AI, Technology & Data

Clearing & Post-Trade

CPMI-IOSCO Takes Stock of CCP Practices for Addressing Non-default Losses

By Editors | 24/08/2023

CPMI and IOSCO intend to publicly consult on further guidance for CCPs on addressing NDLs arising from scenarios like system outages and cyber attacks.

Fraud, Scams & Cybercrime

How AI Can Combat Financial Crime

By Ranamita Chakraborty | 24/08/2023

Industry experts tell Regulation Asia how the financial sector’s battle against sophisticated financial crimes has led to a greater reliance on artificial intelligence (AI) to detect fraud and maintain customer trust.

AI Risk & Governance

BCG Explores the Potential of Generative AI for Finance

By Mark Johnston | 22/08/2023

BCG says CFOs should embrace generative AI “immediately” and remove any obstacles to adoption in their departments.

AI Risk & Governance

US Court Rules AI-Generated Work Cannot be Copyrighted

By Manesh Samtani | 22/08/2023

Human authorship is a bedrock requirement of copyright, a federal judge ruled in a case that dates back to 2019.

Payments & Settlements

RBI Launches Digital Portal for Unclaimed Deposit Recovery

By Ranamita Chakraborty | 21/08/2023

Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.

Structural Regulation

Bangladesh Bank Receives 52 Digital Bank Licence Applications

By Editors | 20/08/2023

The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences

Payments & Settlements

BSP Unveils Timeline for New International Transaction Reporting System

By Editors | 18/08/2023

A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.

Reporting & Disclosures

Verra Heightens Transparency with Carbon Credit Project Tracker

By ESG Investor | 18/08/2023

New tool is part of a broad push by the industry to increase carbon credit integrity by harnessing technology innovation.

Cloud & Infrastructure

FSC Taiwan Releases Second 3-year Fintech Development Roadmap

By Editors | 17/08/2023

The first roadmap issued in 2020 has helped to shape a “friendly” fintech ecosystem and improve financial services, the FSC said.