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AI, Technology & Data
Cloud & Infrastructure
FSC Korea Unveils New Support Programme for Fintech Firms
By Mark Johnston | 22/06/2023
The FSC said it will select 30 promising fintech companies and provide them opportunities to obtain funding, receive consulting, and expand overseas.
Clearing & Post-Trade
SEBI Settles With NSE Over 2021 Trading Glitch
By Editors | 22/06/2023
NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.
Cybersecurity
Embattled PwC Caught up in Russian Cyberattack
By Editors | 22/06/2023
A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.
Fraud, Scams & Cybercrime
US DOJ Charges Russian Hacker for LockBit Ransomware Attacks
By Mark Johnston | 22/06/2023
Ruslan Astamirov is the third person to be charged over the LockBit ransomware variant. A global cybersecurity advisory has also been issued.
Cloud & Infrastructure
Philippines, India Agree to Collaborate on FinTech Regulation
By Ranamita Chakraborty | 21/06/2023
Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.
Cloud & Infrastructure
China Urges Greater Use of Digital Means for Cross-border Business
By Editors | 21/06/2023
PBOC and SAFE issued a draft notice allowing banks to conduct capital account business online for market players by using electronic documents.
AI Risk & Governance
Richmond Fed Offers Insights on the Use of AI in Banking
By Manesh Samtani | 19/06/2023
Bank supervisors express optimism regarding banks’ ability to leverage AI-based models in credit evaluation, despite the challenges.
Structural Regulation
BOT Publishes New Consultation Paper on Virtual Bank Licensing Framework
By Editors | 19/06/2023
The consultation paper clarifies expectations for virtual banks to stimulate healthy competition and elaborates on the key qualifications of applicants.
Clearing & Post-Trade
Global Consortium Executes First “Quantum-Secure” Trade Transaction
By Sanday Chongo Kabange | 19/06/2023
The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.
Data Privacy
New Zealand Updates Expectations on Use of Generative AI
By Editors | 18/06/2023
New Zealand Privacy Commissioner Michael Webster said AI users and developers need to make sure they are compliant with privacy law.
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