AI, Technology & Data

Conduct, Culture & Accountability

Banks Increasingly Expected to Prevent Misconduct – Report

By Manesh Samtani | 07/06/2023

New report from Starling says outcomes-based regulation, culture initiatives, data science and technology can help enhance culture and conduct risk management in the banking industry.

Data Privacy

HK PCPD Calls For Regulation of Credit Database Providers

By Ranamita Chakraborty | 07/06/2023

The PCPD discovered in an investigation that the operator of the TE Credit Reference System put in place deficient security measures.

Supervision & Enforcement

BIS Head Calls For “More Intrusive” Banking Supervision

By Manesh Samtani | 06/06/2023

Agustín Carstens says supervisors need to continuously seek to improve their capabilities by accessing greater resources and leveraging technology.

Data Privacy

Unprecedented: First Data Trading Involving Personal Data in China

By Sherry Gong | 06/06/2023

Hogan Lovells partners Sherry Gong and Tommy Liu draw lessons from the first case of floor trading of personal data in China.

Cybersecurity

BIS Proves Viability of Quantum-Safe Financial System

By Editors | 06/06/2023

Project Leap involved the design and deployment of a secure communication channel to protect financial data against future threats from quantum computers.

AI Risk & Governance

SFC Chief Calls for Strong AI Governance at Licensed Firms

By Ranamita Chakraborty | 06/06/2023

The SFC will hold licensed firms responsible for conduct breaches involving AI, Julia Leung said at an HKIFA conference.

Cybersecurity

RBI Consults on Cyber Resilience Guidelines for Payment System Operators

By Sanday Chongo Kabange | 06/06/2023

The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.

Payments & Settlements

Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay

By Sanday Chongo Kabange | 06/06/2023

The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.

AI Risk & Governance

InvestHK Launches 2023 Fintech Fast Track Programme

By Sanday Chongo Kabange | 05/06/2023

13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.