AI, Technology & Data

AI Risk & Governance

Building Ethical AI into Banking Innovations

By Scott Zoldi | 01/07/2019

FICO’s chief analytics officer Scott Zoldi discusses his patent work aimed at achieving the explainability, transparency and auditability regulators demand of AI models.

KYC & CDD

SFC Enables Technology Approach for Overseas Client Onboarding

By Manesh Samtani | 01/07/2019

From 5 July, intermediaries can access embedded data in client identity documents for onboarding. Captured biometric data such as a facial image can be used for identity verification.

Structural Regulation

ASIC Proposes New Rules for Market Operators, Participants

By Editors | 30/06/2019

The proposals seek to ensure resilience of critical systems, reliability of outsourced services, and appropriate management of cyber and data security risks, among other requirements.

Trading & Investment

NZX Has Enhanced its Surveillance Function, says FMA

By Editors | 30/06/2019

The NZX improved its market surveillance function in response to last year’s FMA review. It is also planning to complete a trading system upgrade next year, using NASDAQ technology.

Cloud & Infrastructure

GFiN Publishes Report Reflecting on First Year of Work

By Editors | 27/06/2019

The Global Financial Innovation Network has published a report reflecting on its work  over the past year, and its ambitions for the future.

Payments & Settlements

Australian Fintechs Says Banks Are Delaying NPP Adoption

By Editors | 27/06/2019

Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.

Emerging Prudential Risks

FSB Chair Issues Letter to G20 Ahead of Osaka Summit

By Editors | 27/06/2019

The letter reports on the FSB’s work to monitor financial stability risks, reform implementation progress, and market fragmentation issues.

Anti-Money Laundering

Facebook’s Libra – An Enabler of Money Laundering?

By Charles Delingpole | 26/06/2019

Regulators need to get up to speed with Facebook’s stablecoin technology so they can assess how it mitigates money laundering risks and where its weaknesses lie, says ComplyAdvantage CEO Charles Delingpole.

Cybersecurity

APRA Releases Finalised Guidance on Information Security

By Editors | 26/06/2019

The updated guidance is intended to help regulated entities comply with APRA’s new cross-industry prudential standard on information security, which comes into force on 1 July.