AI, Technology & Data

Cloud & Infrastructure

S. Korea Accepts Eight More Fintech Sandbox Participants

By Editors | 16/05/2019

The FSC has approved eight more fintech services for the regulatory sandbox, bringing the total number of approved companies to 26.

CBDCs

Hong Kong, Thailand Central Banks Sign Fintech Collaboration Agreement

By Editors | 15/05/2019

HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.

Structural Regulation

Korea to Ease Data Barriers Within Financial Services Firms

By Editors | 13/05/2019

In addition to easing information barriers within financial services firms, the FSC will also allow them to outsource their core businesses to third parties with as fintech startups.

Cybersecurity

SWIFT Responds to India Cyber Threat With New Paper

By Editors | 13/05/2019

SWIFT has published a new paper to help financial institutions in India improve their monitoring of anomalous and potentially fraudulent transactions.

Cybersecurity

Financial Sector Cyber Resilience Relies on Global Cooperation – FSB

By Editors | 12/05/2019

Successful cooperation on cyber security will enhance financial sector resilience and prevent fragmentation, said the FSB’s secretary general Dietrich Domanski in speech to the G7.

AI Risk & Governance

SEBI Directs Mutual Funds to Report on AI, ML Use

By Editors | 10/05/2019

Mutual funds will have to report on their use of AI and ML to facilitate investing, trading, dissemination of investment strategies and advice, compliance, operations and other activities.

Cloud & Infrastructure

Banks Need to Be More Agile to Remain Competitive

By Salomon Wettstein | 10/05/2019

Banks have not invested sufficiently in modernising their core internal systems due to a stronger focus on customer-facing applications, says Synpulse partner Salomon Wettstein.

Structural Regulation

HKMA Grants Four More Virtual Bank Licences

By Manesh Samtani | 09/05/2019

Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.

AI Risk & Governance

Japan FSA Seeks AI Expertise to Examine Securities Reports

By Editors | 09/05/2019

The FSA is looking to conduct an experiment to explore the use of AI to read and analyse the data in annual securities reports published by listed companies.