AI, Technology & Data

Anti-Money Laundering

ACAMS 2018: Rising to the Financial Crime Challenge

By Manesh Samtani | 09/05/2018

Recently in Hong Kong, ACAMS brought financial industry participants to discuss action to combat financial crime. Progress on regulation, advancements in technology and FIs’ willingness to do their part are making all the difference.

Fraud, Scams & Cybercrime

CPMI Releases Strategy for Reducing Wholesale Payments Fraud

By JP Reimann | 09/05/2018

Central banks urge stakeholders to pursue adoption of common strategy to improve security of wholesale payments; will monitor progress to determine the need for further action.

AI Risk & Governance

Singapore Fast Tracks AI Adoption in Financial Sector

By JP Reimann | 08/05/2018

MAS partners with government agency, media regulator and professional body to promote adoption of AI products and services in financial sector.

Trading & Investment

Korea Joins Regional Peers in Adopting AI-based Market Surveillance

By JP Reimann | 08/05/2018

KRX launches new market surveillance system based on artificial intelligence; reduces time to secure data on suspicious transactions from 5 days to 1 hour.

Cloud & Infrastructure

Fintech a Key Enabler for Financial Firms – DTCC

By Manesh Samtani | 07/05/2018

Markets safer and more resilient 10 years post-GFC, but regulatory complexities and rapidly-changing risk landscapes persist as challenges to the industry.

AI Risk & Governance

ASIC Continues Regtech Support with NLP Trials

By JP Reimann | 07/05/2018

ASIC deepened its support of regtech with natural language processing trials; signifies regulator’s starting point in its evolving approach to new technologies.

Operational Risk

Philippines to Implement New Credit Card Law

By Garima Chitkara | 07/05/2018

New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.

Cryptocurrency

Regulation in the Age of Cryptocurrencies

By Will Hallatt | 02/05/2018

Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.

Cloud & Infrastructure

Singapore, Vietnam Sign Fintech, Banking Supervision Agreement

By JP Reimann | 26/04/2018

The central banks have agreed on a partnership to encourage fintech innovation and strengthen banking supervision.