AI, Technology & Data

AI Risk & Governance

India Enlists Accounting Body for Sovereign AI Model Development

By Mark Johnston | 16/10/2025

The ICAI will provide financial data from listed companies to support the nation's sovereign AI ambitions.

Fraud, Scams & Cybercrime

Japan FSA Mandates Phishing-Resistant MFA for Online Brokers

By Sanday Chongo Kabange | 16/10/2025

New rules require default phishing-resistant authentication for key operations and ban login links in emails to combat rising fraud.

AI Risk & Governance

HKMA Announces Second Cohort of GenAI Sandbox Participants

By Sanday Chongo Kabange | 16/10/2025

The cohort includes 27 use cases from 20 banks, with a focus on AI governance and using AI to test systems against sophisticated fraud.

Cybersecurity

Japan Launches Latest Cross Industry Cybersecurity Exercise with 177 Firms

By Sanday Chongo Kabange | 15/10/2025

This 10th annual exercise includes drills for data breaches, asset outflows, and a 'blind' scenario for banks to test industry resilience.

Payments & Settlements

India's New Cheque Clearing System Faces Teething Problems

By Editors | 15/10/2025

A bank employees' union has flagged software glitches and inadequate training, leading to delays and increased workloads during the Diwali season.

AI Risk & Governance

Malaysia Launches First Industry-Wide Skills Platform for Financial Sector

By Nithya Subramanian | 15/10/2025

The digital platform benchmarks workforce capabilities and accelerates upskilling across Malaysia’s financial sector in line with national talent goals.

Cybersecurity

OJK Indonesia Mandates Security Overhaul After Cyber-Attack on Brokers

By Mark Johnston | 15/10/2025

Regulators have ordered securities firms to strengthen digital defences and risk management following an attack that exploited system weaknesses.

Data Privacy

Bangladesh Approves Data Protection Ordinance with Jail Terms

By Nithya Subramanian | 14/10/2025

The ordinance introduces jail terms and fines for misuse of personal data, bringing the country closer to global privacy standards.

Payments & Settlements

NPCI, Razorpay, OpenAI Team Up to Pilot ‘Agentic Payments’

By Nithya Subramanian | 14/10/2025

In this initiative, AI and UPI converge in a bid to make digital payments more intuitive and inclusive, enabling secure, user-authorised transactions powered by intelligent assistants.