AI, Technology & Data

KYC & CDD

UnionBank Goes Live on Philippine Open Finance Pilot for Pensions

By Editors | 06/09/2025

UnionBank is among the first to launch a BSP-led initiative using consent-based data sharing to simplify retirement account opening.

Cybersecurity

South Korea to Impose Stricter Fines For IT Security Breaches

By Sanday Chongo Kabange | 05/09/2025

The FSC will now levy separate penalties for each individual compliance failure, ending its practice of bundling related violations into a single fine.

Fraud, Scams & Cybercrime

Singapore Summit Calls for United Front Against Scams

By Nathan Lynch | 05/09/2025

The GASA Summit in Singapore this week brought together experts from government, non-profit organisations and regulatory bodies to dissect this evolving threat.

Cybersecurity

Korea Launches High-Intensity Cyber Drill Across Financial Sector

By Sanday Chongo Kabange | 05/09/2025

The FSS and FSI will conduct unannounced attacks over two months, expanding the scope to all financial firms and adding on-site infrastructure inspections.

Cloud & Infrastructure

Cambodia to Launch FinTech Sandbox, Eyes P2P Lending Regulation

By Nithya Subramanian | 05/09/2025

The country's non-bank regulator is rolling out a new strategic plan to foster innovation in InsurTech and digital finance while strengthening consumer protection.

Cybersecurity

Korea FSS Urges Stronger Controls After Lotte Card Data Breach

By Sanday Chongo Kabange | 04/09/2025

The FSS has called for tighter internal safeguards and expedited consumer protection following a data leak at Lotte Card that went undetected for 17 days.

Fraud, Scams & Cybercrime

Philippine Bankers Association Developing New Scam Blocking Protocol

By Sanday Chongo Kabange | 04/09/2025

The new protocol will incorporate AI and big data analytics to facilitate real-time alerts and fund blocking once scam-related activity is reported.

Stablecoins

South Korea's Kbank to Develop Stablecoin-based Payment Services

By Sanday Chongo Kabange | 04/09/2025

The internet-only bank aims to develop stablecoin-based cross-border payment and remittance services, eyeing expansion in Asia and the Middle East.

Cybersecurity

Taiwan Mandates New Audit and Cyber Rules for Securities Firms

By Sanday Chongo Kabange | 03/09/2025

The new rules set minimum internal audit staffing levels and require cybersecurity self-assessments for firms seeking to expand their business or open new branches.