AI, Technology & Data

Cloud & Infrastructure

GIFT City Regulator Amends Proposals for TechFin and Ancillary Services

By Mark Johnston | 17/07/2025

Feedback on IFSCA's proposed regulations highlights concerns over re-registration costs, mandatory officer appointments, and restrictive client eligibility criteria.

Cybersecurity

MAS Mandates 2FA for All Online Financial Accounts, Tightens Exemptions

By Manesh Samtani | 17/07/2025

MAS updates guidance to make two-factor authentication mandatory for all customers, shifting from a client-based to an access-based exemption model.

Data Privacy

Hong Kong and Macao Ink MOU to Bolster GBA Data Flows

By Sanday Chongo Kabange | 16/07/2025

Hong Kong’s PCPD and Macao’s PDPB will deepen collaboration on personal data protection, facilitate cross-boundary information exchange, and support the region's digital economy.

Cybersecurity

Japan FSA Proposes Mandatory Phishing-Resistant MFA for Brokerages

By Manesh Samtani | 16/07/2025

FSA released draft guidelines to combat online fraud, requiring stronger authentication and setting schedules for implementation.

AI Risk & Governance

US Allows Nvidia to Resume Sales of H20 AI Chips to China

By Nithya Subramanian | 16/07/2025

After tighter export controls were announced in April, Nvidia has been "assured" by the US government that licences will be granted and it could start deliveries soon.

PEPs & Sanctions

Malaysia Imposes Permit Requirement on US AI Chip Exports

By Editors | 15/07/2025

The move aims to close regulatory loopholes and prevent illicit trade amid US pressure to stop advanced semiconductors from reaching China.

Emerging Prudential Risks

HKMA Calls for Enhanced NBFI Monitoring to Counter Stability Risks

By Sanday Chongo Kabange | 15/07/2025

HKMA’s Darryl Chan has called for agile regulation and international cooperation to manage threats from global fragmentation, innovation, and market volatility.

Clearing & Post-Trade

ASX Proposes Plan to Replace Futures Clearing System by Q1 2027

By Manesh Samtani | 14/07/2025

ASX has launched a consultation on replacing its Genium system with a Nasdaq platform, proposing operational and technical changes for participants.

KYC & CDD

India's IFSCA Proposes Video-Based KYC for NRIs from Select Countries

By Nithya Subramanian | 14/07/2025

Video-based customer identification will be allowed for specified NRIs subject to strict checks including address verification, IP restrictions, secure data handling, and mandatory audits to safeguard against fraud.