Lisa Huang and Shannon Wong offer guidance on making a timely start to compliance with HKMA’s new operational resilience framework.
May 19, 2022'OSIDA' leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.
April 7, 2022Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.
March 19, 2022The BCBS is exploring banks' use of AI/ML, specifically in the areas of explainability, governance, and resilience and financial stability.
March 18, 2022New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.
February 18, 2022NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.
February 18, 2022The plan envisions the development of a financial standard system that is in line with international standards and driven by market forces, led by the government.
February 10, 2022A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.
February 6, 2022The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.
December 12, 2021BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.
December 6, 2021