All posts tagged "AI"
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861Australia & NZUnderinvestment in Data, Tech a Root Cause of Breaches: ASIC
Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.
November 16, 2020 -
956Asia-Pacific‘Global Asia Insurance Partnership’ to Launch in January
GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.
November 5, 2020 -
1.2KAML / KYCRegTech Asia 2020: Enhancing Transaction Monitoring
How is the financial industry using AI/machine learning and data analytics to enhance typically rule-based transaction monitoring systems?
October 8, 2020 -
1.7KAML / KYCLeveraging Data & Tech in Financial Crime Compliance
The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.
September 14, 2020 -
2.1KBig PictureHong Kong AoF Publishes Report on AI Adoption in Banking
The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.
August 24, 2020 -
2.0KAML / KYCRisk and Reward: AI Enables Active Financial Crime Risk Assessment
Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.
August 19, 2020 -
1.2KFintech / RegtechMAS Pledges SG$250m to Boost Financial Sector Innovation
Maximum funding under the POC Grant and AIDA Grant will be increased. Support for large-scale innovation projects and staff training will also increase.
August 14, 2020 -
1.6KAML / KYCWolfsberg Group Outlines Steps to AML/CTF Effectiveness
FIs should consider adopting technology such as AI and machine learning more widely. The Wolfsberg Group "strongly encourages" participation in PPPs.
August 14, 2020 -
1.2KFeatureStanChart to Move Core Systems to Cloud in 3 Years
Core banking and trading systems, and new digital ventures such as virtual banking and banking as-a-service, will be cloud-based by 2025 subject to regulatory approvals.
August 13, 2020 -
1.9KFintech / RegtechFSC Korea Kicks Off Working Group on Artificial Intelligence
The working group will seek to promote the use of artificial intelligence in financial services as part of the government’s ‘New Deal’ policy initiative.
July 17, 2020
