All posts tagged "AI"
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660Big PictureOECD Offers Policy Advice for Regulating AI in Financial Services
Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.
August 17, 2021 -
427Big PictureNew BIS Paper Calls for Concrete Guidance on AI
Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.
August 4, 2021 -
1.7KAML / KYCFighting Financial Crime with Advanced Technologies
AI and machine learning make it easier for firms to spot suspicious behavior and reduce false positives, but adoption is not without challenges, says Ashish Rai.
August 2, 2021 -
1.3KAML / KYCJapan Banks to Deploy Shared System for AML/CFT Monitoring
The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021 -
414FeatureMAS Launches ‘Veritas Challenge’ to Strengthen Trust in AI
MAS invites fintechs, solution providers and FIs to submit innovative solutions to help validate the fairness of AI solutions for selected banking use cases.
July 13, 2021 -
475FeatureFSC Korea Issues Guidelines on AI-based Financial Services
Financial firms offering services using AI technologies will be required to have controls in place that ensure fairness to prevent consumer discrimination.
July 11, 2021 -
280Big PictureNew Report Explores Impact of AT/HFT on Hong Kong Equities
Algorithmic trading and high-frequency trading were generally not found to have a deteriorating impact on market liquidity or increase market volatility.
June 29, 2021 -
420Asia-PacificASIFMA Calls for Harmonised Approach to Regulating AI
Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.
June 25, 2021 -
556ChinaPBOC Explores New Financial Data Sharing Ecosystem
The so-called "data-sharing hub" will allow data sharing between trusted institutions in a way that ensures that the source data can be used but not seen or moved.
June 2, 2021 -
1.6KAML / KYCProliferation Financing Risk: A Due Diligence Challenge
Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.
May 19, 2021
