All posts tagged "AI"
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2.4KBig 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 -
2.5KAML / 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 -
1.8KAML / 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 -
1.4KFeatureStanChart 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 -
2.1KFintech / 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 -
2.8KEuropeDenmark Introduces Mandatory Data Ethics Disclosure Rule
From 1 January 2021, large and listed Danish companies will disclose information about their data ethics policy, AI tools and algorithms in annual reports.
July 8, 2020 -
1.3KAML / KYCS. Korea Uses AI, Big Data Analytics to Detect Tax Evasion
A new AI-based big data analytics system will be used by the National Tax Service to detect cases of tax evasion using borrowed-name accounts.
July 7, 2020 -
1.6KFintech / RegtechSouth Korea Enhances Credit Database in Open Data Push
Korea's CreDB system will be enhanced with additional datasets and increased server capacity to support deep learning and other types of AI-based data analysis.
July 3, 2020 -
1.5KAML / KYCNew FATF President Presents Objectives For Two-Year Term
FATF President Marcus Pleyer will prioritise work on digital transformation, racially motivated terrorism, migrant smuggling, environmental crime, and illicit arms trafficking.
July 2, 2020
