BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.
December 6, 2021The upgrades are intended to address technical issues in the RBA's existing infrastructure, some of which is "facing obsolescence" and requires costly maintenance.
November 18, 2021Companies looking to IPO in Hong Kong would have to undergo a cybersecurity assessment if their data-processing activities may have an impact on national security.
November 16, 2021Singapore has pledged an additional S$180mn in additional AI research funding to enhance the financial sector's AI capabilities.
November 9, 2021A new OECD report identifies four determinants of trustworthy AI in the financial sector - transparency, fairness, data governance and accountability.
September 29, 2021A new IMF paper discusses the impacts fintech will have on currency issuance, monetary policy implementation, and payment system soundness, among other functions of a central bank.
August 31, 2021Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.
August 17, 2021Common 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, 2021AI 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, 2021The 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