The SBV will develop a fintech regulatory sandbox fintech for innovations relating credit scoring, open API and P2P lending.
March 22, 2024NPCI plans a pilot project with some lenders to look at how digital payments indicators can be integrated in credit scores.
February 13, 2024ASIC is conducting a review into the use of AI in the banking, credit, insurance, and advice sectors to better understand use cases and impacts to consumers.
February 2, 2024FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea's financial industry.
May 19, 2023A verification system has also been introduced for use in examinations of AI-driven credit scoring models deployed by credit bureaus.
April 19, 2023Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.
June 21, 2022QR payments allow the creation of a digital payment footprint that enables small firms to access credit from both big tech firms as well as banks.
May 10, 2022Moody's Analytics addresses wholesale market needs to optimise credit and financial risk practices through the end-to-end credit life cycle.
December 10, 2021Ant Group's lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
September 14, 2021The Hub will further facilitate the development and adoption of the CDI by helping to match potential data providers and data users.
July 23, 2021