The BSP is seeking to introduce 'guardrails' to mitigate potential risks associated with the use of Gen AI in the banking industry.
March 13, 2024The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.
March 11, 2024Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.
March 8, 2024The framework extends the timeline for completing sandbox testing from 7 to 9 months. Crypto-related services are not eligible.
March 1, 2024The enhanced framework makes it easier for early-stage fintechs to meet the eligibility requirements and introduces an accelerated pathway for regulated firms.
March 1, 2024Restrictions on property transactions removed. Property lending requirements eased. HK$100mn pledged to promote financial services.
February 28, 2024Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.
February 27, 2024The RBI asked NPCI to examine Paytm's request to become a Third-Party Application Provider so it can continue to process UPI payments.
February 27, 2024MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.
February 26, 2024The US, EU, Canada, Japan and Australia announced new Russia-related sanctions, including Chinese, Indian, South Korean and Thai companies among their targets.
February 26, 2024