Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.
June 29, 2021The first release of the enhanced platform will go live in November 2022, supporting MT messaging and ISO 20022, while also allowing connections via APIs.
March 14, 2021The first phase of Veritas resulted in the development of a fairness assessment methodology based on the FEAT principles for two use cases.
January 7, 2021The enhancements will be made available through a next-generation digital platform that will "fundamentally transform" payments and securities processing, SWIFT says.
September 17, 2020The lack of employees with AI expertise was cited by 70% of respondents as the top barrier to AI adoption, according to a survey.
December 24, 2019BNM recommends the use of AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification, and to automate decision-making in customer onboarding.
December 17, 2019Regulation Asia spoke to Andreas Burner at SmartStream Technologies to understand the different approaches to adopting AI/ML tools, and how centralising data is key to generating analytics and predictions.
December 11, 2019The new 'Veritas' framework aims to improve internal governance among financial institutions around their solutions driven by artificial intelligence and data analytics.
November 13, 2019The RBI said in its annual report that banks take an average of 22 months to detect fraud, and up to 55 months for frauds involving large amounts.
September 2, 2019Australia's fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.
July 29, 2019