FINTECH / REGTECH

Fintech / Regtech

US, European Competition Regulators Sign AI Agreement

By Nithya Subramanian | 24/07/2024

Given the rapid growth of AI, authorities will work to ensure effective competition as well as fair and honest treatment of consumers and businesses.

Fintech / Regtech

RBI Flags Concerns Over Digital Fraud, Outsourcing Risks

By Ajoy K Das | 24/07/2024

RBI governor Shaktikanta Das called on banks to strengthen customer onboarding and transaction monitoring to address digital fraud.

Fintech / Regtech

APRA Issues Final Version of Digital Prudential Handbook

By Sanday Chongo Kabange | 24/07/2024

The handbook brings together all of APRA’s prudential standards, prudential practice guides and relevant supporting information in one place.

Fintech / Regtech

Korea to Allow Sale of Pension Products That Use AI

By Editors | 23/07/2024

Firms that passed a review can apply for designation as “innovation financial services” in September and sell AI-driven pension products online in December.

Fintech / Regtech

Cambodia to Allow Tourists to Use Bakong Payment App

By Nithya Subramanian | 23/07/2024

Tourists visiting Cambodia will be able to download the Bakong app and use a credit card from their home country to top up the wallet.

Fintech / Regtech

Taiwan Issues ‘Zero Trust’ Cybersecurity Guidelines for FIs

By Manesh Samtani | 23/07/2024

The guidelines call for FIs to adopt ‘zero trust’ architecture, prioritising the introduction of additional cybersecurity control measures in higher risk areas.

Enforcement

SC Malaysia Warns of Investment Scams Involving Deepfakes

By Nithya Subramanian | 23/07/2024

The regulator has asked the public to be vigilant in evaluating investment offers, and not transfer money into suspicious accounts.

Securities / Derivatives

Tokyo Bourse Now Requires Earnings Reports in HTML Format

By Editors | 23/07/2024

The TSE has been testing the use of HTML format for disclosures by listed companies since December 2021. HTML submission is now mandatory.

AML / KYC

Philippine SEC Launches New Digital Services Platform

By Editors | 22/07/2024

The eSECURE platform will serve as a user’s digital passport to the different online services provided by the SEC.