FINTECH / REGTECH

Fintech / Regtech

RBI Announces Launch of Three New Fintech Initiatives

By Ajoy K Das | 31/05/2024

The RBI launched a new application portal, a mobile app for G-Secs trading, and repositories containing FinTech and EmTech data.

AML / KYC

Swift Announces Industry Partnership to Combat Fraud With AI

By Editors | 31/05/2024

FIs will share data with privacy-preserving controls so that AI can be used to detect fraud patterns from a “much richer dataset”.

Fintech / Regtech

India to Bring UPI to 20 Countries by 2029: RBI

By Ajoy K Das | 31/05/2024

India is exploring FPS and multilateral inter-linkages with countries in the EU and South Asia, the RBI said in its annual report.

Fintech / Regtech

Tencent Directed to Reduce WeChat Pay’s Market Share – Report

By Editors | 30/05/2024

Regulators reportedly directed Tencent to reduce WeChat Pay’s market share for in-person QR payments.

Fintech / Regtech

MAS Observes Data Governance Gaps at Some Banks

By Nithya Subramanian | 30/05/2024

Banks that underwent thematic inspections on their data governance and management have taken or are taking remedial actions.

Fintech / Regtech

EU Commission Establishes Artificial Intelligence Office

By Editors | 30/05/2024

The new Office is preparing guidelines on AI system definitions and prohibitions, and preparing to draw up codes of practice for general-purpose AI models.

ESG / Sustainability

HKMA Launches Beta Platform for Physical Risk Assessments

By Sanday Chongo Kabange | 30/05/2024

The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

Big Picture

BIS Explores GenAI Use to Boost Central Bank Cybersecurity

By Editors | 30/05/2024

Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI.

Fintech / Regtech

Singapore Launches Digital Enterprise Blueprint for SMEs

By Nithya Subramanian | 30/05/2024

The DEB will support SMEs in making full use of their existing digital capabilities and help them adopt AI-enabled solutions.