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.

Fintech / Regtech

BSP Eyes Open Finance Platform for Pensions, Insurance

By Mark Johnston | 28/05/2024

The open finance platform will use APIs to support access to different pension and insurance products and boost financial inclusion.

Fintech / Regtech

MAS Released New Project MindForge Whitepaper

By Editors | 28/05/2024

Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

AML / KYC

Bursa Malaysia Launches API Gateway to Streamline Onboarding

By Nithya Subramanian | 28/05/2024

The new API Gateway will streamline onboarding and speed up CDS account opening, updating and reactivation.

Fintech / Regtech

“Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

By Nithya Subramanian | 23/05/2024

Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

Fintech / Regtech

Swift Enables Banks to Improve Services for Corporates

By Editors | 22/05/2024

Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.

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