Fintech / Regtech

Fintech / Regtech

FSC Korea Issues Guidelines to Promote Safe Usage of AI Tech

By Editors | 19/04/2023

A verification system has also been introduced for use in examinations of AI-driven credit scoring models deployed by credit bureaus.

Fintech / Regtech

Japan’s Big Three Banks Embrace Generative AI Chatbots

By Mark Johnston | 18/04/2023

The adoption of AI chatbots by Japan’s top banks could spur other major Japanese companies to follow suit, as generative AI technology becomes increasingly popular.

Fintech / Regtech

UK Regulators Announce Next Steps for Open Banking Regime

By Mark Johnston | 18/04/2023

A new body will be created to boost the uptake of open banking in the UK and extend its benefits to other sectors of the economy.

Fintech / Regtech

Malaysia SC to Launch New Online Payment Platform

By Editors | 18/04/2023

The platform will enable an easier online payment process for regulatory, registration and application fees paid to the SC.

AML / KYC

Working Group Formed to Update Crypto’s IVMS101 Standard

By Manesh Samtani | 16/04/2023

The working group will update the IVMS101 standard and develop other standards to create “greater consistency and integrity” within the crypto ecosystem.

Enforcement

Former TSB Executive Fined Over 2018 IT Migration Failure

By Editors | 14/04/2023

TSB Bank’s chief information officer was fined for his management of a key outsourcing relationship fell below expected standards.

Fintech / Regtech

Tiger Brokers Tests ‘TigerGPT’ Chatbot as Investment Assistant

By Editors | 14/04/2023

The OpenAI-powered chatbot is said to be the “first deployment of an AI investment assistant in the brokerage industry”.

Crypto / Digital Assets

Hong Kong Doubles Down on Pledge to Develop Web3

By Editors | 13/04/2023

Financial Secretary Paul Chan said crypto market volatility provides an opportunity for Web3 development. SFC official said DeFi platforms require licensing.

ESG / Sustainability

GFIN Set to Open Applications for ‘Greenwashing TechSprint’

By Editors | 12/04/2023

The TechSprint, hosted on the FCA’s digital sandbox, will seek to develop a tool or solution to help tackle greenwashing risks in financial services.