FINTECH / REGTECH

Crypto / Digital Assets

UK FCA Unveils Plans for Crypto Regulation, Tokenisation

By Manesh Samtani | 28/11/2024

Several discussion papers and consultations will be issued between now and early 2026. The new crypto regime will go live within 2026.

Fintech / Regtech

UK Regulators Find Widespread Use of AI in Financial Sector

By Thisanka Siripala | 27/11/2024

75 percent of UK financial services firms already using AI in some capacity, but reliance on a small number of third-party providers raises concerns.

Fintech / Regtech

Australia Consults on Expanding CDR Regime to Non-Bank Lending

By Sanday Chongo Kabange | 27/11/2024

The proposed draft rules will allow consumers to share their bank data with non‑bank lenders for products like residential mortgages and car loans.

Fintech / Regtech

Japan FSA Using AI to Streamline Operations and Improve Efficiency

By Thisanka Siripala | 26/11/2024

The FSA introduced a system that can quickly search through documents held by different departments and then summarise their contents.

Fintech / Regtech

IOSCO Publishes Final Guidance on Post Trade Risk Reduction Services

By Manesh Samtani | 26/11/2024

The guidance addresses risks relating to control and governance around algorithms, fair treatment of participants, data protection, and other areas.

Fintech / Regtech

EU Cyber Resilience Act Published in Official Journal

By Thisanka Siripala | 23/11/2024

Non-compliance can result in fines up to 2.5 percent of the offender’s total worldwide annual turnover for the preceding financial year.

Fintech / Regtech

Goldman Sachs to Make GS DAP Platform “Industry-owned”

By Nithya Subramanian | 22/11/2024

Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.

Fintech / Regtech

EU and Singapore Strengthen Cooperation on AI Safety

By Nithya Subramanian | 21/11/2024

The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.

Fintech / Regtech

IAIS Publishes Paper on Supervision of AI in Insurance Sector

By Editors | 21/11/2024

The paper aims to support supervisors when applying the Insurance Core Principles to promote appropriate and globally consistent oversight of the use of AI within the insurance sector.