Fintech / Regtech

Fintech / Regtech

SEBI Developing AI Tool to Detect Fund Mis-selling

By Editors | 07/09/2023

The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

Fintech / Regtech

Grab-Singtel Digital Bank Approved for Launch in Malaysia

By Editors | 07/09/2023

GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.

Fintech / Regtech

RBI Calls on Fintech Industry to Establish Self-Regulatory Body

By Editors | 07/09/2023

The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

Fintech / Regtech

SGX Gains Connectivity to FIA Tech’s Trade Data Network 

By Editors | 07/09/2023

The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

AML / KYC

FSS Inspections Find AML Deficiencies at Korean e-Payments Firms

By Editors | 06/09/2023

The FSS said management awareness of AML work within electronic financial businesses is low; internal controls and risk assessments are deficient.

Fintech / Regtech

UK House of Commons Report Calls for Dedicated Bill on AI Governance

By Manesh Samtani | 06/09/2023

Key committee outlines 12 challenges related to AI governance, calls for the introduction of a “tightly-focused” AI Bill in the next King’s Speech.

Fintech / Regtech

Trade Bodies Call on Industries to Adopt eBL Declaration

By Editors | 06/09/2023

The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.

Fintech / Regtech

Australia Consults on Feasibility of ‘Screen Scraping’ Ban

By Editors | 06/09/2023

New discussion paper seeks views on a recommendation to ban screen scraping in situations where the CDR is a viable alternative.

Capital / Liquidity

FSB Warns of ‘Further Shocks’ in G20 Progress Update

By Manesh Samtani | 06/09/2023

The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.