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Singapore consults on AI risk management in financial firms
The guideline will define MAS’s expectations on to how financial institutions establish AI oversight, risk control mechanisms, and safe use of the technology.
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Junior roles at risk of being replaced by AI, survey reveals
UK public and private-sector organizations are adopting AI into their workflows, with experts saying the tech is now a necessary part of operations.
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UK cyberattacks led to record insurance payouts in 2024
UK government and insurers urge businesses not to ignore cyber risks, as major retailers try to recover from a string of costly cyber attacks this year.
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Major cloud services providers to come under remit of UK regulators next year
MPs have accused the government of being too slow to bring critical third-party service providers under the remit of UK regulators but ministers insist work is underway.
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Hong Kong’s Fintech 2030 strategy to focus on AI, data, and tokenization
Key objectives include establishing next-gen infrastructure, AI adoption, enhancing tech resilience, and making tokenization part of mainstream finance.
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South Korea signals deregulation to attract investment in AI and strategic industries
National Fund aims to restructure economy from manufacturing to high-tech, with a special focus on AI.
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New report reveals state of AI research in banking
Banks around the world are investing huge sums in internal AI research and capacity building. Some of these trends have been captured in Evident Insights’ latest report, summarized here.
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High-tech at the heart of South Korea’s five-year industrial restructuring plan
Seoul plans to invest hundreds of billions into an economic restructuring that moves away from manufacturing and focuses on innovation.