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At the Singapore International Cyber Week 2024, The Cyber Security Agency (CSA) of Singapore released Guidelines on Securing Artificial Intelligence Systems (the Guidelines) accompanied by a Companion Guide (Guide). Recognising the rapidly evolving AI industry, the CSA issued the Guidelines aiming to help system owners adopt AI safely by addressing cybersecurity risks, including adversarial attacks and potential data breaches, which could lead to harmful outcomes.

The European Data Protection Board (EDPB) on 8th October 2024, issued draft Guidelines 1/2024 on processing of personal data based on Article 6(1)(f) of GDPR(Guidelines) and released it for public consultation on 9th October 2024. These guidelines shall remain open for comment until 20th November 2024.

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The FinTech industry has transformed the financial landscape, offering customers digital solutions that make banking, lending, insurance, and investing more efficient and accessible. As this digital shift continues, the reliance on vast amounts of data has become central to the operation of FinTech companies. With data-driving decisions, services, and innovations, the responsibility to protect this sensitive information has never been more significant.

In a rapidly evolving financial landscape, the global open banking market is set to skyrocket from $7.29 billion in 2020 to an astonishing $43 billion by 2026. This remarkable growth underscores a transformative shift towards collaborative financial services. Coupled with this momentum, a recent study reveals that 72% of consumers are eager to embrace third-party services for their banking needs, signaling a strong demand for innovative, user-friendly solutions.

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“My wife asked me why I was speaking so softly at home. I told her I was afraid Mark Zuckerberg was listening! She laughed. I laughed. Alexa laughed. Siri Laughed.”

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“My wife asked me why I was speaking so softly at home. I told her I was afraid Mark Zuckerberg was listening! She laughed. I laughed. Alexa laughed. Siri Laughed.”

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