Similar Posts
Japan’s AI Governance Revolution: Navigating Global Regulatory Changes
Japan is shifting its approach to artificial intelligence (AI) regulation by adopting a more flexible framework, as detailed in a February 4, 2025, interim report from the AI Policy Study Group. This new strategy, which incorporates existing sector-specific laws and encourages voluntary risk management, contrasts with stricter regulations in the U.S. and EU. Key features include the integration of AI governance into current legal frameworks, promoting industry-led risk mitigation, and establishing a government body for AI policy coordination. Japan aims to balance innovation with oversight, positioning itself as a facilitator in the global AI landscape while addressing associated risks.
Devexperts Unveils Comprehensive Turnkey Futures Trading Platform for U.S. Brokers
Devexperts has launched a cutting-edge futures trading platform tailored for US brokers, responding to increased demand for futures trading solutions in a favorable regulatory environment. The platform enables immediate deployment or customization and provides access to major exchanges like CME and ICE. Key features include DOM ladder trading, a real-time order management system, post-trade monitoring, and integration with market data services. It also includes mobile applications and customizable tools for traders. Devexperts offers comprehensive support and development services, ensuring brokers can adapt to market needs. CEO Ben Hurley highlighted the platform’s importance amid rising global interest in futures trading.
Standard Chartered Unleashes SC GPT GenAI Tool Globally: Revolutionizing Financial Services
Standard Chartered has launched SC GPT, a pioneering GenAI tool designed to improve operational efficiency and client engagement across 41 global markets. Supporting over 70,000 employees, SC GPT aims to enhance productivity, tailor marketing strategies, automate software engineering, and refine risk management. Emphasizing ethical AI, Group Chief Data Officer Mohammed Rahim noted the importance of governance and fairness in its development. A customized version will address specific market needs, aiding in digital marketing, translation, and customer support. Group CEO Bill Winters highlighted GenAI’s potential to transform banking operations and service delivery, with plans to expand SC GPT to 10 additional markets soon.
CIMB Bank Teams Up with ACI Worldwide to Revolutionize Real-Time and Cross-Border Payment Solutions
CIMB Bank is enhancing its financial technology through a partnership with ACI Worldwide, aiming to unify all account-to-account payment types on a modern platform. This initiative, part of CIMB’s strategy to modernize payment systems in Malaysia, includes real-time payments, ACH transactions, RTGS, and cross-border payments, supporting the ISO 20022 global messaging standard. The new platform promises improved security, regulatory compliance, and interoperability. CIMB’s Group CTO, Ros Aziah, highlighted the transformation as essential for future-proofing banking operations. Leslie Choo of ACI Worldwide praised the collaboration as a step towards leading in a digital-first economy across the ASEAN region.
Frenos Raises $3.88M in Seed Funding to Revolutionize Operational Technology Security Solutions
Frenos, a cybersecurity startup, has launched an AI-native platform to assess the security of autonomous operational technology (OT) in critical infrastructure sectors. Recently, the company raised $3.88 million in seed funding led by DataTribe to accelerate growth and market reach. The platform evaluates and prioritizes security risks, utilizing a digital network twin for detailed threat analysis. Frenos has formed strategic partnerships with prominent cybersecurity firms like Claroty and Palo Alto Networks to enhance its offerings. Industry leaders, including Dragos CEO Robert M. Lee, praise Frenos’s innovative approach, positioning it to significantly impact OT security.
