Towards Trustworthy AI in DIGITAL Banking: an Asian Regulatory Perspective

Artificial intelligence is transforming digital banking worldwide, prompting regulators to reconcile innovation with legal safeguards. In Asia, fintech hubs like Singapore, China, India, and Japan are shaping unique responses that reflect national priorities and regulatory philosophies [1]. This article applies an IMRAD structure to examine regulatory approaches, highlight key legal challenges, and suggest a path toward trustworthy AI in banking. The study draws on comparative legal research, synthesizing policy documents, statutes, and scholarly commentary [2]. Results reveal varying models—from principles-based guidelines in Singapore to binding algorithm rules in China—yet all focus on fairness, accountability, transparency, privacy, and consumer protection [3]. Discussion finds convergence on core ethical requirements, but implementation differences persist [4]. The article concludes that fostering trustworthy AI demands a balanced approach incorporating strict data protection, robust oversight, and regulatory sandboxes to encourage responsible innovation [5].

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