The country's third largest microfinance institution has obtained approval from the central bank, and is now seeking final approval from the securities regulator and exchange.
SWIFT is set to trial its gpi payments service using Australia’s New Payments Platform, together with banks from China, Singapore and Thailand.
Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.
New body will connect Cambodia with overseas fintech associations and has already signed agreements with associations in Thailand, Singapore and Taiwan.
Crypto businesses were in May given 90 days to register with the SEC if they wished to carry on their business.
Three state-run banks were among those that received local and foreign currency ratings upgrades following a notch up in Vietnam's sovereign rating earlier this year.
Vietnam is looking to potentially stop issuing licenses to foreign banks even as the State Bank of Vietnam is proposing to ease requirements for the establishment of domestic banks.
BSP circular says banks do not need prior approval of central bank to issue bonds and commercial papers and sets out eligibility criteria for issuers.
Risk and regulatory executives surveyed have identified data challenges, regulatory change and compliance resources as top pain points in financial services sector.
The rating agency has changed its outlook for Indonesia’s banking system to stable for positive on the back of strong operating environment, capitalisation and liquidity levels.