Regulation Asia sat down with Nice Actimize's Jerome Lambert to understand how a holistic approach has improved surveillance capabilities and reduced the burden on compliance analysts.
The move is aimed at increasing the overlap time for trading between the Thai and ASEAN stock exchanges.
TONIK Digital Bank will be the first "pure-play" digital bank in Southeast Asia, focusing on retail deposits and consumer loans.
The efforts are aimed at developing data from non-financial sources, an electronic identification system, and a suitable regulatory framework.
All financial institutions regulated by Bangladesh Bank are expected to introduce e-KYC in compliance with the new guideline by December 2020.
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
The total capital shortfall among the 12 banks was reported to be over $2bn as of the end of September, amid rising bad loans in the banking sector.
The new code comes into effect on 12 January, and gives public companies and registered issuers 6 months to submit a new manual on corporate governance.
The key policy tasks for the year include reducing banking sector NPLs to below 2% and promoting the use of non-cash payments.
Banks are instructed to lower the interest costs and fees loan prepayments and late repayments, and to adopt grace periods to reduce borrower burdens.