All posts tagged "BoT"
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448AML / KYCBank of Ayudhya Uses Facial Recognition in Account Opening
Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.
March 12, 2019 -
403Asia-PacificThailand Moves to Transaction-based Calculation for THBFIX
The "more credible" transactions-based approach will improve transparency and reduce risks of manipulation, and is in line with the IOSCO Principles for Financial Benchmarks, the BOT said.
March 4, 2019 -
364Asia-Pacific
BOT Urges Commercial Banks to Set Up Risk Management Boards
Thailand’s central bank is concerned about underpricing of risk on corporate loans given “growing uncertainties” in domestic and international markets.
January 4, 2019 -
319Asia-Pacific
Thailand to Broadly Revamp Regulations for Financial Institutions
New regulations will make it easier for financial institutions to lend to SMEs and adopt new technologies, while also reducing burdensome approval processes.
November 23, 2018 -
362Asia-Pacific
BOT Pilot to Reduce Government Bond Settlement to T+2
The pilot uses distributed ledger technology to enhance efficiency, transparency and security while reducing operating costs in the sales of government savings bonds.
October 5, 2018 -
323Asia-Pacific
Thailand Allows Banks to Engage in Crypto Activities Through Subsidiaries
Banks still prohibited from issuing, buying or selling digital tokens directly, but bank subsidiaries will be allowed to trade cryptocurrency and issue digital tokens with permission from supervisory body.
August 10, 2018 -
868Asia-Pacific
Thailand Banks Hit by Cyber Attack Resulting in Data Leak
Hackers have stolen non-financial data of over 120,000 customers from Kasikornbank and Krungthai Bank in the first such data leak in the Thai banking sector.
August 2, 2018 -
287Asia-Pacific
Thailand to Offer Fee-Free ‘Basic’ Banking
Thailand’s banks will offer basic accounts that exempt senior citizens and welfare recipients from entry fees, annual charges and minimum deposit requirements.
August 1, 2018 -
222Asia-Pacific
Thailand Explores Blockchain Use for Banking, Bonds Settlement
BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.
July 18, 2018 -
184Asia-Pacific
Thailand, Japan to Cooperate on Banking Supervision
BOT and Japan FSA agreement sets out process they will follow to foster greater cooperation for information sharing, on-site visits, supervisory colleges and crisis management.
June 20, 2018
