The plan envisions the development of a financial standard system that is in line with international standards and driven by market forces, led by the government.
February 10, 2022The law empowers financial regulators to enforce standards of business conduct by financial entities and adjudicate on consumer complaints.
February 3, 2022The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.
February 3, 2022New guidance urges banks and insurers to "vigorously promote" digital financial services and further develop their data and technology capabilities.
January 31, 2022New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
January 28, 2022A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.
January 14, 2022On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.
January 6, 2022Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.
January 3, 2022This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.
December 23, 2021Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.
December 23, 2021