All posts tagged "digital bank"
-
141FeatureFSC Korea Grants Toss Bank Final Approval to Operate as Digital Bank
With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
June 10, 2021 -
164Asia-PacificBSP Issues Two New Digital Bank Licences
The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.
June 9, 2021 -
194EnforcementFSC Taiwan to Order LINE Bank to Improve Operations
The FSC says LINE Bank’s report explaining its launch day system failure was not satisfactory. The regulator will ask the bank improves its operations.
May 12, 2021 -
242Fintech / Regtech
Taiwan FSC Directs LINE Bank to Conduct Stress Tests
LINE Bank services crashed on Thursday due to "system overload" just as it launched new digital banking services.
April 27, 2021 -
219EnforcementTaiwan FSC Probes Next Bank Over Possible Regulatory Breaches
Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.
April 23, 2021 -
294Asia-PacificOverseas Filipino Bank Obtains Digital Bank Licence
Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
April 9, 2021 -
253Australia & NZACCC Gives NAB Green Light to Acquire Neobank 86400
The ACCC’s decision is based on an assessment that the NAB acquisition is “unlikely to substantially lessen competition” in the market.
April 1, 2021 -
358Fintech / Regtech
Internet-only LINE Bank Commences Trial Operations in Taiwan
Only LINE Bank employees will participate in the trial operations. Depending on the results, full operations could commence by late April.
March 25, 2021 -
1.1KAsia-PacificSea Group to Establish Digital Banking Operations in Indonesia
Sea Group's e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.
February 23, 2021 -
356FeatureOver 40 Parties to Apply for Digital Bank Licence: BNM
Applications are being accepted until 30 June 2021, with BNM planning to award up to five licences in the first quarter of 2022.
February 12, 2021
