Under the refinancing scheme, banks will be able to use central bank funds to provide low-cost small loans to individual customers.
June 9, 2022The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.
June 3, 2022Respondents to the RBNZ's consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.
May 11, 2022The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.
April 21, 2022Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.
April 12, 2022The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.
March 30, 2022New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.
February 18, 2022BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia's CSD have now also enrolled.
February 8, 2022DBS has to hold SGD 930 million in additional regulatory capital until MAS is satisfied that it has addressed all shortcomings identified by an independent reviewer.
February 7, 2022OCBC’s goodwill payouts to fully cover customer losses were a one-off gesture, and they "do not set a general precedent for future cases", MAS said.
February 4, 2022