Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
April 9, 2021The ACCC’s decision is based on an assessment that the NAB acquisition is “unlikely to substantially lessen competition” in the market.
April 1, 2021Commercial banks have been ordered to resume full operations, or else transfer deposit accounts to state- or military-owned banks.
March 19, 2021Westpac and SocietyOne have signed a partnership expand digital banking services to customers in the second quarter of this year.
March 1, 2021The launch comes as cyber criminals look to leverage the uncertainty and panic around Covid-19 for financial fraud, scams, and other malicious activity.
May 13, 2020Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.
April 7, 2020The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.
January 15, 2020The key policy tasks for the year include reducing banking sector NPLs to below 2% and promoting the use of non-cash payments.
January 10, 2020The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.
October 22, 2019Asian firms need to look beyond regulatory compliance with respect to data to ensure the most effective use of their data resources.
October 10, 2019