All posts tagged "Digital Banks"
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445FeatureBNM Awards Digital Bank Licences to Five Applicants
The licence winners include Axiata's Boost Holdings, RHB Bank, Grab-Singtel's GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.
April 29, 2022 -
503AML / KYCFCA Directs Challenger Banks to Bolster FCC Controls
The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.
April 26, 2022 -
625Big PictureGrowth of Fintechs, Neobanks Poses Systemic Risk: IMF
Digital banks should have to meet stronger capital, liquidity, and risk-management requirements, commensurate with their risks.
April 20, 2022 -
347Asia-PacificBangladesh Bank Commences Work on Digital Bank Framework
The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.
April 12, 2022 -
485Fintech / RegtechKorea FSS Commences Inspections of Internet-only Banks
The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022 -
704Fintech / RegtechKorea FSS Amends Rules to Facilitate Lending by Internet-only Banks
Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.
January 31, 2022 -
465PhilippinesBSP Allows More FIs to Engage in FX Transactions
The amendments allow Islamic banks and digital banks to engage in FX transactions and streamline licensing requirements for banks.
January 12, 2022 -
1.4KFintech / Regtech
BNM Proposes New Licensing Framework For Digital Insurers
Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.
January 6, 2022 -
561FeatureTaiwan Proposes New Framework for Authorising Internet-only Insurers
Sponsors of internet-only insurers can include financial institutions and fintech companies. Applications are expected to open in August 2022.
December 24, 2021 -
1.9KPress ReleaseRegulation Asia: Top Ten Contributed Articles for 2021
This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.
December 23, 2021
