All posts tagged "Digital Banks"
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151Asia-PacificBSP Proposes Prudential Requirements for Digital Banks
The BSP proposes a 3 percent RRR for digital banks, aligning them with thrift lenders. A 7th licence will not be issued at the stage as previously planned.
October 11, 2021 -
244Asia-Pacific
Philippines: BSP Has 11 Digital Bank Applications to Review
Two applications were already under review. Nine new applications were received before the deadline. Only two more licences may be up for grabs.
September 13, 2021 -
169Asia-PacificBSP to Close Application Window for Digital Banks
The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.
August 24, 2021 -
519Asia-PacificOJK Indonesia Introduces Digital Banking Framework
Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
August 23, 2021 -
1.0KFeatureKnown Applicants for Malaysia Digital Bank Licences
The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.
July 11, 2021 -
117Asia-PacificPhilippines Expects More Entrants to Digital Banking Scene
Tencent-backed Voyager Innovations, Philippine National Bank, RCBC, South Africa's TymeBank, UnionBank, and EastWest Bank are among the applicants.
July 2, 2021 -
208Asia-Pacific
BSP to Issue Strict Regulations On ‘Digital Bank’ Branding
Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.
June 18, 2021 -
336Asia-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 -
332Fintech / RegtechFive Parties Identified as Seeking Malaysia Digital Bank Licence
A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.
June 5, 2021 -
143Asia-PacificLINE to Roll Out Digital Banking Platform in Indonesia
The launch will mean Japan's LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.
June 4, 2021
