OJK says the taxonomy will enable the financial sector to classify green activities within their portfolios, facilitate monitoring of credit and investment flows into the green sector, and prevent greenwashing.
January 21, 2022The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.
January 18, 2022The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC's rules on network security.
December 29, 2021As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.
December 8, 2021The SEC is seeking PHP 2.6 billion over a five year period to implement sweeping digital transformation initiatives, including to upgrade existing systems.
December 7, 2021Indonesia’s OJK has launched a five year development roadmap for the country's rural banks and Sharia rural banks.
December 6, 2021OJK says banks need to prioritise digital transformation to improve their competitiveness and ensure the overall resilience of the banking sector.
November 3, 2021International Finance Corporation will help Bangladesh's FIU develop e-KYC infrastructure to advance digital transformation and financial inclusion.
November 1, 2021FSC chairman Koh Seungbeom said the entry of tech giants into financial services has added fuel to market competition.
October 31, 2021The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.
October 28, 2021