All posts tagged "financial inclusion"
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266Asia-PacificBangladesh Bank Issues New CSR Guideline for Banks
Banks and FIs should spend at 20 percent of their CSR funds on the environment and climate change mitigation and adaptation, up from 10 percent previously.
January 21, 2022 -
620Big PicturePolicy Reforms Needed for Platform-based Financial Services: BIS
A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.
January 14, 2022 -
851Fintech / RegtechMAS Publishes Global CBDC Challenge 2021 Report
MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.
January 11, 2022 -
1.2KAsia-PacificMalaysia, Thailand Launch Phase 2 of QR Payments Linkage
Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.
January 3, 2022 -
638FeatureFSC Korea Sets Out Work Programme for 2022
The 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, 2021 -
1.1KAsia-PacificBank Indonesia Launches New Fast Payments System, BI-Fast
BI-Fast lowers the interbank transfer fee, set at IDR 2,500 (USD 0.18) per transaction, down from the usual IDR 6,500 fee for interbank transfers. 21 banks have so far enrolled on BI-Fast.
December 24, 2021 -
504AML / KYCHKMA Asks Banks for ‘Active Participation’ in CDI Initiative
The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.
December 24, 2021 -
422FeatureHK Associations Published Revised Code of Banking Practice
Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.
December 13, 2021 -
327Asia-PacificBSP Urges Rural Banks to Promote Financial Inclusion Through Tech
As 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, 2021 -
320Big PictureIOSCO Offers Guidance on Developing Innovation Facilitators
IOSCO sets out key considerations for regulators who are looking to establish innovation hubs, regulatory sandboxes, and regulatory accelerators.
December 8, 2021
