The BOT said it will communicate "clear action plans" in April and establish working groups to drive the open banking initiative forward.
March 6, 2024Open banking services will be extended to business accounts and provided through offline channels.
February 23, 2024The third phase of open banking covers transactions involving deposits, credit cards, loans, payments and mobile phones.
January 18, 2024The revision proposal will establish "reasonable" standards for pricing data transfer costs and allow data specialising institutions to provide consulting services.
December 11, 2023The BOT will create common standards, an accreditation process, and a consent-based mechanism to allow financial service providers to share consumer data.
December 5, 2023The CFPB says the proposed rule would allow consumers to "break up" with banks that provide bad service and forbid companies from misusing personal financial data.
October 23, 2023The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.
August 31, 2023The first roadmap issued in 2020 has helped to shape a "friendly" fintech ecosystem and improve financial services, the FSC said.
August 17, 2023The pilot involves participation from FIs to co-develop an "open, interoperable, and scalable ecosystem", supported by the BSP and IFC.
June 23, 2023The new online platform allows existing borrowers to search for and switch to more favourable loan deals.
June 1, 2023