All posts tagged "Virtual Banks"
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1.5KAML / KYCMeeting New Compliance Challenges Through Digital Identity
Digital identity systems could form a significant component of the compliance infrastructures at the new digital banks in the years to come, says Refinitiv’s Phillip Malcolm.
February 27, 2020 -
520ChinaChina to Introduce New Rules for Online-only Banks – Report
The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.
January 15, 2020 -
578Asia-PacificThailand Developing Foundation for Digital Banking – Report
The efforts are aimed at developing data from non-financial sources, an electronic identification system, and a suitable regulatory framework.
January 14, 2020 -
1.4KMarket InfrastructureUPDATED – 21 Digital Bank Licence Applications Received: MAS
MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.
January 7, 2020 -
777Press ReleaseRegulation Asia: Top Ten News Stories for 2019
This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.
December 20, 2019 -
702FeatureUPDATED – ZA Bank Becomes First HK Virtual Bank to Launch Pilot Services
ZA Bank, backed by ZhongAn and Sinolink Group, has launched services for 2,000 selected users to test under the HKMA's sandbox mechanism.
December 19, 2019 -
834AML / KYCBNM Issues Draft Rules on Financial Sector Use of Electronic KYC
BNM recommends the use of AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification, and to automate decision-making in customer onboarding.
December 17, 2019 -
1.0KFeatureHKMA Updates Guidance on E-Banking Risk Management
The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.
October 25, 2019 -
367FeatureHong Kong Virtual Banks Likely to Delay Launch – Report
Hong Kong virtual banks are reportedly delaying plans to start promotional campaigns partly in response to city-wide protests, among other reasons.
September 18, 2019 -
620Fintech / RegtechTaiwan FSC Clarifies Rules on Virtual Bank Boards
Banks cannot have executives or board members serving concurrently as directors or supervisors at the virtual banks in which they are invested.
September 13, 2019
