The Bangko Sentral ng Pilipinas will upgrade its National Strategy for Financial Inclusion ensuring it remains a flexible framework for fostering financial inclusion across the country.
Digital banking has accelerated in Vietnam and changed customer behaviours. A recent report shows that 87% of local banking customers note the importance of online and digital banking services in financial institutions.
To address cyber security issues in the finance sector, the Financial Services Authority is urging banks to enhance their information technology governance and risk management.
Online shopping went up 50% compared to 2020, while online stores rose by 40% year-on-year, resulting in a 1.5-fold increase in total online retail sales nationwide; the country will have 53 million digital consumers by 2021-end.
A memorandum of understanding was signed between the Central Banks of Indonesia and UAE in order to strengthen payment system cooperation, combat money laundering and prevent the financing of terrorism.
The Department of Finance has recently introduced a series of innovative initiatives aimed at facilitating online trade and making tax exemption filing more convenient.
India plans to allow the country’s central bank to launch an official digital currency and move a bill to prohibit all private cryptocurrencies except those that promote the underlying technology of cryptocurrency.
The Financial Services Authority is urging the finance sector to promote the development of a digital ecosystem to facilitate the rapid growth of digital commercial and financial activity.
OpenGov TV Speaker Panel – Open Banking
Part 2 of our OpenGov TV Speaker Panel series with OneConnect. Listen to experts talk about Open Banking and how it can impact the banking world!