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Thailand: Moody’s: Digital tactics to cut costs

Thai consumers’ preference for digital transactions is credit positive and demonstrates the initial success of Thai banks’ digital strategies, which should eventually allow banks to rationalise their branch networks and improve cost efficiencies, says Moody’s Investors Service. Over time, widespread use of digital banking channels also will allow banks to increase revenue by expanding their […]

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Malaysia: No ban on dealings with cryptocurrency exchangers but be extra careful in due diligence, BNM tells banks

PETALING JAYA:Â Bank Negara Malaysia (BNM) is not prohibiting banks from dealing with digital currency exchangers or businesses, but it expects them to be extra careful in their due diligence exercise in view of heightened money laundering and terrorist financing risks. The regulator stated this in a policy paper issued following a public consultation on the […]

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