The Islamic Development Bank and the International Islamic Trade Finance Corporation have signed an agency agreement to facilitate the implementation of COVID-19 Restore Program.    The program will be implemented through provision of trade finance and line of finance operations in member countries.   The agreement also aims to further

The Central Bank of Bahrain has announced the launch of eKYC by financial institutions in the Kingdom as part of its initiatives for digital transformation in the sector.   Bahrain’s eKYC platform provides a national digital identity database for financial institutions to securely verify the identities of their customers, validate

The Monetary Authority of Singapore has issued revised Technology Risk Management Guidelines (Guidelines).   Intended to keep pace with emerging technologies and shifts in the cyber threat landscape, the Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial institutions (FIs) of cloud technologies,

The Hong Kong Institute for Monetary and Financial Research has published a report on Fintech penetration in Hong Kong.   Titled “Fintech Adoption and Innovation in the Hong Kong Banking Industry,” the report explores the current landscape of Fintech development in the Hong Kong banking industry and how banks view

In November 2019, the Monetary Authority of Singapore (MAS) issued a consultation paper on proposed regulatory approach under the Securities and Futures Act (SFA) for derivatives contracts that reference payment tokens as underlying assets.   Following stakeholders’ comments, the regulator has now published its feedback.   On the proposal to