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Open Banking Makes Inroads in Vietnam | Fintech Singapore


 
In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape.
So far, at least two local banks have launched developer portals and are today providing open APIs this includes: Asia Commercial Joint Stock Bank (ACB); and Orient Commercial Joint Stock Bank (OCB), which launched its open banking platform in January 2020.
Saigon Commercial Bank (SBC) have shared plans to implement open banking practices, while Techcombank recently hosted a webinar to educate professionals on the merits of open banking.
Data from the State Bank of Vietnam (SBV) shows that 94% of banks in Vietnam have initially implemented or been researching and developing a digital transformation strategy, of which 35% of banks are implementing a digital transformation strategy. ....

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Lord Speaker today launched first ever Parliamentary Reporters' Handbook for the media


Lord Speaker today launched first ever Parliamentary Reporters’ Handbook for the media
THE Speaker of the Legislative Assembly Lord Fakafanua today launched the first ever Parliamentary Reporters’ Handbook for the Tongan media.
In addressing the gathering the Lord Speaker said that Parliament and the Media in Tonga share a mutual symbiotic relationship; one where the Assembly relies on the media to deliver their messages, opinions, and decisions to the public. This is while the media closely follows and scrutinizes the work of MPs.
The freedom of the press is guaranteed under clause 7 of the Tongan Constitution. Lord Fakafanua said in practice this fundamental right is still subject to limitations imposed by the Constitution, statutes, parliamentary privileges, legal precedents, and licensing conditions. ....

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