Taiwan

The proof of concept was built on the Hedera network.

Credit card issuance also saw a surge.

Over a quarter of Taiwanese online shoppers prefer to pay via alternative payment methods.

Some measures include appointing Chief Information Security Officers.

Usage will rise to 64 uses per card per year, from 45 annual uses a card in 2022.

Ahmed has worked in Citi for over 40 years.

NPL ratio remained at 0.16%.

The bank had failed to establish proper internal control systems

The FSC also ordered the bank to suspend its president for three months.

Total outstanding loans increased to $1.19t at the end of July.

Bank SinoPac has demonstrated its digital strength to accelerate the digitisation of its customer service and internal operations.

Bottom lines are expected to remain flat in the same year.

The country signed a similar agreement with four other countries.

NPLs across the 39 domestic banks in the country totalled US$1.98b.   Taiwan banks’ average non-performing loans ratio stood at 0.16% in May, 0.05 percentage points lower than in the same month in 2021, according to data released by the Financial Supervisory Commission (FSC).   NPLs across the 39 domestic banks in Taiwan totalled US$1.98b (NT$57.58b), an increase of US$0.01b (NT$0.32b) from the $1.97b (NT$57.16b) as of end April.   Total outstanding loans across 39 domestic banks rose to $7.14b (NT$207.5b) during the same period.

The local chemicals industry has as high as 12% of B2B debt turning sour.

Regulator urges banks to treat elderly customers fairly and reasonably.