Indonesia revamps banking rules to spur digital transformations


JAKARTA, Aug 21 (Reuters): Indonesia has revised banking regulations to push lenders to speed their digital transformations, the financial regulator said on Friday (Aug 20), as digital banking booms in South-East Asia's largest economy.

The regulations unveiled on Thursday will take effect at the end of October and set out requirements for digital banks, ranging from data protection for customers to employing executives versed in technology.

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