Banking Technology

Hong Kong virtual banks to make up 2-3% of total deposits by 2020: report

They are expected to attract “tens and thousands of customers" each.

EPAA signs MOU to promote financial marketplace platform

It enables financial institutions and fintechs to interact and collaborate at a lower cost.

China's Ant Financial eyes virtual banking licence in Singapore

It has not disclosed if it will seek a retail or wholesale licence.

DBS adapts AI-powered bank screening process

The system will conduct automated risk assessment of clients, investments, and transactions.

The machine learning challenge: Why does it matter to banks in Singapore?

Understanding the intricacies of global best practices and adapting to it will set machine learning (ML) on a successful course; highly skilled...

China may launch digital currency in 2-3 months

They already have a system and network ready.

Weekly Global News Wrap: HSBC and RBS gears up digital banking platforms; Former bankers from Deutsche, Nomura fined $162m

And Deutsche Bank AG top officials worry that its new senior hire may not be up to the task.

South Korea launches digital open banking service

Users may access all local bank accounts through their own mobile banking apps.

UOB launches digital finance management service

Customers can track the state of their finances, chase refunds, and monitor subscriptions.

AML due diligence: Tracking the good, the bad before it turns ugly

As the ways and means of hiding dirty money rise, banks, MAS and law enforcement must keep up.

Singapore seeks to be Southeast Asia's virtual bank and fintech hub

It seeks to tap into a digital channels market which could be worth $110b by 2025.

Siam Commercial Bank launches cross-border QR payments in Singapore and Thailand

Singapore merchants can offer promotions and deals through the SCB Easy app.

Job-hopping banking tech talents in Singapore could command up to 15% raise

They are in hot demand as the city prepares to grant virtual bank licenses.

Krungthai Bank's Arapat Sangkharat to join ABF Digital & Open Banking Conference 2019

He will share how banks can execute their digital transformation agendas.

BCG's Anand Chawra shares the secret to riding the open banking wave

He says incumbents have to resist jumping into copycat initiatives.

Hear from EY's Chris Lim at ABF Digital & Open Banking Conference 2019

Ernst & Young’s advisory partner will discuss how trust will look like in the digital age.