Banking Technology
Weekly Global News Wrap: Goldman Sachs launches online bank app; Visa buys Silicon Valley startup Plaid for $5.3b
Weekly Global News Wrap: Goldman Sachs launches online bank app; Visa buys Silicon Valley startup Plaid for $5.3b
And Wells Fargo’s new CEO sets $1.5b for legal costs of sales scandal.
Hong Kong's ZA Bank offers 6% introductory rate for deposits: report
The virtual bank’s rate is said to have outpaced the big traditional players’ offers.
Data to determine success of Singapore digital bank aspirants
Eight publicly known applicants want to focus on the country’s underbanked segment.
Losses threaten Razer and Grab's digital banking license bids in Singapore
MAS is putting emphasis on profitability more than other regulators for the license requirements.
HSBC Singapore launches new retail banking, investment platforms
Its financial planning and tracking app will have risk and scenario analysis functions.
Obscure regulations, cybersecurity hinder adoption of open API: study
Almost two-fifths (38%) cited cybersecurity as the biggest risk.
India, China, Thailand lead APAC smart card market adoption
The global smart card market will surpass $65b by 2025.
UOB's TMRW launches biometrics for accounts opening
It will be available at all 350 authentication kiosks across Greater Bangkok.
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.
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1. Chocolate Finance to continue 3-6 day withdrawal time frame 2. OCBC CEO Helen Wong’s remuneration up 5.7% to S$12.8m in 2024 3. UOB unveils FDI Advisory Centre in South Korea 4. Trust Bank introduces money lock feature with digital unlocking capabilities 5. Singapore places fourth for most ‘ATMs near me’ Google searchesResource Center
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