Banking Technology

Korean banks forge consortium to develop blockchain-based mobile identification

It will allow individuals to store key personal information needed for online transactions.

Malaysia rides on Asia's virtual banking drive

Potential web-only players could target both the unbanked and the affluent segment.

Citi launches payment outlier detection service

It uses advanced analytics, AI and machine learning to detect irregularities.

Korea resumes applications for third internet-only bank

Rejected applicants Toss Bank and Kiwoom Securities are welcome to re-apply.

Philippine banks boost tech in push for financial inclusion

Lenders are offering digital loans for farmers, a 10-minute paperless account opening process, and money transfers through mobile numbers.

Malaysia and Indonesia go head-to-head on Islamic banking digitisation

Malaysian Islamic banks could lean on their parent groups cashing in to boost digital drive.

Singapore joins digital banking race with five licenses up for grabs

The five licenses are split into two full digital and three wholesale.

ICBC's Jimmy Chan to outline the threats and opportunities of open API

Competition and cooperation will shape the interaction between incumbents and TSPs.

Korea's virtual banks still struggle to find footing

Lenders grapple with low profitability and limited capital two years since they kicked off. After two years since their debut, Korean virtual lenders...

New Hong Kong virtual banking licenses spur demand for data jobs

The hottest roles will include data scientists, UI engineers, and full stack developers.

Taiwan embraces facial recognition in online banking

Taishin Bank will utilise the technology for clients with iPhone X by Q3.

Korea banks on big data infrastructure

It will create a financial data exchange for financial players in the country.