Banking Technology
Accelerating Indonesian microfinance with high tech and high touch
Economic inclusion can seem like a faraway goal for many, if not most, countries around the world. Achieving it would mean being able to lift people...
Singapore, US to support financial data cross-border transfer
It will be allowed as long as financial regulators have access to data.
Japan's SBI Holdings injects $20m into API software firm OpenLegacy
SBI will use the technology to establish the blockchain-based payment app MoneyTap.
Malaysian small lenders endangered by digital banks' entrance
More competition could jumpstart a build-up of debt within lower-income borrowers.
Grab, AirAsia, Razer in talks for Malaysian digital banking licence bid
Up to five licences will be granted to either conventional or Islamic banks.
TONIK ties up with Finastra to support Philippine virtual bank launch
It will launch in the country sometime in 2020.
DBS unveils QR-based B2B payments solutions
Suppliers will have the option of instantly enhancing credit terms for each invoice.
Future Ready: How can banks build a checkmate-proof IT strategy in 2020?
Heavy investments in technology will mean nothing without investing in manpower, according to experts.
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.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. How embedded finance and AI are reshaping Malaysia’s finance sector 4. DBS and OCBC expected to report lower margin in Q1 on SORA easing 5. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loansResource Center
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth