Banking Technology
Malaysia rides on Asia's virtual banking drive
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.
Chart of the Week: Korean virtual banks still struggling to crack the profitability code
ROAA is still relatively low at -0.9% in December 2018.
Weekly Global News Wrap Up: Deutsche Bank reportedly eyeing to cut 20,000 jobs: EU banks short of $153b to meet capital requirements by 2027
and Austrian banks survive government's staged cyberattacks.
Singapore's fintech adoption rate almost tripled to 67% in two years: study
It is ahead of the APAC average adoption rate of 64%.
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.
Japanese lenders team up with global banks for blockchain-based digital coin
It will be used to speed up overseas money transfers.
Open banking could uplift Australian banks
The big four banks will be required to make data available for transactions by February 2020.
Thailand eyes integrating biometrics into account openings by Q3
Exits for the trial period of the service could start in Q3 2018.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks