Banking Technology
700 banks to join Japan's nationwide smartphone payment service
700 banks to join Japan's nationwide smartphone payment service
It will launch in October which coincides with the October consumption tax hike.
KEB Hana kicks off mobile banking service in Vietnam
It will allow immediate cash wiring through a one-time passcode upon user's request.
Korean virtual banks succumb to net losses for two straight years
K Bank and Kakao Bank saw a combined net loss of $78m in 2018.
Payment apps make headway in cash-heavy Japan
Fintech firm PayPay is setting aside $91m of reward points to incentivise usage.
Malaysia targets web-only bank license rules by end-2019
The central bank had preliminary talks with internet-only bank operators overseas.
Hong Kong grants first batch of virtual banking licences
The licenses were awarded to Livi VB, SC Digital Solutions and ZhongAn Virtual Finance.
Citi targets 30% growth of APAC wealth management clients in 2019
The bank is tagetting 30% growth of Citigold clients in China.
Standard Chartered Taiwan to inject $16.2m in upcoming web-only Line Bank
Line Bank will compete with web-only bank hopefuls as only two licences will be granted by Taiwan.
Philippine banks eye launch of digital ID registry in 2019
The registry will use blockchain technology for transactions and client identity.
Weekly Global News Wrap Up: Goldman-Apple deal targets mass market amidst shrinking trading revenue; Citigroup joins consumer payments battle
And here’s why banks and Silicon Valley fintechs clash over consumers’ data.
67% of APAC ultra-wealthy investors still seek human advisors
A study suggested that over-digitalisation could alienate investors.
Hang Seng Bank takes the lead in shaping a seamless customer experience with BERI and One Collect
The bank’s key focus will be on harnessing the power of fintech to bring more breakthroughs in digital services and channels.
Hong Kong consumers more willing to share data than UK and Germany: survey
Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.
Three's a crowd: Shinhan and fintech unicorn Viva Republica leap into Korea's internet-only banking race
The partnership will have immediate access to 11 million users of e-payment app Toss.
OCBC Pay Anyone joins order-ahead app Waitrr
OCBC’s app will automatically launch once customers select their meals.
Thailand Post unveils self-service kiosks in rural areas
It will also launch its withdrawal services by Q2.
Banks struggle with millenials' use of messaging apps
2 in 5 APAC millennials contact their RMs through chat application in Q2 2018.
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Navigating liquidity challenges for VCs in Asia Pacific
Show, don’t tell: Asian banks need to prove simplification works – here’s how