Banking Technology
UOB and KrisFlyer launch credit card and savings account to target frequent fliers
UOB and KrisFlyer launch credit card and savings account to target frequent fliers
The card can be combined with a savings account to earn miles.
RHB sets sights on one million mobile banking users by 2019 in mobile app launch
The bank also hopes to boost digital transaction volumes to over 80% by 2022.
Citi launches biometric authentication for APAC institutional clients
The solution eliminates the need for an app-based digital token.
Chart of the Week: AI business value for APAC banks to hit $98b by 2030
China, Japan, South Korea and Singapore will drive demand over the next 10 years.
New licensing rules may wipe out P2P lending in China
Stricter requirements may leave just 100 surviving players out of over 1,000.
Standard Chartered enhances corporate offering for digital collection
Straight2Bank Pay aims to simplify the collection process.
3 in 5 Singaporeans willing to share data for cheaper banking products
Users are willing to share data on their income, location and lifestyle habits.
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.
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Monitor Deloitte's Prashant Krishnan urged banks to transform their relationship models to meet these demands.
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