Banking Technology
OCBC Pay Anyone joins order-ahead app Waitrr
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.
Neih hou ma: Standard Chartered Hong Kong's new chatbox understands Cantonese
Stacy is available on mobile app and in StanChart's website.
Korean banks' employee numbers drop 9.2% in 2018
The rise of mobile and online banking meant less branch staff.
Japan banks bid goodbye to centuries-old tech in paperless shift
Hanko or personal stamps are being phased out.
Krungsri Bank unveils facial recognition technology for deposit account opening
It plans to expand the tech to customers opening passbooks via mobile app by Q2 2019.
OCBC Bank launches token feature on their app
The rollout started in Singapore last month.
Philippine banks embrace real-time electronic fund transfer system
Both Instapay and Pesonet have seen banks grow to 47 and 42 respectively.
Japanese regional banks jump in on cashless payment initiative
J-Coin enables transactions without the need to install readers.
UOB launches its first digital bank in Thailand
‘TMRW’ does not have a traditional app menu as it claims to learn a user’s preference over time.
Online banking scams in Hong Kong rose threefold in 2018
There were 62 cases of phishing last year.
South Korea braces for third internet-only bank
Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.
APAC banks feel left behind by Western peers in AI: survey
Two in five believe that lack of available talent is holding them back.
11 Indian banks to launch blockchain-linked fund for SMEs
YES Bank and Kotak Mahindra Bank are some of the member lenders.
South Korea has no plans to issue a digital currency soon
The central bank said there is no immediate need to introduce such currency.
WeChat and AliPay still no-go in Indonesia
Bank Cental Asia and CIMB Niaga are still completing the necessary documents.
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance