Financial Technology

OCBC enables instant SME account opening
3 Oct 18
It has tapped on data repository MyInfo.
Hong Kong digital banking startup Neat raised $2m to boost hiring
19 Sep 18
It aims to bolster onboarding for its mobile banking solution.
Hang Seng Bank enhances capabilities of AI-powered chatbot
13 Sep 18
‘HARO’ can now help customers manage their personal finances.
RHB Bank unveils mobile banking app for business clients
7 Sep 18
‘RHB REFLEX’ arms its users with flexible cash flow management capabilities.
Indonesia's mid-sized banks struggle against digital dominance of state lenders
5 Sep 18
Top players are accounting for the lion's share of e-banking fees.
Standard Chartered Hong Kong sets up new entity to support virtual bank ambitions
31 Aug 18
Deniz Güven has been appointed as its CEO.
Standard Chartered to pilot blockchain-powered smart guarantees for trade finance
30 Aug 18
The bank aims to digitise the previously paper-intensive process.
Singapore inks deal with Dubai to bolster fintech ties
30 Aug 18
They will implement joint projects involving digital and mobile payments and blockchain.
Bank of East Asia's half-year profit surges 25.9% to $3.99b
30 Aug 18
Earnings were boosted by net fee and commission income growth.
Will Singapore banks' digital home loans rattle incumbent proptechs?
28 Aug 18
OCBC has already scored $200m worth of home loans from its digital solution.
UOB unveils machine learning solution to combat financial crime
24 Aug 18
It has tapped on regtech startup Tookitaki for its Anti-Money Laundering Suite.
OCBC rolls out robo-investment service
23 Aug 18
It has an initial investment amount of $3,500.
Tech firms may soon be allowed to own internet-only banks in South Korea
23 Aug 18
A bill is paving the way for tech firms to be the largest shareholders.
Japan's mega banks embrace robots to cut costs
23 Aug 18
Sumitomo is turning to RPA to cut workloads equivalent to 4,000 employees.
Thailand moves forward in wholesale digital currency development plan
22 Aug 18
The first phase will be completed by Q1 2019.
Shinhan Bank ties up with telco provider for blockchain platform
14 Aug 18
The move aims to capitalise on the government’s digital voucher efforts.
UOB unveils digital business solutions for SMEs
14 Aug 18
Businesses can soon gain real-time overview of their operations.
Nearly half of Singapore fintech funding are $10m and above in H1
10 Aug 18
This bucks the trend that startups are only receiving seed funding.
Singapore nabbed Asia's fintech crown from Hong Kong in 2017
9 Aug 18
Total fintech funding hit $983.6m in 2017 versus Hong Kong's $596.8m.
Krungsri taps on IBM for digital transformation
7 Aug 18
The deal is worth $140m.
UOB unveils plans to launch ASEAN digital bank
3 Aug 18
It will tap on mobile-first and mobile-only customers.
Citibank Hong Kong boosts API ecosystem with three new partnerships
30 Jul 18
Watsons, EGL Tours and Fortress will integrate Citi Pay with Points API into their platforms.
Is branch banking still relevant as Singapore lenders migrate their services online?
30 Jul 18
The branch-lite push could result in lower office space demand.
Over 60 applicants scramble for a Hong Kong virtual banking license
30 Jul 18
This includes Standard Chartered Bank and online loan platform WeLab.
Open banking loses steam in Australia with 3 in 5 consumers hesitant to share data
30 Jul 18
Consumers remain wary of banks in light of the damaging inquiry.
China and India to intensify fintech oversight as risks mount
26 Jul 18
Fitch believes that the possibility of disruption is higher in these markets.
Singaporeans ditch bank visits to go mobile
25 Jul 18
Mobile banking usage has now overtaken branch visits by 15%.
OCBC to slash bank teller jobs by half as it digitises branch operations
23 Jul 18
The bank has set aside $14m for the deployment of the new ATMs.
Hong Kong launches Open API framework for banks
20 Jul 18
The central bank hopes that lenders start deploying open APIs within six months.
Steep capital requirements may hit Asian banks holding crypto assets
18 Jul 18
Regulators are eyeing the same set of capital guidelines used for conventional assets.
Hong Kong to launch blockchain-powered trade finance platform in September
18 Jul 18
This involves the participation of the central bank and seven other lenders.
7 in 10 Indonesian banks threatened by ride-hailing firm Go-Jek
17 Jul 18
The app’s wide payment capabilities poses a risk to conventional banks.
Philippine banks explore blockchain for payment and remittance services
16 Jul 18
The central bank approved a pilot project creating a real-time remittance corridor.
How can Hong Kong banks reconcile third party data sharing with cybersecurity?
5 Jul 18
Banks need robust cyber resilience strategies to plug risks.
Indian court affirms ruling banning bank dealings in virtual currencies
4 Jul 18
The regulator gave banks three months to cease all crypto operations.
Philippine banks embrace digitalisation to fuel expansion plans
3 Jul 18
Lenders are shunning inorganic growth via M&As.
All-digital bank to launch in Australia as big four reel from scandal
3 Jul 18
Startup 86 400 will launch in early 2019.
Hang Seng Bank to use fintech in credit risk assessment by Q4
3 Jul 18
Fintech and big data will be used in assessing loan applications.
Indian banks embrace AI to drive costs down
2 Jul 18
SBI has deployed a virtual assistant to resolve customer queries.
CIMB Singapore debuts online application for SGD fixed deposits
2 Jul 18
It will offer promotional rates for the deposits until 31 July.

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Events Calendar

Oct 22
SIBOS 2018
International Convention Centre (ICC) Sydney
Oct 30
Efma Retail Banking Summit in Asia 2018
Singapore
Nov 12
Singapore FinTech Festival 2018
Singapore Expo
Nov 14
Money20/20 China
Hangzhou International Expo Center, Hangzhou, China
Nov 27
ABF Digital & Open Banking Conference 2018, Hong Kong
Hotel ICON, 17 Science Museum Rd, Tsim Sha Tsui, Hong Kong
Dec 04
ABF Priority Banking & Wealth Management Conference 2018
Shangri-La Hotel, Singapore