Financial Technology

South Korea braces for third internet-only bank
13 Feb 19
Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.
3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey
4 Feb 19
Around 13% even believe that fintechs deserve more trust than old-guard lenders.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
28 Jan 19
However, 22% admit that the former are less trustworthy than old-guard lenders.
Australia's lending incumbents face threat as challenger banks enter fray
24 Jan 19
Volt Bank has finally managed to nab a full banking license.
Hong Kong banks loan growth rebounds 5.2% in November
8 Jan 19
Business sentiment recovered mildly as corporates ramped up borrowing.
Kasikornbank ties up with Japan mobile chap operator Line
13 Dec 18
The bank will tap on the latter's 44 million users to grow personal loans.
Hong Kong's open banking movement lures interest beyond retail
10 Dec 18
SMEs and corporates also acknowledge the merits of the pivot.
British challenger bank Revolut receives green light to expand to Singapore and Japan
4 Dec 18
It will launch in APAC in Q1 2019.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
4 Dec 18
They will develop a remote account-opening solution.
India's mid-sized banks hop on personal lending bandwagon
19 Nov 18
Personal loan balances are expected to grow at a CAGR of 16% for 2018-2022.
Australia's Westpac launches Singapore innovation lab
14 Nov 18
co.lab will help Australian fintechs crack the Asian market.
Hong Kong's Faster Payment System processed 1.58 million transactions in October
7 Nov 18
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Singapore fintechs give China a run for its money
6 Nov 18
Ride-hailing firm Grab nabbed a place in the top five.
Sibos 2018: China and Australia put APAC on the map in global fintech league
26 Oct 18
Three of the top five in KPMG's Fintech100 were nabbed by Chinese firms.
Ride hailing firm Grab inks prepaid card partnership with Mastercard
26 Oct 18
Customers can transact and top up their prepaid cards through any drivers and merchants.
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.

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