Financial Technology

Alibaba-backed online lender MYBank opens up tech solutions to other banks
22 Jun 18
The company is similarly boosting the digital transformation of other banks.
Japanese banks speed up cashless push before 2020 Olympics
22 Jun 18
Mizuho, MUFG Bank and Sumitomo have agreed to unify QR code specifications.
Korean banks to launch blockchain ID verification programme
21 Jun 18
‘BankSign’ will be officially rolled out in July.
RCBC to roll out blockchain remittance service in Japan
21 Jun 18
The move aims to cater to the overseas Filipino workers in the country.
Hang Seng Bank onboards SWIFT platform for faster cross-border payments
20 Jun 18
Payments can be credited within minutes.
Australia intensifies oversight over fintech lending
18 Jun 18
Moody’s lauds the move as a welcome development to improve transparency.
DBS rolls out virtual bank recruiter
18 Jun 18
‘Jim’ can save up to 40 hours monthly otherwise spent on manual processing.
SmartStream: Bringing efficiency and next-level technology to financial regulatory compliance
18 Jun 18
“How do you achieve operational efficiency in a leaner model?” is the question banks seek to answer.
E-wallets to snap up 6% of Philippine payments by 2022
18 Jun 18
However, the country is still miles behind China and India.
Hong Leong Bank's mobile game scores eager following
15 Jun 18
It is amongst the top trending arcade games on Google Play Store.
Two in five Malaysians open to sharing bank data
15 Jun 18
However, privacy and security concerns still mar open banking adoption.
Standard Chartered to apply for virtual bank license in Hong Kong
11 Jun 18
The move follows the publication of revised guidelines by the central bank.
Chinese fintech companies are tapping on Asia's unbanked
11 Jun 18
Indonesia and other Southeast Asian markets are the target markets.
Thailand is developing its digital currency for interbank transactions
8 Jun 18
‘Project Inthanon’ could accelerate transaction and validation processes.
Asian banks urged to embrace fintech to slash compliance costs
8 Jun 18
Facial recognition tech might be useful to combat money laundering attempts.
Ten Chinese banks onboard SWIFT gpi for faster cross-border payments
6 Jun 18
Three of the country’s Big 4 lenders are already live on the payments initiative.
Hong Kong publishes guidelines for virtual banks in Smart Banking push
31 May 18
The central bank is aiming to award licenses towards the end of the year.
Singapore beats Hong Kong in open banking readiness
31 May 18
Strong regulatory support from MAS buoyed the lion city to score the APAC crown.
Shanghai Pudong Development Bank taps on Ant Financial for digitisation programme
30 May 18
The bank will leverage the firm’s tech expertise in AI, supply chain finance and biometric identification.
Philippine banks link up to pilot blockchain for retail payments
30 May 18
A major lender is connecting with rural banks in the Southern area of the country.
Japanese regional banks form fintech joint venture in bid for survival
29 May 18
Seven lenders will take a stake of little over 14% in the JV.
ICBC (Asia) ramps up digital investments for cross-border finance
28 May 18
The bank has tapped on Huawei for its growing IT infrastructure needs.
MUFG to roll out blockchain-powered payments platform
25 May 18
The platform can process a million transactions per second.
Bank of Ayudhya pilots successful blockchain cross-border fund transfer from Thailand to Singapore
25 May 18
The transaction was made on the Krungsri Blockchain Interledger.
China's payment giants try to conquer Asia's banking scene
25 May 18
Alipay's aggresive Southeast Asian foray is making banks nervous.
China Everbright Bank taps on Alibaba's Ant Financial for fintech programme
24 May 18
The tech firm will help the bank develop cloud platforms and AI applications.
OCBC to roll out fingerprint-based credit card payments
23 May 18
This eliminates the need for multiple payment devices.
DBS ramps up digital investments to outbid China's non-bank fintech giants
17 May 18
The Singapore lender has invested about $3.5b to upgrade its technological infrastructure.
Fintech loan platform pushes to be Hong Kong's first licensed virtual bank
16 May 18
WeLab is backed by financial heavyweights like Alibaba and IFC.
Hang Seng Bank rolls out AI chatbot for business banking
15 May 18
The virtual assistant BERI will be available on the bank’s website and mobile app.
Indonesia eyes tighter fintech regulations to curb loan shark activity
14 May 18
Fintech firms will be compelled to be registered with authorities.
China Construction Bank unveils Shanghai branch fully managed by robots
11 May 18
AI, facial, and voice recognition tech power the self-service branch in Huangpu district.
Hong Kong banks authorised to apply fintech in credit assessment
10 May 18
Instead of collecting income proof, banks may use big data and other fintech.
UOB to offer cloud-based solutions for SMEs
9 May 18
UOB BizSmart can help businesses automate administrative processes.
Fintech patent application streamlined in Singapore
27 Apr 18
Applicants need to furnish a “Fast Track” document to be recognised as fintech.
Singapore and Vietnam tie up for fintech cooperation
26 Apr 18
Additionally, the two countries also revised a partnership on banking supervision.
The evolving digitalisation of wealth management
18 Apr 18
With the constantly changing technology and client behaviour, the WM sector must digitally keep up.
APAC's bancassurers turn to blockchain to enhance offerings
18 Apr 18
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
Asia beats Europe in developing new payments technologies
18 Apr 18
The region has attracted more fintech investments than North America and Europe.
Singapore inks fintech collaboration deal with Japan
29 Mar 18
It will promote Singapore as a preferred business destination for Japanese fintech and vice versa.

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ABF Wholesale Banking Awards 2018
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