Financial Technology
Hong Kong banks loan growth rebounds 5.2% in November
Hong Kong banks loan growth rebounds 5.2% in November
Business sentiment recovered mildly as corporates ramped up borrowing.
Hong Kong's open banking movement lures interest beyond retail
SMEs and corporates also acknowledge the merits of the pivot.
British challenger bank Revolut receives green light to expand to Singapore and Japan
It will launch in APAC in Q1 2019.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
Australia's Westpac launches Singapore innovation lab
co.lab will help Australian fintechs crack the Asian market.
Hong Kong's Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Singapore fintechs give China a run for its money
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
Three of the top five in KPMG's Fintech100 were nabbed by Chinese firms.
Ride hailing firm Grab inks prepaid card partnership with Mastercard
Customers can transact and top up their prepaid cards through any drivers and merchants.
OCBC enables instant SME account opening
It has tapped on data repository MyInfo.
Hong Kong digital banking startup Neat raised $2m to boost hiring
It aims to bolster onboarding for its mobile banking solution.
Hang Seng Bank enhances capabilities of AI-powered chatbot
‘HARO’ can now help customers manage their personal finances.
Indonesia's mid-sized banks struggle against digital dominance of state lenders
Top players are accounting for the lion's share of e-banking fees.
Standard Chartered to pilot blockchain-powered smart guarantees for trade finance
The bank aims to digitise the previously paper-intensive process.
Singapore inks deal with Dubai to bolster fintech ties
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
Earnings were boosted by net fee and commission income growth.
Will Singapore banks' digital home loans rattle incumbent proptechs?
OCBC has already scored $200m worth of home loans from its digital solution.
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