Financial Technology
China and India to intensify fintech oversight as risks mount
China and India to intensify fintech oversight as risks mount
Fitch believes that the possibility of disruption is higher in these markets.
Singaporeans ditch bank visits to go mobile
Mobile banking usage has now overtaken branch visits by 15%.
OCBC to slash bank teller jobs by half as it digitises branch operations
The bank has set aside $14m for the deployment of the new ATMs.
Hong Kong launches Open API framework for banks
The central bank hopes that lenders start deploying open APIs within six months.
Steep capital requirements may hit Asian banks holding crypto assets
Regulators are eyeing the same set of capital guidelines used for conventional assets.
Hong Kong to launch blockchain-powered trade finance platform in September
This involves the participation of the central bank and seven other lenders.
7 in 10 Indonesian banks threatened by ride-hailing firm Go-Jek
The app’s wide payment capabilities poses a risk to conventional banks.
Philippine banks explore blockchain for payment and remittance services
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?
Banks need robust cyber resilience strategies to plug risks.
Indian court affirms ruling banning bank dealings in virtual currencies
The regulator gave banks three months to cease all crypto operations.
Philippine banks embrace digitalisation to fuel expansion plans
Lenders are shunning inorganic growth via M&As.
All-digital bank to launch in Australia as big four reel from scandal
Startup 86 400 will launch in early 2019.
Hang Seng Bank to use fintech in credit risk assessment by Q4
Fintech and big data will be used in assessing loan applications.
Indian banks embrace AI to drive costs down
SBI has deployed a virtual assistant to resolve customer queries.
CIMB Singapore debuts online application for SGD fixed deposits
It will offer promotional rates for the deposits until 31 July.
Citi hops aboard Hong Kong's chatbot race with planned Facebook Messenger chatbot
Customers will soon be able to check account balance via the messaging app.
Standard Chartered tapped for Alipay's blockchain cross-border remittance service
It will act as the settlement bank for AlipayHK and GCash.
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1. OCBC could distribute $460.7m in additional capital to investors 2. Finance leaders flag governance risks with fast growing fintech systems 3. Why AI governance is a key priority for financial institutions 4. Foreign institutions pursue market entry as Japan strengthens fintech rules 5. Payment leaders push for interoperability to solve SME cash flowResource Center
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