Financial Technology
Internet banking transactions in Korea hit record high in 2018
Internet banking transactions in Korea hit record high in 2018
The number of transactions broke the 100-million mark for the first time.
Ping An's fintech unit mulls Singapore virtual banking license
OneConnect received a virtual banking license in Hong Kong earlier this year.
Citi API connectivity platform hits over 150 million API calls
The bank has also moved over $26b for clients using a set of over 50 unique APIs.
MAS opens applications for new digital bank licences
Interested parties have until 31 December to submit applications.
How Singapore fintech Cashwagon serves Asia's underbanked
In July, Cashwagon launched a cash pick-up option in the Philippines.
P2P money transfers take off in underbanked Myanmar
Market leader Wave Money has amassed around 7 million subscribers.
Singapore fintech funding nearly quadrupled to US$453m in first six months of 2019
The number of deals surged 55% to 48.
Chart of the Week: Korea's internet-only banks still sparring for market share
The two players only account for 0.6% of the loan market in Q1.
Why you shouldn't miss the ABF Digital & Open Banking Conference
Top executives from Standard Chartered, Revolut and EY will attend the prestigious event.
UnionBank's UBX Philippines ties up with Ping An to build blockchain-enabled platform for MSMEs
It will cover various services such as multi-channel loan applications, credit assessment, and loan disbursements.
Virtual banks may only account for less than 1% of Singapore loan market by 2022
Retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.
How GoBear makes financial comparison easy for the everyday consumer
Its platform matches users with financial products like insurance, credit cards, and trade finance.
Singapore's fintech invasion has no end in sight
About 43% of fintechs in Southeast Asia choose Singapore as their home amidst strengthening growth prospects.
Here's where alternative lending thrives in Asia
The land of GoPay and OVO is no man’s land for banks.
Korea rejects two web-only bank applicants
It cited lack of innovation and concerns over governance and financing.
Crowdfunding flourishes in Malaysia as banks reject loan applications
Equity crowdfunding and P2P platforms have raised $84m for small businesses so far.
Citi Ventures to offer experiential learning in fintech to Singapore students
The 15-week programme at SMU will launch in January 2020.
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