Staff Reporter

UnionDigital will be a wholly-owned subsidiary of the Philippine lender.

SmartStream’s Peter Hainz and Amazon Web Services’ Anna Green shared their insights on the advantages of on-demand and highly scalable cloud environments for banks and other financial institutions, as well as the factors hindering its adoption in the region.

This August, the Asian Banking & Finance and SAP will provide insights on the evolving landscape for ESG in financial services.

Thirteen lenders noted that demand was moderately weaker than the preceding 3-month period.

Investors will likely seek signs that private lenders will be able to step up lending once COVID subsides.

It opens up new revenue models and lowers the cost-to-serve.

More banks and institutions are exploring its use for payments and cross-border transfers.

Fund injection is meant to keep banking system liquidity reasonably ample, PBOC said.

They also set a fresh record for half-year increase in household loan value.

Technology innovation is enhancing customer experience, empowering seamless customer authentication in financial services

Mastercard has not complied with data storage rules, the Reserve Bank of India said.

This is the first time that the city detected a money laundering case with cryptocurrency.

It will be used to extend foreign currency trade to local banks and businesses.

Banks' slow development of digital financial services may just give fintechs an edge.

They need to pump money into lenders before selling them if they want to make them more attractive to potential buyers, reports S&P.

And four global banks to launch a pilot platform on voluntary carbon credits.