Financial Technology
Two digital banks in every APAC market to challenge incumbents: study
Need for new capabilities to push bank-fintech collaborations in the region.
Two digital banks in every APAC market to challenge incumbents: study
Need for new capabilities to push bank-fintech collaborations in the region.
Chinese fintechs must meet capital requirements within two years: CBIRC
Regulators have set various grace periods for different platforms.
Weekly Global News Wrap: Banks scramble with bitcoin as adoption soars; Amex probed for small consumer cards sales
And Germany's Commerzbank sinks into red with $3.3b Q4 loss.
Ant Group may resume IPOs once problems resolved: report
PBOC is still investigating monopolies in the fintech company.
No ‘one-size-fits-all' for mobile bank TMRW
UOB’s mobile-only bank makes use of personalization to attract Thailand, Indonesia’s tech-savvy generation.
Thailand's KBank, Central JD Fintech launch one-stop digital loan app
They expect around 100,000 loan applications to be approved by 2021.
Malaysia's Instapay Technologies, Onfido partner for ID verification
Instapay users can now sign up through a selfie.
Weekly Global News Wrap: UK fintechs brace for no-deal Brexit; Societe Generale to cut 640 jobs in France
And Deutsche Bank to sell IT services division to India's Tata Consultancy.
How Spenmo helps businesses secure direct loans
The platform also allows merchants to effectively manage expenses.
Weekly Global News Wrap: Revolut to apply for US bank licence; G7 to block Facebook's Libra
And Credit Suisse hires former Bank of America investment banking head.
Bank of Korea plans test-run circulation of digital currency in 2021
It will launch a pilot program to study the potential introduction of a new cryptocurrency.
Contactless payments shift to overdrive as APAC locks down
Individuals and businesses scramble to adapt, but pitfalls remain.
Weekly Global News Wrap: Money transmitters, crypto firms gain from new US rules; Credit Suisse to launch digital app
And Danske Bank admits it has known about erroneous debt for years.
Azimo partners with Alipay to offer instant money transfer to China
Customers can now send money directly to a bank account linked to the recipient’s Alipay ID.
Mastercard leads alliance for wholesale, retail digital supply chain
This will increase digital data available to assess creditworthiness.
Tokyo government unveils free consultation services for foreign financial firms
Asset management and fintechs with no registered office in Japan may apply.
Razer Fintech's total payment volume doubled to $1.8b in H1
It was boosted by online shopping and higher digital entertainment consumption.
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1. DBS CEO Piyush Gupta sells S$2.69m bank shares 2. Why tech is not the focal point of banks’ digital transformations 3. OCBC remains stable amidst strong credit fundamentals: Moody's 4. DBS names Ping An Tech’s Eugene Huang as bank CIO 5. UOB to maintain good asset quality amidst profitability dipAwards
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Generative AI’s role in the evolution of banking
Beyond the Hype: Building Trust in Generative AI for a Secure Financial Future