09/04/2019
Four Japanese Banks Invest in Ripple-powered SBI App
xCurrent can handle fiat and cryptocurrencies, including Ripple’s XRP cryptocurrency.
FinTech
09/04/2019
HSBC Completes First Blockchain Letter of Credit Transaction in Yuan
The blockchain platform ostensibly enabled the parties to exchange electronic documents in 24 hours instead of the regular five to 10 days required for traditional document exchanges.
09/04/2019
B-North selects Mambu for core banking
This new platform will allow B-North to process loans at speed and deliver a highly efficient, “minimum hassle” service to its SME customers.
09/04/2019
London-Based Open Banking Platform Raises US$ 10 Million, Expands to Singapore
Railsbank’s new office in Singapore will act as a gateway in Southeast Asia and beyond.
09/03/2019
Maybank Kim Eng selects Iress
Iress, an ASX-listed, global provider of software to the financial services industry, has offices in Singapore and has been working with clients across Asia since 2010.
09/03/2019
Paytm Money to invest INR 2.5 bn to expand its Wealth Management business.
The company has got required regulatory approvals for the same and has elevated its whole-time Director Pravin Jadhav to Managing Director and Chief Executive Officer.
09/03/2019
DBS launches hybrid robo-advisor
The only bank in Singapore to provide an inhouse robo investment solution; also makes available a portfolio of SGX-listed ETFs to investors for the first time
09/03/2019
South Korean banking giants form ‘Technology and Service Alliance’ with blockchain firms: Report
The project sees participation from 14 domestic banks including Shinhan, Woori, KB Kookmin Bank, and KEB Hana, among others.
09/02/2019
Explainer: What’s the big deal about digital banks?
Digital full banks will be allowed to take deposits from retail customers, while digital wholesale banks will generally cater to small- and medium-sized enterprises and other non-retail segments.
09/01/2019
MAS Invites Applications for New Digital Bank Licences
This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS
08/30/2019
Singaporeans may show reluctance towards digital only banks
Most of the banks here [Singapore] are more traditional but they have a digital branch, they are not digital wholesale banks.
08/29/2019
Standard Bank becomes first African bank to join the global blockchain-based Marco Polo Network
Standard Bank is constantly looking for ways to provide best-in-class trade finance products to our customers
08/29/2019
Bank of China revamps lodgement process to boost broker access
“They consulted with us about which levers to pull to embrace the third-party market and provide efficient acquisition of home loans.”
08/28/2019
China’s CITIC Capital backs $33.8m funding in Japanese e-commerce firm Reclo
Reclo allows owners of luxury brands to resell the items online via its platform.
08/27/2019
Switzerland Approves Crypto Banks Sygnum and Seba Crypo
The move represents the burgeoning blockchain industry crashing into the traditional banking industry.
08/26/2019
Labuan FSA Grants the First Digital Bank Approval
This will not only drive FinTech and innovations but also bring about new customer experiences and enhanced convenience through faster and more personalised services offered by the bank.
08/26/2019
Alibaba-backed Chinese A.I. firm Megvii files for Hong Kong IPO
Facial recognition is a key part of China’s drive to become a world leader in AI technology by 2030,
08/26/2019
Trends: Digital-only banks expected to gain traction in Asia-Pacific
Regulators in Hong Kong, Singapore and, more recently, Malaysia are at various stages of drafting relevant regulations and approval processes.
08/26/2019
Will Blockchain kill banking as we know it?
This includes the drastic measures of negative interest rates, a move that aims to force individuals to spend more and banks to lend more.
08/25/2019
Bravura Wealth Management revenue up 14pc
Wealth Management FY19 EBITDA increased 17% to A$53.9m (A$46.2m in FY18).