04/27/2016

DBS launches India's first mobile-only bank

Customer authentication is done purely using the Aadhaar card, a biometrics-enabled ID which has been issued to over one billion Indians - the world's largest biometric identification programme - the bank said.

04/24/2016

Fintech won't replace banks, says OCBC group chief

Fintech firms will make inroads in segments of banking that require less trust, but banks will still have the upper hand when it comes to the customer’s trust, he noted, adding that OCBC is not about to invest in financial technology firms just to m

04/22/2016

Maybank Private Wealth goes live on Avaloq Banking Suite

The deal involves the introduction of a fully integrated solution for the Maybank’s Singapore-based regional wealth management business, and is in line Maybank’s ongoing drive to expand its digital footprint in the region.

04/20/2016

Global FinTechs take on Big Four in new Australian frontier

The government is supportive: it wants to develop Sydney as a FinTech hub similar to the Silicon Valley and has announced tax breaks for early-stage investments as well as a visa scheme for entrepreneurs to attract talent.

04/18/2016

Would you trust a robot with your finances?

Interest has spiked in so-called robo-advice, where people have financial plans tailored for them by computers instead of advisers, after Macquarie Bank’s cut-price offering allowed people to experiment with the technology for as little as $100.