08/11/2015

Alibaba Revs Up Online Auto Business

SCMP points out that the move on the part of Alibaba and Yongda comes at a time when sales of luxury automobiles in China via traditional methods are on the decline.

08/07/2015

South Korea moves towards first online-only bank

Korea Investment, a local brokerage and asset manager, is expected to take a 50 per cent stake and is sounding out interest among the country’s four commercial lenders including Hana Bank and Shinhan Bank for the remaining stake.

08/04/2015

Bank Rakyat launches TouchStyle app

One of the features available of TouchStyle is Insights, where users can find out on which days you went overboard with your spending.

08/03/2015

Mobile banking tipped to wipe out 600 branches

The proliferation of smartphones provides banks with an unprecedented opportunity to slash overheads and boost profits and will lead to the widespread closure of branches as more customers bank on the move