01/05/2020
Consortium bids to be digital full bank
A digital full bank licence will allow Beyond to serve retail customers and extend loans to individuals as well as companies.
FinTech
01/05/2020
Hong Kong Institute of Bankers Welcomes Six Digital Banks
A new milestone that supports talent development in the rapidly evolving banking sector in Hong Kong
01/03/2020
Grab and Singtel partner to apply for digital banking licence in Singapore
The core of Grab’s mission has always been to solve everyday challenges and unlock economic potential in Southeast Asia
01/03/2020
Singapore Fintech Eyes Middle East
Our Dubai office will serve as a bridge between the Middle East and Asia Pacific
01/03/2020
iFast leads Chinese partners with bid for Singapore digital wholesale bank licence
A group led by gaming company Razer and partners Grab and Singtel have put in their bids for one of two digital full bank licences on offer which allow for retail customers.
01/02/2020
Disruption ahead in Singapore’s financial sector as digital-only banks loom
Digital full bank licensees here should have only one physical place of business.
01/01/2020
Aging Japan: Banks turn to technology to tackle looming demographic crisis
Elderly -- and vulnerable -- Japanese hold half the country's $17 trillion in financial assets
01/01/2020
Indonesia plans fixed fees for e-wallet transactions
Ant Financial's e-wallet DANA trails them, along with state-owned payments platform LinkAja.
01/01/2020
As Chinese Digital Banks Arrive, OCBC Gets Ready
It’s attractive to us because it’s the way that we can test out in the new digital economy as to what we could do.
12/31/2019
Tencent users report positive wealth management returns
Licaitong, Tencent's wealth management platform which sells mutual-fund and fixed-term wealth management products, said it now has over 150 million users and 38 percent of these are born after 1990.
12/31/2019
When Is It Ethical to Not Replace Humans with AI?
There are legitimate questions about the ethics of employing AI in place of human workers. But what about when there's a moral imperative to automate?
12/30/2019
Digital banks heighten competition in crowded sector
Besides stiff competition, the entrance of non-bank players, like e-wallets, is sucking millions from banks
12/30/2019
Grab and Singtel team up to apply for a digital full bank license in Singapore
Grab launched in 2012 as a ride-sharing company, but now bills itself as “Southeast Asia’s leading super app”
12/29/2019
Five Countries Where Crypto Regulation Changed the Most in 2019
“Some countries now consider them legal tender, while many viewing cryptocurrencies as commodities. Governments around the world are keenly aware of the problem that the technology is rapidly outpacing the laws that govern it.”
12/29/2019
Beijing warns against cryptocurrency activity
Many entities have begun to use digital assets in ways the authorities say violate rules implemented in 2017
12/27/2019
Asia is overtaking the US in cashless payment
Will 2020 mark the start of a cashless society? It may be for some nations.
12/27/2019
Reserve Bank Of Australia Head Of Financial Stability Mentions Stablecoins
He states that future drivers can be broken into three general areas, “The first is the general increased access to, and ability to process, vast quantities of data.
12/27/2019
Huobi Japan Secures $4.6M from Tokai Tokyo
Discussing the maneuver, Huobi Japan CEO, Haiteng Chen called the important milestone a nod of “mainstream recognition” towards the crypto space.
12/27/2019
Will HSBC spearhead blockchain for banking next year?
The multinational bank is ready to set examples in blockchain for the banking sector.
12/26/2019
Ping An-Affiliated Fintech Firm OneConnect Opens Joint Venture in Japan After U.S. IPO
OneConnect has expanded globally since 2018