10/06/2020
New virtual banks hit by glitches
A Mox spokesman said e-statement services have returned to normal the same night, and the company has strengthened the accuracy of the function in the background process.
FinTech
10/06/2020
Hong Kong and Macau See Seamless Boost for Cross-Currency Payments
According to Macau Pass deputy general manager Wong Kam Man, limited access for Octopus – Macau’s counterpart payment provider in Hong Kong – prompted it to tap into the market of Hong Kongers making pataca-denominated payments.
10/06/2020
Avaloq's Francisco Fernandez Rides High
For all of Fernandez’s big Silicon Valley aspirations, he remains more of a matter-of-fact IT whiz than a flamboyant tech bro.
10/05/2020
Banks reinvent, strive during pandemic
Banks have taken different measures according to the severity and length of the coronavirus outbreak.
10/05/2020
How Singapore’s Sea is surfing Southeast Asia’s digital wave
The gaming and e-commerce firm will ‘not compromise growth potential,’ says CEO
10/05/2020
Singapore launches a facial verification system such as DNI
The goal is to make the experience easier and faster; Instead of memorizing and entering a password, the test scans the person’s face and compares it with its database.
10/05/2020
National digital currencies may become another sphere of competition
The key element of such systems will be national digital currencies, also known as Central Bank Digital Currencies.
10/05/2020
Digital KYC, Onboarding & Authentication
Digital transformation has accelerated in financial services amid the pandemic. But it has not come without risks.
10/05/2020
OCBC webinars to help 3,000 SMEs go digital by year end
More than 30 two-hour webinars have been conducted so far.
10/04/2020
Cybercriminals are targeting Asia-Pacific banks and businesses as coronavirus disrupts daily life
More than half of businesses surveyed in Asia said they experienced at least one major security scare since shifting to work from home this year, according to a September 22 report by Barracuda.
10/04/2020
‘Stay focused’ on China’s new tech ETFs even if you can’t invest yet, money manager says
These ETFs could be some of the first to access the highly anticipated Ant Group IPO
10/02/2020
Tokyo stock trading halted for day by computer glitch
The glitch hit the country's top Nikkei 225 and Topix indexes as well as exchanges in Nagoya, Sapporo and Fukuoka that operate through Tokyo's system.
10/02/2020
RegTech Asia 2020: Trade Surveillance and Monitoring
Manesh Samtani, Editor at Regulation Asia, spoke to NICE Actimize’s Jerome Lambert and Synpulse’s Parsa Khoshdel to find how Covid-19 has impacted markets and trading, and what the increased use of new client communication modalities has meant
10/02/2020
Judo Bank partners with GBST to drive online engagement
Judo Bank is the first financial provider in the term deposit market to offer a calculator that compares other institution’s interest rates and calculates the difference in interest earned.
10/02/2020
Southeast Asia as a Leader for Instant Cross-Border Payments
These transactions are for people or organizations who look for funds across territories.
10/02/2020
Fintech firms look at smaller super funds
Kendall explained that many financial planners were using their own software to make decisions with regards to switching from investment A to investment B, a process that traditionally required additional paperwork.
10/02/2020
Virtual banking takes shape in Hong Kong
New digital financial services in the city highlight the need for reliable operations
10/01/2020
Two More Virtual Banks Launch in Hong Kong
Ping An OneConnect Bank also provides lending service ‘Trade-Connect Loan’ exclusively to SME customers from Tradelink Electronic Commerce.
09/30/2020
ZA Bank: User Count Tops 180,000
Every month since ZA Bank’s launch half a year ago, its user base has grown double-digits and its deposit base crossed HK$2.4 billion ($310 million) in less than 100 days.
09/29/2020
DBS: Digital Banking Not Singapore's Biggest Industry Disruptor
In contrast, digital banks are expected to turn a profit slowly even if they do manage to grab a 1-5 percent market share of the unsecured retail and SME (small and medium-sized enterprise) loan market in the initial years.