Digital banking stories
Southeast Asia gains 8.5 million fintech users in Q1
The main increase in the number of customers occurred due to the growth of e-Commerce, which gained 6.2 mln new users.
Tencent Cloud teams up with Allo Bank to enhance digital banking
Tencent Cloud has announced its collaboration with Allo Bank, Indonesia’s largest digital banking platform, to enhance digital banking in the country.
Whampoa Group set to open digital bank in Bahrain
Singapore-based investment group, Whampoa, announced it will be opening up a digital bank in Bahrain, the Middle East.
Open Banking uptake well underway in Australia: Experian
The findings are from Experian's latest business and consumer insight report, developed in partnership with Forrester, exploring open Banking and data privacy.
Malaysia’s Affin Bank partners with Aspire Systems
Affin Bank, one of the leading banks in Malaysia, has partnered with Aspire Systems to lead its digital transformation journey.
Swift successfully pilots its Securities View capability
The new capability significantly increases transparency in post-trade processing while preventing costly settlement fails; it will be widely available in 2023.
Entrust advances Sigma Instant Issuance Platform for cards
Unique light curing module for Entrust Sigma instant issuance systems brings new financial card durability and personalization to card issuers.
Cost of fraud up 10 to 16% in APAC from pre-pandemic levels
LexisNexis Risk Solutions released the latest APAC edition of the True Cost of Fraud Study, which surveyed 387 risk and fraud executives.
Payment disruptions in digital banking - Entrust report
With the transformation of banking and payments is accelerating, the industry has caught disruption from many angles due to web trends and the global pandemic.
Philippines neobank Tonik steps up banking game with Google Cloud
According to Tonik founder and CEO Greg Krasnov, the company needed to drive its value proposition not just through cost, but also consumer trust.
Fintech innovation is bridging financial divides in Asia Pacific - report
A new report shows fast-paced fintech innovation in Asia Pacific has a measurable, positive impact on access to financial services in the region.
Mambu raises $235 million in latest funding round, sets sights on global growth
Mambu, the modern SaaS banking platform, has announced it has raised $235 million in an EQT Growth-led Series E funding round, the largest financing round to date for a banking software platform.
Cryptocurrrency: The next big thing Australia's banks need to keep an eye on
Banks should keep a finger on the pulse of the growing demand for cryptocurrency services, according to a global study by Visa.
Bank Australia rolls out voice biometrics designed by Nuance
After a successful test rollout at the end of 2020, the bank is now offering voice-based biometric protection to all customers.
Technology decisions can make or break a digital bank
Adapting to change used to be a bank’s biggest liability. Now it can be its biggest asset.
Video: 10 Minute IT Jams - Who is Mambu?
Mambu is a SaaS banking platform, providing technology to banks and others to power lending, deposit and other banking products.
AI in the finance sector - and how it will revolutionise banking
With the bar to success set so much higher amid lockdowns, innovation is almost essential, and one of the clearest paths to innovating a business model is through AI.
Modern fintech services trump traditional banking solutions for small businesses
Modern fintech services reportedly better serve micro, small to medium enterprises (MSMEs) across the Association of Southeast Asian Nations (ASEAN) when compared to traditional banking solutions.
Backbase expands APAC presence with new Aussie offices
“With accelerating customer adoption of digital and regulated open banking, the future landscape presents significant opportunities for banks with the capabilities to adapt, offering holistic financial solutions and personalising at scale.”
How faster data is helping financial services firms cope with new demands
Since the Royal Commission into banking in Australia shone a spotlight on the industry, banks and other financial institutions have been under more pressure than ever before to know exactly where their data is.
Growth of digital payments set to cost Australian banks US$3 billion
Banks must change their business models to avoid massive shortfall in the next five years.
Banks feeling the pressure of the digital revolution
A new report found that competition is increasing between established retail banks and the technology and eCommerce disruptors that are offering new payment solutions.
Sydney fintech firm impresses Royal Bank of Scotland Group
Sydney-based fintech firm Waddle has successfully completed a six-month pilot partnership with the Royal Bank of Scotland Group (RBS Group).
The three new fronts in the fight against fraud
Along with greater speed comes new fronts in the fight against fraud. Here are three trends to watch as financial institutions balance speed and security.