Banking Technology

DBS, cloud software firm Infor float new trade finance venture

It will utilise supply chain data for risk and credit worthiness.

DBS, cloud software firm Infor float new trade finance venture

It will utilise supply chain data for risk and credit worthiness.

MUFG Bank to digitize personal stamp forms with robotics, AI

The lender will digitize over 300 million pages of paper forms stored in warehouses.

Australian neobank Tyro, Mambu partner for term deposit offering

Mambu's composable banking approach allows Tyro to launch products quickly.

Only one in APAC's 50 biggest banks was prepared for a pandemic

Only Sumitomo Mitsui Trust Holdings identified a pandemic as a key risk to business operations.

Kasikornbank unveils facial recognition tech for Boonterm kiosks

It will allow customers to access financial services across 1,300 Boonterm kiosks.

Opening a new chapter in Asia's digital banking boom with e-KYC

The World Bank estimated that over 1.7 billion individuals remain unbanked today. The trend is reflected in Southeast Asia, where more than 70% of its...

Digital banking firm Backbase opens Sydney, Melbourne offices

It comes after the launch of its APAC base in Singapore.

Bank Central Asia, Cloudera partner for data and machine learning

The banks hopes to streamline processes and protect clients from fraud.

Eight in 10 Singaporeans will stick to online banking after the pandemic

Almost 70% of those aged 54 and above have grown comfortable to online banking.

Australia's Consumer Data Act goes live for data sharing

Customers can now share their banking data to access personalised financial products.

Singapore banks set to fast-track digital transformation due to COVID-19

The COVID-19 pandemic forced Singapore banks to change tack in order to meet social distancing and work from home requirements. However, it didn’t...

Hong Kong, Singapore play catch-up with mobile banking apps

European financial firms dominated the global top ten of Sia Partners’ study.

COVID-19 Impact on FIs' IT Plans in Japan and APAC

In the transitional period from the unprecedented emergency to the new normal, the Japanese and APAC financial institutions have stepped up their...

Korean central bank launches legal advisory for digital currency

But BOK denied that they are preparing for an actual launch of a digital currency.

Three-fourths of Filipinos open to having a financial account online

But finance firms stand to lose 40% of new business if account opening isn’t fully online.

Digital adoption of OCBC's wealth products jumped 40% in Q1

Virtual wealth advisory meetings will likely be the new normal.