Banking Technology
Korea trials drive-thru banking in fintech sandbox
Woori Bank aims to make the service available in restaurants and car parks near the airports.
Korea trials drive-thru banking in fintech sandbox
Woori Bank aims to make the service available in restaurants and car parks near the airports.
Singapore may soon allow virtual banks: DBS CEO
Gupta, however, believed that they may not pose a significant threat.
DBS enhances customer service touchpoints
It retrained over 500 employees and opened new roles including video biometrics specialists and live chat agents.
MAS complete cross-border payments in blockchain with Canada central bank
Project Ubin was linked to Canada's experimental domestic payment network, Project Jasper.
BancNet taps Mastercard and Vocalink to enhance payments technology in the Philippines
The use of Vocalink will extend InstaPay’s reach to include government and commercial payments.
Newly licensed Hong Kong virtual lenders bolster banking hiring spree
They will be hunting for more fintech talents.
UOB and KrisFlyer launch credit card and savings account to target frequent fliers
The card can be combined with a savings account to earn miles.
RHB sets sights on one million mobile banking users by 2019 in mobile app launch
The bank also hopes to boost digital transaction volumes to over 80% by 2022.
Citi launches biometric authentication for APAC institutional clients
The solution eliminates the need for an app-based digital token.
Chart of the Week: AI business value for APAC banks to hit $98b by 2030
China, Japan, South Korea and Singapore will drive demand over the next 10 years.
New licensing rules may wipe out P2P lending in China
Stricter requirements may leave just 100 surviving players out of over 1,000.
Standard Chartered enhances corporate offering for digital collection
Straight2Bank Pay aims to simplify the collection process.
3 in 5 Singaporeans willing to share data for cheaper banking products
Users are willing to share data on their income, location and lifestyle habits.
700 banks to join Japan's nationwide smartphone payment service
It will launch in October which coincides with the October consumption tax hike.
KEB Hana kicks off mobile banking service in Vietnam
It will allow immediate cash wiring through a one-time passcode upon user's request.
Korean virtual banks succumb to net losses for two straight years
K Bank and Kakao Bank saw a combined net loss of $78m in 2018.
Payment apps make headway in cash-heavy Japan
Fintech firm PayPay is setting aside $91m of reward points to incentivise usage.