Archive

The Potential of AI in Banking

Artificial intelligence (AI), an umbrella term for a host of different technologies including machine learning and natural language, holds many promises in the banking industry. Analysts estimates that AI could save the industry more than US$1 trillion by 2030. While

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Asia’s Fintechs Will Change The Competitive Landscape in Banking

Singapore’s fintech hub together with the emerging financial centers in China are a powerplay to become the world’s digital frontier in the financial services. With the support of their governments, many fintechs are threatening traditional banks in the Western world.

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South Korea’s First Blockchain-Powered Remittance Service to Thailand and Philippines

This month Coinone Transfer, a payments business and a subsidiary of Coinone, introduced South Korea’s first blockchain-powered remittance mobile app and web service called Cross — offering faster, lower cost payments to Thailand and the Philippines. Unlike other remittance options in South

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Philippines: Cleaners of Polluted Beaches Get Paid in Cryptos

A pilot project seeking to show transparency in the flow of money via public blockchain was formally launched last week in Manila rewarding cleaners of polluted beaches with the cryptocurrency Ether (ETH). Dubbed “Bounties for the Oceans: Philippines Pilot –

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Meet 42 Mobile Payment Players Active in Singapore Right Now

As one of the most highly banked populations in Southeast Asia (Standing at 96.4% of banked adults at 2014), Singapore presents a unique ecosystem in the same region. This is part of why Singapore is popularly deemed as one of

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World Bank: Developing Countries Sees Record-Breaking Remittance Inflow in 2018

Remittances to low and middle income countries grew rapidly and are projected to reach a new record in 2018, says the latest edition of the World Bank’s Migration and Development Brief, released today. The Bank estimates that officially recorded remittances

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Is Cambodia The Next Stop for Grab’s E-Wallet?

Following its entry into Cambodia in 2017, Grab seems likely to bring its e-payment app, GrabPay into Cambodia sometime in 2019 as part of the wallet’s Southeast Asian focus. Cambodia and Myanmar are said to be key considerations for GrabPay’s expansion

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Mobile Payments in Vietnam: End of 2018 News Roundup

Cashless payments are booming in Vietnam, more than doubling in value over the first three quarters of 2018. In particular, transactions over mobile apps and digital wallets rose by an impressive 126% and 161%, respectively, according to Department of Payments

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GrabPay Mobile Wallet Will Likely Hit Myanmar in 2019

After Grab’s launch into Myanmar in 2017, the ride-hailing giant intends to follow-up with the expansion of their e-wallet GrabPay, in the ride-hailing giant’s ongoing Southeast Asia takeover strategy. GrabPay is considering Myanmar alongside Cambodia for expansion of its mobile

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Singapore Grants First Accelerated FinTech Patent

The Intellectual Property Office of Singapore (IPOS) has granted the first accelerated patent under its FinTech Fast Track initiative to Voyager Innovations, a technology company based in ASEAN. While patent grants typically take at least two to four years, and

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