Various

Proof-of-Concept on ASEAN’s first industry Know Your Customer Blockchain Bank Project

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with the Infocomm Media Development Authority (IMDA), has become the first consortium in South East Asia to successfully complete a proof-of-concept for a Know Your Customer (KYC) blockchain. This development

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Oracle Introduces Digital Innovation Platform For Open Banking

Oracle announced momentum for its open banking initiative, which includes a comprehensive set of PaaS capabilities as well as an open API framework enabling banks and fintechs to collaborate on a common cloud platform. This digital innovation platform for open

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How Secure Is Iphone X Face ID Facial Recognition?

Facial recognition is one of the most widely and commonly used forms of biometric access control. Unlike other biometric systems, the information a face contains has a multitude of versatile applications. This information can be used to identify a subject’s

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Singapore-Based Global Payments Processor “Instarem” Secures Lithuanian E-Money License For European Expansion

Singapore based InstaReM is entering the European market via Lithuania. The regulator Bank of Lithuania issued an Electronic Money Institution (EMI) license to InstaReM, which is already operating in more than 50 countries around the world. InstaReM is a new-age enterprise

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How Banking Institutions Can Catch Up On The Digital Curve With Microsoft

Microsoft wants to make traditional banking a thing of the past with its customizable financial services platform. Asia Pacific is poised to become the most connected market by 2021, and business processes in the region are being digitalized at an

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SAP Introduces New SAP Hybris Tools to Help Banks and Insurers

SAP SE announced a new release of the financial services accelerator for the SAP Hybris Commerce solution, enabling banks and insurance companies to offer customers a faster and easier experience opening checking accounts, applying for loans, obtaining insurance policies and

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Challenges or Opportunities for Fintech in Vietnam

In 1995, the first Visa transaction was accepted in Vietnam—the same year that relations between the United States and Vietnam were normalized. In 2006—the year before Vietnam joined the World Trade Organization (WTO)—Visa had 150,000 branded cards in Vietnam. Today,

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Moneymax Partners Japan’s Leading B2B Internet Auction Company To Pioneer Singapore’s LIVE E-Auction Site

MoneyMax announced that it has entered into a joint venture with Tokyo Stock Exchange-listed Aucnet to jointly develop Singapore’s first online LIVE B2B e-auction platform The joint venture company ,SG e-Auction, will operate and manage the e-auction platform which allows

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ABSS Launches Cloud-Based Automated Accounting Solution To Boost Singapore’s Digital Economy

Asian Business Software Solutions (ABSS) today announced the launch of Financio, a cloud-based automated accounting software for micro and small businesses in Singapore that gives companies access to a secure solution that tracks business finances effortlessly. Developed by ABSS and

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Top Fintech Innovation Labs Ranking in Singapore

DBS and Visa have tied for top spot in a new R3 ranking of top fintech innovation labs in Singapore, thanks to their “dynamic environment” and interactive tools. R3 based its ranking on a ‘lab crawl’ of eight different innovation

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