Tag "banks"
Vietnamese Banks Ramp up Fintech Development
Fintech is gaining popularity around the world including in Vietnam where experts and industry observers predict strong growth, driven by the country’s low banking penetration and young and increasingly affluent population. “Vietnam has strong growth potential for fintech development, and
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UOB & Intel Want to Use Artificial Intelligence to Combat International Money Laundering
United Overseas Bank (UOB) today announced it collaborated with Intel to test how federated advanced data analytics can enhance cross-border anti-money laundering (AML) efforts. The project was co-funded by the MAS’ Artificial Intelligence and Data Analytics (AIDA) Grant under the
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BSP: Branchless banking app usage needs special license
Banks seeking to use a mobile app that promises to enable them to expand their businesses without building any physical branches, are required by the Bangko Sentral ng Pilipinas (BSP) to obtain a special license, the BusinessMirror reported. The app’s
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Fintech In The Philippines: What The Banks Are Doing?
Fintech companies, which are playing an increasingly important role in the Philippines’ financial services landscape, are to complement the products and services offered by banks, opening up growth areas to lenders to expand market reach. At the BankTech Asia Manila
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Why Indonesia needs Fintech?
Southeast Asia’s largest economy would rather use fintech platforms for their financial needs rather than the country’s more well-established banking institutions with regulations being proposed to safeguard investors and borrowers alike, Indonesia’s fintech industry is set to expand even further.
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Temenos Buys Fintech Companies for APAC Growth
Swiss listed banking tech giant Temenos is making a big play for the APAC market after gaining massive ground on global software kingpins like Oracle in other regions, and has just signed an agreement to acquire ASX-listed fintech Rubik Financial
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Banks Gear Up as New Challengers Intend to Eat Their Lunch
Fintech challengers have been gaining ground by offering easier, cheaper or more intuitive ways to compare and acquire the financial services that customers need. Today, the question is not whether these new players will topple the established banking hierarchy, but
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An Introduction To Fintech
Fintech, an abbreviation for financial technology, is most certainly one of the hottest new trends in the digital age. Why? Well, because it comes with the promise of radically changing the way we live and conduct business. These fintech firms
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