Archive

Banking-as-a-Service a New Battleground for Banking Incumbents and Challenger Banks

With a new Banking-as-a-Service (BaaS) model, financial services providers can save up to 95 percent of a typical customer acquisition cost, according to a new report from Oliver Wyman. The report said that the typical customer acquisition cost can be

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Competition Heats up in Vietnam’s Mobile Payment Landscape

Competition for Vietnam’s young, digitally savvy population is heating up in the mobile wallet and digital payment space. Over the past year, no less than 9 non-bank organization joined the sector and regulatory changes introduced in 2020 could very well

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Indonesian E-Wallet Linkaja Selects Arttha Payments to Modernise Its Core System

Indonesian e-wallet LinkAja has selected Indian software company PureSoftware’s Arttha Digital Payments suite to power its core systems. The move is said to be in line with LinkAja’s aim to expand and strengthen its position as a payment services provider

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Vietnamese Digital Bank TNEX Selects AWS for Its Cloud Services

TNEX, the digital banking arm of Vietnam Maritime Commercial Joint Stock Bank (MSB), announced that it has selected Amazon Web Services (AWS) as its preferred cloud provider. MSB, one of Vietnam’s commercial banks, was said to have been built TNEX

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Open Banking Makes Inroads in Vietnam

In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape. So far, at least two local banks have launched developer portals and are

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The State Open Banking in Thailand in 2021

Though no legal regulation on open banking currently exists in Thailand, the government’s digital push with the Thailand 4.0 strategy, and the introduction the Personal Data Protection Act (PDPA) last year suggest a move to open banking frameworks is inevitable.

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4 Key Considerations For Wealth Managers Looking to Unlock the Value of Data

When we talk about wealth management today in fintech, more often we’re talking about how to create wealth: goal setting, risk profile management, or simply investment management overall. But Dr. Sekar Jaganathan, Director of Digital Strategy in Kenanga Bank opines

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PAYFAZZ Invests US$30 Million in Xfers to Form New Entity Fazz Financial Group

Indonesian fintech startup PAYFAZZ announced that it has invested US$30 million in Xfers, Singapore-headquartered counterpart to form a new financial entity called Fazz Financial Group (FFG). PAYFAZZ said that both companies will retain their respective names whilst operating under the

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Insurtech Symbo Secures US$9.4 Million Funding to Scale Its Platform in SE Asia and India

Symbo Platform Holdings, a Singapore-based insurtech platform, announced the completion of a US$9.4 million funding round led by the CreditEase Fintech Investment Fund. The round also saw participation from San Francisco-based investment firm Think Investments along with follow on investment

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Clearstream Selects BearingPoint to Comply With Singapore’s Compliance Reporting

European supplier of post-trading services Clearstream has selected BearingPoint RegTech, a Netherlands-based compliance technology provider, for its Abacus360 Banking solution for MAS 610 reporting. BearingPoint RegTech said that Abacus360 Banking is a standard software for national and international prudential reporting,

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