Digital Transformation
Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of
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Digital Maturity Gap Widening Among Financial Institutions, Says Broadridge
A recent study by Broadridge Financial Solutions reveals that the gap in digital maturity among financial institutions is widening, despite a strong push towards digital transformation and 75% of executives expressing confidence in their technological roadmap. This disparity emerges as
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“Big Bang” Bank Upgrades Spell Trouble, Mambu Makes Case for Incremental Change
Core banking systems serve as the backbone of financial operations and customer interactions for banks worldwide. They facilitate critical transactions like loan management, withdrawals, and deposits in real-time. However, maintaining such a system comes at a hefty cost. Financial institutions
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Aspire Offers Access to Google Workspace Tools for Singapore and Indonesia SMEs
Singapore-based B2B fintech firm Aspire has announced a collaboration with Google Cloud aimed at supporting startups and small and medium-sized enterprises (SMEs) in their growth efforts. This partnership will grant these businesses access to Google Workspace tools, known for their
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Backbase ENGAGE Asia Forges Roadmap for Futuristic Banking Transformation
Platformification, modernisation, banking transformation, financial inclusion, digital innovation, composable journeys, and omnichannel experiences—these are not just objectives and aspirations, but the very fabric of the banking industry’s evolution. Across Asia, banking leaders fervently discuss these topics, recognising their significance in
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StanChart’s audax and Thought Machine Tie Up for Digital Banking, BaaS Solutions
audax Financial Technology, backed by Standard Chartered, and Thought Machine, a cloud-native banking technology company, have announced a strategic partnership aimed at reshaping the banking technology arena. The partnership is set to deliver digital banking and Banking-as-a-Service (BaaS) solutions designed
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Elaine Heng to Lead OCBC’s Newly Formed Strategy and Sustainability Division
OCBC Bank has established a new division named Group Strategy, Innovation, and Sustainability. The division aims to anchor the bank’s strategic direction, fostering innovation and sustainability efforts. The new division, set to commence on 22 April 2024, will play a
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Visa, GSMA Launch Digital Finance Inclusion Initiative for 20 Million People Globally
Visa is collaborating with the GSMA Mobile for Development Foundation to launch the Digital Finance for All (DFA) initiative. This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women,
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Digital Offerings like BaaS to Contribute Over 40% of APAC Banking Revenue By 2030
Banks in Asia-Pacific (APAC) are diversifying their offerings and embracing innovative digital strategies including super-app platforms, financial marketplaces and banking-as-a-service (BaaS) models. By 2030, these business models and digital offerings will contribute over 40% of banking revenue, representing some of
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VIB Upgrades Core Banking System with Temenos, Leverages AWS Cloud
Vietnam International Bank (VIB) has implemented the latest version of the Temenos Core Banking solution, powered by Amazon Web Services (AWS). This collaboration also includes ITSS, a Swiss technology and IT services firm. The upgrade to Temenos’ R23 Core Banking
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