Digital Transformation
Cambodia’s ACLEDA Bank Picks FSS to Consolidate Its Merchant Operations
FSS Technologies Singapore, a provider of banking and payment technology solutions, announced a partnership with Cambodian commercial bank ACLEDA. The multi-product deal aims to consolidate and digitally transform ACLEDA’s nationwide merchant operations and automate its terminal monitoring, reconciliation and settlement
Read More
Singlife With Aviva Backs Local SMEs’ Digitisation With Grab, Google, Razer Fintech
Homegrown insurer Singlife with Aviva announced the launch of a cross-industry collaboration “A Better Odyssey” which will help promising startups and small and medium-sized enterprises (SMEs) in Singapore to digitalise and scale their operations. In the initial phase, A Better
Read More
Digital Identity as the Foundation of the Digital Society
Around the world, digital identity has emerged into one of the most significant technology trends, promising to not only improve access to financial services, but also enable civic and social empowerment by unlocking critical services including government benefits and education.
Read More
Backbase Bags US$129 Million Funding, Now Valued at US$2.7 Billion
Digital banking software provider Backbase announced that it has raised US$128.6 million in growth equity funding from Motive Partners which values it at US$2.66 billion. Backbase said that this investment will it allow to “double down on its vision for
Read More
SME Lending in APAC Is the Major Opportunity for Banking-as-a-Service
Opportunities are endless with Banking-as-a-Service (BaaS), and nowhere is this more true than in Asia Pacific (APAC). Banks in the region, particularly in hubs like Singapore and Hong Kong, have embraced and become leaders in open banking, automated services, ever-improving
Read More
Digital Technology Investment Bears Fruit for Singaporean Retailers
During COVID-19, Singaporean retailers adapted well to the constraints imposed by the pandemic, ramping up investment to improve their operations and integrate digital technologies. These investments bore fruit, with 68% of 500+ Singaporean businesses surveyed by Adyen and KPMG indicating
Read More
Vietnam’s MSB Picks Temenos to Push Its Digital Transformation Plans
Vietnam Maritime Commercial Joint Stock Bank (MSB) has selected banking software company Temenos to modernise its core banking system. MSB is one of the largest commercial banks in Vietnam, with nearly 3.1 million retail and 64,300 corporate customers. The bank
Read More
8 Financial Processes Poised for Digital Transformation
COVID-19 accelerated trends toward remote banking and digitalisation, forcing financial institutions to embrace new technologies and processes to keep their businesses functional despite social distancing restrictions. Now, with more and more people relying on digital solutions for interactions and transactions,
Read More
Banks Need to Avoid Risks of a Big Bang Transition When They Digitise
The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed that 40% of banks in the Asia Pacific will make significant changes to their current core banking systems in the
Read More
At the Cusp of a BaaS Revolution, Here Are Some of the Challenges
The future of finance is open, and the rise of Banking-as-a-Service (BaaS) means this future is closer than ever. The BaaS industry is quickly maturing, with 88% of senior APAC executives – in industries from banking and technology to healthcare
Read More