Search Results for "virtual banking"
World’s First Full-Featured Virtual Banking Assistant On Facebook Messenger?
ATB Financial officially launches a virtual banking assistant to the company’s nearly 700,000 personal banking customers, working with FinTech Finn.ai to make access to secure, day-to-day personal banking as easy as initiating a conversation in Facebook Messenger. “At ATB we’re
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Thailand to Open Applications for Virtual Bank Licenses
Thailand’s Finance Ministry announced that it will begin accepting applications for virtual bank licenses within the next six months, aiming to expand financial inclusion for those with limited or no access to traditional banking services. According to Reuters, the ministry
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What Drives 53% of Singaporeans Away from Digital-Only Banking?
A plethora of technological advancements and geopolitical events repeatedly upend the banking industry. 2023 was no exception, marked by highly publicised bank failures, rising interest rates, and various global economic challenges. Amidst these upheavals, one constant emerged: People remain content
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How Digital Banks in Asia are Redefining Banking with Unique Business Models
The digital banking landscape in Asia is a vibrant and diverse ecosystem, contrasting significantly with its Western counterparts. In the Asia-Pacific (APAC) region, 11 out of the 13 profitable digital banks, including South Korea’s Kakao Bank, India’s Paytm Bank, and
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5 Use Cases Of Generative AI (Gen AI) in Banking, Insurance Within Asia
The emergence of generative artificial intelligence (Gen AI) represents a pivotal moment in the technological evolution, significantly altering the digital financial services landscape in the Asia Pacific region where we are seeing a rise of use cases for generative AI
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Will Generative AI Fundamentally Reshape Banking?
A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene in early 2023, leverages advanced natural language models to automate a vast range of cognitive tasks. As this versatile innovation
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Vietnam’s LPBank Taps Temenos to Modernise Core Banking Platform
Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has selected banking software company Temenos to modernise its core banking platform for retail and corporate banking. The new system will enable LPBank to manage customer accounts and transactions across its
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Singapore Overtakes Hong Kong in Digital Banking Adoption
Advancements in technology, changing demographics and supportive regulations are driving the rise of digital banking in Asia, with Singapore and Hong Kong emerging as key players. While both locations have witnessed significant growth in their respective digital banking landscape, adoption
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India, Singapore, Hong Kong Among Top 5 Biggest Adopters of Digital Banking
Consumers in India, Singapore and Hong Kong are among the world’s biggest adopters of digital banking, ranking second, fourth and fifth respectively in penetration rate, a global study conducted by Australian comparison website Finder found. The study, which polled more
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OCBC’s Banking Services Restored After ‘Technical Issues’
OCBC Bank has restored all of its banking services after a technical issue caused an outage on Monday morning. The bank said in a Facebook post at 9.43am that the outage affected its mobile and online banking, PayNow, ATMs, Velocity
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