Search Results for "virtual banking"
Data Science at the Heart of the Fintech Revolution
Data science, which involves developing methods of recording, storing and analyzing data to extract useful information and gain insights, has created a drastic change in the financial services industry. Considered as the core of fintech, data science and its allies
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Rethinking Live Fintech Events and Summits in the Time of COVID-19
COVID-19 is continuing to spread around the world, causing deaths and major disruption to the global economy. To date, more than 251,000 people have unfortunately succumbed to the virus and the number of confirmed cases has exceeded 3.5 million, according
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63% of APAC Customers Willing to Switch to Challenger Banks in 5 Years
63% of banking customers in Asia-Pacific (APAC) are likely to use digital banking services offered by neobanks and challenger banks by 2025, highlighting the urgency for banks to innovate, according to the Fintech and Digital Banking 2025 report by Backbase
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Vizor Software and Wolters Kluwer Announces Regtech Partnership in Singapore
Vizor Software and Wolters Kluwer’s Finance, Risk & Reporting (FRR) business today announced a partnership for the Singapore market that will increase the quality of regulatory reporting while reducing the time and effort required in regulatory compliance. Using the Vizor
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Singtel’s NCS Partners NETS to Develop New e-Payment Platform for Central Banks in Asia Pacific
NCS today signed a memorandum of understanding (MOU) with the Network for Electronic Transfers (NETS) Group to develop a new real-time Electronic Payment and Securities Settlement Platform for central banks. The collaboration brings together NCS’ capabilities in building highly secure,
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Covid-19 Support: Monetary Authority of Singapore Launches S$125 Million Package for Fintechs
The Monetary Authority of Singapore (MAS) today announced a S$125 million support package to sustain and strengthen capabilities in the financial services and FinTech sectors amid the current economic slump. The support package will help to position financial institutions (FIs)
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Aspiring Digibank MatchMove Acquires Strategic Stake in e-Commerce Firm Shopmatic
MatchMove announced today that they have entered into an agreement with the e-commerce enabler Shopmatic to make a strategic investment into the company with immediate effect. Shopmatic is an e-commerce platform company specializing in providing turnkey solutions to small and
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Visa: Two in Three Singaporeans Interested in Digital-Only Banks
A new breed of digital banking is just around the corner as Singapore introduces its digital banking framework which attracted the likes of Grab, Razer, Ant Financial, Sea Group and many more to bid for the license. With growing interest
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Standard Chartered Goes Big on Platformification Strategy with Nexus
Today, Standard Chartered launched its “Banking as a Service” solution, nexus. Through nexus, digital platforms and ecosystems like e-commerce, social media or ride hailing companies, will be able to offer loans, credit cards and savings accounts co-created with the bank
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58% of SMEs in South East Asia are Keen in Alternative Financing
In 2020 and onward, an increasing portion of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia will turn to non-traditional financial sources for their financial needs. These sources of funding will need to be available “on-demand” to enable entrepreneurs
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