Search Results for "virtual banking"
Indonesian Lenders Ride the Digital Banking Momentum
Indonesia’s banking industry is on the verge of a revolution as a new breed of digital banks looks to capitalize on the country’s large population of unbanked and underbanked, and use the digital momentum created by the COVID-19 pandemic to
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In Banking, Data Become The “Differentiating Baseline”
In Asia, market liberalization pushes, coupled with changing customer behaviors and advances in technology, are forcing banks to move away from a product-centric approach to a customer-centric one where data become critical in guaranteeing the value and relevance of products
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Singapore Among the Fastest Adopter of Digital Banking
In Singapore, consumer preferences are rapidly evolving, with banking customers increasingly preferring online interaction over in-person interaction. A new consumer survey by digital business transformation company Publicis Sapient found that Singaporeans are prolific users of mobile banking, with one in
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Bank Rakyat Indonesia Leverages Open Banking to Bolster BRImo App
As one of Indonesia’s oldest and largest bank, Bank Rakyat Indonesia (BRI) is always a step ahead in adapting and applying the latest technologies to create various digital platforms and applications to support its customers’ digital needs. This includes BRImo,
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Digital Banking Reaches New Level of Maturity in APAC
In Asia-Pacific (APAC), the COVID-19 pandemic has brought the digital banking industry to a new level of maturity with penetration now approaching 90% across the region. This surge was largely driven by emerging markets, where adoption soared 33% points between
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Big Tech, Super Apps Redefining the Status Quo in APAC’s Banking Space
A major paradigm shift is taking over Asia Pacific’s (APAC) banking sector, driven by a changing regulatory landscape, the onset of open banking, and rising competition from big techs and super apps. By leveraging data and ecosystem partnerships, these new
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In Asia Pacific, Super Apps Are Leading the Digital Banking Race
In Asia-Pacific (APAC), super-apps are not only redefining consumers expectations in banking; these platforms are straight out leading the digital banking race, according to a new report by Swiss digital banking tech provider Banking, Payments: Context (BPC) and Dutch fintech
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Vietnamese Incumbents Tap Fintech Partnerships in Digital Banking Push
Vietnam’s young and digitally-savvy population, low rates of formal financial inclusion and high smartphone ownership and Internet penetration, make the country’s banking and financial services industry ride for disruption. Against this backdrop, incumbents are teaming up with fintech companies and
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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework
When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these
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AFIN Leverages Data Center Giant Equinix To Offer Enhanced Open Banking Infrastructure
Data center giant Equinix announced that the ASEAN Financial Innovation Network (AFIN) would leverage its platform to accelerate financial services innovation in Singapore and the global fintech ecosystem. The collaboration will provide a dedicated on-premise API Exchange (APIX) sandbox on
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