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In Southeast Asia’s Virtual Banking Race, Incumbents Might Have An Early-Mover Advantage

In Southeast Asia, the imminent entrance of virtual banks is set to shake up the banking industry. But despite the potential disruption these are expected to bring, incumbent banks have a lead in the digital banking race, according to a

Various

Swiss Software Giant Avaloq Appoints New Head of Asia

Avaloq has appointed Imad Abou Haidar as the firm’s new Head of Asia. Imad joins from London-headquartered software firm Finastra, where he was Managing Director for the Asia-Pacific region based in Singapore. The appointment coincides with Avaloq releasing details of

Wealthtech

7 Wealthtech Solutions from Europe That Singaporean Banks Should Know

The wealth management sector is facing tremendous changes fueled by technology and changing customer expectations. Wealthtech, which stands for wealth and technology, has become one of the hottest sub segments of fintech with companies in the space raising over US$12.2

Open Banking

4 Banks in Asia Pacific That Are Winning Open Banking Adoption

Following the UK banks’ ambitious move towards open banking, fintech hubs across the globe have been following suit, leading to a banking revolution that could fast-track the development of fintech—particularly fintech based on personal wealth and spending habits. With Singapore’s

Vietnam

Vietcombank’s Digital Transformation

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has selected Finastra to drive its digital transformation initiatives. Finastra technology will streamline and automate Vietcombank’s operational processes and improve overall customer experience to enhance loyalty, increase domestic market