Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA), highlighting increased risks in the digital payment token…
Search Results: virtual banking (622)
The broader opportunity that digital banking represents for younger, underserved communities in Southeast Asia (SEA) is quickly being recognized. Going…
Thailand’s Finance Ministry announced that it will begin accepting applications for virtual bank licenses within the next six months, aiming…
A plethora of technological advancements and geopolitical events repeatedly upend the banking industry. 2023 was no exception, marked by highly…
The digital banking landscape in Asia is a vibrant and diverse ecosystem, contrasting significantly with its Western counterparts. In the…
The emergence of generative artificial intelligence (Gen AI) represents a pivotal moment in the technological evolution, significantly altering the digital…
A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene…
Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has selected banking software company Temenos to modernise its core banking…
Advancements in technology, changing demographics and supportive regulations are driving the rise of digital banking in Asia, with Singapore and…
Consumers in India, Singapore and Hong Kong are among the world’s biggest adopters of digital banking, ranking second, fourth and…
OCBC Bank has restored all of its banking services after a technical issue caused an outage on Monday morning. The…
In recent years, the Artificial Intelligence (AI) growth in the finance market has been considerable, with the sector projected to…
SCBX, the financial technology business group of Siam Commercial Bank, announced its readiness to apply for a license to establish…
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied…
Digital technology is increasingly transforming financial services. In the era of mobile devices, digital services through mobile apps have become…
The Bank of Thailand (BOT) has announced that it will postpone the release of the final Virtual Bank Licensing Regulations…
iFAST Global Bank (iGB), the digital banking division of Singaporean wealth management fintech firm iFAST Corporation Ltd., has introduced a…
OCBC Bank has set up a virtual branch OCBCx65Chulia on the metaverse platform Decentraland which is named after its headquarters…
Thailand has recently approved digital banking but has warned against irresponsible lending. This comes from the growing digital banking trend…
With the rise of fintech, traditional banks are being disrupted by nimbler, more customer-centric digital banks; it seems that the…