Tag "open banking"

Singapore Leads Asia Pacific in Open Banking

In its Open Banking APAC report, released earlier this month, the EPAA provides an overview of developments in the region and shares findings from a survey of industry participants and experts from APAC. Unlike the regulator-led approach in the European

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The Digital Ecosystems That Will Help Indonesia Reach 80% Financial Inclusion

The Southeast Asia Internet Economy Report 2019 by Google, Temasek, and Bain & Company predicts that Indonesia’s digital economy will more than triple to US$133 billion in 2025, driven largely by increasing acceptance by its more than 260 million population.

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Bankers, Fintech Experts Gather in Vietnam to Discuss the Future of Banking

Earlier this month, bankers and fintech experts gathered in Vietnam to discuss the future of banking, the evolving payments landscape, and digitalization in the financial industry. Representatives of Deloitte, Asia Commercial Bank, Saigon Commercial Bank, Oracle, Fintechnews.sg and BankClub took

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How DBS and OCBC Global Leadership Shows Singapore’s Success in Open Banking

Singapore’s DBS Bank and OCBC are regional leaders in fintech and pioneers in open banking according reports from Accenture and Innopay Open Banking Monitor. The positioning of these banks gives us a good sense of where Singapore stands in the global

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The Need for APAC Banks to Reinvent Themselves

Consumer banking is rapidly changing in Asia-Pacific (APAC) and banks must reinvent themselves amid changing regulations, emerging technology, elevated client expectations and the entry of disruptive competitors, according to a new article series by EY.   Changing regulations The banking

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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

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Open Banking and APIs: How Regulators Around the World are Pushing for Innovation

Open banking, a term that refers to the use of open APIs to allow banks to share information securely and provide customers with even higher levels of convenience and personalized financial advice, is an emerging trend in the banking space

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