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Various

Fintech and Digital Finance Innovation Initiatives of Banks in Singapore

Fintech has become one of the key drivers of innovation in the financial services industry. In Singapore, the Monetary Authority of Singapore (MAS) was quick to realize the potential of fintech, acting swiftly to build up a vibrant ecosystem in

Thailand

Finlab Opens Accelerator in Thailand to Teach SMEs How to Digitise Their Businesses

The Finlab announced the launch of its Smart Business Transformation Programme to help Thailand-based small- and medium-sized enterprises (SMEs) transform their businesses via digital solutions. The programme is supported by United Overseas Bank Thailand (UOB Thai) and the Digital Economy

Mobile Payments Remittance

UOB Joins the Mobile Cross-Border Remittance Bandwagon with UOB Mighty

It appears that Grab is not the only one that is honing in their focus on mobile cross-border remittances, incumbents seems to be unwilling to be left out of the game. UOB announced that they have successfully completed a cross

Events

12 Companies Score SG$1.2 Mil at The Singapore Fintech Awards 2018

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of SG$1.2 million divided for 12 different companies at the Fintech Awards, which took place at the third Singapore

Blockchain/Bitcoin Remittance

Razer And Finlab Testing Blockchain Cross-Border Remittance

RazerPay is now collaborating with The Finlab to create a proof-of-concept (POC) to test cross-border remittance using blockchain technology. Since The FinLab is affiliated with UOB as its innovation accelerator, this partnership with RazerPay could be connected with UOB and

UOB & Intel Want to Use Artificial Intelligence to Combat International Money Laundering

United Overseas Bank (UOB) today announced it collaborated with Intel to test how federated advanced data analytics can enhance cross-border anti-money laundering (AML) efforts. The project was co-funded by the MAS’ Artificial Intelligence and Data Analytics (AIDA) Grant under the

Mobile Payments

Grab To Have UOB’s Digital Banking Service Integrated into Its App

United Overseas Bank Limited (UOB) and Grab today announced they have entered into a strategic alliance to accelerate the use of digital services among ASEAN’s growing base of digital consumers. Interestingly, this announcement comes shortly after Go-Jek’s partnership announcement with

Various

UOB Starts Digital Bank for ASEAN

United Overseas Bank Limited (UOB) announced that it is introducing a digital bank for ASEAN’s massive and increasing base of ‘mobile first’ and ‘mobile only’ customers. UOB’s Digital Bank will be deployed in its key Southeast Asian markets as the Group

Various

Singapore’s Path to Digital Economy Still Facing Some Roadblocks

Use of mobile banking has overtaken physical branch interactions by 15% during the past 12 months, according to the J.D. Power 2018 Singapore Retail Banking Satisfaction Study. It is clear that Singapore’s Smart Nation journey to digitally transform its banking

Big Data Mobile Payments

UOB’s Latest Partnerships Reveal the Bank’s Strategy to Stay Relevant

An e-wallet and an artificial intelligence solutions company combines with a traditional bank. United Overseas Bank Limited (UOB) is recently attempting to keep abreast of current banking trends by striking relationships with more agile fintech companies. It has been said