Vietnam
Vietnam’s Digibank Timo Bolsters Its Board With 2 New Appointments
Vietnam’s digital bank Timo has announced two new additions to its Global Advisory Board; Nirukt Sapru, former CEO of Standard Chartered Bank Vietnam and Nam Tran, Co-Founder and Chairman of Moca. Additionally, Timo has concurrently made a series of additional senior
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How CIMB and Finhay Are Delivering Diversification Through Embedded Finance in Vietnam
Embedded finance will transform the role of finance, making it contextual, convenient and cost-effective. Instead of finance being a stand-alone function, it will get ingrained into the lifestyle of customers, whether it is making credit available at the point of
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VP Bank’s Subsidiary FE Credit Migrates Its Mission-Critical Apps to AWS’ Cloud
Amazon Web Services (AWS) announced that FE CREDIT, a consumer lender in Vietnam and subsidiary of VP Bank, is moving the vast majority of its IT infrastructure to cloud. With the move to AWS, FE CREDIT said that it is
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BNPL Platform Fundiin Secures Funding for Vietnamese Market Expansion
Fundiin, a Vietnamese Buy Now, Pay Later (BNPL) platform, has raised an undisclosed sum during its venture funding round led by 1982 Ventures and Zone Startups Ventures. This round of funding will allow Fundiin to expand their early lead in
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Bangkok Bank Unveils Cross-Border QR Payments Between Thailand and Vietnam
Bangkok Bank has unveiled cross-border QR payments between Thailand and Vietnam with the cooperation of the Bank of Thailand (BOT) and State Bank of Vietnam (SBV), claiming to be the first to do so. The service provided by Bangkok Bank
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Latvian Startup Jeff App Raises $1 Million for First Market Launch in Vietnam
Jeff App, a Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round. Jeff App said that the funds will be used to launch new products and fuel growth
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How COVID-19 Served as a Catalyst for Digital Insurance in Vietnam
In Vietnam, COVID-19 has been a catalyst for digital transformation in the insurance sector, forcing incumbents to ramp up their digital capabilities and embrace technology. Post and Telecommunication Joint Stock Insurance Corporation (PTI), one of the Vietnam’s top three non-life
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Competition Heats up in Vietnam’s Mobile Payment Landscape
Competition for Vietnam’s young, digitally savvy population is heating up in the mobile wallet and digital payment space. Over the past year, no less than 9 non-bank organization joined the sector and regulatory changes introduced in 2020 could very well
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Vietnamese Digital Bank TNEX Selects AWS for Its Cloud Services
TNEX, the digital banking arm of Vietnam Maritime Commercial Joint Stock Bank (MSB), announced that it has selected Amazon Web Services (AWS) as its preferred cloud provider. MSB, one of Vietnam’s commercial banks, was said to have been built TNEX
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Open Banking Makes Inroads in Vietnam
In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape. So far, at least two local banks have launched developer portals and are
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