Virtual Banking

Singapore’s Aspire Raises US $158 Million to Build the “Salesforce” of Finance

Y-Combinator-backed Aspire announced today they have raised US$ 158 million in their Series B round. Founded in 2018 by Lazada founders and former executives, Aspire provides “all-in-one financial services” to entrepreneurs and has served over 10,000 businesses across South East

Read More

In Asia Pacific, Super Apps Are Leading the Digital Banking Race

In Asia-Pacific (APAC), super-apps are not only redefining consumers expectations in banking; these platforms are straight out leading the digital banking race, according to a new report by Swiss digital banking tech provider Banking, Payments: Context (BPC) and Dutch fintech

Read More

Vietnam’s Digibank ÜBank Leverages Backbase to Roll out 50 New Features in a Month

Übank, Vietnamese digital bank powered by VPBank, has partnered with digital banking software provider Backbase to leverage its cloud solution to enhance the bank’s mobile banking experiences and offerings. The digital bank reportedly managed to release of nearly 50 new

Read More

StanChart Signs Deal With NTUC Enterprise to Set Up Its Digital Bank in Singapore

Standard Chartered announced that it has formed a digital banking joint venture with the social enterprise division of the National Trades Union Congress known as NTUC Enterprise. The SC Bank Solutions will be Standard Chartered’s second separately licensed digital bank

Read More

Vietnamese Incumbents Tap Fintech Partnerships in Digital Banking Push

Vietnam’s young and digitally-savvy population, low rates of formal financial inclusion and high smartphone ownership and Internet penetration, make the country’s banking and financial services industry ride for disruption. Against this backdrop, incumbents are teaming up with fintech companies and

Read More

Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework

When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these

Read More

Vietnamese Digital Bank Cake Taps Mambu’s Cloud Platform to Scale Its Operations

Vietnamese digital bank Cake announced that it has selected cloud banking platform Mambu to scale its business towards offering a full suite of digital banking services. Launched in January 2021, Cake is a collaboration between Be Group, the organisation behind

Read More

Vietnamese Digital Bank Timo Taps Mambu’s Cloud Banking Platform

Vietnamese digital bank Timo announced that it is partnering with SaaS cloud banking platform Mambu to leverage the benefits of a cloud native core banking platform to significantly scale its business. Timo said that its “collaboration with both Mambu and

Read More

Only 5% of The World Challenger Banks Are Profitable, Most of Them Are From Asia

Out of the 50 digital challenger banks operating in Asia Pacific (APAC), just ten operators are profitable. These providers are primarily located in China and Japan, indicating that the two nations offer the most mature and developed digital banking landscapes

Read More

85% Of Consumers in SEA Adopt Cashless Payment Solutions

Within Southeast Asia, 85 per cent of consumers adopt some form of cashless payment solution, a study by Visa has revealed. Visa’s Consumer Payment Attitudes Study 2021 also found 46 per cent of Southeast Asian consumers carry less cash in

Read More