Virtual Banking

Standard Chartered Partners Bukalapak to Launch Digital Banking Offerings

Standard Chartered has formed a strategic partnership with Bukalapak to launch digital banking offerings which will be hosted on the nexus platform which is a banking-as-a-service solution by SC Ventures. Through this partnership, Standard Chartered and Bukalapak aims to bring

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eKYC to Fuel Asia’s Digital Banking Revolution

In Southeast Asia, governments are pushing for greater adoption of digital financial services by introducing favorable regulations on digital onboarding, digital banking, and more, experts said on December 3, 2020. During a virtual panel discussion with Fintech News last week,

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StanChart Inches Closer to Singaporean Digibank After New Classification by MAS

Standard Chartered Bank (Singapore) Limited (SCBSL) has been awarded enhanced Significantly Rooted Foreign Bank (SRFB) privileges by the Monetary Authority of Singapore (MAS), indicating that it is making moves for a second digital-only bank after its launch of Mox. The

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Razer Fintech Shifts Digital Banking Focus to Malaysia and Philippines

The Monetary Authority of Singapore announced last week the 4 entities who were awarded digital banking license. Digital banking hopeful Razer Fintech was not among the list. Responding to the announcement from MAS, Razer Fintech CEO, Lee Li Meng said

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Grab-Singtel to Hire 200 Roles by 2021 to Build Its Digital Bank

Fresh off securing their full digital banking license in Singapore, the Grab-Singtel constortium announced that they have appointed Charles Wong as the CEO and they will be looking to set up a dedicated team and fill around 200 roles by

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Grab, SEA and Ant Among Those Who Secured Singapore’s Digital Banking License

The Monetary Authority of Singapore (MAS) announced four successful digital bank applicants. The full digital bank license was awarded to the Grab-Singtel consortium and SEA Group best known for its brands; Shopee and Garena. Meanwhile the digital wholesale bank license

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Challengers Bank Raised Over US$6.8 Billion in 2020 to Disrupt Traditional Banking

Challengers banks continue to attract investors’ interest, raising US$2.4 billion through 58 deals in Q3’20. This brings the total amount of funding raised by digital banking players so far this year to more than US$6.8 billion, according to CB Insights’

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Southeast Asia’s Young, Tech-Savvy Population Drives Rise of Data-Driven Banking

Southeast Asia’s young, digitally-savvy and unbanked populations are driving the rise of digital banking, forcing financial services companies to unlock the power of data to provide better, more personalised and more affordable products and services, explained Arvid Swartsenburg, Head of

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Digibank Aspirant Selects Mambu for to Build its Digital Bank UNO in Philippines

DigiBankASIA, a Singapore-headquartered fintech currently building its digital bank dubbed as UNO, has selected cloud banking platform Mambu for its technology platform. The company has selected Philippines for UNO’s pilot launch and they said that they are currently working with

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Digital Banking Heats up in Vietnam Amid COVID-19, Booming E-Commerce Sector

In Vietnam, digital banking development is accelerating on the back of rapid fintech adoption, a booming e-commerce industry and the COVID-19 pandemic. Social distancing measures put in place to prevent the spread of the virus have pushed consumers towards online

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