Virtual Banking
The APAC Digital Banking Imperative: Fraud Detection + Customer Conversions
In recent years, we have witnessed accelerated growth in Asia’s digital banking sector. More fintechs and newly licensed virtual banks are coming to market to address the unbanked segment, while traditional banks are transforming to manage costs and achieve operational
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Mambu Chooses NetGuardians as Partner for Financial Fraud Mitigation
Swiss FinTech NetGuardians, best known for its AI risk platform that combats banking fraud, today announced a new partnership with banking platform Mambu. The new partnership focuses on digital payment fraud, meaning that NetGuardians’ fraud-mitigation software will be available to
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63% of APAC Customers Willing to Switch to Challenger Banks in 5 Years
63% of banking customers in Asia-Pacific (APAC) are likely to use digital banking services offered by neobanks and challenger banks by 2025, highlighting the urgency for banks to innovate, according to the Fintech and Digital Banking 2025 report by Backbase
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Riding the Cloud to the Bank of the Future
Shifts in consumer behaviour towards digital services are resulting in monumental changes for the banking industry. Highly anticipated digital banking licenses will be awarded in Singapore and Malaysia this year, while the first of the winners of Hong Kong’s new
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Digibanks are Coming to Singapore and It Promises to Shake up the Banking Industry
With Singapore set to deliver its first digital banking licenses later this year, the city-state is preparing for a new era in banking. In June 2019, the Monetary Authority of Singapore (MAS) announced that it would issue up to five
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MAS Extends Digital Bank Assessment Period in View of COVID-19 Pandemic
The Monetary Authority of Singapore (MAS) announced today that it will extend the assessment period for the award of digital bank licences. Successful applicants will be informed in 2H 2020 instead of June 2020 as originally intended. In January 2020,
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Aspiring Digibank MatchMove Acquires Strategic Stake in e-Commerce Firm Shopmatic
MatchMove announced today that they have entered into an agreement with the e-commerce enabler Shopmatic to make a strategic investment into the company with immediate effect. Shopmatic is an e-commerce platform company specializing in providing turnkey solutions to small and
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In Southeast Asia’s Virtual Banking Race, Incumbents Might Have An Early-Mover Advantage
In Southeast Asia, the imminent entrance of virtual banks is set to shake up the banking industry. But despite the potential disruption these are expected to bring, incumbent banks have a lead in the digital banking race, according to a
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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio
Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach
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Mambu to Power Vietnam’s First Digital-Only Bank
Vietnam Maritime Commercial Joint Stock Bank (MSB), one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation. MSB plans to launch
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