Virtual Banking

LINE Rolls Out Its Third Digital Bank in Indonesia With Hana Bank

LINE Financial Asia, an affiliate of LINE Corporation, announced the launch of its digital banking platform in Indonesia, in a collaboration with PT Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank. This is the third market in

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Banking Consumers Want Financial Empowerment, Not Just Apps

Consumers don’t just want shiny apps and digital banking, they want to feel that their bank is a partner who can help them reach financial empowerment. That is the finding of a new ethnographic study by Finastra, which has gone

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BRI Agro Inks Deal With Payfazz to Expand Its Digital Banking Offerings

PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has inked a deal with local agent-based fintech company Payfazz. Using the API (application programming interface) of its signature digital lending app Pinang, BRI Agro’s digital savings and lending solutions will be channeled

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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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What Have Singapore’s Digital Banks Been up To?

It has been six months since The Monetary Authority of Singapore (MAS) announced the four successful applicants for Singapore’s inaugural digital banks. A Grab-Singtel consortium and SeaMoney (an entity wholly owned by Sea Group) snagged digital full bank (DFB) licenses

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Aspire’s Business Account Transacts Over a US$ 1 Billion One Year from Launch

Y-Combinator backed fintech Aspire has reached US$1 billion in annualised transaction volumes within one year of the launch of its business accounts in May 2020. The firm also announced the launch of its Bill Pay feature, which automates a company’s

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BRI Appoints New CEO for its Digital Bank

Bank Rakyat Indonesia (Bank BRI) announced that its subsidiary PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has appointed Kaspar Situmorang as its new CEO. Situmorang’s digital banking acumen will be key at BRI Agro, where the new CEO has been

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ZA Tech Opens New Asia Fintech Center In Singapore

ZA Tech Global Limited (“ZA Tech”), the technology venture founded by ZA International and backed by Softbank’s Vision Fund 1, has today announced the opening of its Asia Fintech Center (AFC) in Singapore, dedicated to exploring financial services innovation and

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Singapore-Based Neobank StashFin Raises US$ 40 Million in Series B Extension

StashFin, a Singapore-based neo-banking startup, announced the successful completion of the extension of its Series B equity financing of US$ 40 million. New investors participating in the round include Altara Ventures and Uncorrelated Ventures with previous investments from Integrated Capital,

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In APAC, Southeast Asia Consumers are Most Receptive to Challenger Banks

Two out of three banking customers in Asia Pacific (APAC) are either relatively open or inclined to consider fintechs and challenger banks which they perceive as being successful in addressing customer pain-points and facilitating customer journeys, a new survey found.

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