Virtual Banking

Are Digital Banks Breeding a Risky Competitive Climate Singapore?

Technological developments have accelerated the transformation of financial services, leading to the explosion of digital banks worldwide. In Singapore, the entry of digital banks into the local financial system is driving economic innovation and enhancing financial inclusion, according to a

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CIMB Philippines Partners SeaMoney to Onboard 2.5 Million BNPL Customers in 2023

CIMB Bank Philippines has partnered with Southeast Asia’s digital payments provider SeaMoney to onboard 2.5 million customers for its Buy Now, Pay Later (BNPL) platform SPayLater in 2023, doubling the 1.3 million users SPayLater currently has in the country. SPayLater

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Trust Bank Selects Thought Machine to Power Singapore’s New Wave of Digital Banks

Thought Machine, a cloud-native banking technology company, announced that it is powering Singapore’s cloud-native digital bank Trust. Leveraging Thought Machine’s technology, Trust has designed a world-class solution with an intuitive customer experience combining best-in-market rewards with a suite of products.

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AWS Powered Trust Bank to Onboard More Than 300,000 Users in Two Months

Amazon Web Services (AWS) Singapore, an Amazon.com company, has been powering Singapore’s built-in-the cloud digitally-native bank Trust to onboard more than 300,000 customers in two months. Through the partnership with AWS, Trust has the agility to rapidly improve its offerings

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Trust Bank Partners With Perx Technologies to Offer Over 120,000 Digital Coupons

Singapore’s digital bank Trust announced that it has formed a partnership with Perx Technologies, a SaaS lifestyle marketing platform provider to boost its customer engagement. Perx’s customer engagement platform uses gamification and behavioral science to create hyper-personalised interactions for meaningful

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43 New Challenger Banks Have Entered the Market This Year

Over the past year, 43 new digital challenger banks have been launched around the world, bringing the total number of players to 291, data acquired by Finbold, a platform that covers news on finance, cryptocurrencies and fintech, show. The figure

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Reuben Lai Is the Latest in a Series of High Profile Exits for Grab’s Fintech Business

GXS Bank (GXS)’s executive director and Head of Regional Office, Reuben Lai, has decided to leave the Bank at the end of 2022. Along with his resignation as an executive director, Reuben will be stepping down from his appointment as

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Ant’s ANEXT Bank Launches Embedded Finance Platform for SMEs

ANEXT Bank, Singapore’s digital wholesale bank and a wholly-owned subsidiary of Ant Group, will collaborate with industry specialists to expand the breadth of service offerings for SMEs on their platforms to include the bank’s digital financial services. The ANEXT Programme

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Vietnamese Digital Bank Timo and OpenWay Bag Award for Payments Software

Vietnamese digital bank Timo and OpenWay, a digital banking and payment software platform, received the Vietnam Technology Excellence Award for Payments Software for its digital banking platform. The award programme recognises major breakthroughs and innovative ways that technology is used

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Vietnamese Digibank Timo Promotes Jonas Eichhorst as New CEO

Vietnam-based digital bank Timo announced that its Chief Financial Officer, Jonas Eichhorst has been promoted as CEO and will retain his position on the board of directors. In his new leadership role, Jonas will continue to work closely with Henry

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