Virtual Banking

UOB Launches Digital Bank TMRW in Indonesia

UOB Indonesia launched TMRW, its digital bank to serve the Indonesian market as part of the group’s strategy to accelerate growth of its regional customer franchise, which follows their initial launch in Thailand in 2019. A key feature that they

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Partnerships Between Fintechs and Financial Institutions Drive Faster Innovation in ASEAN’s Digital Banking Sector

In Singapore, the first digital banking licenses are expected to be granted by the end of this year, marking the debut of a new area in the city-state’s banking industry. In June last year, the Monetary Authority of Singapore (MAS)

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AMTD Group Chairman Talks Ecosystem Building, Fintech Talent Building, and More

Financial services group AMTD has reached numerous milestones this year as part of its fintech push. For Calvin Choi, chairman of the AMTD Group, the priorities now are centered around building up its ecosystem across the whole Asian region and

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Diskartech’s Taglish Digibank App Sees 8 Downloads by Filipinos Every Minute

Barely three weeks after its launch, more unbanked and underserved Filipinos are now downloading the country’s first and only Taglish inclusion super mobile app, DiskarTech. Taglish refers to the Philippine language Tagalog infused with American English terms that has been

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Singapore Based Digital Banking Startup Percipient Raises US$ 5 Million

Singapore digital banking technology company Percipient has raised US$5 million (S$7 million) funding from Silicon Valley-based venture capital Stat Zero which will be used to support the launch of its “digital twin solution”. The solution named TWINNTM is described to

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APAC Banks Ramp up Digital Transformation to Prepare for Next Normal

The COVID-19 pandemic, the entry of digital banks as well as changing customer expectations are accelerating banks’ digital transformation plans. In Asia Pacific (APAC), 44% of the top 250 banks are now focused on completing their “connected core” transformation and

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AMTD Announces a Flurry of Partnerships and the Name of Its Digibank

AMTD Group announced today several industry partnerships that it has established in efforts to better serve SMEs in Asia. It has entered into two separate partnerships, one of which is with GlobalLinker that is aimed at helping Asian SMEs in

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Philippines’ Digital Bank tonik Announces Partnership With Mastercard

Fresh off raising their US$ 21 Million Series A round, tonik announced today a partnership with Mastercard, which will allow its users access to Mastercard’s global network. This will enable its users to make payments anywhere with any merchants who

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Singapore Digibank Contender Picks Tencent’s Cloud Platform

Digibank contender Asia Digital Banking Corporation announced today that it will be using Tencent Cloud’s services to provide digital banking to SMEs in Singapore. Tencent Cloud is the cloud computing arm of Chinese internet giant Tencent. Operating in 25 regions

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Will Digibanks Change Banking in Singapore as We Know It?

The rise of digibanks is changing the way Singaporeans interact with their bank. As customers demand better user experiences and personalized offers, banks are having to re-think the way they serve customers. However, legacy infrastructure and internal data silos mean

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