Virtual Banking

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

Read More

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

Read More

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

Read More

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’

Read More

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

Read More

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

Read More

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

Read More

Fraud Attacks Increase Amid Rising Digital Banking Adoption

The COVID-19 pandemic and the measures put in place to limit the spread of the virus have drastically accelerated adoption of digital banking and contactless payments. Across Southeast Asia, banks have ramped up their digital efforts to respond to the

Read More

Enterprise Open Source and the Future of Banking

Financial services are in the midst of a profound digital transformation, driven by technological advances, changing customer expectations, and the COVID-19 pandemic. The ongoing public health crisis has accelerated the shift to digital, and at this point, it is safe

Read More

Razer Rolls Out Insurance Offering with FWD for Beta Users

Razer Fintech is deepening their collaboration with FWD Singapore (FWD), by providing insurance coverage to its users in Singapore as part of the recently launched Razer Card The former had recently collaborated with Visa, to unveil the Razer Card which will

Read More