Virtual Banking
A List of Digital Banks in Asia
Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack
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Trust Bank Offers In-App Travel Insurance by Income
Singapore’s Trust Bank announced that its customers are now able to purchase affordable travel insurance by Income Insurance within its app which takes about a minute to complete. This latest launch combined with Trust Bank’s card with zero FX fees
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Tyme Pulls in US$77.8 Million for Ongoing Pre-series C Raise
Tyme, a multi-country digital banking group headquartered in Singapore, has secured funding from two new shareholders – Africa-focused tech growth fund Norrsken22 and global impact investment firm Blue Earth Capital as part of its Pre-Series C capital raise. This brings
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Trust Bank Rolls Out Supplementary Credit Card With Instant Issuance
Singapore’s Trust Bank has launched its supplementary credit card where the application process is fully digital and will be issued instantly to its customers. The principal card holder will now be able to invite the supplementary card holder through the
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Revolut Singapore Users Can Now Exchange and Store 7 New Currencies in the App
Revolut, a global neobank with more than 28 million customers worldwide, announced that its Singapore users will be able to exchange and store seven new currencies within the app. The additional currency accounts include Indian rupee (INR), Philippine peso (PHP),
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Australia’s Alex Bank Taps Temenos to Roll Out Its Term Deposits Offering
Australia’s digital bank Alex has gone live with its fixed term deposits offering on banking software company Temenos‘ cloud platform. Temenos said that it had partnered with Alex Bank to design, test, and implement the new offering over less than
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Revolut Enables Singapore Customers to Link With 6 Banks for In-App Top-Ups
Revolut, a global neobank with more than 28 million customers worldwide, announced that its Singapore customers will be able to link, and top-up directly from up to six different bank accounts within the app. This feature is enabled by electronic
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OCBC Expands Programme to Teach Digital Banking to Another 2000 Seniors
OCBC Bank announced that it will be expanding its Digital Silvers programme to upskill an additional 2,000 seniors with digital banking skills. The OCBC Digital Silvers is a one-on-one training programme for elderly customers aged 60 years and above to
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The Bank of Thailand Delays Virtual Bank Licensing Regulations Release
The Bank of Thailand (BOT) has announced that it will postpone the release of the final Virtual Bank Licensing Regulations to the third quarter of this year. The decision was made after the bank received feedback and questions from stakeholders,
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iFast Launches Cross-Border, Multicurrency Digital Banking Platform
iFAST Global Bank (iGB), the digital banking division of Singaporean wealth management fintech firm iFAST Corporation Ltd., has introduced a Digital Personal Banking (DPB) platform to expand its financial ecosystem. The DPB platform will provide online personal banking services to
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