Virtual Banking

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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Robocash Raises Pre-IPO Round for Philippines Digibank Despite Revoked Lending License

Robocash Group opened a US$5 million pre-IPO funding round to finance the launch of its digital bank in Philippines called Una Bank by September 2020. This move is in preparation for an initial public offering (IPO) on the Australian Stock

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SingSaver Finds More Boomers Shifting to Digital Banking Post COVID-19

The COVID-19 outbreak has prompted Singaporeans to embrace more digital services when taking charge of their finances – and this is a shift that the majority believe will stick post-pandemic, a survey by personal finance website SingSaver found. Conducted in

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RCBC’s “Taglish SuperApp” DiskarTech to Target Millions of Unbanked Filipinos

Rizal Commercial Banking Corporation (RCBC) has launched what they described as the country’s first all-in-one “Taglish” inclusion super app, DiskarTech. Taglish refers to the Philippine language Tagalog infused with American English terms that has been widely used by Filipinos locally

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Philippines Launches Overseas Filipino Bank, a Government Owned Digital Bank

The national government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), announced this week the launched the Overseas Filipino Bank (OFBank) as a digital-only bank that allows clients to complete bank transactions anytime

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Mastercard Supports Digital Bank Platform in APAC

Mastercard and EedenBull have extended their strategic partnership from Europe to the Asia Pacific region to support the fintech company’s launch of a new digital platform for banks and businesses to process spending and payments more efficiently. New regulations, new

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How TikTok’s Owners Are Evolving from Your Kid’s Social Media to Becoming Your Bank

TikTok’s owner ByteDance is making inroads into fintech as the Chinese tech company is said to be negotiating a tie-up with an investment group linked to Singapore’s Lee business family, according to a Financial Times (FT) report. The Lees are

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