Virtual Banking

Mambu Replaces Vietnamese Digibank Cake’s Core Banking Platform in Under 3 Months

SaaS cloud banking platform Mambu has worked with Vietnamese digital bank Cake, a collaboration between Be Group and VPBank, to replace its core banking technology in just 74 days. The core replacement project will enable Cake to rapidly launch flexible

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Digital Banking Reaches New Level of Maturity in APAC

In Asia-Pacific (APAC), the COVID-19 pandemic has brought the digital banking industry to a new level of maturity with penetration now approaching 90% across the region. This surge was largely driven by emerging markets, where adoption soared 33% points between

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Ribbit Capital Snaps up a Minority Stake in Indonesian Digital Bank Jago

Venture capital firm Ribbit Capital has snapped up a minority stake in Bank Jago, a Gojek-backed digital bank. Ribbit Capital had previously invested in Tinkoff, Revolut, BharatPe, Robinhood, Affirm, Nubank, Coinbase and Credit Karma. Prior to this, ride hailing super app

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TMRW to Merge with UOB Mighty As Part of UOB’s S$500 Million Digital Initiative

UOB will invest up to S$500 million to bring together the innovation of its digital bank TMRW with the scale and product depth of its mobile app UOB Mighty on one platform dubbed as UOB TMRW. The bank will roll

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Singapore’s Aspire Raises US $158 Million to Build the “Salesforce” of Finance

Y-Combinator-backed Aspire announced today they have raised US$ 158 million in their Series B round. Founded in 2018 by Lazada founders and former executives, Aspire provides “all-in-one financial services” to entrepreneurs and has served over 10,000 businesses across South East

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In Asia Pacific, Super Apps Are Leading the Digital Banking Race

In Asia-Pacific (APAC), super-apps are not only redefining consumers expectations in banking; these platforms are straight out leading the digital banking race, according to a new report by Swiss digital banking tech provider Banking, Payments: Context (BPC) and Dutch fintech

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Vietnam’s Digibank ÜBank Leverages Backbase to Roll out 50 New Features in a Month

Übank, Vietnamese digital bank powered by VPBank, has partnered with digital banking software provider Backbase to leverage its cloud solution to enhance the bank’s mobile banking experiences and offerings. The digital bank reportedly managed to release of nearly 50 new

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StanChart Signs Deal With NTUC Enterprise to Set Up Its Digital Bank in Singapore

Standard Chartered announced that it has formed a digital banking joint venture with the social enterprise division of the National Trades Union Congress known as NTUC Enterprise. The SC Bank Solutions will be Standard Chartered’s second separately licensed digital bank

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Vietnamese Incumbents Tap Fintech Partnerships in Digital Banking Push

Vietnam’s young and digitally-savvy population, low rates of formal financial inclusion and high smartphone ownership and Internet penetration, make the country’s banking and financial services industry ride for disruption. Against this backdrop, incumbents are teaming up with fintech companies and

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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework

When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these

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