OCBC Bank in Singapore’s first instant account opening
You can now open an account with OCBC in Singapore in less than five minutes online.
Singapore
Julius Baer live with Temenos wealthtech
Private banking group has completed its migration.
OCBC goes all Touché feely for biometric-based payments
All at the touch of two fingers.
OCBC Bank unleashes $20m workforce digital programme
$20 million, three years, and 29,000 employees.
Singapore to fast track applications for fintech inventions
Approval can now be granted in as quickly as six months.
CFTE launches AI in Finance online course
Giving financial professionals a good grasp of the emerging tech shaping the industry’s future.
OK Google, says OCBC Bank
OCBC Bank has delivered another “Singapore’s first” in collaboration with Google.
OCBC Bank Singapore’s first in instant digital card issuing
Within minutes of applying for an OCBC Bank card, you could be using it via Apple Pay.
Fintech funding round-up: 6 April 2018
Stars PeerStreet, UK Finance and CardUp.
DBS dangling digital payments bait to corporate clients
Targets 30% reduction in corporate cheque payments by 2020.
Bambu goes global with new office and talent
In fintech, when the going is good, the good go global.
TSB joins lendtech race with Business Marketplace
Plans to become UK’s first high street lender to link to rival’s digital deals.
Infographic: the power of $1
Instarem presents a series of infographics to find out what $1 can do for you.
Standard Chartered hit with $4.8m fine for AML and CFT breaches
Risk management and controls were “unsatisfactory”.
OCBC Bank to be “AI-first” with new AI unit
OCBC Bank will invest up to $10 million in its new AI lab, AI Lab@TOV, over three years.
OCBC Bank first in Singapore to launch voice-powered banking
“Hey Siri, what’s my balance?”
Singapore’s FinLab unveils SME accelerator programme
Four-month programme will start in March and eight places are up for grabs.
Singapore regulator gives customer onboarding guidance
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
Yusen Logistics favours Fiorano for digital revamp
The integration backbone for all inbound and outbound client traffic in Singapore.
Schroders first in Singapore to launch asset manager chatbot
Beta version now online operating through Facebook Messenger.
Singapore insurtech firm Etiqa nets deals with Ministry of Finance and DBS Bank
First insurer to integrate with MyInfo, a digital data vault launched by the GovTech and the Ministry of Finance.
DBS creates lifestyle branch for tech generation
In a move to attract the tech generation to branches, Singapore’s DBS has launched a “lifestyle space” providing freshly brewed coffee, interactions with humanoid robots and a virtual reality (VR) area for retirement planning.
Robots have got OCBC’s retail banking backend covered
Hey humans! Feeling down? Well let’s get down some more. OCBC Bank has launched two robots to enhance internal backend processing speeds in its retail banking secured lending (CSL) and finance teams. The robot attached to the CSL team assists with housing loan re-pricing. This includes processing time, which “has been almost entirely reduced” (i.e. […]
Standard Chartered and Axis Bank launch cross-border payments via Ripple
Standard Chartered and Axis Bank have unveiled a real-time cross-border payment service for corporates using Ripple’s distributed ledger technology (DLT) solution. This offering is now commercially available between Standard Chartered (Singapore) and Axis Bank India, and, accessible through Standard Chartered’s corporate digital banking platform, Straight2Bank. Himadri Chatterjee, president, transaction banking, Axis Bank, says by using […]
Singapore regulator calls for more feedback on payments law
The Monetary Authority of Singapore (MAS) has launched a second consultation on its proposed regulatory framework, known as the Payment Services Bill. According to MAS, the Bill will streamline the regulation of services under a single legislation, expand the scope of regulated activities to include virtual currency services and “calibrate regulation according to the risks […]
Hong Leong Finance in risk management tech revamp with Kamakura
Hong Leong Finance has signed for Kamakura Corporation’s risk management software, following “a comprehensive upgrade exercise involving its risk management processes”, according to the vendor.
DBS launches new cloud-based data centre
DBS Bank has teamed with American multinational firm Equinix to make one of its traditional data centres in Singapore “cloud-optimised”.
OCBC Bank in good shape with digital health insurance plan
Singapore’s OCBC Bank has unveiled the purchasing of health insurance plans via its mobile and internet banking channels. The bank says: “Typically, health insurance plans like critical illness, disability, hospitalisation and surgical are not sold via online channels as they require a health check-up to evaluate the applicant’s medical condition. However, with ‘Early Cancer Care’, […]
OCBC Bank takes AI-m at financial crime
When crime comes calling OCBC Bank won’t be bawling as it has turned to artificial intelligence (AI) and machine learning (ML) for the big fight. The Singapore-based bank says: “On any one typical work day, an OCBC Bank anti-money laundering (AML) compliance analyst would log into the bank’s transaction monitoring system and find up to […]
OCBC Bank first in Singapore to launch face ID recognition for mobile app
OCBC Bank’s retail and business banking customers can now log into the bank’s app via a selfie, if they use Apple iPhone X. The bank says it’s the first in Singapore to offer such biometric tech.
DBS unveils “the world’s largest” banking API developer platform
Singapore-based DBS has launched its API developer platform, which it describes as “ the world’s largest” in the banking space.
Top fintech stories this week – 27 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Validata gains quality assurance tech deal in Singapore
DevOps and application lifecycle management (ALM) tech specialist Validata has gained a new customer in Singapore to deliver quality assurance for its Temenos T24 upgrade project.
ITF to become “the world’s first fintech bank”
A new bank, Into the Future (ITF), is gearing up for launch in Hong Kong and Singapore. Among its investors is Jim Rogers, an American businessman based in Singapore and the co-founder of the Quantum Group of Funds (which he started with George Soros).
Standard Chartered gets personalised for investment ideas in Asia
This time it’s personal. Standard Chartered has launched a digital wealth management tool that can customise investment ideas in a lively and rapid manner. Called Personalised Investment Ideas (PII), the idea is to help “priority banking” clients respond faster to market opportunities with automated investment ideas based on considerations such as their risk profile and […]
Ayondo pursues IPO after reverse takeover deal lapses
Social trading company Ayondo has announced that, despite an earlier reverse takeover bid falling through, it is determined to become the first fintech company to IPO on the Singapore Stock Exchange (SGX).
DBS readies for IFRS 9 with Z-Risk Engine roll-out
Singapore-based DBS is deploying Aguais and Associates’ (AAA) Z-Risk Engine (ZRE) to generate future credit losses on the bank’s wholesale credit portfolio, as it complies with imminent IFRS 9 requirements. According to AAA, the new financial regulations, effective from 1 January 2018, call for banks and other lenders to deliver a regular, predictive point-in-time (PIT) […]
Top fintech stories this week – 6 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Singapore and Thailand mull digital payments alliance
The Monetary Authority of Singapore (MAS) and the Bank of Thailand are in discussions about connecting their national digital payment systems as officials step up efforts to curb the use of cash, according to Bloomberg. The link would bring together Southeast Asia’s first national digital payment platforms, Singapore’s PayNow and Thailand’s PromptPay, says Naphongthawat Phothikit, […]
Singapore sets Phase 2 to stun for blockchain inter-bank payments
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) say that the consortium which they are leading has developed software prototypes for improved payments on blockchain. The prototypes included three different models for decentralised inter-bank payments and settlements with liquidity savings mechanisms. The project, conducted together with 11 financial institutions […]
