PR Savings Bank in core banking tech revamp with Temenos T24
Philippine Resources Savings Banking Corporation is implementing Temenos’ T24 core banking and analytics solutions.
Philippine Resources Savings Banking Corporation is implementing Temenos’ T24 core banking and analytics solutions.
Looking to ride the wave of interest in cryptocurrencies, Telcoin is also hoping to raise funds from an ICO.
First insurer to integrate with MyInfo, a digital data vault launched by the GovTech and the Ministry of Finance.
Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.
Business expense management firm Concur has introduced a new receipt solution, integrated with China’s WeChat platform, that makes it easier for businesses and their employees working in China to track expenses and remain compliant, reports David Penn at Finovate (Banking Technology’s sister company). The technology, Concur e-Fapiao (it means “e-receipt”), gives employers real-time access to an employee’s […]
With our newest conferences – FinovateAsia and FinovateMiddleEast – back-to-back, we wanted to examine unique trends to those regions, reports Julie Muhn at Finovate (Banking Technology’s sister company). Each place has its own distinctive culture, and with that comes not only individual financial needs, but also a particular set of regulatory rules. These factors not only create […]
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.
Malaysia’s largest bank, Maybank, has unveiled its facial and voice recognition authentication for its customers accessing their Maybank accounts using its Maybank2u app.
Southeast Asian fintech start-up Jirnexu has been approved by Bank Negara Malaysia (BNM), the nation’s central bank, to compare, sell, process payments, and issue e-policies for insurance products. Jirnexu says it is the first company in the country permitted to sell select general and life insurance products from multiple providers, and the first to build […]
Through increasing functionality and by consistently pushing boundaries, super apps could have the power to influence, shape and even redefine m-commerce of tomorrow. Tom Wood, co-founder and managing partner of experience design agency, Foolproof, shares his insight on the opportunities that super apps could bring to m-commerce.
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 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 […]
Insurance is an industry at a turning point. Few could have predicted that “innovation” would become one of its watchwords, but as the digital revolution spurred on by insurtech gathers pace fundamental changes are beginning to take hold.
Port Moresby Stock Exchange (POMSoX) has gone live with Nasdaq’s Matching Engine that operates on the Nasdaq Financial Framework platform. The launch of the new trading platform is a result of an upgrade from previous Nasdaq trading technology. The new engine will handle the trading of equities in the Papua New Guinea (PNG) market. POMSoX […]
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 […]
Fujitsu has teamed with Silicon Valley-based Sensory to provide face biometric authentication for Mizuho’s mobile banking. Mizuho is the first customer of the Fujitsu and Sensory partnership and it will be using TrulySecure. This solution’s features include the option to fuse voice and face biometrics recognition together; and it works with Android, iOS, Linux and […]
AIA Hong Kong, a subsidiary of pan-Asian life insurance group AIA, has launched a blockchain solution for bancassurance.
China’s internet giant Baidu and one of the country’s largest lenders, China CITIC Bank, have joined forces to launch a new direct bank, AiBank.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Shoot it in the right direction, make making it your intention, live those fintech dreams, scheme those schemes, and hit me with those alliances and teams. Our friendly round-up features ASEAN Fintech Network, Monetary Authority of Singapore, Polish Financial Supervision Authority and Hong Kong Monetary Authority. Welcome to the ASEAN Fintech Network (AFN), a new […]
Amazon is selling off a portion of its cloud computing business in China to a local partner, but the company still plans to compete in what is a growing market for cloud-based services and infrastructure, reports Enterprise Cloud News (Banking Technology’s sister publication). Beijing Sinnet Technology will buy a portion of Amazon’s cloud business for […]
Standard Chartered plans to deploy a chatbot on its online and mobile banking platforms powered by Kasisto’s conversational artificial intelligence (AI) platform, KAI Banking. The chatbot will act as a virtual personal assistant to help clients manage money, make payments and analyse their spending, via conversations in English and other unnamed languages. The service will […]
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.
A trio of financial organisations have launched the AYA Universal Corporate MPU-JCB co-branded card in Myanmar – the nation’s first corporate credit card targeted for business payment use. Ayeyarwady Bank (AYA Bank), Myanmar Payment Union (MPU) and JCB International (JCBI), the international operations subsidiary of JCB, have teamed up for the new card which has […]
The release of the semiannual Top 500 Supercomputer List is a chance to gauge the who’s who of countries that are pushing the boundaries of high performance computing (HPC). The most recent list shows that China is now in a class by itself, reports Enterprise Cloud News (Banking Technology’s sister publication). China now claims 202 […]
Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s real-time retail payments platform (RPP) using ACI Worldwide’s UP Immediate Payments solution. RPP is an initiative to modernise the country’s infrastructure to all participants in the ecosystem, including banks, institutions, businesses, consumers and the government. PayNet resulted from the merger of Bank […]
DBS Bank has teamed with American multinational firm Equinix to make one of its traditional data centres in Singapore “cloud-optimised”.
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’, […]
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 […]
Mumbai-based Nelito Systems has bagged a multi-country deal with Indian Overseas Bank (IOB) for its Findart data archival and retrieval solution.
Thailand-based Krungsri (Bank of Ayudhya) and IBM have completed a blockchain pilot project to streamline the bank’s contract management process across its offerings.
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.
Singapore-based DBS has launched its API developer platform, which it describes as “ the world’s largest” in the banking space.
AsiaKredit, a Southeast Asia digital consumer lender, has unveiled pera247 in the Philippines – its data-driven consumer lending platform mobile app.
A report released last year by EY and major Singaporean bank DBS declared China the “undoubted centre of global fintech innovation and adoption”. And China isn’t the only Asian country making waves in the fintech sphere. Overall fintech investments in the Asia-Pacific region reached $10.5 billion in 2016 – the highest amount witnessed to date since 2010, according to CB Insights data.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Geoswift, a cross-border payments provider between China and the rest of the world, has unveiled its partnership with Bank of Shanghai to launch a new remittance service in 2017.
Bank of Asia, a start-up digital bank in the British Virgin Islands focused on companies that have ties to Asia, has signed for the Avaloq Banking Suite core platform.
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.
SuperCharger, a fintech accelerator in Asia, has unveiled the opening of applications for its third programme in Hong Kong.