News
Snapshot of online-only banks status in Asia
Financial regulators across Asia are creating new rules for online-only banks as they seek to shake up often staid markets – snapshot here. Read more…
banking
News
Revolut wants to raise $500 million to expand into Japan, US
British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree Read more…
Off the Wire
SWIFT publishes new standard for pre-authorisation of funds
SWIFT has published a new API standard for the Pre-authorisation of funds, allowing further innovation in financial services enabled by Open Banking. Read more…
News
Asia’s non-banking firms keen to challenge Singapore banks
Asia’s non-banking firms keen to challenge traditional banks in Singapore by leveraging their technology and user databases to offer banking services. Read more…
Features
Hong Kong banks gear up to be cool, cheap and fight off challengers
Hong Kong’s biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels. Read more…
News
Asian banks facing threats from transformation and technology
Asia-Pacific banks must radically reform and slash costs as rapidly increasing competition from technology firms moving into banking transforms the sector Read more…
Views
Building ethical AI into banking innovations
For the banking sector to engender trust in AI technology it is vital that innovation using AI is both ethical and explainable. Read more…
News
Singapore studying if fintechs should operate digital-only banks
Singapore’s central bank said it is studying whether to allow financial technology firms (fintechs) to operate digital-only banks in the city-state. Read more…
Views
Defining financial inclusion and its true value to society
At least 1.5 billion adults worldwide do not have access to financial services and, as a result, are not benefiting from financial inclusion. Read more…
Views
Forget AI, banks need to get rid of legacy systems to stand a chance
Banks will not stand a chance against FinTech start-ups crowding into the profitable bits of the market unless they fix their basic problems. Read more…