Financial Technology
Thailand is developing its digital currency for interbank transactions
Thailand is developing its digital currency for interbank transactions
‘Project Inthanon’ could accelerate transaction and validation processes.
Asian banks urged to embrace fintech to slash compliance costs
Facial recognition tech might be useful to combat money laundering attempts.
Hong Kong publishes guidelines for virtual banks in Smart Banking push
The central bank is aiming to award licenses towards the end of the year.
Singapore beats Hong Kong in open banking readiness
Strong regulatory support from MAS buoyed the lion city to score the APAC crown.
Shanghai Pudong Development Bank taps Ant Financial for digitisation programme
The bank will leverage the firm’s tech expertise in AI, supply chain finance and biometric identification.
Philippine banks link up to pilot blockchain for retail payments
A major lender is connecting with rural banks in the Southern area of the country.
Japanese regional banks form fintech joint venture in bid for survival
Seven lenders will take a stake of little over 14% in the JV.
ICBC (Asia) ramps up digital investments for cross-border finance
The bank has tapped on Huawei for its growing IT infrastructure needs.
Bank of Ayudhya pilots successful blockchain cross-border fund transfer from Thailand to Singapore
The transaction was made on the Krungsri Blockchain Interledger.
China Everbright Bank taps on Alibaba's Ant Financial for fintech programme
The tech firm will help the bank develop cloud platforms and AI applications.
OCBC to roll out fingerprint-based credit card payments
This eliminates the need for multiple payment devices.
DBS ramps up digital investments to outbid China's non-bank fintech giants
The Singapore lender has invested about $3.5b to upgrade its technological infrastructure.
Fintech loan platform pushes to be Hong Kong's first licensed virtual bank
WeLab is backed by financial heavyweights like Alibaba and IFC.
Hang Seng Bank rolls out AI chatbot for business banking
The virtual assistant BERI will be available on the bank’s website and mobile app.
Indonesia eyes tighter fintech regulations to curb loan shark activity
Fintech firms will be compelled to be registered with authorities.
Hong Kong banks authorised to apply fintech in credit assessment
Instead of collecting income proof, banks may use big data and other fintech.
UOB to offer cloud-based solutions for SMEs
UOB BizSmart can help businesses automate administrative processes.
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