SINGAPORE: There is a tongue-in-cheek joke that the coronavirus did far more for digital transformation than any company’s most well-intentioned Chief Innovation Officer (CIO) or Chief Technology Officer (CTO). Because…
A TOTAL of 21 digital bank applications were received by the Monetary Authority of Singapore (MAS), the regulator said on Tuesday. This comprises 14 applications for the digital wholesale bank licences,…
Despite initial interest, a consortium made up of Singaporean lender OCBC, marine giant Keppel and peer-to-peer lending platform Validus has decided not to pursue a digital banking license in…
About three dozen firms including ride-hailer Grab, Standard Chartered and Singapore Telecommunications are in talks to form consortiums that can meet tough entry norms to bid for Singapore's digital bank…
Oversea-Chinese Banking Corp (OCBC) is well placed to take on Chinese technology giants that are looking to join Singapore's digital banking market, its top executive said. The entry of such…
SOUTH-EAST Asia's largest lender happens to be its most tech-savvy. Why then is Singapore's DBS Group Holdings Ltd missing out on some of the region's hottest deals in digital banking?…
What has changed a decade after the global financial crisis? Except for the last phases of Basel III – a worldwide structure created to advance budgetary framework soundness – most…
Striking the balance between mobile and online offerings as well as physical branches is key. As digital business becomes more important and customers seek an efficient and easier way to…
It will allow individuals to store key personal information needed for online transactions. South Korean lenders KEB Hana Bank and Woori Bank have joined forces with other industry leaders to…
Malaysian Islamic banks could lean on their parent groups cashing in to boost digital drive. Whilst the digitization of Islamic banking across the region has beared witness to significant progress,…