BankingFeaturedSingapore’s virtual bank accounts to increase by 30% by 2026IFM CorrespondentOctober 11, 2021 by IFM CorrespondentOctober 11, 2021 Currently, only 18 percent of adults in the country have virtual bank accounts.... Read more
BankingFeaturedMonetary Authority of Singapore launches data-sharing platform to combat money launderingIFM CorrespondentOctober 5, 2021October 5, 2021 by IFM CorrespondentOctober 5, 2021October 5, 2021 The platform is named Cosmic and it will enable financial institutions to securely share information on customers or transactions... Read more
BankingFeaturedVIB strikes double-win at International Finance Awards 2021WebAdminSeptember 28, 2021September 28, 2021 by WebAdminSeptember 28, 2021September 28, 2021 The bank’s monumental effort helped establish Vietnam as the first country in SEA to issue a card line that integrates credit cards and payment cards features... Read more
BankingFeaturedConsumer use of digital banking accelerates in Asia–Pacific: McKinseyIFM CorrespondentSeptember 27, 2021September 27, 2021 by IFM CorrespondentSeptember 27, 2021September 27, 2021 Number of digital banking users in APac rose from 54% in 2017 to 88% in 2021... Read more
BankingFeaturedDeutsche Bank acquires Berlin-based payment service provider Better PaymentIFM CorrespondentSeptember 21, 2021 by IFM CorrespondentSeptember 21, 2021 The deal is expected to help Deutsche expand its market share in the fast-growing online payment processing market... Read more
BankingFeaturedPublic Bank is the first Malaysian bank to facilitate retail-based QR payment with ThailandWebAdminSeptember 7, 2021September 7, 2021 by WebAdminSeptember 7, 2021September 7, 2021 PBe QR service will now support DuitNow QR Cross Border Payment between the two countries... Read more
BankingFeaturedTreasury Department a major contributor to Ahli United Bank Kuwait’s profitabilityWebAdminSeptember 6, 2021September 6, 2021 by WebAdminSeptember 6, 2021September 6, 2021 Digital platforms and automation of processes were the main focus in Treasury from front to back and end-user... Read more
BankingFeaturedBank of Africa to launch a new innovative offering for South to North money transfersWebAdminSeptember 3, 2021 by WebAdminSeptember 3, 2021 In order to do so, it has partnered with Sopra Banking Software (SBS)... Read more
BankingFeaturedBank North becomes UK’s newest SME bank after acquiring operating licenceWebAdminAugust 26, 2021 by WebAdminAugust 26, 2021 The bank will open the doors of its first lending Pod in Manchester... Read more
BankingFeaturedAjman Bank-Kamel Pay partner to bring innovative payment solutions to the UAEWebAdminAugust 23, 2021 by WebAdminAugust 23, 2021 The partnership will have a substantial impact on the adoption of secure and cashless payments across the UAE... Read more