UK: Open banking unleashes business lending race
The UK’s open banking directive is starting to propel SME growth and is having a cascading effect on European banking...
Tag : FinTech
Al Wateen: A unique digital factory in the Kuwait Islamic banking sector
Kuwait’s Warba Bank is pioneering digital banking innovation in the Gulf countries with an in-house centre to develop exclusive digital products and services...
Cashless society: epayments catch fire in Saudi Arabia
Saudi Arabia achieved 36% epayments out of all payments in 2019 against a target of 28% for 2020. Is this growth sustainable?...
UOB taps into $10 bn Asean millennials market with neobank TMRW
The bank says that 70% of ASEAN consumers demonstrate high ecommerce engagement...
XAI is the future of AI in banking
If not handled well, AI-led customer disintermediation could plague banking; but that’s where XAI can help...
UOB’s private equity unit co-leads S$42.2 mn funding of Thai fintech
UOB was among the top three investors in the funding round for Lightnet...
Egypt’s overdue banking act forwarded to legislature
The much-awaited banking law monitors digital payments and financial technologies...
Kenya’s 4G Capital secures $2 mn to finance SMEs
The funding will be used by 4G Capital to increase its customer base in Kenya and Uganda...
Ant Financial acquires ‘significant’ stake in Vietnam’s eMonkey
Despite having an office in Vietnam, Ant Financial has invested in eMonkey because it has an operating license from the State Bank of Vietnam...
Virtual banks in Singapore and Hong Kong: Who has the edge?
Hong Kong and Singapore are licencing virtual banks to serve the underserved and unhappily served – with different approaches...