Tagged: digitalization

June 14, 2021 @ 11:01 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK), an American investment banking services holding company headquartered in New York City with over $380 billion in assets, and Saphyre recently revealed that they’ll utilize AI tech to enhance the customer experience while also automating and expediting client onboarding. This partnership… Read More

June 13, 2021 @ 3:35 pm By Omar Faridi  |  

Earlier this week, Merchantrade Asia, a digital money services business operator and e-money issuer, teamed up with palm plantation management services provider LintraMax in order to digitize the payroll system for underserved plantations workers in Malaysia. Through the partnership, Merchantrade Asia and LintraMax plan to… Read More

June 9, 2021 @ 10:56 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) announced on Tuesday (June 8, 2021) the updated “Fintech 2025” strategy for promoting financial tech development in the Special Administrative Region of the People’s Republic of China. Eddie Yue, CEO at HKMA,  has outlined Hong Kong’s new Fintech strategy,… Read More

June 9, 2021 @ 10:07 pm By Omar Faridi  |  

US-based Broadridge Financial Solutions (NYSE: BR), a tech solutions provider, revealed on Wednesday (June 9, 2021) that it has teamed up with Amazon Web Services (AWS) in order to expand its Private Market Hub platform. The Private Market Hub will leverage distributed ledger technology (DLT)… Read More

June 1, 2021 @ 10:26 pm By Omar Faridi  |  

Hong Kong-based insurance firm YF Life has partnered with HKBN Enterprise Solutions (HKBNES) in order to offer a Google Cloud-enabled Cantonese voice chatbot. The chatbot will be supporting insurance services and is expected to be introduced in early 2022. The chatbot uses Google Cloud‘s AI… Read More

May 31, 2021 @ 10:49 am By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, revealed on Monday (May 31, 2021) that it has priced a SGD 15 million (appr. $11.35 million) digital bond, which marks DBS Digital Exchange’s (DDEx) first security… Read More

May 29, 2021 @ 8:15 pm By Omar Faridi  |  

Baloise, a Swiss insurance holding firm, has introduced its mobility accelerator with the goal of supporting innovative projects launched by early-stage startups under the new tagline [email protected] This latest initiative from Baloise (in Switzerland) has come as the company launches its information platform, which has… Read More

May 11, 2021 @ 10:32 pm By Omar Faridi  |  

Mobiquity, a digital transformation enabler, has teamed up with Kuwait International Bank (KIB), in order to support the institution’s goal of becoming a leading all-digital Islamic or Shariah-compliant financial service provider. Through the partnership, KIB will be working with Mobiquity’s team of experienced professionals –… Read More

May 7, 2021 @ 8:49 am By Omar Faridi  |  

Fintech firm Nivaura has served as the London Stock Exchange Group’s (LSEG) partner in the development of the group’s digital primary DCM Flow platform. The DCM Flow platform’s efficiency and validity have reportedly undergone testing with its use in a $7 billion syndicated issuance by… Read More

May 4, 2021 @ 11:07 pm By Omar Faridi  |  

Indonesian peer to peer lender Amartha has acquired $28 million (appr. IDR 405 billion) in capital from Women’s World Banking Capital Partners II (WWB) and MDI Ventures. Amartha‘s round also received contributions from existing investors Mandiri Capital Indonesia and UOB Venture Management. WWB Capital Partners… Read More

April 23, 2021 @ 4:57 pm By Omar Faridi  |  

DBS Bank and Contour have expanded their digital trade offerings to four new markets in the Asia-Pacific (APAC) region. As mentioned in a release, digital letter of credit capabilities will be offered in Australia, China, Hong Kong and Singapore starting this month. The announcement also… Read More

April 22, 2021 @ 11:07 pm By Omar Faridi  |  

Survey results shared by Duff & Phelps, A Kroll Business on Tuesday (April 21, 2021) revealed that 81% of respondents either agreed or strongly agreed with the idea that digital IDs may improve our ability to combat financial crime across the financial services sector. Duff… Read More

April 21, 2021 @ 9:38 pm By Omar Faridi  |  

Global enterprise software company R3’s Development Fund has reportedy reached the milestone of $10 million in capital deployed “across over 30 investments in more than 20 of the most promising early-stage blockchain and confidential computing companies,” according to a release shared with CI. As noted… Read More

April 20, 2021 @ 7:28 am By Omar Faridi  |  

London-based Fintech FintechOS, which aims to empower banks and insurers to become “future-ready,” revealed on Tuesday (April 20, 2021) that it has secured $60 million in capital through a Series B round that was led by Draper Esprit. FintechOS’ management noted: “FintechOS the global technology… Read More

April 16, 2021 @ 8:45 am By Omar Faridi  |  

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

April 5, 2021 @ 9:47 pm By Omar Faridi  |  

Australia-based banking challenger Judo Bank has released an SME Banking Insights report for February 2021. The extensive report notes that the Australian small to medium-sized enterprises (SME) segment remains the “largest battleground for revenue, profit and growth.” The report adds that this particular segment is… Read More

March 23, 2021 @ 12:27 am By Omar Faridi  |  

Islamic or Sharia-compliant Fintech services are being increasingly adopted in Saudi Arabia, the United Arab Emirates (UAE) and internationally as well, according to a report from Arabian Business. As reported by the news outlet, the largest transaction volumes have come from Saudi Arabia, the UAE,… Read More

March 20, 2021 @ 11:37 am By Omar Faridi  |  

Currencycloud, a cross-border payment platform, notes that a lot has changed since March 2020, when the financial markets crashed (after awareness about COVID became more widespread). The COVID crisis has led to the largest global upheaval since the past few decades. It has touched the… Read More

March 14, 2021 @ 9:53 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

February 28, 2021 @ 7:33 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that digitalization “dramatically accelerated” in order to address the challenges of 2020. Banking Circle writes in a blog post that having had to innovate (and fast) due to the socioeconomic challenges created by COVID-19, banking institutions are now… Read More