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Project Dunbar next-generation payment raises more questions than answers

Fri, 20 May 2022 18:15:00 +0800
Multi-CBDCs will allow international settlements on a single platform, streamlining cross-border payments. Project Dunbar offers insights and challenges on how a multi-CBDC platform could potentially solve complex issues in the cross-border payment space. But with the completion of the first phase, more unknowns remain.

Vietcombank launches eKYC to allow customers to open accounts anywhere within minutes

Tue, 17 May 2022 20:16:00 +0800
Vietcombank has launched an eKYC function that assists customers to open accounts anywhere at any time, avoiding waiting time at transaction counters

New technology in the digital age: Vietcombank drives contactless card use amid COVID-19

Tue, 17 May 2022 20:16:00 +0800
Vietcombank is one of the first and leading banks in Vietnam to issue and support existing cardholders to convert from magnetic stripe to contactless chip cards

Vietcombank aims to become number one bank in Vietnam

Tue, 17 May 2022 10:16:00 +0800
Vietcombank has embarked on a mission to become the number one bank in Vietnam, one of the 100 largest banks in Asia, one of the 300 largest banking and financial groups in the world, and one of the 1,000 largest global listed companies, by 2030.

Bank lending to small businesses in Asia Pacific grew 15.4% in 2021

Tue, 10 May 2022 08:19:00 +0800
Some countries in Asia Pacific posted stronger growth in bank lending to small businesses between 2019 and 2021 as compared to the period from 2017 to 2019

Mobile payments to overtake cards by 2024

Sun, 01 May 2022 20:16:00 +0800
The COVID pandemic has accelerated the adoption of digital transactions and mobile payments, including the use of digital cards. With enhanced security and ease of use, they have become part of consumers’ daily life. Financial institutions must consider how to enhance their mobile payment offerings to remain relevant to this changing consumer behaviour.

Why most financial organisations are still not run as true data businesses

Sun, 01 May 2022 11:00:00 +0800
The ability to innovate and evolve into the more agile, analytical, customer-centric, and profitable financial services organisation (FSO) of tomorrow hinges on all manner of questions.

Big tech credit expected to reach $1 trillion by 2023

Thu, 21 Apr 2022 19:00:00 +0800
Digital and incumbent banks face growing threats from big tech and payment platforms that are evolving into full-scale financial services players. Latest forecast derived from BIS data, predicts that alternative financing will surpass $1 trillion by 2023.

BNPL to lose $5.2 billion in Asia Pacific by 2025

Mon, 18 Apr 2022 10:52:00 +0800
Buy now, pay later (BNPL) schemes in Asia Pacific lag behind other markets in usage and profitability despite early investor excitement over this latest financial technology trend.

Alternative SME financing in Asia Pacific to grow two or more times by 2022

Mon, 18 Apr 2022 10:43:00 +0800
Licensed digital banks and P2P/marketplace platforms focused on alternative business lending to SMEs are overcoming operating and market challenges to scale and sustain their businesses. Leading players are charging ahead with more comprehensive service solutions and expanding regionally.