The Central Bank of Sri Lanka has signed an agreement with SimCorp Asia Pacific. The CBSL will implement SimCorp’s flagship front-to-back investment platform, SimCorp Dimension, to manage the investment operation of the country’s official reserves. The agreement aims to deliver the CBSL with increased operational resilience, improved automation and strong support of the bank’s investment […]

The Monetary Authority of Singapore (MAS) announced four successful digital bank applicants. The full digital bank license was awarded to the Grab-Singtel consortium and SEA Group. The digital wholesale bank license were awarded to two entities namely; a wholly-owned entity of Ant Group and a consortium comprising of Greenland Financial Holdings, Linklogis Hong Kong, and […]

Solarisbank AG has become first bank in Germany to fully migrate to the cloud. The Bank has migrated all of its core banking systems, digital products, and databases to AWS. The cloud migration is a key part of Solarisbank’s strategy of building a product and tech platform that ensures the best possible conditions for scale […]

HNB PLC has announced that it has linked digital Payment App, SOLO, with the newly launched Lanka QR standard. The launch of Lanka QR aims to accelerate the adoption of QR code payments across the entire country and lay the foundation for the rapid expansion of digital wallets and cashless payments in Sri Lanka. “For […]

Scotiabank has launched a new Global AI Platform that provides customers with intelligent and personalized financial advice. The platform is enabling the Bank to provide fast, relevant advice by anticipating and understanding customers’ needs. It is being used to operationalize several customer models into its retail banking businesses across the Americas. The platform’s compute power enables […]

Fintech Saudi has announced the third annual Fintech Tour to be held from 29 November – 10 December 2020. Fintech Tour is the region’s largest cluster of fintech events. The Tour consists of free lectures, panel discussions and workshops in Arabic and English on fintech related topics that are led by local and international experts […]

The Central Bank of the UAE has announced the launch of the CBUAE FinTech Office during FinTech Abu Dhabi 2020, Which aims to develop a mature FinTech ecosystem within the UAE and position the nation as a foremost FinTech hub regionally and globally. The CBUAE FinTech Office will be working hand in hand with the […]

ICICI Bank has launched ‘ICICI Bank Cardless EMI’ (Equated Monthly Instalments), a fully digital mode of payment at leading retail stores.  The facility enables lakhs of its pre-approved customers to buy their favourite gadgets or home appliances just by using their mobile phone and PAN in lieu of wallet or cards. They can convert the […]

SumUp and Mastercard have teamed up to launch a new payment service tailored for Ford commercial vehicles in Germany, France, Italy, Spain and the United Kingdom. With this new solution, small business owners that typically use commercial vehicles – including food trucks, beverage suppliers, mobile florists and other tradespeople can accept card payments directly from […]

Singapore-based fintech company, Lightnet Pte. Ltd. (Lightnet Group), has announced a partnership with Siam Commercial Bank (SCB). The partnership makes remittance services accessible to all Thai bank accounts and anyone who has signed up for PromptPay, a government-sponsored service that enables instant bank-to-bank fund transfers. Suvicha Sudchai, Chief Product Officer of Lightnet Group says, “SCB will be […]