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 […]

Salesforce and Slack Technologies have entered into a definitive agreement to acquire Slack in a $27.7 billion deal. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price […]

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 […]

DigiBankASIA has selected Mambu as the technology foundation of its new South East Asia focused full service digital bank UNO. DigiBankASIA has selected the Philippines for its initial rollout, and is currently working with regulators to obtain the necessary license. DigiBankASIA selected Mambu’s cloud banking platform for its technology platform as the two organisations are […]

DBS Bank has unveiled that it is scaling up the transformation of its branches across Singapore as customers seek quicker, socially-distanced, and more personalised branch banking services, and shift their banking to digital platforms amid Covid-19. The bank will boost self-service options, while still providing face-to-face assistance. Customers can more widely perform complex transactions such as replacing […]

Raffles Hotel Singapore has appointed Adyen as its strategic partner to enhance its digital experience across the hotel’s room reservations, food and beverage offerings, as well as spa and boutique stores. Under this partnership, guests will be offered, contactless check-in and check-out with tokenized payments, heralding a new chapter in hotel guests’ experiences. Contactless check-in/check-out […]

  United Overseas Bank, a leading bank in Asia, collaborated with VMware to enable the Bank to continue its innovation drive without disruption. UOB has deployed a secure virtual desktop, UOB DevTop – for its team of 3,000 information technology (IT) developers, and did so in just 21 days instead of the up to three […]