PingPong announces its authorisation as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This would make it the first Luxembourg based B2B fintech, with offices in Hangzhou, New York, San Francisco, Japan and Hong Kong to achieve this feat in the EU after applying in December 2019. The license enables PingPong to offer a more flexible array of […]

Neiman Marcus has announced a partnership with Affirm that will bring a more flexible and transparent alternative to customers shopping for luxury products. Under the partnership, eligible shoppers can access their favourite designer fashion or accessories online and enjoy paying overtime on a schedule that suits their needs and budget. Eligible Neiman Marcus shoppers can choose […]

Mastercard and Bayes Impact partner to launch an innovative and scalable digital lifelong learning program that will deliver career coaching opportunities to underserved workers. The new platform will be rolled-out through a robustly evaluated pilot that will target 100,000 users in total, drawing on pre-existing relationships with the French administration and government. The project builds […]

VMware has announced the commercial availability of VMware Blockchain platform. The platform will provide a digital foundation for enterprises to build business networks and deploy business-critical decentralized applications. VMware Blockchain provides businesses an extensible and scalable enterprise-grade platform to unlock data silos and free up data to flow securely, privately and instantaneously. Brendon Howe, Vice […]

Cynergy Bank has announced that it is partnering with Google Cloud and Wipro to provide a different digital banking model – a digital relationship bank. In addition to digitally enabled traditional lending and savings products focused on customer needs, the bank will introduce a new suite of digital products. These will be delivered through the […]

Sharjah Islamic Bank has announced that it  has  started offering customers banking services on Fridays. This service  is available in  all three branches of Mega Mall, Mall of the Emirates and City Centre Mirdif, all days of the week. The customers will be provided with different banking services and facilities. According to the new service […]

OCBC Bank has launched  OCBC SME Sustainable Finance Framework that makes it simpler and less costly for Singapore small and medium enterprises to access sustainable financing of up to S$20 million to accelerate their sustainability plans. SMEs will no longer need to spend time and resources to develop bespoke sustainable finance frameworks, prior to applying […]

UOB Malaysia has partnered with Dropee to help retailers and wholesalers digitalize and optimize their businesses while saving operational costs. Under the collaboration, the Bank has launched UOBxDropee, an exclusive package offering one-stop access to a range of financial solutions that cover cash management and trade finance as well as complimentary access to UOB Business […]

Scotiabank has announced the launch of a new Global AI platform that will provide customers with intelligent and personalized financial advice. The platform is enable 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. These […]

Hang Seng Bank will waive a number of general banking fees and charges for services ranging from deposits and remittances to securities trading and foreign exchange, effective 1 January 2021. In addition, beginning 1 March 2021, customers will benefit from the removal of charges for additional services for outward remittance instructions and credit card replacement. […]