China Construction Bank opens robot-run branch
No human staff to be seen in this robotic dream.
Asia Pacific
Ant Financial teams with IFAD for rural economy development
Partnership aims to reduce rural poverty in China and other developing countries.
OK Google, says OCBC Bank
OCBC Bank has delivered another “Singapore’s first” in collaboration with Google.
JCB pilots Japan’s first fingerprint authentication chip card
Teams with Idemia for biometrics and contactless innovation.
BBVA to invest $50m into Chinese venture capital fund
The fund has a special focus on artificial intelligence.
OCBC Bank Singapore’s first in instant digital card issuing
Within minutes of applying for an OCBC Bank card, you could be using it via Apple Pay.
Standard Chartered brings eXellerator innovation lab to Hong Kong
Shiny, speedy and 10,000 square feet.
Fintech funding round-up: 6 April 2018
Stars PeerStreet, UK Finance and CardUp.
DBS dangling digital payments bait to corporate clients
Targets 30% reduction in corporate cheque payments by 2020.
Moxtra teams with OCBC Bank to pilot new mobile app
To deploy and test the new “Secure Chat Banking” mobile app.
Bambu goes global with new office and talent
In fintech, when the going is good, the good go global.
The reality of a UK fintech doing business in China
Exploring three key areas that UK fintechs need to focus on if they want to launch in China.
TSB joins lendtech race with Business Marketplace
Plans to become UK’s first high street lender to link to rival’s digital deals.
Mizuho and IBM develop new AI tech for financial market forecasting
Will use Dynamic Boltzmann Machine to help forecast market trends and volatility.
MUFG wanders over to ExaWizards for magical AI alliance
Plan to conduct development studies of online finance products.
Infographic: the power of $1
Instarem presents a series of infographics to find out what $1 can do for you.
Japan Post Bank stays Earthport bound for payments push
To deliver cross-border services across North America and Europe.
Standard Chartered hit with $4.8m fine for AML and CFT breaches
Risk management and controls were “unsatisfactory”.
OCBC Bank to be “AI-first” with new AI unit
OCBC Bank will invest up to $10 million in its new AI lab, AI Lab@TOV, over three years.
Vietcombank revamps trade finance tech with Finastra
Finastra’s Fusion Corporate Channels and Trade Innovation will cover front-to-back office trade finance ops.
Two Chinese FIs live with TCS Bancs core banking system
Gansu Bank and Hunan Rural Credit Union in China have gone live with TCS Bancs.
New clients in the Netherlands and Malaysia for Wolters Kluwer
ABN Amro and SME Development Bank sign for Wolters Kluwer’s OneSumX regtech software.
Fintech funding round-up: 2 March 2018
Stars Blueprint Income, Wecash Technology and Everproof.
Top fintech stories this week – 2 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Nomura goes quantum in asset management space
Launches joint research project with Tohoku University in Sendai.
Hong Kong regulator mulls academy of finance
The financial secretary in the 2018-19 budget tasked the HKMA to look at this.
Hong Kong’s fintech scene gets budget boost
Financial services and fintech sectors get handy boost of $63.9m over next five years.
OCBC Bank first in Singapore to launch voice-powered banking
“Hey Siri, what’s my balance?”
Thailand’s Kasikornbank selects Avaloq core banking system
The project will be Avaloq’s first in the country.
Instarem teams with Ripple for Southeast Asia payouts
Instarem to offer payouts for Ripple’s enterprise blockchain network members.
Japan Exchange Group goes live on Cinnober’s clearing and risk solutions
Launches new clearing system for exchange traded derivatives, based on Cinnober’s tech.
Revolut uses GPS for FX app launch in APAC
Starting with New Zealand, Singapore and Japan.
SpherePay and TrueChain plan to bring cryptocurrencies into real-life transactions
Singapore-based mobile payment firm teams up with Chinese blockchain company.
Vietcombank in lendtech revamp with ACP
Axe Finance’s Axe Credit Portal to modernise wholesale lending tech at Vietcombank (VCB).
Infographic: who is ready for Open Banking in Asia?
IDC Financial Insights maps the readiness for Open Banking among Asia, Asia Pacific and Australasia markets in 2018.
Singapore’s FinLab unveils SME accelerator programme
Four-month programme will start in March and eight places are up for grabs.
MUFG teams with iAPPS for Southeast Asia push
Looking at cross-border payments and settlements.
Techmill and Temenos to deploy new core banking system at CHDB
Myanmar-based bank replacing legacy system with Temenos’ T24.
Singapore regulator gives customer onboarding guidance
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
New go-lives and clients for core banking tech vendor BML Istisharat
BLC Bank has ousted Ambit Treasury Management in favour of BML Istisharat’s ICBS.
