Singapore

They launched mobile wallet KBZPay, banking on the country's high smartphone penetration to improve financial connectivity.

Eight publicly known applicants want to focus on the country’s underbanked segment.

Incumbents are building up capabilities and forging partnerships with former foes to stay competitive.

Citi launched a pricing engine that cuts the time it takes to route a trade between Singapore to Tokyo.

It will focus on serving millennials and SMEs.

Customers with a PayNow profile no longer need to input their bank account number.

Sustainable banking is getting momentum in developing countries and Bangladesh has been one step ahead now by initiating particular sustainable banking activities in various fields. The country has many success stories surrounding corporate governance, corporate social responsibility, social awareness of stakeholders, preparing sustainability reporting under globally accepted method-GRI (Global Reporting Initiative) and leadership with green banking being one of the most notable initiatives. In 2011, Bangladesh Bank (‘BB’), the regulatory authority of commercial banks in Bangladesh, issued “Policy Guidelines for Green Banking” to implement and promote green banking activities across the country in three phases.

It is the first bank to launch a public platform for payments tracking.

And Citibank appoints David Chubak as head of retail banking.

Geopolitical and macroeconomic risks threaten the sector’s overall credit profiles.

Fourteen applied for digital wholesale banks whilst seven went for digital full banks.

The tech will offer e-FX trading of 50 currencies across various types of rates.

The value of AI in the fintech market is expected to rise four times by end-2024.

It will take up a 60% majority stake in the proposed Razer Youth Bank.

Combined with shrinking NIMs, this will burden bank earnings.

Grab and Singtel will hold a 60% and 40% stake in the consortium, respectively.