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Digital-savvy customers pushing Thai banks to embrace fintech: S&P

MAJOR banks in Thailand will likely increase their already substantial investments in technology and innovation over the next few years in a bid to remain competitive, said a report published by S&P Global Ratings on Wednesday.

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Jack Ma’s Ant is more Mastercard than PayPal

Valuing billionaire Jack Ma's Ant Group, which filed its prospectus for a mega initial public offering (IPO) on Tuesday, will be more art than science. It looks like a financial-services company but sells itself as a technology firm. Is it a Mastercard or a PayPal? ...

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StashAway to lower projected rate for cash management portfolio to 1.4%

ROBO-ADVISER StashAway will lower the projected interest rate for its cash management portfolio, StashAway Simple, from 1.9 per cent to 1.4 per cent from Sept 1, the startup announced in an e-mail to customers on Wednesday.

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Asia-Pac fintech funding up 9% in Q2 as investors set sights on Asean, Australia: S&P

FUNDING for fintechs in the Asia-Pacific grew 9.1 per cent in the second quarter as investors shifted their bets to firms in Australia and South-east Asia.

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Share of accounting tasks done by machines to surge by 80%: study

MORE than half of the 11 finance roles picked for a study will be moderately to highly changed by technology in the next three to five years. Those in the two most junior roles will likely be taken over by machines, while the most senior roles will...

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Asia-Pac fintech funding up 9% as investors set sights on S-E Asia, Australia: S&P

FUNDING for fintechs in the Asia-Pacific grew 9.1 per cent in the second quarter as investors shifted their bets to firms in Australia and South-east Asia.

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Singapore currency to stay strong until 2021 on broad USD weakness

THE Singdollar is likely to continue strengthening till next year amid a broad weakness of the greenback, in particular against the Chinese currency.

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Nets ties up with Singtel, Amazon to provide more digital payment services regionally

THE Network for Electronic Transfers (Nets) has partnered Singtel and Amazon Web Services (AWS) to provide more cross-border digital payment opportunities in South-east Asia.

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Success comes from overseas for AMTD

AS ASIA'S digital banking scene continues to see increasing competition, a digital bank would be "in no way successful" if it was to operate only in its home country. So says Calvin Choi, group chairman and CEO of Hong Kong-based AMTD Group, who has been heading the...

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V3 Group appoints George Yeo as senior adviser

V3 GROUP has appointed George Yeo as senior adviser, said the group of companies led by Ron Sim and engaged in the businesses of lifestyle and well-being, financial technology and investments.

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