CFOs are assessing risk and viability of current funding sources More than one in four CFOs said they plan to diversify their deposits across more banks after recent high-profile bank failures, according to Gartner, Inc. Gartner polled over 250 CFOs and senior finance leaders on March 13, 2023, on their…
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BNPL Integration platform helps B2B payment gateways support accelerating demand. Optty, one of the world’s first independent Buy Now, Pay Later announced that it has partnered with Payoneer, the commerce technology company powering payments and growth for the new global economy. Payoneer is the latest to offer Optty to its global ecosystem of…
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National Australia Bank (NAB) has been through a significant transformation. The big four bank has bolstered its executive leadership team and implemented a new business strategy built around the concept of ‘twin peaks’, according to Susan Ferrier, who began working as NAB’s Group Executive of People and Culture in October…
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With BaaS, the bank can externalize products. Banks are set to hit as much as 18 per cent of revenues through Banking-as-a-Service (BaaS) partners. The new report looks at the emergence of BaaS as a strategic imperative for Asia/Pacific banks and outlines the eight key components of a good BaaS…
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The move into supporting Westpac’s transaction banking business is a hugely significant step. 10x Banking (10x), the financial technology firm that is disrupting the core banking sector, today announces that it will deepen its partnership with Westpac, to launch a market-leading transaction banking platform for the bank’s institutional clients. 10x Banking…
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Firms Will Spend US$623 Billion on Technology Products and Services in 2022. Generative artificial intelligence (AI), autonomic systems and privacy-enhancing computation are three technology trends gaining traction in banking and investment services in 2022, according to Gartner. These trends will continue to grow over the next two to three years,…
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Business owners are looking to shore up their balance sheets. DBS announced it has deepened its relationship with Xero, the global small business platform, to simplify the loan application process and increase access to working capital for SMEs in Singapore and Hong Kong. Both companies will collaborate on availing to…
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Malaysia digital bank will accelerate access to financial services. Grab Holdings Limited (NASDAQ: GRAB) and Singtel announced today that GXS Bank Pte. Ltd., their digital bank joint venture, and a consortium of Malaysian investors including Kuok Brothers Sdn. Bhd (the “Malaysia digital bank consortium”) have been selected to receive a…
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Tiger Brokers has over 9 million users worldwide. Standard Chartered Bank (the Bank) today announced the appointments of Xie Wen as Global Head, Business Banking and Mohamed Keraine as Global Head, Digital for its Consumer, Private and Business Banking (CPBB) business. Both Xie Wen and Mohamed will report to Judy Hsu, CEO, CPBB. Xie Wen is currently the…
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Asia/Pacific key corporate banking predictions for 2022 and beyond. The dislocation caused by Covid-19 and the corresponding technology-driven shift has made seismic changes in an otherwise quite conservative corporate banking space in Asia Pacific region. The declining margins and increasing competition are further driving regional corporate banks to break new…
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