60 digital banks emerged globally in 2018 and will reach 256 by 2020. With the aid of cutting-edge technology, digital banking refers to the comprehensive digitization of banks and all their activities, plans, and functions, utilizing digital networks as the core of banks and providing online financial services to their…
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Banks are revisiting their legacy IT infrastructure. The corporate banking revenue of leading banks in India has largely remained muted or negative during most part of the current financial year. Declining net interest margins on corporate lending is further adding pressure on non-lending banking businesses like transaction services to broaden…
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Commercial bank aims to capture a sizeable market share of tech-savvy consumers. Oriental Bank Plc., a new bank in Cambodia with a digital-first strategy, today announced that it has chosen global payment provider BPC to power its digital banking experiences. Cambodia has over $US22 billion in currency circulation and digital literacy is on the rise. The…
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DBank integrates confidently and strongly with the world’s most modern digitalization trend. Within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – the world’s leading core banking solution provider. In Vietnam, HDBank cooperates with Thought Machine to develop the latest version…
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Investing more funds into helping customers with digital banking services. The National Australia Bank will push more investment into helping customers with phone and digital banking services. In a statement to the media, Krissie Jones executive retail at NAB said investment in our services and locations is guided by how…
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The pandemic revealed digital gaps between banks. Asia Pacific banks are going back to the drawing board on their digital transformation programs. Digital banking fitness has been the key factor, with digital banks enjoying three times the growth in customer bases compared to traditional banks. The second edition of the Fintech…
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Providing digital services for a wide array of financial and investment solutions. DBS Bank Indonesia has recognised the need for more secure and convenient digital transactions in the new investment climate. The Bank provides contactless investment transaction services in the form of phone on instruction and an array of wealth…
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Took over the position of CIO at HDFC in 2008. Anil Jaggia, former CIO at HDFC Bank, and a technology veteran has joined Cloud4C – a CtrlS company, as a strategic adviser for the banking practice. He will work closely with the organisation’s leadership team with a key focus on…
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