Digital Transformation

SME Lending in APAC Is the Major Opportunity for Banking-as-a-Service

Opportunities are endless with Banking-as-a-Service (BaaS), and nowhere is this more true than in Asia Pacific (APAC). Banks in the region, particularly in hubs like Singapore and Hong Kong, have embraced and become leaders in open banking, automated services, ever-improving

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8 Financial Processes Poised for Digital Transformation

COVID-19 accelerated trends toward remote banking and digitalisation, forcing financial institutions to embrace new technologies and processes to keep their businesses functional despite social distancing restrictions. Now, with more and more people relying on digital solutions for interactions and transactions,

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At the Cusp of a BaaS Revolution, Here Are Some of the Challenges

The future of finance is open, and the rise of Banking-as-a-Service (BaaS) means this future is closer than ever. The BaaS industry is quickly maturing, with 88% of senior APAC executives – in industries from banking and technology to healthcare

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Banks Need to Avoid Risks of a Big Bang Transition When They Digitise

The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed that 40% of banks in the Asia Pacific will make significant changes to their current core banking systems in the

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Why Brands, Bigtechs, Fintechs and Banks Are All Taking Notice of Banking as a Service

The Asia Pacific region is leading the way in a revolution that is changing the way consumers interact with financial services. Banking as a Service (BaaS) has been spreading rapidly over the last couple of years, enabling brands to offer

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Philippines’ Payment Infrastructure Undergoes Transformative Change

In the Philippines, the banking community is undergoing a major transformation to its payment infrastructure, a movement triggered by the convergence of several key drivers including changing customer behaviors, new regulations and advances in technology. During a recent webinar hosted

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Why Risk-Averse Southeast Asian Banks Should Embrace a ‘Multicore’ Approach

The banking industry is in the midst of a period of intense transformation in Southeast Asia, and indeed the world, driven in part by the pandemic, but also influenced heavily by changing consumer demand and fast-moving technological innovation. Predicting the

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The Bank Branch of the Future: Consumers Prefer Hybrid Experiences

Digital banking has been displacing many branch interactions in the move towards digital. As consumers increasingly engage with their banks remotely and circumstances such as the pandemic as well as new digitally-focused strategies continue to play out, there are ongoing

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Global Report Reveals Filipino Banks Face Extinction Unless They Embrace Digitisation

Three in five banks believe they will cease to exist within five to ten years unless they change their business models, according to a new global research report “Evolve or be extinct” from the Financial Times Focus (FT Focus) and

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FICO Survey: Filipinos Say Financial Institutions Ask Too Many Questions

Data analytics company FICO’s digital banking survey shows that people in the Philippines expect a seamless banking experience when it comes to opening an account via a mobile app or website. Three in five expecting to answer 10 questions or

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