Despite fintech startups being the sexy new kids on the block, and a host of new digital-fuelled payment initiatives and platforms, such disruption will not kill off the incumbents, MOL Inc founder and chairman Ganesh Kumar Bangah told the What's Next conference.
The RHB Banking Group said it has entered into a partnership with Startupbootcamp FinTech that will bring digital innovations in financial services to the Malaysian market.
Faced by the rising tide of maturing, digitally-savvy customers, the future for banks is clearly digital, and evidence from Asia suggests that banks in that region will be at the forefront of this trend, writes Martin Frick of Temenos.
Maybank has teamed up with Sage Software to offer a free digital banking solution for SMEs that would enable them to undertake instant electronic payments via online and mobile banking channels directly from their accounting and payroll modules.
DNA’s What’s Next: The Business Impact of Disruptive Technology conference adds Hong Leong Islamic Bank CEO Teh Maimunah to its speaker list, with Karamjit Singh pointing out that DNA invited her to ensure the conference focuses on ‘keeping it real.’
NCR Corp has launched Kalpana, an enterprise software platform that moves ATM (automated teller machine) software and operations to the cloud.
Hong Leong Bank Bhd (HLBB) said it has appointed banking and insurance technology provider Intellect Design Arena Ltd as its partner in the bank’s effort to transform and digitise its wholesale banking offerings.
It is incumbent upon the industry to explain to the customer what data we are seeking to link, why, and what the benefit will be, writes Raed Taji of Fico.
Banks may talk about a customer-centric experience, but there is too much governance and too much legacy, and they are horrible at innovating, says Akamai’s John Ellis.
The Asian Banker has awarded Hong Leong Bank Berhad (HLBB) and its information technology (IT) partner Silverlake Mobility Ecosystem Sdn Bhd the Best Retail Payment Project Award at the Asian Banker Technology Implementation Awards 2015.