digital banking

Grab faces tough digital bank fight as tech rivals muscle up

DESPITE fresh firepower valuing it at US$3 billion, Grab's fintech arm faces a tough fight in South-east Asia. This is particularly so since its tech rivals, Sea and Gojek, have scooped up stakes...

Gojek leverages Indonesia's Bank Jago in digital banking fight

GOJEK has spent 2.25 trillion rupiah (S$215 million) to up its stake in Indonesia's Bank Jago to 22.2 per cent, which observers say could give the former significant access in order to leverage...

Aleta Planet launches AP-1 virtual card that allows foreigners to make cashless payments in and to China

AFTER some delays due to the Covid-19 pandemic, Aleta Planet has finally launched on Friday its AP-1 virtual card, which will allow Singaporeans and foreigners to make cashless payments like a...

Gojek buys 22% stake in Indonesia's S$4b Bank Jago

GOJEK has bought a 22 per cent stake in Indonesia's Bank Jago, a move which it says will allow some of its users access to digital banking services through the ride-hailing operator's platform....

Some DBS users, GrabFood riders hit by glitches in their apps

SOME DBS customers who attempted to log into the bank's digibank app on Tuesday evening were met with an error message notifying them of technical difficulties.

Grab-Singtel group puts cybersecurity at top of digital bank agenda

GRAB and Singtel's consortium is making cybersecurity a top priority for their digital bank. This comes as the new entity faces increasing expectations to prove to regulators and consumers over...

StanChart Singapore mulls digital-only bank under 'rooted foreign bank' framework

STANCHART Singapore on Friday told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.

Grab-Singtel digital bank to add 200 local staff by end-2021

THE digital full bank set up by the Grab-Singtel consortium will hire around 200 staff in Singapore by the end of next year to build up a robust banking infrastructure.

Singtel's digital bank bid is also a push for reinvention

SINGTEL sees its digital bank bid as a timely push for reinvention by the heavyweight telco in Singapore and the region.

Poll shows fintechs bullish about expanding businesses and workforce: Ng Chee Meng

FINANCIAL technology has shown itself to be a "bright spark" amid the Covid-19 crisis, with preliminary findings of an internal survey by the Singapore FinTech Association (SFA) showing that most...

ST Engineering, Montran sign MOU to digitalise payments and settlements systems

ST ENGINEERING on Friday said it has signed a memorandum of understanding (MOU) with Montran Corporation focusing on the "digitalisation of critical payments and securities settlement systems" in the...