OCBC offers instant digital card issuance for Apple Pay

April 17, 2018 Digital Banking

        OCBC Bank customers have a new, speedy way of resolving a common issue when shopping or dining: Not having the right credit card to enjoy the best discount, rebate or reward. Since last month, OCBC Bank became the first bank to enable customers to transact at merchants that accept Apple Pay within minutes of applying for a new...Continue reading

Siam Commercial Bank to close 200 branches

April 9, 2018 Digital Banking

        Siam Commercial Bank (SCB) plans to shutter 200 physical branches this year as part of its three-year plan to cut operating costs by 30% by 2020 and move towards digital banking. Mobile banking service has operating costs 40-50% lower than branch services, said chief executive and president Arthid Nanthawithaya. Employees who work at branches will be converted to...Continue reading

Thailand’s top banks to waive off digital transaction fees

March 30, 2018 Digital Banking

        Thailand’s four largest banks have decided to waive off digital transaction fees to retain retail customers as new channels for online payments and electronic wallets are being launched in the country. Bangkok Bank Pcl, Kasikorn Bank Pcl, Siam Commercial Bank Pcl (SCB) and Krungthai Bank Pcl said earlier this week that they would drop charges by April for...Continue reading

OCBC Bank is first bank in Singapore to launch its own AI unit

March 15, 2018 Digital Banking

        Singapore, 14 March 2018 – Suppose your car is involved in a minor mishap, and you hold a Great Eastern motor insurance policy bought from OCBC Bank. Would it not be convenient if you could simply send an image of your dented vehicle to your insurer via your mobile phone, and get an immediate text message telling you...Continue reading

Heritage Bank Unveils New Advanced Intelligent Digital Platform

March 12, 2018 Digital Banking

        Tier-two lender, Heritage Bank Plc, has taken a bold step to revolutionise the banking sector with the introduction of an advanced intelligent digital experience known as Octopus. The solution, which is a full-fledged digital bank, has been described by financial technology experts as a game-changing innovation that is poised to connect all bank accounts with holder’s debit card...Continue reading

Ripple develops blockchain-powered payment app with 61 banks to speed up transactions in Japan

March 8, 2018 Blockchain

        Blockchain firm Ripple has developed a payment app that settles transactions instantly, in partnership with a consortium of 61 Japanese banks. The San Francisco-based company said that the app, called “Money Tap,” will first go live in the fall. It will initially be available with three banks included in the consortium — SBI Net Sumishin Bank, Suruga Bank...Continue reading

OCBC Bank Is The First In Singapore To Launch Voice Powered Conversational Banking

February 26, 2018 Digital Banking

        OCBC Bank is the first bank in Singapore to enable its customers to do their day-to-day banking and make cashless payments using just their voices. OCBC Bank’s retail banking customers are now able to check their bank account balances, outstanding credit card balances and details, as well as make instant e-payments to friends and family – using Siri,...Continue reading

JETCO Pay adds new merchant payment service supported by eight banks in Hong Kong

February 9, 2018 Payments

        Joint Electronic Teller Services Limited announced the launch of JETCO Pay Merchant Payment service jointly with eight banks, including Bank of Communications (Hong Kong), Bank of East Asia, Chong Hing Bank, Dah Sing Bank, ICBC (Asia), OCBC Wing Hang Bank, Shanghai Commercial Bank and Wing Lung Bank. The service allows consumers to make in-store QR code payment easily,...Continue reading

Emirates NBD Group announces senior technology appointments as part of digital transformation strategy

January 29, 2018 Digital Banking

        Emirates NBD, a leading bank in the region and market leader in banking innovation, has announced two senior technology appointments as part of its end-to-end digital transformation strategy. Miguel Rio Tinto has been appointed Chief Information Officer (CIO) to lead the Group’s Information Technology division, and Evans Munyuki has been appointed as Chief Digital Officer (CDO) to lead...Continue reading