ZhongAn, StanChart-backed lenders take early lead in HK digital bank race
Online-only banks in Hong Kong backed by China’s ZhongAn Online P&C Insurance and Britain’s Standard Chartered moved ahead of newly launched rivals as they garnered 70% of deposits last year. The numbers give the first glimpses of the performances of Hong Kong’s eight so-called virtual banks. This is launched last year and it can offer […]
Conpend’s TRADE AI app will help reduce risk and speed up trade finance transactions
A pan-African financial group has selected Conpend’s TRADE AI app from its open innovation platform, FusionFabric.cloud. Finastra has made an announcement regards this in Bank of Africa. The functionality of Finastra’s Fusion Trade Innovation technology has been extended by the app. This also enables the users to reduce document and compliance checking time. To reduce the risk and […]
Grab reveals Digitalisation program
The main ambition is to help firms undertake e-payment options or explain in its advertising and marketing initiatives. Small Business Booster Programme has been launched by Grab. It consists of equipment and initiatives in conformity with fulfil that simpler because offline groups in imitation of make the change online. The programme claims in imitation of facilitate […]
China March new bank loans rise but broad credit growth eases
Due to strong corporate and household demand, new bank loans in China have risen when compared to last month. This is because the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. In March, Chinese banks extended 2.73 trillion Yuan ($416.62 billion) in new Yuan loans, up from 1.36 […]