Digital Transformation

Bank Islam Selects Cloud Provider AWS to Power Its “Be U” Digital Bank

Bank Islam has selected Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider to power its Be U digital bank. The bank is building Be U through its Centre of Digital Experience (CDX), an independent division which

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Digital Transformation: Ditching the “Build vs. Buy” Mentality for a Hybrid Approach

Banks embarking on a digital transformation journey face the tough dilemma of having to choose between building platform components in-house or buying them. But instead of these two historically binary options, there is a third alternative that combines the best

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BaaS Needs to Double Down on Cross-Industry Partnerships to Fuel Growth

Banking as a Service (BaaS) is seen as one of the biggest opportunities in financial services and is experiencing rapid growth in APAC. Indeed, almost 9 out of 10 APAC executives surveyed by Finastra said they had already implemented BaaS

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RHB Enhances Its API-Driven Digital Platform With More Offerings for SMEs

RHB Banking Group has further enhanced its RHB REFLEX Premium Plus digital platform driven by an Application Programming Interface (API) integration with selected partners, to provide accounting and human resource (HR) solutions for its SME customers. RHB Reflex Premium Plus

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UOB Finlab’s Jom Transform Accelerator to Focus On Women-Led SMEs This Year

UOB Malaysia and The FinLab announced the launch of the fourth edition of its innovation accelerator Jom Transform Programme (JTP) which will be conducted virtually on The FinLab Online. The FinLab Online is a regional digital platform launched on 17

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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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