Tag "Finastra"
An Ecosystem Approach to Banking the Underbanked
Reaching Indonesia’s unbanked and underbanked population has been a long-standing challenge for banks. Hindered by numerous factors, including sociocultural diversity, low levels of financial literacy, and Indonesia’s archipelagic geography, the expansion of traditional banking channels has been cost-prohibitive. The result
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Finastra Bets Big on APAC With New Center of Excellence at MRANTI Park
Financial services software and cloud solutions provider Finastra has established a new Center of Excellence (COE) at Malaysia’s MRANTI Technology Park. MRANTI Park, located at Bukit Jalil in Kuala Lumpur, is a hub for technology innovation, commercial adoption, and scientific
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Australia vs New Zealand Payment Tech & What’s New in 2023
Australia and New Zealand. Two nations so alike, but in other ways so different; an antipodean version of the US and Canada, or England and Ireland. Finance forms one of those key differences, but the differences seen now are likely
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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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Malaysia’s Silverlake Axis Partners Finastra to Bolster Its Trade Finance Solutions
Silverlake Axis, an ASEAN core banking solutions provider headquartered in Malaysia, announced that it has entered into an agreement with Finastra, a global provider of financial software applications and marketplaces. Under the deal, Silverlake will be able to offer Finastra’s
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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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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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Banking Consumers Want Financial Empowerment, Not Just Apps
Consumers don’t just want shiny apps and digital banking, they want to feel that their bank is a partner who can help them reach financial empowerment. That is the finding of a new ethnographic study by Finastra, which has gone
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Building a Bank in 100 Days
COVID-19 has accelerated a trend which had already begun in many parts of APAC – the closure of branches. At the same time though, we are seeing an increasing number of new names in retail banking in the form of
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From Relationships to Platforms – the Shift in Corporate Banking
Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This shift has also been accelerated by the COVID-19 pandemic, with lending, trade finance and cash management functions all under pressure
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