The startup will apply for the first virtual banking licenses, setting it in eventual competition with traditional consumer banks.
The bank is using technology from Finastra to win retail and SME customers in Myanmar.
Accessing data is one of several challenges big Chinese P2P players face if they try to export their models overseas.
The bank has begun running one app on a vendor’s cloud, with more to come – within strict parameters regarding security.
In the run-up to Hong Kong Monetary Authority’s setting an API policy, consumer banks are jostling to make themselves heard.
Commercial banks KBZ and CB join the money-transfer app's network.
Why HKMA’s announcement about teaming up with MAS for a trade finance blockchain is a big deal, what could go wrong, and what’s to come.
Morgan McKenney, a leader in Citi’s internal innovation efforts, says blockchain can improve cross-border payments but is skeptical about its revolutionizing trade finance or correspondent banking.
Commonwealth Bank of Australia explains its work with hardware and software specialists in quantum computing.
Audit results should give ASTRI the green light to turn PoCs on cyber-security into projects with banks and HKMA.