Bank of Shanghai is testing BitMint’s Q-Pay, a.k.a. “pay like cash”, which looks like a preamble to a new paradigm of digital money.
The multi-currency fintech knows how to win affluent customers from traditional banks, but will Asian super-apps get in its way?
The private bank’s new deal with Apple Chat is just part of Asia MD Francois Monnet’s plan to win rich clients digitally.
The bank is working with universities and fintechs such as Clare.ai to bolster client-service teams.
It will have to address issues of data access, product competitiveness and customer acquisition.
The deal sees the communications and content platform for banks expanding beyond pure B2B.
Are private tech and finance companies hitting the buffer when it comes to accessing the 1.7 billion still lacking access to financial services?
The SFC has settled on the rules for online sales of investment products, but distribution dynamics may prove hard to disrupt.
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