The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for deposits. ZA Bank will pay a select depositors more than 3 percent above other banks, such as HSBC and Standard...
Ant Financial Services Group might apply for a virtual banking license in Singapore. “We are actively looking into this opportunity,” Hangzhou, China-based Ant Financial said in an emailed response to questions from Bloomberg News. The Monetary Authority of Singapore is offering as many as five...
The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. The bank said in an announcement Tuesday (Sept. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The tool lets corporate customers segregate balances within...
Airwallex, the international payments company, announced Tuesday (July 3) that it raised $80 million via a round of fundraising. In a press release, the company said that with the Series B funding round, it has raised a total of $102 million. The Series B round...
March 28, 2024
For decades, consumer expectations around the convenience and always-on capabilities of their financial services could not be met. The typical Monday-through-Friday banking hours and 4 p.m. branch closings have made it difficult for consumers to decide when and how they bank. That’s quickly changed. Consumer expectations, technological advancements and shifting market dynamics are redefining what […]
June 29, 2017
Singapore’s DBS Bank has a philosophy — Live More, Bank Less — which, at first seems like an odd mission for a multinational bank to adopt. Unless, of course, executing that strategy is...
January 13, 2020
The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for deposits. ZA Bank will pay a select depositors more than 3 percent above other banks, such as HSBC and Standard Chartered, according to Bloomberg. Hong Kong is experiencing other business […]
November 19, 2019
Ant Financial Services Group might apply for a virtual banking license in Singapore. “We are actively looking into this opportunity,” Hangzhou, China-based Ant Financial said in an emailed response to...
July 03, 2018
Airwallex, the international payments company, announced Tuesday (July 3) that it raised $80 million via a round of fundraising. In a press release, the company said that with the Series...
