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DBS introduces Digibank in Indonesia

Reported by | Updated: September 18, 2017

DBS Bank has brought Digibank, its speech-powered mobile-based banking service, to Indonesia. Digibank debuted in India in April of 2016, and has since made its way to Singapore and now Indonesia. The platform uses biometric user authentication and a mobile interface based on Kasisto’s AI assistant platform, KAI Banking, which is designed to offer conversational […]

UAE banks launch ISAC

Reported by | Updated: September 18, 2017

The UAE Banks Federation (UBF), the representative body of banking industry comprising 48-member banks operating in the UAE, has launched its first Information Sharing and Analysis Centre (ISAC) in the UAE. The center is powered by Anomali, provider of threat intelligence platforms. It will initially bring together 13 banks’ cyber security data in Anomali’s ThreatStream […]

Emirates NDB to open more branches in Saudi Arabia

Reported by | Updated: September 18, 2017

Dubai’s Emirates NBD plans to open branches in Saudi Arabia. It intends to approach the banking regulator in the kingdom for the purpose and would apply for 20 additional branches. The bank received permission for three branches in Jeddah, Khobar and Riyadh in early 2017 and it plans to open them in the first quarter […]

Saudi bank customers prefer mobile channel

Reported by | Updated: September 18, 2017

Banking customers in Saudi Arabia are increasingly using digital channels to conduct their transactions, with mobile banking leading the way, says a study by technology firm Avaya. The most preferred channel for Saudi bank customers for accessing banking services is via a mobile app. Nearly 40% of respondents said it was a priority to have […]

Dutch government sells part of stake in ABN Amro

Reported by | Updated: September 18, 2017

The Netherlands’ government has sold a major part of its stake in ABN Amro, taking advantage of a rally in the shares of the bank. The government sold 7% stake raising about 1.53 billion euros ($1.8 billion). The sale brought down the government’s holding in the bank to about 56%. The government is trying to […]

TAB Capital to have Nucleus’ lending solution

Reported by | Updated: September 18, 2017

NBFC TAB Capital has selected FinnOne Neo Cloud, Nucleus Software’s cloud based lending solution. The company will implement FinnOne Neo Cloud solution to support the end to end digitization of its lending business. It will also fastrack its lending to MSMEs, which is hitherto impacted by the existing slow disbursals because of inefficient processes. TAB […]

SBI Card to double number of issued cards

Reported by | Updated: September 18, 2017

SBI Card, the joint venture between State Bank of India and GE Capital, is aiming to double its credit card acquisition and improve its market share in the next two years. CEO of SBI Card Vijay Jasuja said the card company has worked out a strategy for doubling its credit card customers on an incremental […]

InstaReM gets RBI nod for remittances

Reported by | Updated: September 18, 2017

RBI has given its approval to Singapore’s payments company InstaReM to provide overseas remittances services from India. InstaReM, a fintech start-up, plans to launch its outbound money transfer services from India by November in partnership with a bank, as per RBI’s governing conditions for the partnership. Remittances can be made for business, private visits, overseas […]

Airtel Payments Bank to offer UPI

Reported by | Updated: September 18, 2017

Airtel Payments Bank is now offering UPI. The payments bank has integrated the payments system with its platform, it said in a press statement, thus become the first payments bank to do so.  Shashi Arora, MD and CEO of the bank, said the facility would allow all 20 million customers of the bank create their […]

ADB loan to IndusInd Bank for MFI activities

Reported by | Updated: September 18, 2017

IndusInd Bank has signed an agreement with the Asian Development Bank to provide finance to low income women borrowers in rural areas to start their own ventures. Under the agreement ADB will give a loan of up to $200 million to the bank for the purpose. The 7-year senior loan will be available to the […]

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