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OCBC Singapore Users Faced Temporary Online Banking Disruption

Fintech News

Singapore’s OCBC Bank experienced technical difficulties on 1 September (Sunday) that temporarily disrupted its internet and mobile banking services. Customers encountered challenges accessing their accounts and conducting online transactions.

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Korean banks let consumers make ATM cash withdrawals and deposits with their smartphones using QR codes

NFCW

The service launched by the Bank of Korea is being made available by 17 banks including Shinhan Bank , KB Kookmin Bank , Hana Bank , Woori Bank and NH Nonghyup Bank , enabling users to deposit or withdraw cash at their ATMs from a bank account linked to a virtual card stored in the country’s mobile cash card app.

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Visa Launches Tools To Help Partners Create Digital Card Services

PYMNTS

These capabilities will be available for issuing partners to provide to their cardholders through their online and mobile banking channels. The new offerings will build on existing capabilities of Visa Token Service (VTS) to let issuers create a customizable suite of services to offer to their Visa cardholders.

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How Mobile Card Services Turn Location Into Loyalty

PYMNTS

For financial institutions (FIs) and merchants, the opportunity is there to harness technology and mobile card services to drive sales up, drive fraud down and cement long-lasting relationships with consumers. Increased adoption could be spurred by a proactive mindset on the part of FIs, he said.

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

To determine the best banks of 2024 from Asia and elsewhere, participants assessed banks where they currently have or had a checking or savings account within the past three years, or were familiar with through family or friends. CHINA #1 China Merchants Bank China Merchants Bank Co.,

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A List of Digital Banks in Asia

Fintech News

Moreover, small and medium enterprises (SMEs) which make up the bulk of businesses in the region, face numerous hurdles in their banking journey. These include a slow and paper-intensive account setup process, drawn-out loan application procedures with extensive documentation needs, as well as burdensome annual account reviews.

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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. savings accounts. savings accounts. Incumbents Play Catch-Up.