Open Banking - Next Money

Use of investment and banking apps surge during Covid-19

The use of investment and banking apps has surged, with Covid-19 accelerating the already exponential growth of fintech apps in 2020 A new report revealed that average sessions in investment…

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3 min

First appathon created to propel open banking launches

The first appathon created to propel open banking into the broader domain of open finance has been launched. An initiative from Finastra, Open Banking Excellence, Railsbank and Yolt, the event is…

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1 min

And through to the next round is….MAS doesn’t reveal chosen ones bidding for electronic banking licence

The Monetary Authority of Singapore (MAS) today announced that 14 lucky contenders for an electronic banking licence are through to the next round. Seven of the 21 applications were booted…

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1 min

ByteDance targets bank licence says source

Competition for one of the five electronic bank licences to be issued by the Monetary Authority of Singapore is hotting up with news that Chinese tech company ByteDance, which owns…

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2 min

Neobank Tonik Raises $21M Series And Plans Launch

Tonik Financial, the first neobank in the Philippines, has closed a $21m round of Series A equity funding. The round was led by VC investors Sequoia India and Point72 Ventures, with help from…

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2 min

Philippine consumers More comfortable opening bank accounts with smartphones

Filipinos prefer to open a bank account on their smartphone. So says a new study from the FICO Consumer Digital Banking Survey which looked at the preferences Filipino consumers when…

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1 min

Huawei and Sunline digitizes the Bank Yudha Bhakti

Huawei and Sunline are working together to digitize the Bank Yudha Bhakti (BYB) in Indonesia. BYB was acquired by Akulaku, the largest fintech in Southeast Asia. It has over seven…

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2 min

Unbanked in Myanmar get boost from Ant Wave

Wave Money and Ant Financial are teaming up to help the unbanked in Myanmar. The two companies have formed a ‘strategic partnership’ to promote financial inclusion for the unbanked and…

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