Absa Group, a large South African retail bank and a subsidiary of Barclays Bank, has launched a new online banking platform called Absa Online for its retail and business banking customers.
Based on Backbase’s Bank 2.0 Portal technology, the new online banking platform offers Absa’s customers a unified dashboard, which combines their financial data into a seamless, personal and relevant user experience.
Christo Vrey, head of Absa digital banking, says the update represents a “completely new user experience” for digital banking and, unlike traditional Internet banking, Absa Online is “no longer about just transactional requirements, but gives Absa customers easy access to all products and services within the group.”
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
With rising interest rates being a hot topic at this year’s AFP conference, many treasurers were discussing how they can structure their ... read more