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Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch

PYMNTS

A new Singaporean digital bank formed in a joint venture between Grab Holdings Inc. The new digital bank is coming about after the joint venture won one of two licenses for full digital banks awarded last week (Dec. and Singapore Telecommunications Ltd. 4) by the Monetary Authority of Singapore.

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Sunway to apply for digital banking licence

The Paypers

Sunway has announced it plans to apply for an online-only banking licence with undisclosed partners to expand its reach in the financial technology sector.

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Revolut Brings Open Banking To Germany In Deal With TrueLayer

PYMNTS

Earlier this year, the European digital bank had taken on Ireland, France and Italy. In a press release, Revolut said the latest expansion would bring open banking to its users in Germany. Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company.

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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

Financial technology has become a quickly expanding vertical in the country of almost 100 million, with the COVID-19 health crisis having moved shopping activity online and left consumers seeking contactless payment choices.

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Synchrony Acquiring Allegro To Grow Health Financing

PYMNTS

Because the online environment continues to evolve at a fast pace, our AML strategies need to be fluid to keep up with the increased functionality and continual evolution of technology our customers expect and deserve.”. Banks are scrambling to match cybercriminals' pace, and some are adapting quicker than others.

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Today In Digital-First Banking: German Neobank N26 Eyes IPO With New CFO; Goalsetter Lands $3.9 Million Seed Investment  

PYMNTS

N26 has brought Dr. Jan Kemper on board as its new CFO as the Germany-based financial technology firm eyes a future possible IPO. Goalsetter, the financial technology upstart, has landed $3.9 Had the deal gone through, it would have likely been the largest merger of online firms in Southeast Asia.

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Why FinTech start-ups think they can beat the banks

Chris Skinner

The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how banks feel today. They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. It is almost like banking in an apps store.

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