TDB Digest

DIGITAL CURRENCY Reserve Bank of Australia to test central bank digital currency (CBDC) in collaboration with NAB, CBA and Perpetual and ConsenSys Software The Reserve Bank of Australia recently partnered…

DIGITAL BANKING Greenwood closes a $3 million seed round Greenwood recently announced that it had closed a $3 million seed round from private investors to build an online banking platform…

DIGITAL BANKING Bank of America launches a new digital solution – Life Plan Bank of America recently launched Life Plan – a new digital experience integrated with its mobile and…

FUND RAISING Greenlight raises $215 million in Series C funding Greenlight, a start-up which issues debit card for children via an app managed by parents, recently raised an additional $215…

VIRTUAL BANKING Mox Bank, a virtual bank backed by StanChart, is now available for everyone in Hong Kong Mox Bank, a virtual bank in Hong Kong backed by Standard Chartered,…

RETAIL BANKING UPDATE Australian Banking Giants – CBA and NAB – introduce no interest payment Credit Cards National Australia Bank(NAB) launched Australia’s first no interest credit card, NAB StraightUp Card,…

Digital Innovation in Banking Hang Seng Invest Express app has now expanded its offerings Hang Seng bank, a principal member of the HSBC Group, has made several enhancements to its…

Digital Initiatives in Banking Malaysia’s Hong Leong Bank introduced HLB Pocket Connect – a digital banking initiative which targets young savers. HLB Pocket Connect serves Junior Account Customers and helps…

Digital Banking News WeLab – a virtual bank in Hong Kong licensed by the Hong Kong Monetary Authority (“HKMA”) announced that it received a total of 10,000 applications within 10…

Digital Banking News UOB launched TMRW – it’s digital bank for the ASEAN in Indonesia last week. TMRW was first launched in Thailand in 2019 and within the span of…

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                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

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                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

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