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From Relationships to Platforms – the Shift in Corporate Banking

Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This shift has also been accelerated by the COVID-19 pandemic, with lending, trade finance and cash management functions all under pressure to operate and serve in a digital-first environment. New research from Finastra has shone a light on what this means for the industry. We found that corporate banks in APAC are...

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Virtual Bank ZA Has Gained 300k Users Ahead of Its 1st Year Anniversary

ZA Bank, one of Hong Kong’s eight virtual banks, announced that it has now gained 300,000 users in time for its upcoming first year anniversary. ZA Bank was the first to have a soft launch of its virtual banking services in December 2019 and went on to being fully operational with the launch of their ZA Go savings product in March 2020. The bank said in a statement that it has recorded more than 220,000 users and paid interest on...