Wirecard has partnered with Singtel to support the roll out of Visa virtual card
International technology group Wirecard has partnered with Singtel to support the recent roll out of Singapore’s first Visa virtual card for Singtel’s mobile wallet Dash.
Singtel Dash is currently Singapore’s most widely accepted all-in-one digital wallet. The mobile payments platform, which allows customers to shop, pay transport fares and remit money, is part of Singtel’s strategy to transform Southeast Asia’s biggest phone carrier into a leading communications technology company by investing into digital and cyber security businesses.
“We are very proud to be a partner for Singapore’s leading digital wallet,” Grigoriy Kuznetsov, Executive Vice President, Global Financial Services at Wirecard, says. “Singtel can now process mobile virtual Visa payments with Wirecard.”
360 Mortgage Group launches online mortgage platform
Privately-owned mortgage banking firm, 360 Mortgage Group LLC (360), announced its continued expansion into the direct-to-consumer online mortgage space with the launch of the NOLO platform.
Short for No Originating Loan Officer, the NOLO platform allows customers to complete the mortgage lending process entirely online without the industry standard loan officer interference at each step. With NOLO, mortgage customers receive a true loan approval in 15 minutes on average, and can cut down the purchase mortgage closing process to as few as eight days.
IBM signs blockchain shipping and supply chain deal with PIL
Pacific International Lines (Pte) Ltd (“PIL”), PSA International Pte Ltd (“PSA”) and IBM Singapore Pte Ltd (“IBM”), signed a Memorandum of Understanding (MOU) to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations.
The three parties will work together to explore POCs using technologies like blockchain to achieve better security, efficiency and transparency in regional supply chain business networks, as well as connect to trade finance solutions that can facilitate faster approval and fraud prevention.
Mr Tan Chong Meng, Group CEO of PSA, said, “A more transparent, secure and robust certification system and document flow will benefit the whole supply chain as well as have enormous potential for application in sectors such as food, pharmaceutical and trade finance. Blockchain has the potential to reduce inefficiencies and gaps within the supply chain, promote more cost-efficient transactions and facilitate the continued growth in world trade.”
First Tennessee deploys D3 Banking’s mobile app
D3 Banking, provider of the industry’s most advanced digital banking platform, announced today that First Tennessee Bank has successfully deployed its mobile banking application to the bank’s more than 300,000 registered mobile users.
The D3 platform already supports First Tennessee’s more than 500,000 browser-based users.
First Tennessee originally selected D3 as its provider after the bank conducted a comprehensive review of the solutions available to support its digital banking strategy. D3’s extensible, API-driven platform made it possible for First Tennessee to consolidate its digital users and services while improving customer experience and decreasing costs. In addition, the configurability and scalability of D3’s platform created an innovative environment that the bank felt would provide it with a competitive advantage for years to come.
