- In August 2024, KMS Solutions partnered with Kuliza to introduce Lend.In, a next-generation Digital Lending platform, to the Vietnamese market. Designed as an end-to-end solution, Lend.In empowers banks to fully digitize their lending processes—spanning consumer, SME, and commercial lending. The platform integrates AI, Machine Learning, and Data Analytics to streamline operations, reduce time-to-market, and enhance customer experience. With features such as low-code configurability and ready-built architecture, Lend.In enables financial institutions to launch new loan products rapidly and stay competitive in a fast-evolving digital landscape
- In June 2024, Salesforce India unveiled its Digital Lending for India platform, a purpose-built solution designed to transform the country’s lending ecosystem. Built on the Financial Services Cloud, the platform integrates AI, automation, and India-specific features such as Aadhaar authentication and Video KYC to streamline loan origination, underwriting, and pre-disbursement processes. It supports home, auto, and personal loans, offering a unified view of customer data to accelerate approvals and reduce operational costs
- In June 2024, Bandhan Bank launched a new service for the online collection of direct taxes, enabling both customers and non-customers across India to pay taxes seamlessly. As an RBI-appointed agency bank, Bandhan Bank is now live on the TIN 2.0 platform of the Income Tax Department. The service is accessible via Retail and Corporate Internet Banking, as well as through payment gateways using debit/credit cards and net banking. In addition, offline payments are accepted at over 1,700 branches nationwide. This move reflects the broader digital transformation in financial services, paving the way for more integrated digital banking and lending ecosystems
- In May 2024, Visa introduced a suite of innovative products and strategic partnerships across Asia-Pacific to enhance digital payment flexibility, security, and acceptance. Key initiatives include the expansion of stablecoin-backed cards in collaboration with partners such as StraitsX and DCS Singapore, enabling seamless crypto-to-fiat transactions. Visa also launched the Visa Tokenised Asset Platform (VTAP) to support programmable financing and tokenized asset trading across public and private blockchains. In addition, Visa Pay was introduced to connect any participating digital wallet with Visa-accepting merchants globally, streamlining payments and supporting the region’s growing digital lending ecosystem
- In February 2024, SCBX, the financial technology arm of Thailand’s Siam Commercial Bank, signed a definitive agreement to acquire 100% of Home Credit Vietnam for approximately VND 20,973 billion (around USD 860 million). This strategic move marks SCBX’s entry into Vietnam’s fast-growing consumer finance market and underscores the broader trend of consolidation in the fintech sector. With Home Credit Vietnam’s strong digital infrastructure, 15 million customers, and 14,000 point-of-sale locations, the acquisition enhances SCBX’s regional footprint and digital lending capabilities, positioning it to capitalize on Southeast Asia’s expanding middle class and increasing demand for accessible financial services
