Myanmar gets first corporate credit card

New MFI set up in Myanmar

A trio of financial organisations have launched the AYA Universal Corporate MPU-JCB co-branded card in Myanmar – the nation’s first corporate credit card targeted for business payment use. Ayeyarwady Bank (AYA Bank), Myanmar Payment Union (MPU) and JCB International (JCBI), the international operations subsidiary of JCB, have teamed up for the new card which has […]

Yoma Bank live with new treasury tech from Finastra

Finastra's treasury tech live at Yoma Bank

Myanmar-based Yoma Bank has implemented a new treasury and capital management (TCM) system, Fusioncapital Opics, supplied by Finastra (formerly Misys).

CB Bank looks for partner to upgrade Temenos T24 core banking system

Yangon, home of CB Bank

Myanmar-based Co-operative Bank (CB Bank) is planning an upgrade of its core banking system, Temenos’ T24, and is looking for a Temenos partner to assist it with the project.

Ruby Hill Microfinance opts for Abacus core banking system

New MFI set up in Myanmar

A new microfinance entity in Myanmar, Ruby Hill Microfinance, has signed for the Abacus core banking system, provided by Fern Software.

Misys scores another core banking system deal in Myanmar

Myanmar is busy with banking tech projects

Myanmar-based Ayeyarwady Bank (AYA Bank) has signed for Misys’ Fusionbanking Essence core banking platform.

Myanmar’s First Private Bank in tech revamp with Misys

Misys goes for banking gamification tech

Myanmar’s First Private Bank (FPB) has chosen the Misys FusionBanking Essence core banking system for a major tech revamp. The bank, which received the first banking licence in Myanmar in 1992, will upgrade its retail, corporate and digital offerings. FusionBanking will replace the bank’s “partially computerised distributed branch system”. Dr Sein Maung, chairman at FPB, […]

Fintech funding round-up: 24 April 2017


The latest fintech funding round-up featuring Token, Ongo, National Bank of Canada (NBC) and a bunch of venture capitalist firms.

MAB awards core banking managed services deal to JMR Infotech

Myanmar is busy with banking tech projects

Myanmar-based Myanma Apex Bank (MAB) has selected JMR Infotech as its core banking managed services provider. For its core banking system MAB uses Oracle FSS’s Flexcube.

Misys’ FusionBanking Essence core system live at Yoma Bank

Yoma Bank live with new core banking system, Misys'  FusionBanking Essence

Myanmar-based Yoma Bank has gone live with Misys’ core banking system, FusionBanking Essence. Yoma Bank, one of the country’s largest commercial banks, has been in tech modernisation mode since 2014. In-mid 2014, it issued an RFI for new core banking software, with the financial support from International Finance Corporation (IFC; a subsidiary of the World […]

World first as blockchain used in Myanmar microfinance space

Yoichiro Hirano, president and CEO of Infoteria

Japan-based software development firm Infoteria says it has “successfully” used blockchain for microfinance transactions in Myanmar – the “first time in the world”. The test was carried out on the computer system of Yangon-based BC Finance, Myanmar’s largest microfinance company. Infoteria says the data in question comprises spreadsheet software rather than specialty systems; and transactions […]