September 29, 2024 @ 10:17 pm By Michael Wong  |  

The European Investment Fund (EIF) and Hungarian National Capital Holding (NCH) have announced the launch of Impact Ventures III, a €40 million venture capital fund aimed at supporting early-stage, innovative small and medium-sized enterprises (SMEs) and startups with positive social and environmental impacts in Hungary… Read More

September 29, 2024 @ 12:31 pm By Michael Wong  |  

Israel officially joined the Asian Development Bank (ADB) as its 69th member and 20th nonregional member on Thursday, after fulfilling all necessary membership requirements. Israel submitted its application for ADB membership in January 2022. The ADB Board of Governors approved the membership on April 14,… Read More

September 28, 2024 @ 3:55 pm By Michael Wong  |  

NPCI International Payments Limited (NIPL) has formed a strategic alliance with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform modeled after India’s Unified Payments Interface (UPI). This initiative positions Trinidad and Tobago as the first Caribbean nation… Read More

September 25, 2024 @ 7:41 am By Michael Wong  |  

Functional Finance, a software platform transforming financial operations (FinOps) for managing general agents (MGAs), insurance companies, and wholesalers, announced the successful close of a $20 million Series A funding round. The round was led by Walkabout Ventures, with additional support from Munich Re Ventures and… Read More

September 25, 2024 @ 7:28 am By Michael Wong  |  

Hummingbird, a provider of financial crime risk management solutions, has acquired LogicLoop, a no-code data integration and automation platform, in a move aimed at transforming how financial institutions handle risk and compliance. The acquisition is part of Hummingbird’s broader strategy to become the core operating… Read More

September 22, 2024 @ 7:39 pm By Michael Wong  |  

Malaysian Fintech major TNG Digital is exploring a potential domestic initial public offering (IPO) that could raise over $300 million within the next two to three years, according to two sources familiar with the matter, Reuters reported. The sources indicated that TNG Digital, which owns… Read More

September 22, 2024 @ 7:21 pm By Michael Wong  |  

HSBC has successfully tested the use of quantum-secure technology for the buying and selling of tokenised physical gold, marking a significant advancement in protecting critical financial applications from potential future quantum computing threats. This milestone is part of HSBC’s ongoing efforts to safeguard digital assets… Read More

September 20, 2024 @ 8:20 pm By Michael Wong  |  

Lighthub Asset, a Thai Fintech firm, and WeLab, a pan-Asian fintech platform, have submitted a joint application for a virtual banking license with the Bank of Thailand (BoT). The result of the application is expected in the first half of 2025, according to a statement… Read More

September 20, 2024 @ 7:21 pm By Michael Wong  |  

A joint survey conducted by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) revealed a 14% increase in total transactions of non-exchange-traded investment products by licensed corporations (LCs) and registered institutions (RIs) in 2023. The total transaction amount reached $4,338… Read More

September 20, 2024 @ 12:42 pm By Michael Wong  |  

Bitget and Foresight Ventures have announced a strategic $30 million investment in The Open Network (TON) blockchain, marking a significant move to support the network’s growing ecosystem. The two companies, a crypto exchange and a web3 investment firm, plan to invest in Toncoin (TON) tokens… Read More

September 20, 2024 @ 8:42 am By Michael Wong  |  

Fintech solutions provider NeoXam has announced the signing of an agreement to acquire EZOPS, a company specializing in AI-enabled data control, workflow automation, reconciliation, and regulatory reporting solutions. This acquisition is set to bolster NeoXam’s Fintech offerings and extend its international footprint, with particular emphasis… Read More

September 20, 2024 @ 8:23 am By Michael Wong  |  

Drift, a decentralized finance (DeFi) platform built on the Solana blockchain, has raised $25 million in a Series B funding round led by Multicoin Capital. The new capital will support Drift’s expansion, focusing on developing a full suite of financial services, including spot and derivatives… Read More

September 15, 2024 @ 9:40 pm By Michael Wong  |  

Bangladeshi consumer technology provider Pathao has announced raising $12 million in a pre-Series B funding round as the company shifts its focus towards fintech. The latest investment brings Pathao’s total capital raised to over $50 million, marking the largest pre-Series B funding for any Bangladeshi… Read More

September 15, 2024 @ 4:40 pm By Michael Wong  |  

IT cybersecurity firm Metabase Q has introduced ZeroAPT Mitigator to its Batuta platform, enhancing proactive security measures for its enterprise clients. Batuta, which monitors and manages remote endpoints and cybersecurity technologies, now allows organizations to further reduce the risk of cyberattacks by utilizing the latest… Read More

September 15, 2024 @ 4:38 pm By Michael Wong  |  

Sorbet, a US Fintech offering employees access to the monetary value of their unused paid time off (PTO), has launched its services nationwide. This expansion follows a strategic partnership with Lead Bank, a key player in providing financial services to fintech companies. The timing of… Read More

September 14, 2024 @ 4:54 pm By Michael Wong  |  

Singapore-based Fintech group M-DAQ Global Pte. Ltd. has launched its Wallex cross-border foreign exchange (FX) and payment solution in Malaysia, following its acquisition of B2B payments service provider Easy Pay Transfers Sdn. Bhd. The launch of Wallex marks the expansion of M-DAQ’s footprint in the… Read More

September 14, 2024 @ 12:49 pm By Michael Wong  |  

Shanghai has unveiled an ambitious action plan to position itself as a global Fintech hub, with 31 measures aimed at upgrading the city’s financial technology landscape over the next three to five years. The action plan, released by the municipal government on Friday, outlines a… Read More

September 14, 2024 @ 12:45 pm By Michael Wong  |  

Abu Dhabi’s sovereign wealth fund, Mubadala, has taken its first stake in London-based Fintech company Revolut, participating in a share sale that valued the firm at $45 billion. Revolut is one of the largest crowdfunding success stories. During its early days, the company raised money… Read More

September 9, 2024 @ 9:22 pm By Michael Wong  |  

The joint Taskforce on SME Lending, established by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB), recently held its inaugural meeting attended by representatives from the HKMA, HKAB, and 14 banks actively involved in lending to small and medium-sized… Read More

September 8, 2024 @ 9:40 pm By Michael Wong  |  

Smartkarma, a Singapore-based global investment intelligence platform, has acquired Helixtap, a global commodities alternative data and insights platform, in a strategic move to enhance its market presence and proprietary data services. The acquisition marks a significant milestone in Smartkarma’s efforts to broaden its coverage across… Read More