Asia

June 3, 2023 @ 10:15 pm By Omar Faridi  |  

IOST is pleased to announce a collaboration with Professor Emil Chan, a Fintech visionary and digital transformation professional. Together, they will create NextEduDAO, a decentralized autonomous organization (DAO) dedicated to improving higher education “through innovation.” Their mission is “to establish a leading global education DAO… Read More

June 3, 2023 @ 9:14 pm By Omar Faridi  |  

TS Imagine, the global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, is pleased to announce the appointments of Stephanie Cheung and An Hoong to its team in the Asia Pacific (APAC) region. Both bring relevant experience “from previous roles at… Read More

June 1, 2023 @ 10:42 pm By Omar Faridi  |  

NomuPay, a modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, has raised $53.6m. The investment round was “led by Finch Capital, and includes participation from Outpost Ventures, a Neuberger Berman fund, with participation from individuals.” Peter Burridge,… Read More

May 31, 2023 @ 10:56 pm By Omar Faridi  |  

Tarabut Gateway, MENA’s open banking platform, announces a strategic partnership with Qarar, the region’s credit analytics technology provider and technology arm of SIMAH, the first and largest credit bureau in the Kingdom of Saudi Arabia. This strategic partnership is set to enhance the financial landscape… Read More

May 31, 2023 @ 10:41 pm By JD Alois  |  

On June 1, 2023, new rules regarding digital assets go into effect, which may make Hong Kong a crypto hub. Earlier this month (May 2023), the Hong Kong Securities and Futures Commission (SFC) concluded the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators. According… Read More

May 31, 2023 @ 9:28 pm By Omar Faridi  |  

Rakkar Digital, a Singapore-based company providing digital asset custodian services to institutional and enterprise clients across Southeast Asia and Hong Kong, is pleased to announce the launch of Rakkar Digital Asset Custodian, powered by Fireblocks’ MPC-CMP direct custody technology. The announcement follows “a USD 10… Read More

May 31, 2023 @ 12:27 pm By Omar Faridi  |  

Next Capital has partnered with Mambu to launch a new suite of lending products in just four months. Leading Thai technology-driven auto leasing company Next Capital Public Company (Next Capital) has partnered with Mambu, “launching a new suite of lending products on Mambu’s SaaS cloud-native… Read More

May 31, 2023 @ 12:24 pm By JD Alois  |  

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) have announced a move to strengthen policy collaboration on financial services, including digital assets. The announcement was revealed during a bilateral meeting in Abu Dhabi earlier this week. According to… Read More

May 31, 2023 @ 10:59 am By Omar Faridi  |  

ZA Bank, Hong Kong’s virtual bank, unveiled its plan to introduce virtual asset trading services for retail investors. With this move, ZA Bank is set “to support the Hong Kong SAR government’s vision to develop a vibrant sector and ecosystem for virtual assets.” ZA Bank’s… Read More

May 31, 2023 @ 10:22 am By JD Alois  |  

Singapore securities regulator, the Monetary Authority of Singapore (MAS), has announced a partnership with Google [Alphabet] (NASDAQ:GOOG). According to a statement by MAS, the regulatory will work with Google Cloud to collaborate on generative artificial intelligence (AI) solutions to advance the development and use of responsible… Read More

May 30, 2023 @ 11:16 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) recently announced that Tan Hooi Ling has informed its board of directors of her intention to step down from her operating roles at Grab, including her directorship, “by the end of 2023.” Tan will be transitioning into “an advisory role… Read More

May 29, 2023 @ 5:35 pm By Omar Faridi  |  

UOB Malaysia announced the launch of its refreshed mobile banking app, UOB TMRW. The all-in-one app, “powered by leading technologies including data analytics, artificial intelligence (AI) and machine learning models, underscores the Bank’s commitment to provide customers with a simpler, smarter and more personalized banking… Read More

May 29, 2023 @ 4:37 pm By Omar Faridi  |  

Gulf Binance Co., Ltd., a joint venture between Binance and Gulf Innova Co., Ltd., has now secured digital asset operator licenses from the country’s Ministry of Finance. Digital asset operators are “regulated by Thailand’s Securities and Exchange Commission (SEC).” Gulf Binance will be able “to… Read More

May 29, 2023 @ 3:26 pm By JD Alois  |  

Manappuram Finance Limited has launched a digital lending app Ma-Money. Manappuram is a gold loan platform in India.  The company went public in August 1995, and its shares are listed on the stock exchanges of Mumbai, Chennai, and Kochi. The new digital lending platform is… Read More

May 29, 2023 @ 10:48 am By Omar Faridi  |  

Instant Cash, a company within the FINTX portfolio, the fintech arm of Emirates Post Group, has received the Retail Payment Services and Card Scheme Regulation (RPSCS) Category 2 License from the Central Bank of the UAE (CBUAE). This reportedly makes it “the first Money Transfer… Read More

May 28, 2023 @ 8:44 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB) has reportedly become the first bank in the UAE to provide small and medium-sized enterprises (SMEs) “with convenient remote account opening services through a mobile app by deploying Emirates Face Recognition (EFR) technology.” This new feature will “allow businesses to… Read More

May 27, 2023 @ 4:49 pm By Omar Faridi  |  

MoMo, which claims to be one of Vietnam’s leading fintech companies, recently announced that it now offers customers of Vietnam’s Apple Store Online flexible payment options, “with the launch of monthly Instalments for Apple Store Online.” With this new feature, Vietnamese customers will “have the… Read More

May 25, 2023 @ 10:00 pm By Omar Faridi  |  

D360 Bank, Saudi Arabia’s innovative new digital bank is pleased to announce its partnership with Thunes, a global cross-border payment infrastructure platform. This collaboration will “empower D360 Bank’s customers in Saudi Arabia to make fast and cost-effective B2B business payments and international remittances worldwide.” Additionally,… Read More

May 25, 2023 @ 9:52 pm By Omar Faridi  |  

SAB has announced its collaboration with Ottu, a fast-growing payment fintech, to enhance its Digital Payments Solution. This partnership will “provide SAB merchants with an Online Payment Management Solution (OPMS) using direct integration with the payment gateways provided by SAB.” This collaboration aims “to simplify… Read More

May 25, 2023 @ 9:48 am By Omar Faridi  |  

Global blockchain technology company and start-up accelerator Cronos Labs announced that it will participate as the main blockchain network partner of the ‘Seoul Web 3.0 Festival 2023’ (SWF2023), organized by the Seoul Metropolitan Government. SWF2023 aims “to enhance the competitiveness of Korea’s Web3 industry and… Read More