Asia

August 3, 2024 @ 5:18 pm By Michael Wong  |  

National Pulse, a Dubai-based tech-driven enterprise, has strategically invested in Singaporean Fintech firm Aleta Planet to enhance cross-border payment services in the Middle East. This move aligns with the UAE’s recent push towards open finance and the adoption of digital services, according to the announcement…. Read More

August 3, 2024 @ 5:14 pm By Omar Faridi  |  

Deutsche Bank has launched BASF’s first sustainability-linked payables finance program in Asia, with a focus on its operations in China. The solution meets global standards and has “been tailored to suit local business requirements.” The program will support BASF’s activities in China. The solution provided… Read More

August 3, 2024 @ 4:57 pm By Michael Wong  |  

Globe Fintech Innovations, Inc. (Mynt), the operator of the Philippines’ leading finance super app GCash, has elevated its market position with fresh investments from Ayala Corporation and Mitsubishi UFJ Financial Group (MUFG), boosting its valuation to an impressive $5 billion. This new valuation marks a… Read More

August 3, 2024 @ 8:05 am By Michael Wong  |  

Grab-led GX Bank Berhad (GXBank) announced its plan to invest MYR 1.5 billion ($333 million) into Malaysia over the next five years, including the launch of the GX Untuk Semua initiative. In a statement, GXBank emphasized that the initiative aligns with its enduring commitment to… Read More

August 2, 2024 @ 6:21 am By JD Alois  |  

Abu Dhabi has officially launched the Blockchain Center as it seeks to boost innovation and foster growth in the digital asset sector. The Blockchain Center aims to create a thriving ecosystem that “supports startups, enterprises, and academic institutions through a range of comprehensive services and… Read More

July 31, 2024 @ 6:46 pm By Omar Faridi  |  

Tonik, the Philippines’ digital-only neobank, recently announced that it has achieved steady growth in its consolidated loan portfolio and revenue in the first half of 2024. In 2023, Tonik claims that it “became the first non-captive digital bank in the Philippines to achieve a major… Read More

July 31, 2024 @ 5:22 am By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, announces the establishment of its first global Center of Excellence (COE) focused on Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE will serve as the development hub “for Backbase’s AI banking solutions worldwide and will… Read More

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

C2FO, the on-demand working capital platform, announced that the Small Industries Development Bank of India (SIDBI) is the latest financier to join C2treds. This national funding platform “enables the early payment of invoices to provide much-needed liquidity to India’s micro, small, and medium-sized businesses (MSMEs).”… Read More

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

Network International, the enabler of digital commerce, and Biz2X, a global technology and financing fintech in the U.S., India and Australia with over $10 billion USD funded through its digital lending platform, today announced a new SME financing partnership. The primary objective of the partnership… Read More

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced that it has become the first payment service provider to receive the Reserve Bank of India’s Payment Aggregator license for cross-border payments, for both imports and exports. This approval allows the company to “extend its cross-border… Read More

July 30, 2024 @ 10:10 pm By Omar Faridi  |  

API infrastructure platform M2P Fintech reportedly reached the final stage to secure $80 million at a $900 million valuation. M2P Fintech, previously known as Yap, is said to be in the last few stages of finalizing a new round including new and existing investors, according… Read More

July 30, 2024 @ 5:02 pm By Omar Faridi  |  

In a strategic move to extend its global footprint, Toss Securities, a securities firm with a data-driven investment platform based in South Korea, is set to establish a new corporate office in the United States. Toss Securities is a subsidiary of the South Korean Fintech,… Read More

July 29, 2024 @ 5:26 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is poised to significantly advance the digital payments landscape in the country with the upcoming introduction of its Request to Pay (RTP) and Direct Debit facilities. Announced by BSP Deputy Governor Mamerto Tangonan… Read More

July 28, 2024 @ 4:55 pm By Michael Wong  |  

Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), has been reappointed to his role for another five-year term starting in October. In a statement following the Financial Secretary’s announcement, Yue expressed gratitude for the opportunity to continue his leadership, underscoring the… Read More

July 28, 2024 @ 4:40 pm By Omar Faridi  |  

VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in Pakistan, has secured the country’s largest long-term private sector syndicated credit facility of up to PKR 75 billion (c. USD 270… Read More

July 27, 2024 @ 1:00 pm By Michael Wong  |  

The central bank of the Philippines will resume accepting applications for digital banking licenses after a three-year moratorium, signaling a significant expansion in the burgeoning sector. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the number of available slots for new entrants will… Read More

July 25, 2024 @ 9:57 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, recently announced the listing of Chainkeeper on GetBlock’s Marketplace. Chainkeeper is an AI crypto investigator designed “to professionally and efficiently address the security challenges of… Read More

July 25, 2024 @ 5:00 am By Omar Faridi  |  

Maybank, a partner to two-thirds of Malaysia’s 1.2 million SMEs, has taken a significant step forward in empowering them by automating bookkeeping. This innovative solution frees them to focus “on their core business and allows for a more efficient way of managing their finances, seamlessly… Read More

July 24, 2024 @ 10:19 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, released new findings from its Jumio 2024 Online Identity Study, revealing growing concern among the general public on the political influence AI and deepfakes may have on Singapore’s next election, and how… Read More

July 24, 2024 @ 11:23 am By JD Alois  |  

Crypto exchange Bitstamp says it has commenced to return digital assets to creditors of the Mt. Gox debacle. A long time in the making, crypto is finally being returned to claimants as part of the bankruptcy process of the once-top crypto exchange. Bitstamp said they… Read More