Asia

January 29, 2024 @ 8:13 pm By Omar Faridi  |  

Tonik Digital Bank Inc. (TDB), the digital bank in the Philippines, announced a significant leadership transition. Long Pineda, President of TDB, will be retiring from her executive role and will “assume the position of non-executive Chairman of the Board of Directors of TDB.” In her… Read More

January 28, 2024 @ 9:17 pm By Omar Faridi  |  

NayaPay, a financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International. The collaboration between NayaPay and Alipay+ is set “to make a significant impact by deploying QR codes compatible with both RAAST and Alipay+ payment partners, including… Read More

January 28, 2024 @ 7:00 pm By Omar Faridi  |  

Maybank through its Islamic Banking arm, Maybank Islamic Berhad recently launched the Shariah-compliant portfolio financing solution, “making it the first Islamic bank in the country to do so, adding to the myriad of offerings for wealth creation and wealth accumulation under the Bank’s Islamic Wealth… Read More

January 28, 2024 @ 6:56 pm By Michael Wong  |  

UAE’s Sharjah Islamic Bank (SIB) has announced a strategic partnership with Noqodi, a Fintech company and payment gateway owned by Emaratech Group, to enhance digital payment services. In a statement, the bank said the collaboration is set to substantially enhance the digital and electronic payment… Read More

January 28, 2024 @ 6:47 pm By Michael Wong  |  

Digital banks are now seeking to engage with the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to establish multilateral relationships and foster an open banking ecosystem. This initiative aims to attract more borrowers and support the operation of digital banks in… Read More

January 26, 2024 @ 11:29 am By Michael Wong  |  

Addlly AI, a Singapore-based Generative AI startup, announced the successful closure of its seed funding round, achieving a valuation cap of S$5 million. The fresh funding will be used for the strategic expansion of the company’s capabilities in AI-driven digital marketing, according to the announcement…. Read More

January 26, 2024 @ 10:30 am By Omar Faridi  |  

Global digital asset banking group Sygnum announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this… Read More

January 24, 2024 @ 7:27 pm By Omar Faridi  |  

Informatica (NYSE: INFA), an enterprise cloud data management leader, today announced that UnionBank of the Philippines, a universal bank in the Philippines, has chosen to adopt Informatica’s intelligent Master Data Management (MDM) SaaS as “the bank transitions from an on-premises solution to the cloud as… Read More

January 24, 2024 @ 6:37 pm By Omar Faridi  |  

DIFC Innovation Hub, which claims to be the largest start-up and innovation hub in the world operating out of Dubai International Financial Centre (DIFC), the global financial centre in the MEASA) region, is collaborating with global Swiss wealth management firm, Julius Baer, and the Financial… Read More

January 24, 2024 @ 12:19 pm By Omar Faridi  |  

HashKey Group, an end-to-end digital asset financial services group in Asia, and OKX, a global Web3 technology company and crypto exchange, announced plans to “create a partnership to promote compliant virtual asset innovation and industry development in Hong Kong.” The planned collaboration is to “include… Read More

January 23, 2024 @ 11:38 pm By Omar Faridi  |  

GB Helios (formerly known as Goldbell Financial Services), an innovative Singaporean financial solutions provider, is marking four years of working with cloud banking platform Mambu, with the partnership instrumental in enabling GB Helios “to achieve rapid growth and deliver exceptional customer experiences.” Since partnering with… Read More

January 23, 2024 @ 4:28 am By Omar Faridi  |  

Mashreq, which claims to be one of the leading financial institutions in the MENA region, has signed a Memorandum of Understanding (MoU) with the UAE-based fintech firm, Fils, in order to “develop a corporate carbon offsetting offering that helps corporate and institutional clients to integrate… Read More

January 22, 2024 @ 9:36 pm By Omar Faridi  |  

Saudi Tadawul Group Holding Company (STG), a diversified capital markets group in the MENA region, has entered into a binding agreement with existing shareholders of DME Holdings Limited in order to “acquire a 32.6% stake in Dubai Mercantile Exchange (DME), one of the leading international… Read More

January 21, 2024 @ 5:59 pm By Michael Wong  |  

Financial firm AllBank and digital payment platform JustPayTo have announced a strategic partnership aimed at enhancing the digital payment ecosystem in the Philippines. In a statement, the two firms said their partnership seeks to revolutionize the way customers engage in cashless transactions, especially in the… Read More

January 21, 2024 @ 5:53 pm By Michael Wong  |  

Healspan, a Bengaluru-based Insurtech startup, has raised Rs 1.2 crore in a pre-seed funding round led by startup accelerator PedalStart. This latest capital infusion brings the company’s total funding to Rs 1.7 crore, positioning it for significant growth in India’s competitive insurance technology sector, according… Read More

January 21, 2024 @ 5:46 pm By Omar Faridi  |  

Regtech Sumsub has reportedly joined the MENA FinTech Association (MFTA) in order to drive business growth in the MENA region, while “raising identity fraud awareness, and fostering innovation in the fintech sector.” This partnership highlights Sumsub’s commitment “to establishing and strengthening key industry connections and… Read More

January 21, 2024 @ 5:44 pm By Michael Wong  |  

Philippine-based web3 gaming player Yield Guild Games (YGG) announced its collaboration with Iskra, a blockchain gaming hub and launchpad, to introduce innovative questing systems to its platform. Iskra, backed by industry giants such as LINE, Kakao, Wemade, and Netmarble, boasts over four million registered wallets… Read More

January 20, 2024 @ 9:36 pm By Michael Wong  |  

Bharatsure, an emerging Insurtech startup based in India, has reportedly raised $1 million in a funding round anchored by early-stage venture capital fund Capital-A. The round also saw contributions from Grip Invest and a cohort of existing investors, including Inflection Point Ventures, Dexter Ventures, HEM… Read More

January 20, 2024 @ 7:43 pm By Michael Wong  |  

India-based financial services platform DMI Group has announced its acquisition of the Goldman Sachs-backed ‘buy now pay later’ (BNPL) platform ZestMoney. This comes after the Bengaluru-based ZestMoney ceased operations following unsuccessful attempts to revive its business amid regulatory uncertainties. DMI, having raised over $1.5 billion… Read More

January 20, 2024 @ 3:56 pm By Omar Faridi  |  

Valmar Capital, a digital assets multi-manager multi-strategy platform, notes that volumes, in particular, the 7-day ADV across spot and futures markets are all markedly “lower than the prior week as activity going into the BTC ETF event has waned.” Valmar Capital stated in an extensive… Read More