Asia

August 6, 2023 @ 10:34 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) and Ant Group entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute “to tackling global issues such as climate change and ocean protection.” Dr. José… Read More

August 6, 2023 @ 10:20 pm By JD Alois  |  

Fasset, a Fintech aiming to support financial inclusion, has launched a “Super App,” reportedly garnering over one million signs ups in the first week. Fasset is a digital asset firm that provides access to tokenized real world assets. The company said that sign ups came… Read More

August 6, 2023 @ 8:24 pm By Omar Faridi  |  

Contour, the digital trade finance network, announced that the Singapore office of MUFG Bank, which claims to be Japan’s premier bank is joining its growing digital network. MUFG has a global presence “spanning around 50 markets, while its parent Mitsubishi UFJ Financial Group (MUFG) is… Read More

August 4, 2023 @ 11:57 pm By Omar Faridi  |  

flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, and Tabby, the MENA region’s shopping and financial services app, have announced a partnership “to provide travelers with flexible payment solutions, allowing flynas’ customers to pay for their… Read More

August 3, 2023 @ 9:25 pm By Omar Faridi  |  

Nium, which claims to be the leader in real-time global payments, has published its 2022 audit, “showing US$82M in net revenue which grew 2.7x YoY and ended at more than $100M net revenue run rate.” Nium says it is Singapore’s first global Fintech “focused on… Read More

August 3, 2023 @ 9:22 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues and appears to be operating in jurisdictions where crypto services are banned, is pleased to announce the launch of Binance Japan, their new platform “designed for the Japanese market.” Binance says… Read More

August 3, 2023 @ 11:36 am By Omar Faridi  |  

Emtech, a provider of central banking infrastructure, has launched its Central Bank Digital Currency (CBDC) Innovation kit. According to the firm, the kit aims to support Fintech platforms and various other financial service providers that are looking to experiment with solutions based on virtual currencies… Read More

August 2, 2023 @ 10:30 am By Omar Faridi  |  

Binance, which claims to be the world’s largest virtual currency exchange, was expected to leave China behind when the nation officially made cryptocurrency trading illegal back in 2021. Two years later, clients have reported traded $90 billion worth of crypto-focused assets in China during a… Read More

August 1, 2023 @ 11:01 pm By Omar Faridi  |  

Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB), has announced the final list of FinTech Startups to join Wave 5 of its Incubator and Accelerator Programs. The series is part of QDB’s efforts “to support startups in their entrepreneurial journey through various programs… Read More

August 1, 2023 @ 10:58 pm By Omar Faridi  |  

Uppsala Security, which claims to be a pioneering digital asset cybersecurity and regulation technology (Regtech) project, recently announced a significant milestone in its mission to protect virtual asset investors. The company signed a momentous “MOU” with Bitcmon, a virtual asset exchange, to enhance response capabilities… Read More

August 1, 2023 @ 10:56 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently launched a public consultation on a revised framework to strengthen surveillance and defence against money laundering (ML) risks in Singapore’s Single Family Office (SFO) sector. The revised framework will aim to “introduce a harmonized class exemption for SFOs… Read More

August 1, 2023 @ 10:45 pm By Omar Faridi  |  

Kuwait International Bank (KIB) has announced the launch of its Corporate Online Banking platform, heralding “a new phase of financial empowerment and security for its corporate customer.” The launch falls in line with the Bank’s commitment “to digital innovation and expanding its modern banking solutions.”… Read More

July 31, 2023 @ 7:24 pm By Omar Faridi  |  

Global Fintech revenue is expected to increase around 6x from current levels between 2021 and 2030 and could hit $1.5 trillion. The APAC region is expected to claim a significant portion of that total, representing around 40% of international Fintech revenue or totaling about $600… Read More

July 31, 2023 @ 4:44 pm By Omar Faridi  |  

Insurtech firm bolttech says it is pleased to share that the international insurance technology company has appointed Stuart Watson as its Director, Insurance Exchange, Asia. In his new role, Stuart will “lead business development for bolttech’s embedded insurance and marketplace propositions in the region, working… Read More

July 31, 2023 @ 4:16 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce that their Dubai subsidiary, Binance FZE, has reportedly become the first exchange “to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority… Read More

July 30, 2023 @ 10:21 pm By Omar Faridi  |  

The first half of the year was a “busy” one for the RoboCash Group. The holding focused “on the expansion of the current business in the Philippines and Kazakhstan, as well as the systematic preparation for the opening of new markets.” As noted in a… Read More

July 30, 2023 @ 9:09 pm By Omar Faridi  |  

The United Kingdom and Singapore held the 8th UK-Singapore Financial Dialogue in London. The Dialogue facilitated a useful exchange of views, and “identified opportunities for further collaboration on joint projects, in priority areas such as sustainable finance and FinTech and innovation.” Sustainable Finance Both countries… Read More

July 30, 2023 @ 11:39 am By Omar Faridi  |  

Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI), recently announced the completion of its Pre-A funding round, bringing the total value raised “to date to over USD$9 million and the company valuation to USD$150 million.” The investment round was led by global investors, “including Sanctor… Read More

July 30, 2023 @ 5:57 am By Omar Faridi  |  

Maybank offers a welcome to Tesla (NASDAQ:TSLA) after their recent announcement to enter the electric vehicle (EV) auto market for their Model Y in Malaysia. This also signifies the Group’s involvement “as the key EV financing partner for Tesla in the country aligned to its… Read More

July 28, 2023 @ 6:53 pm By Omar Faridi  |  

Checkout.com, a global payment solution provider, announced today a partnership with NetEase Games, the online games division of NetEase, Inc. and a leading global developer and publisher of video game IP “for their international payment operations.” Leveraging Checkout.com’s extensive experience in cross-border payments and global… Read More