Asia

April 4, 2023 @ 6:17 pm By Omar Faridi  |  

Hadhramout Commercial Bank (HCB) has successfully gone live on ICS BANKS Innovative Core banking, Digital Banking, and Islamic Banking solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions. Hadhramout Commercial Bank is “a newly established Yemeni bank… Read More

April 4, 2023 @ 3:17 pm By Omar Faridi  |  

Tranglo recently announced the launch of instant SEPA payments to Europe. It reportedly marks the company’s first large-scale expansion “in that region and comes amid an influx of cross-border funds in recent years.” As noted in the update, SEPA “facilitates over 43 billion transactions annually,… Read More

April 3, 2023 @ 9:56 pm By Omar Faridi  |  

The Central Bank of Bahrain has issued amendments to its Crypto-assets (“CRA”) Module in March 2023, “following a consultation process with the industry stakeholders.” The amendments aim “to cater to the ongoing developments in the crypto-assets markets and comply with the industry best practices while… Read More

April 2, 2023 @ 6:18 am By Omar Faridi  |  

NdcTech, a technology services firm transforming banks and financial institutions globally has successfully modernized the core banking system of Samba Bank onto the latest release of Temenos Transact. Samba Bank Limited is “a subsidiary of Saudi National Bank (SNB) KSA in Pakistan, offering personal and… Read More

March 31, 2023 @ 4:05 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have partnered to announce QR codes for payments will now be accepted bilaterally. Users at participating financial firms will now accept in-person payments by scanning a physical code displayed on merchants as well as… Read More

March 31, 2023 @ 8:10 am By Omar Faridi  |  

bolttech, the international insurtech, and Tune Protect Group, the region’s digital lifestyle insurer, have announced a partnership “to launch a new generation of device protection solutions and support services in Malaysia.” Tune Protect Malaysia, the Malaysian General Insurance arm of the Group, is the exclusive… Read More

March 30, 2023 @ 5:27 pm By Omar Faridi  |  

The Alipay platform announced an incentive plan worth 10 billion RMB (approximately 1.45 billion USD) to further support its service provider partners (ISVs). The ISVs are independent software vendors that “utilize Alipay’s digital capabilities to create solutions for merchants, such as mobile food ordering, digital… Read More

March 30, 2023 @ 11:11 am By JD Alois  |  

Do Kwon is expected to stand trial in Montenegro before facing charges in other interested jurisdictions. Kwon is the founder and CEO of Terraform Labs, the crypto company that created TerraUSD and LUNA. TerraUSD was an aspiring algorithmic stablecoin pegged to the US dollar. The… Read More

March 30, 2023 @ 9:20 am By Omar Faridi  |  

Japan’s Finance Ministry is reportedly planning to appoint a panel of experts this coming month in order to determine the feasibility of issuing a digital yen. This, according to a report  from NHK. The ministry’s panel in Japan will be going over how to establish… Read More

March 29, 2023 @ 10:25 pm By Omar Faridi  |  

HDFC Bank Ltd has appointed Backbase in order “to deliver their vision for a market-leading digital banking experience in India.” Backbase powers HDFC Bank’s retail banking, “enabling a more seamless customer experience across digital touchpoints in response to changing consumer expectations and new regulatory requirements.”… Read More

March 29, 2023 @ 9:57 pm By Omar Faridi  |  

New Zealand-headquartered green fintech firm Cogo conducted a survey to uncover Japanese customer attitudes towards banks and financial apps “helping them drive sustainable lifestyles.” Administered in collaboration with strategic design and sustainability consultancy Fabric, the survey “engaged 1,966 participants who use banking and financial apps… Read More

March 29, 2023 @ 8:49 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the opening of its new technology center in Pune, India. The center will “augment Cowbell’s existing development centers in Pleasanton, California; Plano, Texas; and Toronto, Canada, and extend the company’s global… Read More

March 28, 2023 @ 11:24 pm By Omar Faridi  |  

Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced the opening of its new office in Singapore, “strengthening its presence in the APAC region following a strong increase in businesses’ needs.” Leaning on its large portfolio of… Read More

March 28, 2023 @ 8:27 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Kiatnakin Phatra Securities Plc., one of the leading financial institutions in Thailand for wealth management, has selected Temenos to advance its service platform. Kiatnakin Phatra Securities, “which is part of Kiatnakin Phatra Financial Group, will implement Temenos Wealth to provide… Read More

March 27, 2023 @ 11:47 am By Omar Faridi  |  

Rakuten Group, Inc. recently announced that the Tokyo Stock Exchange approved the new listing of common shares of Rakuten Bank, Ltd., a consolidated subsidiary of the company, on the Tokyo Stock Exchange Prime Market. The listing date on the Tokyo Stock Exchange Prime Market is… Read More

March 26, 2023 @ 11:37 pm By Omar Faridi  |  

Sygnum, the digital asset bank, announces the opening of its Middle East hub in the Abu Dhabi Global Market international financial centre “to provide a portfolio of Swiss-regulated crypto banking services.” This move should further strengthen Sygnum’s global reach, “following Sygnum Singapore’s growth via corporate… Read More

March 26, 2023 @ 1:34 pm By Omar Faridi  |  

Checkout.com, the global payments solutions provider, and Mastercard announced that they will make Mastercard Send available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year. The Send service – which “powers real-time payments1 for consumers, gig… Read More

March 26, 2023 @ 1:05 pm By Omar Faridi  |  

Fusion Bank, a virtual bank strategically invested in by Tencent Holdings Limited, announces the launch of Business Banking Services “to provide flexible and convenient Internet Banking services to local small and medium-sized enterprises (SMEs), empowering them to expand their businesses.” SMEs can now “submit Fusion… Read More

March 25, 2023 @ 4:41 pm By Omar Faridi  |  

Dubai International Financial Centre (DIFC), the global financial centre in the MENA and South Asia region, officially announced the launch of its venture building programme, ‘DIFC Launchpad’. The initiative seeks to develop a strong venture building model “that promotes the growth of innovative start-ups and… Read More

March 25, 2023 @ 8:47 am By Omar Faridi  |  

Maybank introduced Malaysia’s integrated automobile financing solution for Electric Vehicle (EV) and Hybrid customers “covering various aspects of owning an EV or Hybrid vehicle including holistic financing solutions, insurance and takaful coverage as well as EV charging privileges.” This is in line “with the Group’s… Read More