Asia

March 6, 2023 @ 1:17 am By Omar Faridi  |  

Liquidity Group, a pioneering financial technology firm and asset manager that uses patented machine learning and decision science to provide capital to high-growth technology companies, has announced the launch of its global ‘Twenty Chairs’ series. The series will bring together leading industry players “to network… Read More

March 2, 2023 @ 10:55 pm By Omar Faridi  |  

Open finance platform Brankas has announced a new feature enabling instant bank account opening as an “embedded finance” experience on third-party applications. The API is the “first” of its kind in the region, “launched first in Indonesia and the Philippines.” As a bundle with Brankas’… Read More

March 2, 2023 @ 7:17 pm By Omar Faridi  |  

Tazapay, a Singapore-based cross-border payments provider, has partnered with leading global real-time payments gateway Volt “to add open banking to its growing stack of payment offerings, as it accelerates its international growth plans across the UK and Europe. The partnership will enable Tazapay’s customers “to… Read More

March 1, 2023 @ 8:43 pm By Omar Faridi  |  

Dubai International Financial Centre (DIFC), the global financial centre in the MENA and South Asia region, has chosen anti-financial crime compliance specialist Napier in order to upgrade the screening services they employ with Napier Client Screening. With the next-generation solution, the DIFC Authority will “benefit… Read More

February 28, 2023 @ 10:33 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced its strategic acquisition of Zecpe, a one-click checkout company. Zecpe enables e-commerce businesses “to improve checkout conversion by making the process quick and seamless for customers.” Zecpe will now “operate as a wholly-owned subsidiary of Cashfree… Read More

February 28, 2023 @ 8:15 pm By Omar Faridi  |  

Maybank, Southeast Asia’s fourth largest bank by assets, reported “a net profit of RM8.23 billion for the financial year ended 31 December 2022 (FY22).” Profit before tax (PBT) meanwhile, “was 11.6% higher at RM12.15 billion from RM10.89 billion a year earlier.” The better results were… Read More

February 28, 2023 @ 9:27 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued a Notice imposing mandatory baseline standards of due diligence and conduct requirements “for corporate finance (CF) advisers.” These requirements aim to “raise the standards of conduct of CF advisers, improve the quality of disclosures and allow investors… Read More

February 27, 2023 @ 9:42 am By JD Alois  |  

Hong Kong-based Shanghai Commercial Bank (ShaComBank) has enlisted Salt Edge to help power its open banking services, including PSD2 options, according to a blog post. ShaComBank currently has more than 50 branches in both Hong Kong and mainland China, as well as the United States… Read More

February 26, 2023 @ 9:20 pm By Omar Faridi  |  

Ava Labs announced it has entered into a partnership with Tencent Cloud to support projects and developers across the Avalanche ecosystem. In addition to providing developers with rapid node deployment, both parties will also “explore Avalanche Subnets for enterprises to help accelerate adoption of Web3… Read More

February 26, 2023 @ 9:15 pm By Omar Faridi  |  

HashKey DX Co., Ltd. (Headquartered in Chiyoda, Tokyo, CEO: Andy Dan) has signed an exclusive domestic distribution agreement with CertiK (Headquartered in New York, USA,Co-Founder: Prof. Ronghui Gu and Prof. Zhong Shao) in order “to bring blockchain-specific security solutions to the Japanese market.” Blockchain technology… Read More

February 26, 2023 @ 6:46 pm By Omar Faridi  |  

FOODICS, the cloud-based restaurant management technology and payments platform in the MENA region, has announced that it “signed a strategic agreement with the pioneering virtual drive-through startup n.go.” n.go, which entered the food and beverage sector in 2021, “provides a unique experience to customers on… Read More

February 26, 2023 @ 4:43 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announced the licensing of Mani, a finance debt collection company to provide debt collection service for finance institutions. The license was granted to the company after completing all requirements stipulated in the “Rules of Licensing Finance Support Activities” issued by… Read More

February 26, 2023 @ 4:40 pm By Omar Faridi  |  

FalconX, which claims to be the “most reliable” digital assets prime brokerage for the world’s leading institutions, announced expansion of its services into Singapore. Matt Long has “joined FalconX as General Manager and Ave King as Chief Compliance Officer, both based in Singapore.” Alongside these… Read More

February 25, 2023 @ 6:35 pm By Omar Faridi  |  

Pine Labs, a merchant commerce omnichannel platform and Thomas Cook (India) Limited, India’s foreign exchange service provider, have partnered with National Payments Corporation of India (NPCI), in “a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries.”… Read More

February 23, 2023 @ 6:03 pm By Omar Faridi  |  

B2B B2B2C blockchain based luxury platform GUHADA recently announced that it has completed attracting an 8 billion KRW Series B investment. Leading domestic venture capital firms such as Korea Investment Partners, Woori Bank,  DTNI Investment (DTNI), BM Ventures participated in the Series B investment round…. Read More

February 22, 2023 @ 9:34 pm By Omar Faridi  |  

UAE-based Fintech firm InvestSky has launched a social investing platform with assistance from Alpaca. InvestSky is a social investing platform that “offers a new generation of investors the opportunity to embark on trading stocks in a more inclusive, intuitive, and informed way.” InvestSky was established… Read More

February 22, 2023 @ 9:30 pm By Omar Faridi  |  

Vietnam’s Fintech start-up GIMO has announced the first close of its Series A funding with a US$5.1 million investment “led by TNB Aura.” Other investment firms joining the investment round “are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.”… Read More

February 22, 2023 @ 5:31 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More

February 22, 2023 @ 10:22 am By Omar Faridi  |  

The Crypto Incident Response Center (CIRC) of Uppsala Security, a South Korean blockchain virtual asset regulatory technology (RegTech) specialist, has recently released its 2022 CIRC Statistical Report. The report is “based on submissions received directly from victims of virtual asset crimes in South Korea, offering… Read More

February 22, 2023 @ 1:00 am By Omar Faridi  |  

Hub71, Abu Dhabi’s global tech ecosystem, announced the launch of Hub71+ Digital Assets, a dedicated Web3 specialist ecosystem, “with more than $2 billion of capital committed to fund Web3 startups and blockchain technologies from the UAE’s capital.” Hub71+ is “a specialist ecosystem dedicated to advancing… Read More