Asia

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

March 23, 2023 @ 9:45 pm By JD Alois  |  

Kredivo Holdings, previously operating as FinAccel, has raised $270 million in Series D funding, according to a statement by the company. The funding was led by Mizuho Bank, Ltd., with the participation of Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace… Read More

March 23, 2023 @ 9:36 pm By Omar Faridi  |  

Bank ABC, which claims to be one of MENA’s major international banks, has signed agreements with Temenos and NdcTech in order “to replace its core banking systems for its retail, corporate and wholesale businesses and power its subsidiary, ila Bank, the MENA region’s fast-growing digital… Read More

March 22, 2023 @ 10:27 pm By Omar Faridi  |  

KreditBee, which claims to be one of India’s leading fintech platforms, announced its partnership with PayU, a digital payments solution provider. Together, they offer customers the option “to convert their online purchases worth between ₹2400 up to ₹2 lakhs into easy cardless EMIs during checkout.”… Read More

March 21, 2023 @ 9:37 pm By Omar Faridi  |  

With their continued growth and drive to serve clients globally, Addepar is opening a new office in Pune, India. Establishing a presence in India will enable Addepar to increase their investments in research and development (R&D) and support “an increasingly global client base.” This expansion… Read More

March 21, 2023 @ 9:21 pm By Omar Faridi  |  

Western Union (NYSE:WU) and MoMo announced a strategic collaboration “enabling customers to receive Western Union money transfers on the MoMo app.” It is reportedly the “first” time a money transfer operator’s services “have become available on a leading super app in Vietnam.” Key insights from… Read More

March 21, 2023 @ 2:18 pm By Omar Faridi  |  

Clausematch, a technology company developing solutions for regulatory compliance, is pleased to announce today it has gone live with LMG, Australasia’s “biggest” loan aggregator. Over the last 2-3 years, the industry “has experienced substantial regulatory change.” The complexity in “managing regulations, policies, controls and internal… Read More

March 21, 2023 @ 8:53 am By Omar Faridi  |  

Virtual banking platform Credable aims to expand operations to new markets after acquiring $2.5 million in funding. The seed funding round, which was first reported by TechCrunch, should help the firm with further expanding its products and services. These reportedly include various banking products for… Read More

March 21, 2023 @ 8:47 am By Omar Faridi  |  

Mars Growth Capital, a joint venture between MUFG and Liquidity Group, announced their first Nordic deal, with a $5 million funding in Kognity, an edtech company headquartered in Sweden. Kognity offers a digital teaching and learning platform “used by more than 140,000 students in 1,300… Read More