Asia

September 26, 2022 @ 11:18 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has posted details of its “Pilot Scheme on Training Subsidy for Fintech Practitioners.” Hong Kong has long been a top global financial center so the pursuit of FIntech innovation makes a lot of sense. Recently, one measure indicated that… Read More

September 26, 2022 @ 9:27 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, announced that I-Remit, the largest non-bank remittance service provider in the Philippines, will “expand its use of Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows.” As a partner of Ripple since 2018, I-Remit… Read More

September 25, 2022 @ 10:56 pm By Omar Faridi  |  

Amid the funding winter, 128 Indian startups have managed to “raise $995.1 million in August 2022, which is a 9.7% growth compared to the previous month,” reveals GlobalData, a data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although the total VC funding… Read More

September 23, 2022 @ 11:42 am By Omar Faridi  |  

Over 300 million people around the world have crypto assets in their investment portfolio, “a number that is set to double by 2025,” according to an update shared with CI. Helping them stay on top of their regulatory responsibilities, crypto tax reporting app Binocs is… Read More

September 22, 2022 @ 10:24 pm By Omar Faridi  |  

Newgen Software, a global provider of digital transformation products, has introduced what it claims to be the first low code trade finance platform at the recent customer meet in Mumbai, India. Trade finance is a fairly complex process as it involves a lot of paperwork,… Read More

September 22, 2022 @ 12:15 am By Omar Faridi  |  

Binance, the global blockchain services provider, has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), following the issuance of its provisional license in March 2022. The MVP license “means that Binance can offer an approved range of virtual asset-related… Read More

September 21, 2022 @ 7:59 am By Omar Faridi  |  

The population’s need for affordable non-bank loans due to a low credit rating or its absence, difficulties with the registration process, etc. could be “the main driver of the American P2P market,” according to an update from Robo.cash. The national specifics are also very clearly… Read More

September 21, 2022 @ 12:18 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) announces the licensing of two payment financial technology companies, including: Arab Sea Financial Company and Fatoraah in order to provide Payment services for e-commerce. This brings the total number of payment companies licensed by SAMA “to 21 companies, in addition… Read More

September 20, 2022 @ 11:57 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a Fintech Co-operation Agreement (CA) in order “to facilitate regulatory collaboration and partnership in FinTech.” The CA will promote the following: Regulatory Sandbox Collaboration – MAS and IFSCA will “leverage… Read More

September 20, 2022 @ 10:37 pm By Omar Faridi  |  

UOB Malaysia is teaming up with Syarikat Jaminan Pembiayaan Perniagaan Malaysia (SJPP) in order to introduce the U-Green Financing program, which will aim to support SMEs in prioritizing sustainability. The banking institution has reportedly allocated RM 1 billion for this initiative, and SJPP will be… Read More

September 20, 2022 @ 9:52 pm By Omar Faridi  |  

The Taiwanese card payments market will “grow by 6.2% in 2022 to reach TWD3.5 trillion ($127.5 billion), as the country’s economy gradually recovers from the COVID-19 pandemic,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card payments… Read More

September 19, 2022 @ 11:42 pm By Omar Faridi  |  

As the first of several other planned announcements to come from the region, OpenNode intends to test a bitcoin payment processing and payouts solution via the Central Bank of Bahrain (CBB’s) Regulatory Sandbox. Bitcoin payments had “been non-existent in the island nation until now, which… Read More

September 19, 2022 @ 10:21 pm By JD Alois  |  

Machine learning (ML) startup TrueFoundry has raised USD$ 2.3 million in Seed funding led by Sequoia India, and SE Asia’s Surge with the participation of AngelList co-founder Naval Ravikant and Eniac Ventures. Other angel investors include Deutsche Bank Global CIO Dilip Khandelwal, Head of GitHub… Read More

September 18, 2022 @ 10:33 pm By Omar Faridi  |  

Southeast Asia’s Fintech platform Fazz, a business account for companies of all sizes to pay, save and obtain credit, recently secured $100 million via Series C funding. The $75 million in equity reportedly includes investments from existing investors: Tiger Global, DST Investment, B Capital, Insignia… Read More

September 18, 2022 @ 8:41 pm By Omar Faridi  |  

ENOC Group has accelerated its digitization strategy through a collaboration with Emirates NBD, a banking group in the MENA region (and Turkey), in order “to implement innovative payment solutions.” ENOC Group has “successfully implemented Emirates NBD’s Host to Host (H2H) services for payments and account… Read More

September 18, 2022 @ 4:17 pm By Omar Faridi  |  

Robinsons Bank (RBank), owned by JG Summit Holdings, Inc., one of the Philippines’ largest and most diversified conglomerates, announced that it has chosen BPC as its solution partner to co-innovate, “to drive financial inclusion and digital adoption across the nation.” Using BPC’s SmartVista Platform, RBank… Read More

September 17, 2022 @ 3:04 pm By Omar Faridi  |  

Deeptech & Banking company Tintra PLC has been awarded a Fintech Services License to operate in the Qatar Financial Centre (QFC), which is described as “a watershed moment as the company expands its build-out worldwide.” Tintra is using artificial intelligence and Web3 technologies “to build… Read More

September 16, 2022 @ 5:17 pm By Omar Faridi  |  

Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025. The ITM 2025 lays out the growth strategies “to further develop Singapore as a leading international financial centre in… Read More

September 15, 2022 @ 10:42 pm By Omar Faridi  |  

Profile Software, which claims to be a leading financial solutions provider, has announced that the Central Bank of Egypt (CBE) has selected Acumen.plus, the internationally implemented Treasury Management System, “to effectively manage and streamline their operations whilst experiencing compliance and powerful reporting for reserve and… Read More

September 15, 2022 @ 9:35 pm By Omar Faridi  |  

Wio Bank PJSC announced its official launch in the UAE, “becoming the first platform bank in the region, aiming to transform banking operating models towards a more digital future.” This is in line with the UAE’s Digital Economy Strategy that aims “to double the contribution… Read More