Asia

January 26, 2022 @ 12:26 am By Tony Zerucha  |  

Pencilton, a teen-focused Fintech startup based in India, recently launched PencilCard, a debit card that is compliant with National Common Mobility Card standards. It has been launched in partnership with Transcorp. The National Common Mobility Card was developed by India’s Ministry of Housing and Urban… Read More

January 25, 2022 @ 10:57 pm By Omar Faridi  |  

Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of one of the world’s largest Islamic banks in terms of assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), has chosen Thought Machine, the Cloud native core banking tech company, in order to power… Read More

January 24, 2022 @ 10:47 pm By Omar Faridi  |  

M2P Fintech, which claims to be one of Asia’s leading financial Infrastructure firms, has announced a $56 million Series C1 raise that was led by New York-headquartered global private equity and VC firm Insight Partners M2P Fintech further revealed that their investment round included contributions… Read More

January 24, 2022 @ 10:07 pm By Omar Faridi  |  

The Netizen Mobile Banking App by Netbank is reportedly scheduled to launch its Beta Release Testing Program during the fourth week of January 2022 which will provide participants an opportunity to experience the platform’s banking services and features. As mentioned in a release shared with… Read More

January 24, 2022 @ 9:42 pm By Omar Faridi  |  

Sequoia Capital has reportedly made its first investment in the Gulf / MENA region by leading an investment round for Lean Technologies, a Saudi Arabia-based Fintech company whose founders include the son of the kingdom’s former oil minister, Khalid Al-Falih. Lean Technologies, which allows firms… Read More

January 23, 2022 @ 10:31 pm By Omar Faridi  |  

Bahrain-headquartered cryptocurrency exchange Rain Financial has secured $110 million in capital via a Series B round. Rain Financial reports that its investment round has been co-led by Paradigm and Kleiner Perkins along with contributions from Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, and CMT… Read More

January 23, 2022 @ 10:03 pm By Omar Faridi  |  

CIMB Philippines recently revealed that it has teamed up with Zoloz, an e-KYC tech provider, in order to enhance its virtual banking services. The banking institution will reportedly use Zoloz’s digital KYC solution for supporting secure and seamless customer onboarding as well as an improved… Read More

January 23, 2022 @ 9:32 pm By Omar Faridi  |  

Wa’ed, the entrepreneurship division of Saudi Aramco, has been working with Fintech Saudi as a key partner, along with local seed and early-stage VC company Flat6Labs, in order to introduce a 12-week Fintech Accelerator program. The new Fintech Accelerator will focus on supporting the ongoing… Read More

January 23, 2022 @ 8:50 pm By Omar Faridi  |  

Indian Fintech firm Paytm reveals that it’s growing rapidly and so is the cloud infrastructure. The main reason for choosing cloud computing and processing is its ability to scale in and scale out according to changing requirements. As explained by Paytm in a blog post,… Read More

January 23, 2022 @ 1:07 pm By Omar Faridi  |  

The Metaverse, a relatively new concept and a term used to describe a shared, immersive digital ecosystem supported by the use of VR and augmented reality (AR) technologies, has quickly become one of the fastest-growing trends in the digital economy. It’s notably a nascent industry… Read More

January 22, 2022 @ 6:58 pm By Omar Faridi  |  

Hong Kong’s leading virtual bank ZA Bank has reportedly expanded its footprint into investment business as the first local digital-only bank to be “licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities).” As mentioned in an update shared… Read More

January 21, 2022 @ 9:18 pm By Tony Zerucha  |  

Financial Software and Systems (FSS), a global provider of integrated payments and payments processing, this week announced its collaboration with YAP, the United Arab Emirates’ (UAE) first independent digital banking platform, to deliver digital-first card experiences to consumers in the Middle East and Africa. YAP… Read More

January 21, 2022 @ 7:38 pm By Tony Zerucha  |  

Digital River, a global commerce service provider, this week announced an expansion of its cross-border services to new geographies in the APAC region. This solution offers a single integration to enable brands to ship from 249 markets worldwide using their existing supply chain, or Digital… Read More

January 21, 2022 @ 6:12 pm By Tony Zerucha  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have responded to a recent spike in SMS phishing scams by introducing stricter security measures, they announced this week. The MAS said it expects all financial institutions to have “robust measures”… Read More

January 20, 2022 @ 11:27 pm By Omar Faridi  |  

METACO, the provider of security-critical software and infrastructure to the digital asset ecosystem, has announced that Union Bank of the Philippines is implementing its digital asset management services. As noted in an update shared with CI, UnionBank is deploying services on IBM Cloud, in order to… Read More

January 20, 2022 @ 9:52 pm By Tony Zerucha  |  

A European logistics real estate fund managed by the Singapore-regulated Elite Partners Capital has completed a €520-million sale of its entire portfolio to a fund managed by the US private equity firm Blackstone Group. Launched in early 2020, Elite Logistics Fund I is a two-year,… Read More

January 18, 2022 @ 11:09 pm By Omar Faridi  |  

Netbank, the banking as a service platform, has introduced a service that allows international payment firms to support various transactions in the Philippines. As mentioned in an update shared with CI, the Philippines has a fast-growing international trade market. Global trade in goods has has… Read More

January 18, 2022 @ 10:55 pm By Omar Faridi  |  

The team at Razorpay asks whether you’re aware of what’s one of the things that’s quite common among all Indian startup founders and business owners. According to Razorpay, they tend to struggle when managing tax and compliance payments. And, if you’ve just started your business,… Read More

January 18, 2022 @ 10:43 pm By Tony Zerucha  |  

The Network for Greening the Financial System (NGFS) this week announced the appointment of the Monetary Authority of Singapore’s (MAS) managing director Ravi Menon as their new chair. He will serve for a two-year term. Formed at the Paris One Planet Summit in December 2017 by… Read More

January 18, 2022 @ 9:20 pm By Tony Zerucha  |  

Telenor Group, a provider of tele, data, and media communication services across Asia and the Baltics, this week announced it will be selling its 51 per cent stake in Digital Money Myanmar, a digital payment solutions provider that is also known by the name Wave… Read More