Asia

Asian Fintech Transactions Hit $16.8tr in 2024: Report

According to recent research by UnaFinancial, the total volume of Asian Fintech transactions reached $16.8 trillion in 2024, marking an increase of $2.1 trillion from the previous year. The report noted that Asia accounted for 48.2% of the global fintech volume, which totaled $34.8 trillion… Read More

Digital Asset Firm Hex Trust Recieves Funding from Morgan Creek in Advance of Series C Round

Digital asset firm Hex Trust has received “strategic” funding from Morgan Creek Digital in advance of a forthcoming Series C funding round. Other investors were said to also have participated in the funding. Hex did not disclose the details of the investment but shared that… Read More

Singapore Banks Struggle with Client Exodus Amid Record High KYC Failures – Report

Singapore’s banking industry is facing an “unprecedented” challenge as the number of clients abandoning banks due to “slow and inefficient onboarding practices” has surged to record levels, according to research from Fenergo, a global firm focused on client lifecycle management (CLM), Know your Customer (KYC)… Read More

Switzerland’s SIX Stock Exchange Enhances Asian Market Data Access with ThaiQuest Partnership

Thai financial market solutions firm ThaiQuest has agreed a multi-year partnership with SIX, the financial data and market infrastructure provider, to access market data from SIX and enhance its financial information business. As explained in the announcement, ThaiQuest will gain access to the SIX financial… Read More

Eastnets Introduces KSA Swift Service Bureau Supporting Saudi Arabia’s Vision 2030 Financial Transformation

Eastnets, a global firm enabling and supporting compliance, payments, and cloud solutions, has launched a SWIFT Service Bureau in the Kingdom of Saudi Arabia (KSA). Designed to empower institutions with compliant solutions, the Eastnets KSA Service Bureau delivers seamless SWIFT connectivity, cloud-enabled operations, and “adherence… Read More

Japan’s Financial Market Data Provider JPXI Partners with AI Cloud Data Firm Snowflake

JPX Market Innovation & Research, (JPXI), a provider of Japan’s financial market data, and Snowflake, the AI Data Cloud company, announced a partnership in order to disseminate data over Snowflake’s platform. Data provision via Snowflake will enable market participants to get access to JPXI’s data… Read More

Crowdfunding Generates $34m Fresh Funds for Small Businesses in Philippines

Crowdfunding is emerging as a viable capital-raising tool for micro, small and medium enterprises (MSMEs) in the Philippines, generating over P2 billion (about $34 million) in fresh funds for small businesses, industry sources said. The growth comes as 361 companies have tapped licensed crowdfunding intermediaries… Read More

UAE’s ADGM Launches Mobile App to Improve How Businesses Engage within Financial District

ADGM, the UAE capital’s international financial centre, has officially launched its all-in-one mobile App, which is set to redefine how businesses, employees, and residents engage within the financial district. Designed to streamline connectivity, the app reportedly provides seamless access to various tools and services, “enhancing… Read More

InfiniVAN, Maybank Philippines Partner to Enhance Digital Banking Infrastructure

InfiniVAN Inc., a telecommunications arm of IPS, Inc., has joined forces with Maybank Philippines Inc. in a bid to upgrade the bank’s financial services and enhance its security framework through advanced internet solutions. The collaboration follows the successful completion of the Philippine Domestic Submarine Cable… Read More

Arab Financial Services Announces Expansion into UAE

Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler across the MENA region, has announced its expansion into the United Arab Emirates. This  follows the acquisition of a Retail Payment Services License – Category II from the Central Bank of… Read More

Visa and DealMe to Streamline Cross-Border Intallment Payments

Vietnamese Visa credit cardholders will soon be able to enjoy real-time installment offers at popular merchants in South Korea, thanks to a new partnership between Visa (NYSE: V) and DealMe. This innovative payment solution is expected to enhance the overall shopping experience for Vietnamese travelers… Read More

Canadian Fintech Nuvei Expands APAC Operations to Japan

Nuvei Corporation, the Canadian fintech company, announces an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry. The license enables Nuvei to progress with launching direct acquiring capabilities… Read More

Digital Banking Provider Planto and SCB to Enhance Financial Services for Hong Kong’s SMEs

Shanghai Commercial Bank (SCB) and Planto, a digital banking solution provider headquartered in Hong Kong, have joined forces in order to leverage fintech to enhance banking experiences for SMEs operating in Hong Kong. Through this collab, SCB and Planto have developed a suite of e-banking… Read More

KPMG in India and The Hashgraph Group AG to Enable Enterprise Blockchain Adoption

KPMG in India and The Hashgraph Group (THG), a Swiss-based international business, venture capital, and tech company operating within the Hedera ecosystem, announced an alliance. The alliance is expected to see KPMG in India and The Hashgraph Group AG (THG) collaborating to “enable and advance blockchain… Read More

Bengaluru’s Slice Bank Is Reportedly Set to Raise $300M in Funding

Slice Bank, a Bengaluru-based small finance bank, is reportedly set to raise $250-300 million from financial investors and family offices, following its merger with North East Small Finance Bank, which received RBI approval in October of 2024. As it commences banking services rollout to select… Read More

Paytm CEO Anticipates Digital Banking Operations to Make Recovery After RBI’s Suspension

Paytm, a digital payments company in India, is gearing up for a potential revival of its banking arm, Paytm Payments Bank. The unit faced a significant setback last year when the Reserve Bank of India (RBI) effectively suspended its operations due to regulatory concerns. Now,… Read More

Fintech Broadridge Financial Reportedly Plans to Increase India Headcount by 26% in 3 Years

U.S.-based fintech firm Broadridge Financial (NYSE: BR) is bolstering its presence in India by expanding its tech staff by 26% to 6,800 people over the next three years. This strategic move is aimed at tapping into the vast Indian market, where the company plans to… Read More

Emergence of China’s DeepSeek AI Firm, and R1 Platform, Craters Everyone Else. Worries Rise About Chinese Government Influence

DeepSeek is cratering markets this morning as the alternative to ChatGPT, Grok, Gemini, etc.; it is said to provide better results, use fewer resources, and is (for the moment) open source and free for light usage and prices modest for more resource intense requests. Nvidia… Read More

MYEG, MyDigital ID Solutions to Build Blockchain-Powered National Digital Identity Superapp in Malaysia

Malaysia-listed digital services firm MY E.G. Services Berhad (MYEG) announced a strategic collaboration with MyDigital ID Solutions Sdn Bhd (MYIDSSB) to develop a blockchain-powered national digital identity platform, the MyDigital ID Superapp, aimed at combating online fraud and enhancing digital integration. The partnership, formalized through… Read More

Crypto Exchange WazirX Receives Approval from Singapore Court, to Repay Customers Impacted By $235M Hack in 2024

In a major development for Indian cryptocurrency exchange WazirX, the Singapore High Court has officially endorsed the platform’s restructuring plan, offering a path toward repaying user funds lost in a substantial cyberattack. This hack, which occurred in July 2024, resulted in a $235 million loss… Read More

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