Asia

October 24, 2024 @ 8:03 pm By Omar Faridi  |  

abrdn plc, a global investment company, announced earlier this month the expansion of its real estate investment business in Japan via its subsidiary, abrdn Japan Limited. This latest update comes as abrdn commences a new investment mandate to manage a residential portfolio in Japan. The… Read More

October 24, 2024 @ 3:46 pm By JD Alois  |  

 SEC Commissioner Mark Uyeda delivered a speech earlier today in Hong Kong where he lauded the availability of alternative assets as contributing significantly to our global economies. These alternative assets include private securities, both debt and equity, as well as crypto assets. Commissioner Uyeda explains:… Read More

October 23, 2024 @ 10:11 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, announced the introduction of its QR Code Payments solution. This allows Members of the Thunes’ Direct Global Network – including mobile wallets, neo-banks, and banks with mobile capabilities – to “connect… Read More

October 23, 2024 @ 9:42 pm By Michael Wong  |  

Hata.io, a Malaysia-based digital asset brokerage and exchange in the Asia Pacific region, has raised $4.2 million in a seed funding round aimed at fueling its expansion. The newly secured capital will be used to develop new products and accelerate user acquisition across the Asia… Read More

October 23, 2024 @ 9:34 pm By Michael Wong  |  

Malaysia’s National Fraud Portal (NFP) has significantly reduced the time required to trace stolen funds by 75%, bringing the process down to just 30 minutes, according to the country’s Deputy Finance Minister Lim Hui Ying. Since its launch in April 2024, the NFP has also… Read More

October 23, 2024 @ 8:59 pm By Omar Faridi  |  

SIX and China Construction Bank Corporation (CCB) signed an MOU to develop cooperation on securities services topics and to foster a continuing relationship between the parties. The signing session reportedly took place in Beijing, China, at SIBOS. SIX and CCB share three main purposes: the… Read More

October 23, 2024 @ 8:45 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial platform for global companies, announced its partnership with Aigens, a Hong Kong-based food and beverage (F&B) software-as-a-service (SaaS) provider. Via this collaboration, Aigens incorporates Adyen’s payment capabilities into its Aigens Pay offering, helping restaurants in Hong Kong and Singapore optimize their front- and… Read More

October 23, 2024 @ 5:05 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched its Sustainable Finance Action Agenda, outlining a comprehensive strategy to reinforce Hong Kong’s standing as a leading sustainable finance hub in the region. The initiative aims to support the sustainable development of Asia and beyond by setting… Read More

October 22, 2024 @ 11:14 am By Michael Wong  |  

Indonesia’s Financial Services Authority (OJK) has officially revoked the business license of peer-to-peer (P2P) lending platform PT Investree Radhika Jaya (Investree), citing the company’s failure to comply with minimum equity requirements and other regulatory standards. The decision marks a significant crackdown by OJK on financial… Read More

October 22, 2024 @ 1:37 am By Omar Faridi  |  

Matrixport, a crypto financial services hub, announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), which is a licensed Swiss digital asset manager that had earlier been part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Now doing business… Read More

October 21, 2024 @ 11:21 pm By Omar Faridi  |  

CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) for cooperation in securities depository and settlement to foster the growth of cross-border investment. Based on the MOU, the two parties will now aim… Read More

October 21, 2024 @ 12:26 pm By Omar Faridi  |  

Growth in China has stalled for now and debt continues to grow, the team at Freetrade noted in a blog post. And recent direct intervention has considerably boosted volatility in Chinese stock markets, the Freetrade team noted while adding that potential investors should now be… Read More

October 20, 2024 @ 9:47 pm By Michael Wong  |  

Mitsubishi Corporation, backed by Warrent Buffett, is set to acquire approximately 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of the Philippines’ major finance super app GCash, according to regulatory filings. In a disclosure to The Philippine Stock Exchange, conglomerate Ayala Corporation announced… Read More

October 20, 2024 @ 7:45 pm By Omar Faridi  |  

UK-headquartered Fintech Wise (LSE:WISE) has reportedly gained direct access to Japan’s payment clearing network. As first reported by Reuters, Wise is said to have become the first foreign company to receive approval for direct access to Japan’s bank payment clearing network (know as Zengin). Wise has… Read More

October 20, 2024 @ 6:54 pm By Michael Wong  |  

Singapore’s Temasek Holdings and Saudi Arabia’s Public Investment Fund (PIF) are expected to maintain their credit strength advantage among rated sovereign wealth funds, Moody’s Investors Service said. Moody’s highlighted that both funds display stronger intrinsic credit quality, supported by superior credit metrics, excellent liquidity, and… Read More

October 20, 2024 @ 2:42 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, is pleased to announce a partnership with Bank Rakyat Indonesia (BRI) in order to offer Indonesian customers with real-time international money transfer capabilities. This collaboration aims to streamline the various cross-border offerings for BRI’s individual and corporate… Read More

October 19, 2024 @ 4:19 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), in collaboration with the banking sector, announced several measures to support small and medium-sized enterprises (SMEs) in their development, upgrade, and transformation. Aimed at enhancing competitiveness and productivity, these initiatives come as SMEs navigate changing market conditions. Since launching… Read More

October 18, 2024 @ 5:54 pm By Omar Faridi  |  

HKMA has recently introduced several different strategic measures to support SMEs’ development, upgrade and transformation. The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced measures in order to further support, via financing as well as banking products and services, the “continuous development”… Read More

October 17, 2024 @ 10:13 am By Omar Faridi  |  

One of India’s largest and most prominent crypto exchanges, WazirX, had experienced a damaging security breach back in July of this year. If you go and review some of WazirX’s online / social media activity even now, they don’t seem to have resolved this issue… Read More

October 16, 2024 @ 7:45 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has joined the growing number of regulatory/innovation entities by launching a Fintech Sandbox to support the development of digital assets. Just about everyone acknowledges that at some point, all securities will be digital—potentially enhanced with codable or “smart”… Read More