Asia

May 5, 2024 @ 6:33 pm By Omar Faridi  |  

Navigating regulatory requirements is crucial for businesses aiming to expand their reach across borders, according to an update from Razorpay. Razorpay claims that it has “taken a significant stride toward global compliance for export payments with the recent integration of Video KYC (Know Your Customer)… Read More

May 4, 2024 @ 12:55 pm By Omar Faridi  |  

Klumi Ventures announces its achievement as the United Arab Emirates’ Web3 venture capital firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This event heralds a new era of innovation and investment opportunities in the region’s digital asset ecosystem,… Read More

May 4, 2024 @ 10:12 am By Omar Faridi  |  

The Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced today the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative initiatives “aimed at fostering… Read More

May 3, 2024 @ 6:33 pm By Tony Zerucha  |  

The 2023 LexisNexis True Cost of Fraud Study – Asia Pacific finds that fraud costs APAC-based businesses nearly quadruple the face value lost in fraudulent transactions. In Australia, 66% of companies reported an increase in fraud in the 12 months prior to the survey, while… Read More

May 2, 2024 @ 9:55 pm By Omar Faridi  |  

MAS-regulated custodian Propine has announced its support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar and designed to bridge the $5 trillion trade finance gap. This development positions FXD at the forefront of real-world assets (RWA), leveraging the power of blockchain to… Read More

May 2, 2024 @ 7:48 pm By Omar Faridi  |  

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced the launch of a unique multi-strategy private market offering with Resona Bank, a commercial bank in Japan that provides a wide range of services including trust business. The… Read More

May 1, 2024 @ 10:23 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome today (Tuesday) the listing of Asia’s first Spot Virtual Asset (VA) ETFs, adding to the diversity of products in Hong Kong’s markets and further “supporting the city’s position as the region’s leading ETF marketplace… Read More

May 1, 2024 @ 9:49 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial platform of choice for various companies, announced its partnership with Decathlon Hong Kong, one of the world’s “largest” sports goods companies. Adyen is the end-to-end payment solution provider “for Decathlon Hong Kong’s online store, in-app purchases, and all its eight… Read More

April 30, 2024 @ 7:38 pm By Omar Faridi  |  

Gig workers in Malaysia constitute over a quarter of the country’s workforce, with nearly two million of them being women, accounting for 46% of all gig workers. Acknowledging the gig workers’ contributions this Labor Day, PolicyStreet is partnering with Kiddocare, a Khazanah-backed on-demand care services… Read More

April 30, 2024 @ 7:35 pm By Omar Faridi  |  

Pakistan’s Finance Minister Muhammad Aurangzeb recently stated that the nation’s government is looking into integrating digital currency transactions within the Asian country’s financial ecosystem. While addressing attendees at the World Economic Forum (WEF) special meeting held in in Riyadh, Minister Aurangzeb commented on Pakistan‘s efforts… Read More

April 30, 2024 @ 8:46 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, has entered into a strategic partnership with HashKey DX, the Tokyo-based specialized consulting company of the HashKey Group, to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market. HashKey Group has achieved significant success “with… Read More

April 28, 2024 @ 9:20 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) announced the launch of its new Open Banking Marketplace, which is described as being a one-stop platform that enables both existing and prospective clients to discover, identify, and test application programming interfaces (APIs) that best meets their business objectives in a… Read More

April 28, 2024 @ 9:19 pm By Omar Faridi  |  

-AsiaVerify has become the latest addition to Detected’s growing risk, fraud and compliance ecosystem. Detected’s ecosystem sits at the center of its platform, “gathering data as businesses complete onboarding.” The information collected builds a company profile, “the single source of truth, which is hosted within… Read More

April 28, 2024 @ 5:07 pm By Michael Wong  |  

The Qatar Central Bank (QCB) has taken a significant stride in promoting financial innovation by approving the first cohort of ‘Buy Now Pay Later‘ (BNPL) companies for its regulatory sandbox, a pivotal part of the Third Financial Sector Strategy and the Fintech Strategy. This move… Read More

April 28, 2024 @ 10:01 am By Michael Wong  |  

Abu Dhabi wealth fund ADQ announced the launch of the Jasoor Fund, a new technology-focused investment fund, with a capital base of $180 million The fund aims to drive digital transformation and economic growth across the region. This initiative marks a crucial milestone in the… Read More

April 27, 2024 @ 4:57 pm By Michael Wong  |  

Salmon Group Ltd, a Fintech group in Southeast Asia, has announced a strategic partnership with ECPay, a provider of electronic payment systems in the Philippines. This collaboration aims to broaden financial accessibility for over 500 million underserved individuals in the region, particularly those without traditional… Read More

April 27, 2024 @ 4:49 pm By Omar Faridi  |  

The HKMA has recently announced the launch of its Inaugural FiNETech in order to promote Fintech adoption and other key innovations. The Hong Kong Monetary Authority (HKMA) launched (26 April) the FiNETech series, gathering around 100 banks, securities and insurance companies as well as technology… Read More

April 26, 2024 @ 5:20 pm By Michael Wong  |  

The Reserve Bank of India (RBI) released a comprehensive set of Frequently Asked Questions (FAQs) to elucidate its guidelines on Default Loss Guarantee (DLG) in the burgeoning field of digital lending. This release aims to provide detailed clarifications on the operational aspects of DLG, a… Read More

April 26, 2024 @ 5:18 pm By Michael Wong  |  

Thailand and Australia have entered into a new phase of financial collaboration with the signing of a memorandum of understanding (MoU) on financial technology (fintech) cooperation. The agreement, aimed at bolstering the local fintech industries of both nations, was formalized this week between the Thai… Read More

April 26, 2024 @ 5:17 pm By Michael Wong  |  

Users of 14 popular e-wallets from nine countries and regions can now make transactions in Hong Kong using their home applications, facilitated by Alipay+, Ant International announced on Friday. This integration marks the largest single-time introduction of international payment apps into Hong Kong’s offline commercial… Read More