Asia

April 26, 2024 @ 5:11 pm By Omar Faridi  |  

In the aftermath of recent severe weather conditions the UAE witnessed, global payments solution provider Checkout.com has conducted a comprehensive analysis revealing significant shifts in transaction volumes across various sectors. The data sheds light on the profound impact of adverse weather “on consumer online shopping… Read More

April 25, 2024 @ 11:31 pm By Michael Wong  |  

BillEase, a buy now, pay later (BNPL) app and consumer finance platform in the Philippines, announced a $5 million investment from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison International Pte. Ltd. This funding is part of an expansion that doubles… Read More

April 25, 2024 @ 11:11 pm By Omar Faridi  |  

Maybank announced the launch of Maybank Goal-Based Investment, a beginner-friendly digital retail investment tool that allows customers to kickstart their financial wealth journey easily and conveniently. Available on MAE App and Maybank2u Web, the latest investment feature empowers customers to “achieve their financial goals through… Read More

April 25, 2024 @ 10:28 pm By Michael Wong  |  

The Philippine digital banking sector has attracted more than $700 million in investments from both global and local sources since 2021, demonstrating robust investor confidence and a rapidly growing market, according to a statement released by the Digital Bank Association of the Philippines (DiBA PH)…. Read More

April 25, 2024 @ 10:11 pm By Omar Faridi  |  

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today marked the one-year anniversary of its Singapore office by highlighting how its 24/7 implementation support “helps Asia-Pacific (APAC) brands expand into new markets, meet complex regulatory requirements and quickly onboard… Read More

April 25, 2024 @ 9:33 pm By Omar Faridi  |  

API infrastructure Fintech Setu has announced the appointment of Anand Raisinghani as its new CEO. Anand is said to vast experience in “building high-performance teams and joins at a time when consent-based structured data sharing via the Account Aggregation model is gaining prominence.” Prior to… Read More

April 25, 2024 @ 6:23 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global enabler of blockchain security auditing, have signed a Memorandum of Understanding (MoU) to set new benchmarks for blockchain security and compliance. This partnership reflects a synergy “between a… Read More

April 25, 2024 @ 8:59 am By Michael Wong  |  

Thailand-based payment solution company T2P Co Ltd announced a strategic partnership with Wise Platform, an infrastructure provider for banks, Fintechs, and enterprises. Announced Thursday, this alliance positions T2P as the first in Thailand to offer international money transfers without exchange rate markups or hidden fees… Read More

April 24, 2024 @ 11:40 pm By Omar Faridi  |  

Funding Societies, the unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced a partnership with Singapore E-Business (SGeBIZ) – a digital procurement, payment and sourcing platform provider – to bring B2B (business-to-business) embedded finance (EmFi) solutions to businesses in Singapore, that… Read More

April 24, 2024 @ 10:22 pm By Omar Faridi  |  

iLex, the loan distribution platform, announced today the appointment of Sean Tai as Head of Business Development. Sean will lead the development, commercialization and “adoption of the iLex loan distribution platform globally and reinforce the iLex executive team in delivering its ambitious roadmap.” Based in… Read More

April 24, 2024 @ 4:38 pm By Omar Faridi  |  

US regulatory authorities are requesting that Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for allegedly defrauding investors. This update has been announced after the two parties had been found liable for a massive fraudulent scheme. As stated in court papers dated… Read More

April 23, 2024 @ 9:18 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in the Philippines has announced that it wants Google and Apple app stores to remove the Binance app. The Securities and Exchange Commission (SEC) in the Southeast Asian country is reportedly working with tech giants Google and Apple for… Read More

April 23, 2024 @ 11:25 am By Omar Faridi  |  

In conjunction with Earth Day, PolicyStreet, a regional insurtech company, collaborates with ERTH, a social enterprise dedicated to the collection and recycling of e-waste, to insure the ERTH Heroes while on the job. The ERTH Heroes, who are gig workers, will “receive complimentary on-the-job personal… Read More

April 23, 2024 @ 8:24 am By Omar Faridi  |  

CoinMENA B.S.C., a crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset Regulatory Authority (VARA), proudly announces a partnership with Zodia Markets, a UK headquartered digital asset trading business, backed by Standard Chartered…. Read More

April 22, 2024 @ 9:15 pm By Michael Wong  |  

Ant International, a Fintech and digital payment company headquartered in Singapore, has unveiled plans to establish a new Digital Business Centre in Malaysia, aimed at tapping into the region’s burgeoning tech talent to bolster its global operations. Scheduled to open in 2025, the center will… Read More

April 22, 2024 @ 8:17 pm By Michael Wong  |  

Aeon Bank (M) Bhd, a recipient of one of Malaysia’s five digital banking licenses, announced plans to commence operations and launch its banking application by the end of Q2 2024, news agency Bernama has reported. Raja Teh Maimunah Raja Abdul Aziz, CEO of Aeon Bank,… Read More

April 22, 2024 @ 8:44 am By Omar Faridi  |  

MUFG Bank, Ltd., which claims to be one of the largest banks in Japan, and Crédit Agricole Corporate & Investment Bank, one of the investment banking groups in Europe, reportedly completed the first payment in the ISO 20022 message format on The Clearing House’s CHIPS… Read More

April 21, 2024 @ 8:24 am By Tony Zerucha  |  

This week WorldFirst, a digital payment and financial services platform for global businesses, launched WorldTrade, a payment solution for global sourcing to bolster the security and speed of cross-border payment for international SMEs that procure goods from suppliers based in China. WorldTrade employs smart contract-fulfillment… Read More

April 20, 2024 @ 6:33 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) has opened registration for its fourth edition of the Investment Immersion Program (IIP) as from Wednesday, April 17, 2024 for six weeks. The program is an apprenticeship that aims “to employ and develop local investment professionals.” The program, which comprises… Read More

April 20, 2024 @ 4:23 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce it has reached an agreement with Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) in order “to expand the scope of eligible exchange-traded funds (ETFs) under Stock Connect.” The eligibility criteria for ETFs… Read More