Search Results for: Cambodia

Southeast Asia’s Super App Provider Grab Releases Business Update Including Progress of Financial Services Unit

Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the second quarter ended June 30, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability… Read More

BNY and BlackRock Partner with AIA to Enhance Its Investment Platform

BNY (NYSE:BK), the global financial services company, announced a new agreement with AIA and BlackRock as AIA transforms its investment platform, to support the company’s long-term investment program. Through this agreement, AIA will “implement BlackRock’s Aladdin, a technology platform that unifies the investment management process,… Read More

Kenny Chan from StraitsX Explains How Stablecoins Could Impact Global Financial Ecosystem

  Kenny Chan, GM at StraitsX, recently shared key insights with Crowdfund Insider. StraitsX is a payments infrastructure for the digital assets space in Southeast Asia. The company is also a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of… Read More

Global Fintech Ant International and Partners Introduce “Embrace the Power of Small” Campaign

On 2024 International MSME Day, Ant International, a digital payment and financial services provider, shares that it supports almost 100 million Micro, Small, and Medium-sized Enterprises (MSMEs) worldwide across its businesses and partner programs; and reinforces its commitments towards MSME digitalization and inclusion through the… Read More

Cybercrime Report Reveals Considerable Increase in Human-initiated Digital Attack Rate

LexisNexis Risk Solutions released the results of its annual Cybercrime Report, an analysis of data from 92 billion transactions processed through its LexisNexis Digital Identity Network throughout 2023. The report, Confidence Amid Chaos, reveals “a 19% year-over-year (YOY) increase in the global human-initiated digital attack rate… Read More

Southeast Asia’s Super App Grab Announces Key Board Appointments

Grab Holdings Limited (NASDAQ: GRAB) announced updates to its Board of Directors. With immediate effect from April 1, 2024, Daniel Yun (Chief Executive Officer of KakaoBank) and David Loh (Executive Director and Joint Chairman of Centurion Corporation) will be appointed to Grab’s Board of Directors,… Read More

South Korea’s JB Financial Group Acquires Stake in Vietnamese Investing App Infina

JB Financial Group announced plans to acquire a minority stake in Vietnamese retail investing application Infina, marking a strategic move to bolster the customer base of its securities affiliate in the fast-growing Southeast Asian market. Under the terms of the strategic partnership, JB Financial will… Read More

Hong Kong: HKIMR Joins the ASEAN+3 Finance Think-Tank Network

The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF) has officially joined the ASEAN+3 Finance Think-Tank Network (AFTN) as a founding member institution. The ASEAN+3 Finance Think-Tank Network is a coalition established to… Read More

Singapore’s Largest Money Laundering Case Sees Assets Worth $1.76bn Seized, includes Crypto

In what is being touted as Singapore‘s most significant money laundering operation, authorities reported a staggering increase in the total value of assets confiscated, now amounting to S$2.4 billion ($1.76 billion), according to a police announcement. The huge inventory of seized assets now encompasses over… Read More

IFC Commits Record $11bn to 108 Projects in Asia Pacific

World Bank Group member International Finance Corporation (IFC) has committed a record $11 billion to 108 projects in Asia and the Pacific this year to alleviate poverty and increase prosperity amid challenges such as climate change, gender inequality, food and energy insecurity, and higher inflation…. Read More

Malaysia: Maybank Introduces Values-based myimpact Credit Card

Maybank introduced the myimpact credit card, in efforts “to empower its customers towards making better sustainable life choices which will impact the next generation.” The credit card, which is “made from bio-sourced polylactic acid, features a ground-breaking initiative deemed first-of-its-kind in the country, provides mechanisms… Read More

UnionPay International, Malaysian Payment Network PayNet to Support Cross-Border QR Interoperability

UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia’s national payments network jointly signed an agreement in Shanghai in order to support “the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions)… Read More

Singapore-based Fintech Pilon Secures Funding from Kaya Founders, Set to Enhance Supply Chain Financing Platform

Pilon, a Singapore-headquartered FinTech firm that offers cloud-based Supply Chain Financing system, announced that it has successfully secured a top-up round from Philippines-based Kaya Founders “to accelerate growth plans and strengthen its presence in the Philippines market.” This undisclosed round of funding “follows a highly… Read More

Sathapana Bank Signs Agreement with Singapore’s Fintech finbots.ai to Enhance Credit Risk Management

Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech announced signing Sathapana Bank—Cambodia’s commercial bank—as their latest client. With this, finbots.ai’s client case “has extended to 9 countries across APAC and MEA markets.” Sathapana Bank claims it is “one of the leading commercial banks in Cambodia… Read More

Malaysia: Financial Literacy Program by Maybank to Benefit Students in ASEAN Region

As part of its efforts to enhance financial literacy among the younger generation in ASEAN, Maybank’s Cashville Kidz financial literacy program has reached out to 37,020 students and 945 educators in over 113 schools in 2022. In a year that was recovering from the pandemic,… Read More

Shanghai Commercial and Savings Bank Adopts Temenos Platform

Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM in order “to replace its legacy core systems with Temenos open platform for composable banking.” Part of the IBM Ecosystem, Temenos and IBM have successfully “teamed for… Read More

Louis Taylor will Become British Business Bank CEO in October

Louis Taylor will take over the reins of the British Business Bank as its new CEO beginning on October 1, 2022. The Bank is the UK’s economic development bank. Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency. Before joining… Read More

Vattanac Bank, EMQ Unite to Deliver RT Cross-Border Payments to Asia

Cambodia’s Vattanac Bank this week announced a partnership with global payments network EMQ, to facilitate real-time cross-border payments across Asia. By integrating with EMQ’s API-enabled payments platform, Vattanac Bank said it can further expand to new geographies and provide their customers with multi-currency payout to… Read More

UAE Now Under Increased Monitoring, FATF Confirms in March 2022 Update

Jurisdictions under increased monitoring are “actively working” with the Financial Action Task Force (FATF) to address “strategic deficiencies” in their regimes in order to counter money laundering, terrorist financing, and proliferation financing. When the FATF places a jurisdiction under increased monitoring, it “means the country… Read More

OurCrowd Financed COVID Treatment is 99% Effective Against the Disease

SaNOtize, an OurCrowd portfolio company, has shown to be 99% effective against COVID-19 in a phase three trial, according to a note distributed by OurCrowd. Simultaneously, the treatment has received regulatory approval in India. OurCrowd has participated in the funding of the firm providing access… Read More

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