Tagged: apac

Renewable Energy Now Powers Nearly 40% of Proof of Work Cryptocurrency Mining: Report

  Full-time equivalent employee growth in the blockchain and digital asset sector has slowed down following the 2017 cryptocurrency bull market, according to the findings of the 3rd Global Cryptoasset Benchmark Study by the Cambridge Centre for Alternative Finance (released in September 2020 by the… Read More

BNP Paribas Securities Services to Use DAML Smart Contract Language to Develop Trade and Settlement Apps

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, has teamed up with Digital Asset (the company) to implement distributed ledger technology (DLT)-enabled trade and settlement applications. Through its partnership with Digital Asset (the… Read More

Wirex to Partner with Railsbank in APAC Region to Provide Cards as Issuers Shift from Wirecard

Wirex, a UK-based Fintech, has announced a partnership with Railsbank to provide Wirex cards in the APAC region. The move is emblematic of the rapid shift away from Wirecard (WDI:DE) a German Fintech now in bankruptcy proceedings. Wirex also facilitates cryptocurrency payments. Railsbank is a… Read More

China’s Alibaba Cloud to Work with Singapore’s Fintech Academy to Improve Healthcare Sector Services in Southeast Asia

Hangzhou’s Alibaba Cloud (Aliyun), a Chinese cloud computing company that operates as a subsidiary of the e-commerce giant, Alibaba Group (NYSE:BABA), has partnered with the Fintech Academy in Singapore and Pfizer, an American multinational pharmaceutical corporation. Through the partnership, the two companies and the Fintech Academy… Read More

Nasdaq Listed Fintech Fiserv to Offer Payments and Financial Services Tech Solutions to India’s Federal Bank

India-based Federal Bank (NSE: FEDERALBNK), an established private sector bank, has selected Fiserv, Inc. (NASDAQ: FISV), a multinational provider of payments and financial services tech solutions, to support the digitization of the bank’s end-to‑end card issuance and processing cycle. Fiserv will also assist with the… Read More

Tel Aviv’s Liquidity Capital and Japanese Financial Giant MUFG Establish $80 Million Initiative for Asian Digital Commerce Startups

An Israel-based AI technology firm is planning to help MUFG Bank, which is Japan’s largest financial institution, with assessing the operations of Asian startups in order to determine the feasibility of issuing loans to them. The $80 million 50-50 joint initiative between Tel Aviv based… Read More

Fintech Firm Thought Machine, a Core Banking Tech Provider, Secures $42 Million in Additional Capital as Part of $125 Million Series B

Thought Machine, a core banking technology firm, has acquired an additional $42 million in capital as part of its massive Series B round – which brings the total funds raised during the round to $125 million. Thought Machine had secured $83 million via the Series… Read More

Singapore based Digital Asset Firm Matrixport to Launch Bit.com, a Crypto Derivatives Exchange

Singapore-based Matrixport, a company that aims to serve as a gateway to the digital economy where users can trade, custody, invest, and borrow digital assets through a single, unified platform, has launched Bit.com, a cryptocurrency derivatives exchange. Founded in February 2019, Matrixport describes itself as… Read More

Banking Platform Mambu Selected by Australian Bank Tyro

Banking platform provider Mambu has announced that Australian business bank Tyro has selected Mambu’s cloud-native banking platform to deliver its first term deposit product. Mambu reports that this is the first Australian deposit-taking institution (ADI) to incorporate its platform. According to a release, Mambu’s platform… Read More

Malaysia’s GHL Group Berhad, a Payment Service Provider, Approved to Launch Lending Business in the Philippines

The GHL Group Berhad, a payment service provider and one of the top merchant acquirers in the ASEAN region, recently revealed that its Philippines division has been approved by the Philippines Securities and Exchange Commission (SEC) to conduct its lending business through its new unit,… Read More

Digital Bank Tonik, which Plans to Launch in the Philippines, chooses Mastercard as Payments Partner

Tonik, the very first all-digital banking platform in the Philippines, has reportedly chosen Mastercard as its payments partner as the company gets ready to officially launch its operations later this year. Through the partnership, Mastercard will be supporting Tonik by acting as its Fintech accelerator…. Read More

Norwegian and Scottish Fintech EedenBull and Mastercard to Streamline B2B Payments in Asia Pacific (APAC)

Mastercard and EedenBull will be supporting the launch of a digital banking platform in the APAC region. The new digital bank will be serving businesses in Asia by helping them process payments in a more efficient manner. EedenBull is a Norwegian Fintech firm that has… Read More

Investors’ Continued Interest in Digital Banks “Offers Optimism” as APAC Region to Open Banking Sector to Technology Firms: Report

Asia’s Fintech industry has been negatively affected due to socio-economic challenges resulting from the COVID-19 outbreak. There’s reportedly been a significant decline in the number of financial technology deals closed. The amount of venture capital acquired by Fintechs in the Asia-Pacific (APAC) region dropped 58.5%… Read More

Mobile Payments Provider Wirex to Support Bitcoin, Ether, Stablecoin Dai, NZD, AUD, and SGD Transactions

Martin Best, CMO at Wirex, confirmed in a blog post on June 4, 2020, that the London-based financial services firm will allow users to purchase, hold and exchange New Zealand dollars (NZD) and 19 other currencies including Bitcoin (BTC), Ether (ETH), Singapore dollars (SGD), and… Read More

5G Predicted to Boost Financial Inclusion in Asia

The new 5G mobile technology stands to boost financial inclusion in Asia, according to a prediction distributed by Robocash Group. The online lender says that about 3 million of the unbanked and underbanked will gain access to financial services in both Vietnam and the Philippines… Read More

Mobile Banking: Malaysian Consumers Are More Comfortable with Online or Digital Banking Portals than US and Canadian Consumers, Survey Reveals

Global analytics software firm FICO reports that Malaysian consumers are more comfortable with using their mobile devices to open and manage bank accounts when compared to US and Canadian residents. FICO’s Consumer Digital Banking Survey reveals that 23% of Malaysians would rather open a bank… Read More

Financial Services Firm Mizuho Hires Dan Dolev as Managing Director and Senior Equity Research Analyst Covering Fintech

Mizuho Americas confirmed on May 18, 2020 that it has appointed Dan Dolev as the company’s new managing director and senior equity research analyst covering the Fintech space. Dolev will be working out of Mizuho’s New York offices. He will be reporting directly to Susan… Read More

APAC Region Expected to Experience Significantly Increased Adoption of Digital Banking and Fintech Platforms by 2025: Report

Digital banking services are increasingly being adopted in the Asia Pacific (APAC) region. The use of all-digital banks and platforms is expected to increase further in the coming years. This, as 63% of consumers responding to a recent survey said they’d be willing to switch… Read More

Upbit Announces Expansion of Partnership With Chainalysis to Support Broader Asia Pacific Region

Korean cryptocurrency trading platform Upbit has reportedly expanded its partnership with Chainalysis, a blockchain analysis company, to provide support across the broader Asia Pacific (APAC) region. According to the duo, Upbit APAC will also use Chainalysis KYT (Know Your Transaction) to ensure safe, secure trading experiences… Read More

Digital Asset and Blockchain M&A and Fundraising Deals Declined Significantly Last Year: Report

Big Four auditing firm Pricewaterhousecoopers (PwC) reports that the majority of global digital asset fundraising and mergers and acquisitions (M&A) deals last year took place outside of the United States for the very first time. As noted in PwC’s report (released on April 6, 2020),… Read More

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