Tagged: apac

November 5, 2020 @ 11:05 pm By Omar Faridi  |  

  Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA)…. Read More

October 27, 2020 @ 10:14 pm By Omar Faridi  |  

Broadridge Financial Solutions, Inc. (NYSE:BR), an established provider of investor communications and tech-driven solutions to banks and asset managers, has announced that PAG, a major Asia-focused investment group, has selected Broadridge as a Cloud-enabled portfolio management solution provider. As confirmed in a release, the enhancement… Read More

October 21, 2020 @ 9:16 pm By Omar Faridi  |  

Mastercard, IDEMIA, and MatchMove will be piloting a fingerprint biometric card in Asia in order to improve the security and safety of contactless payments. According to a release, Mastercard will be partnering with IDEMIA, which offers “Augmented Identity” solutions, and MatchMove, a Singapore-based Fintech firm…. Read More

October 15, 2020 @ 4:28 pm By Omar Faridi  |  

Australia-based SME challenger bank Judo Bank has chosen nCino (NASDAQ: NCNO) to help streamline its lending processes. Judo Bank will be using nCino’s Cloud-powered platform to enhance its services which are mainly intended for small businesses. nCino, Inc. is an established cloud banking and digital… Read More

October 14, 2020 @ 8:22 pm By Omar Faridi  |  

The global digital banking market demand is expected to reach $12 trillion by 2026, according to a new report. The digital banking market from corporate banking is now on track to expand at an 8% CAGR from 2020 to 2026. This growth may be attributed… Read More

September 24, 2020 @ 10:14 pm By Omar Faridi  |  

  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

September 15, 2020 @ 8:06 am By Omar Faridi  |  

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

August 26, 2020 @ 8:01 am By JD Alois  |  

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

August 22, 2020 @ 7:39 pm By Omar Faridi  |  

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

August 13, 2020 @ 8:35 pm By Omar Faridi  |  

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

August 10, 2020 @ 9:13 pm By Omar Faridi  |  

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

July 29, 2020 @ 7:18 am By Omar Faridi  |  

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

July 28, 2020 @ 10:14 pm By Omar Faridi  |  

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

July 20, 2020 @ 9:58 pm By JD Alois  |  

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

July 17, 2020 @ 11:23 pm By Omar Faridi  |  

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

July 10, 2020 @ 4:26 pm By Omar Faridi  |  

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

June 30, 2020 @ 7:24 am By Omar Faridi  |  

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

June 19, 2020 @ 12:30 am By Omar Faridi  |  

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

June 6, 2020 @ 2:59 pm By Omar Faridi  |  

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

June 1, 2020 @ 5:33 pm By JD Alois  |  

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