Tagged: asia pacific

Ireland based Fintech Fenergo Hires Gary Brookes as Head of Sales for Asia as Company Continues to Expand Global Operations

Dublin-based Fenergo, a Fintech company focused on supporting digital transformation initiatives, has announced the appointment of a new Asia Head of Sales who will be leading growth operations and executing on Fenergo’s innovative Cloud strategy in the APAC region. Fenergo has hired Gary Brookes to… Read More

Digital Assets Firm BlockFi Launches Private Client Services Offering for UHNWIs and Sophisticated Investors in APAC Region

BlockFi Inc., a financial services firm that’s focused on creating a bridge between digital currencies and traditional financial and wealth management products, has revealed that it has launched a Private Client Services offering for investors in the APAC region. BlockFi confirms that the new initiative… Read More

Global Fintech Investment Activity Recovered Strongly in H2 2020 after COVID-related Slowdown, $105B Raised via 2,861 Deals

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

Global Microlending Market Is Projected to be Valued at Over $340 Billion by 2027, with Funding Circle, Kabbage, Others as Key Players

The global micro-lending market is projected to reach a valuation of $343.84 billion by 2027, according to a new report. The expected increase in adoption of microlending in developing countries may improve consumers’ lifestyle or standard of living. The anticipated shift from traditional lending to… Read More

Nasdaq listed Zebra Technologies Expands Operations in APAC Region with Research and Dev Center in Singapore

Multinational corporation Zebra Technologies (NASDAQ:ZBRA) has reportedly launched new head offices in Singapore in order to expand its business operations in the Asia Pacific (APAC) region. The official launch of Zebra’s APAC headquarters has come as Singapore gets ready to begin its third phase of… Read More

Digital Asset Exchange Gemini Appoints Eugene Ng as Business Dev Head for APAC Region to Work with High Net Worth Investors

US-based digital currency exchange Gemini recently welcomed Eugene Ng as the firm’s new APAC Head of Business Development. Gemini’s management confirmed on January 7, 2021 that they’re pleased to announce that Eugene Ng will be serving as the crypto firm’s Head of Business for the… Read More

Traditional Banks can Leverage their Size to Move Faster with Integrating Fintech Solutions Globally, Société Générale Exec Says

Gaelle Olivier, CEO at Societe Generale (EPA:GLE) for Asia Pacific, a French multinational investment bank and financial services company with around €1.3 trillion in assets, argues that traditional banks should not think of Fintechs as direct competition. Olivier, whose comments came during a CNBC interview,… Read More

Digital Payments Giant Visa and Snowdrop Solutions to Help Consumers in APAC Region Accurately Track their Transactions

Snowdrop Solutions Ltd. has teamed up with digital payments giant Visa in order to offer innovative location-enriched services to banking institutions and other financial services providers based in the Asia Pacific (APAC) region. Through the partnership, both companies aim to allow millions of consumers to… Read More

Digital Transformation: Fintech Finastra to Assist Shinhan Bank Vietnam with Integrating New Trading and Risk Software

Finastra, a financial services software and Cloud-enabled solutions provider, has revealed that Shinhan Bank Vietnam has decided to integrate its trading and risk software with the Fusion Kondor and Fusion Risk solutions. These solutions have been chosen because they’re supposed to offer greater flexibility and… Read More

Digital Banking: Fintech Unicorn Revolut to Expand Global Operations by Hiring Senior Execs in Singapore

  Prominent digital bank Revolut is reportedly planning to hire several senior management professionals in Singapore. The UK-headquartered Fintech Unicorn noted that it’s looking to recruit senior-level executives for managing its operations in the city-state. As first reported by Tech in Asia, Revolut also plans… Read More

Southeast Asia has Emerged as Fintech Hotspot with CAGR of 55% in Equity Funding: Report

  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

PAG, a Major Asian Investment Group, has Selected Broadridge as Cloud enabled Portfolio Management Solution Provider

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

Mastercard, IDEMIA, MatchMove to Test Fingerprint Biometric Card in Asia to Improve Security of Contactless Payments

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

Australian SME Banking Challenger Judo Bank to Use Cloud based Bank Operating System Developed by nCino

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

Emerging Digital Technology Breakthroughs in AI and IoT are Fundamentally Changing Consumers’ Banking Experience: Report

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

Singapore Fintech iLex to Use Loan Solutions Offered by Refinitiv, will Redistribute LPC Loan Market Data via iLex Platform

iLex, a Fintech firm that is focused on improving the corporate loan market, has partnered with Refinitiv through its LPC brand, in order to integrate their loan solutions and redistribute LPC loan market data via the iLex platform. As mentioned in a release shared with… Read More

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

Fintech Investments in Asia Pacific Surged 9.1% to $1.4 Billion during Q2 2020, as Investors Shift Focus from India to Australia, Other Regions: Report

Investments in private Fintech firms based in the Asia-Pacific increased by 9.1% to $1.4 billion during Q2 2020, when compared to Q1 2020, according to a report from S&P Global Market Intelligence. The Q2 APAC Fintech Funding Report (released on August 25, 2020) notes that… 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

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