Tagged: cimb

Short-Term Debt Instrument Issued as Digital Securities by iSTOX and CGS-CIMB Securities International

CGS-CIMB Securities International, an integrated financial service provider based in Asia, and digital securities platform iSTOX have reportedly issued a short-term debt instrument as digital securities. The SGD 150-million (appr. $112-million) multi-tranche commercial paper will be used to cover operational costs and near-term obligations of… Read More

Digital Banking Solution Provider CIMB Launches New Platform for Asian SMEs to Streamline Operations

CIMB Bank Berhad and CIMB Islamic Bank Berhad have introduced CIMB CNY Go Digital for SMEs. This new product should help Asian businesses that are still facing challenges due to the COVID-19 pandemic, including those companies that are struggling to offer certain services because of… Read More

Ant Group and CIMB Owned Online Wallet Provider TNG Digital Is Reportedly Planning to Secure $150M to Support Expansion Efforts

TNG Digital, the digital wallet provider that was launched via a joint initiative between CIMB Bank and China’s Ant Financial (now Ant Group), is reportedly planning to secure $150 million in capital according to a recent report from Reuters. The Malaysian digital wallet operator, owned… Read More

Digital and Mobile-First CIMB Bank in the Philippines Reports 800% Increase in Customer Deposits, 3 Million+ Users

CIMB Bank Philippines, which aims to transform the Filipino banking experience with its all-digital, mobile-first bank, “offering 24/7 safe and secure banking, bank account opening in just 10 minutes through smartphones,” is reporting that it has managed to double its deposit customer base. Launched in… Read More

CIMB Bank Vietnam and Viva Republic have Launched New Debit Card after Success of their Virtual Payments Card

CIMB Bank Vietnam and Viva Republica, the operator of the Toss app (a payments service), have launched the CIMB-Toss debit card after the success of the CIMB and Toss virtual card – which was introduced in July of this year. Launched earlier this month, the… Read More

CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

CIMB Group (CIMB or the Group), ASEAN’s fifth largest bank, announced last week it has joined forces with Ripple to enable instant cross-border payments across its markets. The duo reported that through this new partnership CIMB will join RippleNet and connect with other Ripple customers, which reportedly has more than… Read More

China: WeiyangX Fintech Review

Shenzhen, China

China Issues Guideline on Artificial Intelligence Development Last week, China’s State Council has issued a guideline on artificial intelligence (AI) development, setting a goal of becoming a global innovation center in this field by 2030. The total output value of artificial intelligence industries is expected… Read More

Malaysian Bank CIMB Announces Partnership With Alipay for Mobile Wallet & Financial Services

Malaysia’s second-biggest bank, CIMB Group Holdings Bhd, announced this week its new equity joint venture partnership with Ant Financial Service Group’s Alipay to provide mobile wallet and related financial services.  According to Reuters, CIMB unit, Touch ’n Go Sdn Bhd, will be the majority shareholder… Read More

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