Tagged: southeast asia

March 15, 2023 @ 10:35 pm By Omar Faridi  |  

Merchant commerce omnichannel platform Pine Labs announced the appointment of Navin Chandani as the President of its Issuing Business. Issuing Business of Pine Labs claims that ii is “a market leader in the issuing of prepaid cards, gift cards, rewards, incentives, loyalty programs and several… Read More

March 15, 2023 @ 6:45 pm By Omar Faridi  |  

Ria Money Transfer, a firm focused on the cross-border money transfer industry and business segment of Euronet (NASDAQ: EEFT), and ACLEDA Bank Plc., Cambodia’s leading retail bank, announced a partnership that “broadens cross-border money transfer services available to and from Cambodia.” This expansion of Ria’s… Read More

March 15, 2023 @ 6:30 pm By Omar Faridi  |  

As Coinbase (NASDAQ:COIN) prepares to ramp up their international expansion over the next 8 weeks, they are beginning this journey in Singapore. Their upgraded retail platform, in addition to their new strategic banking partnership with Standard Chartered, aims “to provide you with a seamless, safe,… Read More

March 14, 2023 @ 4:03 pm By Omar Faridi  |  

MVGX Holdings, a Singapore-based FinTech company, providing end-to-end Carbon Software-as-a-Service solutions, announced that it has appointed Meyer “Sandy” Frucher as its Vice Chairman. In his new role, Sandy will be “responsible for guiding the company toward establishing an interconnected global carbon infrastructure network with national… Read More

March 13, 2023 @ 10:10 pm By Omar Faridi  |  

Homegrown financial services company Singlife has appointed Citi and BlackRock Aladdin to “provide it with a comprehensive technology platform to unify and transform its asset management capabilities across its front, middle and back-office offering.” Citi and BlackRock Aladdin previously “entered into an alliance to leverage… Read More

March 12, 2023 @ 6:28 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments and digital payment software solutions, and Security Bank Corporation, a universal bank in Philippines, announced that the bank has chosen ACI Worldwide’s Enterprise Payments Platform solution to strengthen its real-time payment capabilities. The partnership will… Read More

March 7, 2023 @ 10:17 pm By Omar Faridi  |  

AsiaPay, a provider of digital payment solutions in the Asia Pacific, has launched Visa Instalments in Hong Kong and will further extend to Southeast Asia to provide merchants more flexible payment options and enhance the purchase experience of consumers. Leading a new trend in credit… Read More

March 7, 2023 @ 5:37 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced plans to launch an AWS infrastructure Region in Malaysia. The new AWS Region will “give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and… Read More

March 2, 2023 @ 10:55 pm By Omar Faridi  |  

Open finance platform Brankas has announced a new feature enabling instant bank account opening as an “embedded finance” experience on third-party applications. The API is the “first” of its kind in the region, “launched first in Indonesia and the Philippines.” As a bundle with Brankas’… Read More

March 2, 2023 @ 7:17 pm By Omar Faridi  |  

Tazapay, a Singapore-based cross-border payments provider, has partnered with leading global real-time payments gateway Volt “to add open banking to its growing stack of payment offerings, as it accelerates its international growth plans across the UK and Europe. The partnership will enable Tazapay’s customers “to… Read More

February 28, 2023 @ 8:15 pm By Omar Faridi  |  

Maybank, Southeast Asia’s fourth largest bank by assets, reported “a net profit of RM8.23 billion for the financial year ended 31 December 2022 (FY22).” Profit before tax (PBT) meanwhile, “was 11.6% higher at RM12.15 billion from RM10.89 billion a year earlier.” The better results were… Read More

February 28, 2023 @ 9:27 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued a Notice imposing mandatory baseline standards of due diligence and conduct requirements “for corporate finance (CF) advisers.” These requirements aim to “raise the standards of conduct of CF advisers, improve the quality of disclosures and allow investors… Read More

February 26, 2023 @ 4:40 pm By Omar Faridi  |  

FalconX, which claims to be the “most reliable” digital assets prime brokerage for the world’s leading institutions, announced expansion of its services into Singapore. Matt Long has “joined FalconX as General Manager and Ave King as Chief Compliance Officer, both based in Singapore.” Alongside these… Read More

February 22, 2023 @ 9:30 pm By Omar Faridi  |  

Vietnam’s Fintech start-up GIMO has announced the first close of its Series A funding with a US$5.1 million investment “led by TNB Aura.” Other investment firms joining the investment round “are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.”… Read More

February 22, 2023 @ 5:31 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More

February 16, 2023 @ 1:37 am By Omar Faridi  |  

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

February 12, 2023 @ 7:54 pm By Omar Faridi  |  

Tazapay, a fintech company specializing in cross-border payments, announced that it has raised $16.9 million in its Series A funding round. Sequoia Capital Southeast Asia led the investment round, “with EscapeVelocity (escp.vc), PayPal Alumni Fund, as well as renowned angel investor Gokul Rajaram joining as… Read More

February 12, 2023 @ 7:11 pm By Omar Faridi  |  

The Brunei Darussalam Central Bank (BDCB) and Monetary Authority of Singapore (MAS) reaffirmed the close ties between the two authorities “at the fourth BDCB-MAS Bilateral Roundtable, and discussed new areas of collaboration.” At the Roundtable, BDCB Managing Director, Rokiah Bakar and MAS Managing Director, Ravi… Read More

February 12, 2023 @ 6:05 pm By Omar Faridi  |  

MONIX Co., Ltd., a Bangkok-based AI-powered digital lending platform, announced that the company has secured US$20 million in the first close of its pre-IPO fundraising. The investment round was “led by the mothership SCBX and a new investor Lombard Asia, a Southeast Asia’s growth-focused private… Read More

February 5, 2023 @ 6:17 pm By Omar Faridi  |  

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).” The four firms “being onboarded are Islamic-themed streaming service Durioo+,… Read More