Tagged: southeast asia

November 6, 2022 @ 8:37 pm By Omar Faridi  |  

Jakarta-based Bank Negara Indonesia (BNI) is migrating to the Avaloq Core Platform to support “the success of its Wealth Management Division.” Avaloq will “enable the bank to digitalize key business processes and meet the needs of the country’s growing wealth management and private banking clients.”… Read More

November 3, 2022 @ 10:48 pm By Omar Faridi  |  

METACO, the provider of digital asset management technology to complex, global financial institutions, announced that Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, has “gone live on METACO’s flagship platform, Harmonize™, to pilot the launch of crypto services… Read More

November 1, 2022 @ 2:17 pm By Omar Faridi  |  

Kenanga Investment Bank Berhad has entered into an agreement with AntChain Technology Pte. Ltd., part of the Ant Group, “to build Malaysia’s first wealth SuperApp using AntChain’s proprietary mobile platform solution.” This agreement “follows from its recent MoU with AntChain.” Kenanga’s SuperApp aims “to help Malaysians… Read More

November 1, 2022 @ 2:17 am By Omar Faridi  |  

Indonesia Stock Exchange (IDX), the country’s national securities exchange and among the “fastest growing” in the continent, is exploring the possibility of working with MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), “to develop Indonesia’s… Read More

October 31, 2022 @ 10:54 pm By Omar Faridi  |  

Maybank Indonesia announced its Consolidated Financial Results for nine months ended 30 September 2022, “with Profit before Tax (PBT) of Rp1.48 trillion and Profit after Tax and Minority Interest (PATAMI) of Rp1.06 trillion.” The Bank’s PBT and PATAMI “remained comparatively stable to last year’s results.”… Read More

October 30, 2022 @ 12:18 pm By Omar Faridi  |  

Stripe recently announced its general availability in Thailand, where its financial infrastructure platform will “help solve the complex payments issues facing Thai businesses.” Tee Chayakul, Thailand country director at Stripe, said: “Thailand’s digital economy is one of the fastest growing in Southeast Asia. However, moving… Read More

October 24, 2022 @ 10:45 pm By Omar Faridi  |  

BNPL Fintech firm Fundiin has secured $5 million in capital via a Series A round that was recently co-led by Trihill Capital and ThinkZone Ventures. The funds from the investment round should assist Fundiin with expanding at a quicker pace and enter Indonesian markets in… Read More

October 20, 2022 @ 3:27 pm By Omar Faridi  |  

UOB (SGX: U11) recently announced the launch of the UOB Sustainability Compass at the Gateway to ASEAN Conference. The Sustainability Compass is a tool that “provides a step-by-step guide for small and medium-sized enterprises (SMEs) to overcome their inertia and kickstart their sustainability journeys.” As… Read More

October 18, 2022 @ 6:45 pm By Omar Faridi  |  

bolttech, which claims to be one of the world’s “fastest-growing” international insurtech companies, announced Tokio Marine, alongside other shareholders, will “lead bolttech’s Series B funding round.” The investment round reportedly “values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion,… Read More

October 17, 2022 @ 9:51 pm By Omar Faridi  |  

Agribusiness Rural Bank, Inc., which is reportedly one of the top ten rural banking institutions based in the Philippines, also referred to as Agribank, has launched a new mobile banking App for Android and iOS, developed and delivered by Geniusto International. This secure and configurable… Read More

October 17, 2022 @ 9:47 pm By Omar Faridi  |  

Regional Insurtech Igloo, in partnership with e-commerce giant Shopee, introduced Home Content Insurance in Vietnam, the “first” comprehensive protection solution “for indoor assets, against unexpected events such as natural disasters and fire in the platform.” The Home Content Insurance is “underwritten by Bao Viet Insurance,… Read More

October 17, 2022 @ 9:17 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced that it has “entered the wearables segment in the consumer electronics category.” Shoppers in India can now “purchase wearable devices of select brands on a Buy Now Pay Later arrangement using Pine Labs’ PoS terminals.” Top brands offering… Read More

October 17, 2022 @ 9:12 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that Ms. Gillian Tan will be appointed Chief Sustainability Officer “from 17 October 2022, in addition to her current role as Assistant Managing Director (Development & International).” MAS’ current Chief Sustainability Officer, Dr. Darian McBain, will “leave MAS… Read More

October 15, 2022 @ 2:34 pm By Omar Faridi  |  

Blockchain.com, a leading crypto wallet provider, digital asset trading platform, and block explorer service provider, recently revealed that it has “secured an in-principle approval for the Major Payment Institution License offering Digital Payment Token services from the Monetary Authority of Singapore (MAS).” With this preliminary… Read More

October 14, 2022 @ 6:11 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) and Bank Indonesia recently announced the winners of the G20 TechSprint 2022 challenge during a live award ceremony in Jakarta. This year’s competition, under the Indonesian G20 Presidency, was launched in April to catalyze new technologies that “would better… Read More

October 7, 2022 @ 1:13 pm By Omar Faridi  |  

bolttech, the Singapore-based international insurtech, announced it has completed the acquisition of a majority shareholding in PT Axle Asia, “an established insurance broker in Indonesia.” Axle Asia will “become a subsidiary of bolttech and be subsequently rebranded.” The addition of Axle Asia will “accelerate the… Read More

October 6, 2022 @ 6:39 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched the ESG Impact Hub to spur co-location and collaboration “between Environment, Social, Governance (ESG) Fintech startups and solution providers, financial institutions and real economy stakeholders.” The Hub will also “anchor industry-driven sustainability initiatives such the Point Carbon… Read More

October 5, 2022 @ 11:36 pm By Omar Faridi  |  

On Sept. 28, during the Token2049 event in Singapore, MEXC Exchange officially announced at the MEXC afterparty “M&M Launcher” that its fund was officially “upgraded to M-Ventures and a new management team.” The upgraded M-Ventures is “a comprehensive fund committed to empowering innovations in the… Read More

October 3, 2022 @ 11:50 pm By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) recently announced a technology agreement with DBS Bank (SGX:D05). DBS will leverage Nasdaq’s technology as they seek “to advance its surveillance capabilities and continue to protect its clients from market abuse.” DBS Bank, a financial services group in Asia, will “leverage Nasdaq… Read More

October 3, 2022 @ 6:41 am By Omar Faridi  |  

Buy2Sell, an e-commerce platform in Asia, has announced a new strategic partnership with Mastercard (NYSE: MA). The announcement is “the result of a longstanding relationship where Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services.”… Read More