Tagged: southeast asia

April 7, 2021 @ 12:39 am By Omar Faridi  |  

Hong Kong-headquartered crypto-asset custody service provider Hex Trust reveals that it has secured $6 million in capital via a Series A round that was led by QBN Capital. As part of its latest investment round, Hex Trust also received contributions from Cell Rising, Radiant Tech… Read More

April 6, 2021 @ 11:47 pm By Omar Faridi  |  

Vietnam-based Fundiin, a Buy Now, Pay Later (BNPL) service provider, has acquired an undisclosed amount of funds as part of its latest venture round that was reportedly led by 1982 Ventures and Zone Startups Ventures. The funds acquired from Fundiin‘s investment round will be used… Read More

April 5, 2021 @ 11:17 pm By Omar Faridi  |  

Overseas Filipino Bank (OFBank), which is a wholly-owned subsidiary of the Land Bank of the Philippines (LANDBANK), has managed to acquire an operational license following the introduction of the Bangko Sentral ng Pilipinas’ (BSP) updated virtual banking guidelines. OFBank was reportedly provided a digital banking… Read More

April 5, 2021 @ 9:27 pm By Omar Faridi  |  

The National University of Singapore (NUS), a leading research university and the oldest higher education institution in the city-state, will reportedly be providing two new graduate-level programs focused on Fintech during the upcoming academic year. The program aims to assist with creating a comprehensive ecosystem… Read More

April 3, 2021 @ 10:17 am By Omar Faridi  |  

Razer, a leading gaming hardware producer, has managed to diversify its business operations during the past few years. Razer CEO and Co-founder Min-Liang Tan first launched the company in 2005 with the goal to develop a computer mouse that would be ideal for avid gamers…. Read More

April 2, 2021 @ 8:09 pm By Omar Faridi  |  

Pine Labs, an Asian merchant commerce solution provider that’s backed by payments giant Mastercard, has introduced a Buy Now, Pay Later (BNPL) solution in Malaysia. Pine Labs aims to offer a technology-focused offline payments platform where several different credit card issuers can use a common… Read More

April 2, 2021 @ 6:18 pm By Omar Faridi  |  

Uppsala Security has revealed that it received a Financial Sector Development Grant from the Monetary Authority of Singapore (MAS). Uppsala Security, an established provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity confirmed on April 2, 2021, that they were chosen by… Read More

April 1, 2021 @ 8:26 pm By Omar Faridi  |  

Atome Financial, the parent firm of Buy Now, Pay Later (BNPL) company Atome, has reportedly finalized its acquisition of financing service provider PT Mega Finadana Finance in Indonesia. The terms of the deal have not been shared publicly. The acquisition should help Atome Financial with… Read More

March 31, 2021 @ 10:11 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) revealed on March 31, 2021, that Singapore plans to take part in global efforts to improve the overall capacity of the International Monetary Fund (IMF) to provide assistance to “vulnerable” low-income nations in “dealing with the economic fallout from… Read More

March 31, 2021 @ 12:57 am By Omar Faridi  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is reportedly looking into adopting a virtual banking framework so that it may be leveraged to enable greater financial inclusion. The new digital banking guidelines are being developed to support a regulatory environment… Read More

March 30, 2021 @ 11:17 pm By Omar Faridi  |  

Bangkok Bank, one the largest commercial banks in Thailand, has introduced an international QR payments solution that will run between Thailand and Vietnam. The solution is reportedly being deployed with assistance from the Bank of Thailand (BOT) and State Bank of Vietnam (SBV). Bangkok Bank… Read More

March 29, 2021 @ 10:08 pm By Omar Faridi  |  

Singapore-based #dltledgers, a blockchain or distributed ledger technology (DLT) platform for conducting cross-border trade, trade finance, and handling supply chain digitization, has secured $7 million in capital through a Series A round. The firm’s investment round was led by Regis and Savoy Capital, Vittal, Walden… Read More

March 27, 2021 @ 7:30 pm By Omar Faridi  |  

Digital wallet provider Boost recently revealed that it’s now a part of the PayNet Real Time Retail Payment Platform (RPP). Boost confirmed that it will be adopting DuitNow QR (beginning on March 26, 2021). DuitNow QR is the national QR code standard used in Malaysia…. Read More

March 27, 2021 @ 6:38 pm By Omar Faridi  |  

Aspirasi, an online micro-financing and micro-insurance platform operating under Axiata Digital, is providing a more convenient and all-digital financing option for online consumers via Aspirasi CashNow. Now available via digital commerce platform Lazada Malaysia, Aspirasi CashNow is currently open for applications to all Malaysia-based residents… Read More

March 22, 2021 @ 10:52 pm By Omar Faridi  |  

Southeast Asia-based all-digital banking challenger Tonik has officially launched the first neobank in the Philippines. Tonik is regulated by the Bangko Sentral ng Pilipinas (BSP), the nation’s central bank. Tonik’s deposits will reportedly be insured by the Philippine Deposit Insurance Corporation (PDIC). The digital banking… Read More

March 15, 2021 @ 11:17 pm By Omar Faridi  |  

Indonesia-based Validus’ subsidiary Batumbu has obtained regulatory clearance to serve as a licensed and authorized online financing platform. The approval has been given by the Indonesian Financial Services Authority (OJK). Since it first began offering services in 2019, Batumbu has reportedly issued more than S$207… Read More

March 15, 2021 @ 10:20 pm By Omar Faridi  |  

After the rollout of Trusple, which is AntChain’s global trade and financial services platform, DBS (SGX:D05) has confirmed that it’s the first major Asian banking institution to finalize a trade financing transaction via the platform. The digital transaction was valued at more than $40,000. The… Read More

March 15, 2021 @ 10:01 pm By Omar Faridi  |  

Malaysia-based Ouch!, a digital or online insurance company, has secured RM 1.5 million (appr. $360,000) in seed funding via a round led by Vynn Capital and Temokin, along with participation from several angel investors. The Ouch! team says it will use the capital raised from… Read More

March 9, 2021 @ 11:45 pm By Omar Faridi  |  

Vietnamese banks are becoming a lot more aware of Open Banking policies and are beginning to realize that they should look into leveraging open APIs in order to remain relevant in the evolving digital financial services sector. There are at least two local banks in… Read More

March 9, 2021 @ 11:11 pm By Omar Faridi  |  

Indonesia’s digital wallet platform LinkAja has chosen Indian software firm PureSoftware’s Arttha digital payments suite which will be powering the wallet provider’s core systems. The move is said to be consistent with LinkAja’s goal to further expand and strengthen its market presence as a payment… Read More