Video: pick of the week – new payments system in Singapore, Bank of Ireland tech hires
A top pick of stories from the world of finance and tech in bitesize video format, weekly.
Asia Pacific
Au Jibun Bank investment app: changing hearts and minds
Au Jibun Bank aims to become the lifelong partner for every customer.
Singapore pledges $32m to help regtechs take POCs to market
Welcome to “the Valley of the Valuable POCs”, says MAS chief fintech officer
São Paulo fintech brokerage Warren lands $55m led by Singapore’s GIC fund
The fintech intends to use the fresh capital to hire more employees.
JP Morgan, DBS Bank and Temasek to form new payments platform
The platform will start by facilitating flows between Singapore-based banks.
National Commercial Bank migrates payments processing to TranzAxis
Vietnamese bank switches card operations to the Compass Plus system from legacy in-house tech.
FIS expands payment processing in Malaysia, South Africa and Nigeria
“Emerging markets across Southeast Asia and Africa present fresh opportunities”.
Currencycloud moves into Asia-Pacific with new Singapore office
Currencycloud’s Asia-Pacific transactions trebled last year.
PayPal to avoid Chinese competition with new cross-border wallet
US giant aims to create a bridge into China with its new service.
Hana Financial Group completes cloud migration with Oracle
South Korean firm shifts 15 million customer accounts off premises.
Dutch VC Finch Capital snaps up Wirecard’s APAC assets
The purchases were made through Nomu Pay.
Pine Labs acquires digital payments start-up Fave in $45m deal
Indian payments firm snaps up Fave to introduce the latter to India.
MUFG wealth management arm deploys InvestCloud in Japan
Vendor says the deal reflects its “substantial investment” in the country.
Finder snaps up shuttered Singapore fintech GoBear
COVID-19 took a toll on GoBear’s capital reserves and certain financial products.
Fintech funding deals globally 29 March – 4 April 2021
Featuring HighRadius, Next Insurance, dLocal, Pipe Dream Technologies, and Paidy.
Ripple snaps up 40% stake in Asian cross-border payments firm Tranglo
Tranglo’s global network spans more than 100 countries.
Jakarta wealthtech Pluang raises $20m in pre-Series B funding
Pluang wants to extend investment to poorer households in Indonesia.
Digital challenger Minna Bank to launch in Japan by May
Minna will offer both consumer-facing and white labelled products.
OCBC launches facial recognition at ATMs, region’s first
The biometric tool will be first used for account balance enquiries – piloted by eight ATMs.
Indonesian fintech Alami acquires rural bank in $10m deal
Alami is helping the bank keep up with capital requirements.
Tencent suffers $65bn market value blow, analysts put fintech business at “zero”
Tencent, like Ant, holds a financial foothold in China which rivals banks.
Payfazz invests $30m in Xfers to form Fazz Financial Group
FFG aims to develop solutions for the underbanked in Southeast Asia.
Fintech funding deals globally 1-7 March 2021
Featuring Klarna, Papaya Global, TaxBit, Beam Technologies, and Xendit.
International cash transfer app Rewire lands $20m led by OurCrowd
Jerry Yang, former Yahoo! CEO and director at Alibaba, also invested.
Banking Tech Awards 2020 Winner: Bank BRI & Infosys Finacle – Best Use of IT for Lending
Revamping customer lending through partnerships and back-office change.
Dear Luc: Your most pressing fintech problems solved
In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.
ABA Bank picks Alessa system to meet new AML regulations
Cambodian bank prepares to hit new regulatory targets.
Banking Tech Awards 2020 Winner: au Jibun Bank – Best Use of AI
Rebuilding consumer confidence in investments with an AI-driven market forecasting capability within a banking app.
Philippines-based neobank Uno boosts AI services with Xebia deal
The prospective bank is pushing its AI capabilities as a unique selling point.
Banking Tech Awards 2020 Winner: TMRW – Best UX/CX in Finance Initiative
Exclusive interview with Kevin Lam, head of TMRW Digital Group.
Report: The power of data analytics in fintech solutions
A deep-dive industry report focused on the priorities and use of data analytics at financial institutions.
Tyme lands $110m in Series B funding, plans Asia-Pacific expansion
TymeBank looks to expand beyond its South African headquarters.
HSBC explores options for loss-making US arm as profits dip 34%
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
Fintech funding deals globally 15-21 February 2021
Featuring Public, Webull, Blockchain, GoCardless, and Personetics.
Is 2021 the year to inspire better banking?
Sanat Rao says the time is right to invest in back-end systems change.
Huawei to acquire Xunlian Zhipay for its payments licence
The deal is yet to be officially announced.
Banking Technology February 2021 issue out now
The roaring 20s.
Singapore’s central bank reviews BNPL regulation over debt fears
The MAS wants to ensure regulations are “risk-proportionate”.
Philippines neobank Tonik signs credit assessment deal with FinScore
The challenger wants to extend loan applications to more underbanked Filipinos.
Ant plans for IPO as it reaches restructure deal with regulators
Ant has until November 2021 to register a new financial holding.
