RTGS Global kicks into gear to disrupt correspondent banking
RTGS has built its system on Microsoft Azure.
Asia Pacific
Philippines central bank to publish digital bank framework this month
A basic digital bank will require a minimum capitalisation of $8.2 million.
Singapore fintech GoBear lays off 11% of workforce
The fintech landed $17 million in May,
Citigroup first US bank to snag Chinese custody licence
Citi China can now open up custodian banking services.
Singapore’s cross-border transfer fintech Nium lands EMI in UK
Nium evolved from a consumer remittance service to a B2B offering.
Singapore fintech Atlantis enters India with challenger Neo
Atlantis believes market adoption in India will be particularly successful.
Viva Republica raises $173m for “one-stop” financial app
The tech company plans to diversify financial market in South Korea
Singapore firm Razer reveals overseas digital bank plans
“With a digital bank, being more nimble, we want to build a global business”.
China’s wealthiest turn to crypto to transfer $50bn in assets abroad
Stablecoin Tether has accounted for 93% of stablecoin usage across East Asia in recent years.
The great asset servicing cloud migration and its implications
Cloud migration requires a considerable initial spend and some are simply not yet ready to commit.
VPBank revamps treasury systems with Finastra
Vietnamese bank partitions treasury ops from main core banking system.
ROSCA: Is there a potential for entering developed markets?
It matches the needs of rural households thanks to its simplicity and informal understanding.
CredoLab raises $7m in Serie A funding
Singapore fintech plans product expansion with new funding.
Standard Chartered Korea brings banking to consumers’ keyboards
“Banks must weave their services into customers’ digital lives”.
Why the world needs synchronised timing
The value of timing provides the opportunity to bolster the very fabric of our vital infrastructure.
What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
Malaysia and Indonesian regulators sign fintech cooperative agreement
The two countries will share innovations and foster cross-border start-up development.
Standard Chartered hires new global head of technology
Cat Rüst joins the bank from an executive role at UBS.
Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Six ways financial services will adapt to BigTech in the UK market
BigTech companies excel at giving customers what they want.
China culls almost 6,000 P2P lenders in industry crackdown
A two-year programme has left only 29 firms in the country.
China expands digital currency experiment across major cities
More than 400 million people are able to trial the digital system.
MUFG taps AxiomSL for reporting automation
AxiomSL’s Global Shareholding Disclosures will be deployed on the cloud.
Singapore’s MAS pours $182m into second fintech fund
Around half of the committed SGD 250m rolled over from the first FSTI scheme.
KB Kookmin continues crypto custody development with new partners
The South Korean bank expects artwork and real estate to be traced via blockchain in future.
Hong Leong Bank launches mobile-based junior account
The app is designed for use by both parents and children.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
Wirecard business partner reported dead in Philippines
Bauer’s company made up €291.4m of Wirecard’s 2018 profits.
GoBear and UnionBank launch new lending service in the Philippines
Partnership claims to be first of its kind in the country.
Cambodia payments fintech Clik lands $3.7m
The capital will also underpin its launch in Cambodia later this year.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
After divorce comes engagement for banks
For a bank to engage with a customer, they need to go beyond the initial request.
Indonesian fintech Ayoconnect raises $5m in Pre-Series B funding
Firm reaches total funding of more than $10m with new round.
BIS and HKMA launch trade technology challenge
New scheme kicks off with approval from a handful of Chinese regulators.
Grab launches micro-investment, third-party loan and BNPL offerings
The firm is further cementing itself in the financial services industry.
UK leads the way in Islamic fintech ahead of Malaysia and UAE
The UK is a notable eight ahead of second-place Malaysia.
IBM, Mizuho and MUFG join Japanese quantum innovation consortium
The Quantum Innovation Initiative Consortium aims to enable cooperation between sectors.
HSBC and Microsoft partner to support Hong Kong SMEs
The two firms have signed a year-long partnership.
How can fintech rise to the new D&I challenge?
If they don’t believe they are part of the problem, nothing will really change.
Singapore’s robo-advisor StashAway lands $16m led by Square Peg
The fintech last raised funding in July 2019.
