UK paytech TerraPay handed MPI licence by MAS in fresh push for APAC expansion
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
Cosmic was co-developed by MAS and six banks – Citibank, DBS, HSBC, OCBC, UOB, and Standard Chartered.
The company stopped accepting applications for new cards on 1 April.
Rakuten is discussing plans to integrate all its fintech units, including Rakuten Bank, into one unified entity.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
DealStreetAsia reports that Ant Group has now invested over $500 million in total in Anext Bank.
Laos-based Indochina Bank is modernising its core technology with Oracle FS and Techzone.
CBB hopes the partnership will help boost its operational efficiency and growth.
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
The bank has tapped Google for solutions in cybersecurity, data, marketing and AI, among other areas.
The Temenos Wealth solution will be implemented by the vendor’s regional partner CBTW.
Ronnie Cheung will lead operations and governance for the private bank’s Hong Kong branch.
Fiuu will now operate independently of Razer, providing payment services for businesses in Southeast Asia.
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
Money20/20 Asia 2024 will be held at the Queen Sirikit National Convention Center in Bangkok, Thailand.
Crédit Agricole CIB hopes the platform will appease “the increasing demand for supply chain finance” in APAC.
Rhee Eun-mi joins from DGB Daegu Bank, where she has been serving as CFO and managing director.
VIB will be the first Vietnamese bank to deploy the Temenos R23 core banking system on a cloud platform.
The two new initiatives will bring changes to how open banking data is used in the country.
The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
The bank will leverage the Avaloq Core platform and its Relationship Manager Workplace solution.
UNOAsia will use the funding to strike profitability for UNO Digital Bank in the Philippines.
Contour previously announced in October 2023 that it was to wind down operations as a result of insufficient funding.
Cheng first joined Citi back in 1993, and has since risen through the ranks of its corporate banking division.
The Swiss bank is to replace its legacy system for position and risk management with FM Converge.
The job openings are within HSBC’s digital business services unit and ventures, innovation and partnerships team.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The banking group says the partnership will enhance its compliance efficiency.
Sygnum says it will use the capital to expand into new markets and further develop its product suite.
The bank will also utilise Azentio’s financial crime management and anti-money laundering (AML) system.
Informatica says the solution provides an “enterprise-wide, 360-degree view of customers”.
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
The group is migrating from Finastra’s Equation core to its cloud-based Essence solution.
The latest round saw participation from both new and existing investors, HashKey says, without divulging names.
The capital injection follows a $104m investment in July and a $56.8m investment in April last year.
The bank expects to roll out a Sharia-complaint banking app within the next six months.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Thunes’ current CEO Peter De Caluwe has been promoted to deputy chairman.
The potential acquisition would value the Dutch payments firm at $200 million, Reuters reports.