South Korea to launch open banking system this month
5.51 million open banking accounts have now been registered.
Asia Pacific
Microgen Financial Services and Touchstone Wealth Management merge
The firms hope to create a leader in the trust and corporate services sector.
Thailand’s SCB set to turn tech divisions into new fintechs
One unit has the potential to be a “unicorn”.
How paytech helps the gaming world tap the under-banked populations
Paysafecard and G2 Esports reveal how paytech taps underbanked gamers.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
CMTI 2019: Capital markets in a “war” with disruptors
Innovators are drawing battle lines that banks need to meet, says panel.
Nium powers cross-border payments for Cambodia’s PhillipBank
Cambodian institutions are increasingly engaging with their global counterparts.
China’s Ant Financial is actively looking for Singapore banking licence
The Monetary Authority of Singapore (MAS) has five licences on offer.
Tencent-backed Yeahka seeks $300m in Hong Kong IPO
The company aims to seek a listing hearing as soon as February.
Barclays launches 2.0 finger vein scanner with Hitachi for businesses
The new handset is smaller than its predecessor.
ABN Amro live with Temenos payments tech in Hong Kong
Singapore and China are next on ABN Amro’s Temenos Payments roll-out list.
Bank Mandiri selects Avaloq Banking Suite to consolidate legacy wealthtech
Major Indonesian bank wants Avaloq to power $14bn wealth division.
BRICS nations aiming for common payment system
Russian official says the association is looking to reduce reliance on USD.
SoftBank confirms Yahoo Japan and Line Corp merger to create tech giant
The merger is in a bid to better position the companies against competitors.
Asian massage chair tycoon targets Singapore banking licence
Ron Sim is said to be in talks with Singapore-based investment company Temasek.
Sberbank CTO: Banks are ‘no less’ fintech than tech upstarts
“We [the banks] are fintechs,” says Sberbank’s CTO
Japan’s elderly fight back against cashless wave
Tokyo wants to double the ratio of cashless settlements to 40% by 2025.
Tandem appoints former HSBC exec as chief growth officer
Malani will spearhead Tandem’s international expansion into Hong Kong.
Alipay aims for integration with 10m European SMEs by 2024
Chinese payments firm continues its acceptance march in Europe.
Clearing the liquidity fog in 300 milliseconds
FinTech Futures speaks to CEO and founder of RTGS.global, Nick Ogden.
Challenger banks in Hong Kong
A free guide to help our readers navigate Hong Kong’s challenger banking space.
Tencent plans blockchain-based virtual bank on back of new Hong Kong licence
Chinese conglomerate nabs its second licence from regulators.
Failed London Stock Exchange bid costs HKEX $16m
Majority of the figure down to consultants and advisory fees.
Standard Chartered latest bank to join Enterprise Ethereum Alliance
The bank will aim to deepen the EEA’s blockchain research.
DBS Bank unveils trade finance blockchain project
The new scheme is supported by a handful of collaborators.
UK challenger Tandem Bank announces Hong Kong expansion
First step overseas for the London-based neobank.
Digital banking 2019: top opportunities and cornerstones in IT product development
People want nothing but financial flexibility and convenience when it comes to money management.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
The case for a united financial marketplace
Can technology streamline the search for liquidity, the search for insight, and the search for capital?
GoCardless and TransferWise launch first global network for bank debit
Customers can collect recurring payments in over 30 countries.
Vietnam’s TPBank seals deal with blockchain paytech RippleNet
RippleNet claims its first bank client in Vietnam.
Alipay launches prepaid card for international visitors
Prepaid card scheme for international visitors is a first for the giant Chinese payment firms.
South Korean regulator plans Open Banking experiment
The scheme will involve a “comprehensive assessment” for Open Banking.
Japan’s instant credit start-up Paidy raises $143m
It includes $83m in a Series C extension and $60m in debt financing.
German bank association fires shots at Libra, calls on politicians and central banks for digital euro
The association wants a crypto led by European commercial banks and politicians.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Banking Technology November 2019 issue out now
The identity challenge.
The top trends that impacted the insurance industry in 2019
Top CRO’s in the biggest insurance companies tell us about their challenges in 2019.
Accessible and international SME banking
Options available to SMEs vary dramatically yet rarely fit the bill.
Head above the clouds with Deepak Gupta
“Every mid-sized and large bank knows they have to offer RTP.”
