PayPal is first foreign company to nab Chinese payments licence
Acquisition of GoPay gives PayPal a way into the Chinese market
Asia Pacific
Banks must improve cyber risk culture, says MAS panel
Singaporean regulator’s experts call out bank culture.
Revolut reveals new agreement with Visa, set to hire 3,500
Revolut is eyeing up several new markets in 2019 and 2020
Bank of China and IBM team up to launch series of innovation labs
Big Blue helps set up first lab Singapore, with seven more to come.
ISLA tells lenders how to avoid “unsustainable levels” of cost and risk
By standardising and automating, the industry will become “future-proof”.
Sibos 2019 Roundup
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Beijing’s digital currency drives Chinese fintech stocks skyward
China’s fintechs have seen share price rises of up to 200%.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Mobile finance fintech Channel VAS lands $54m investment
Investors see potential in Africa’s “growing yet underpenetrated mobile airtime market.”
Sibos 2019: Watch out for Asian big techs like Alipay, Accenture warns banks
Bigtechs have been quietly accumulating lots of data.
Bolero ties up three-way trade digitisation deal with CTBC Bank and Everline
Deal is part of “an ongoing commitment to digital innovation.”
Daily News at Sibos 2019: Day Four
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Sibos 2019: Cultural barriers need to fall to make cybersecurity more transparent
Banks need to go beyond ISO requirements, says Cramer.
Sibos 2019: MUFG “ready to work with fintechs”
MUFG reveals it already has its eyes on some fintechs.
Daily News at Sibos 2019: Day Three
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Sibos 2019: London could be “centre of the world” for RMB
HKEX CEO says stock exchange merger will boost UK capital
Daily News at Sibos 2019: Day Two
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Sibos 2019: Swift reveals 41 second European payments pilot
The payment traveled from Singapore to Germany.
Daily News at Sibos 2019: Day One
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North Korea plans its own bitcoin
Russia, Venezuela and Iran have explored similar projects.
Cybersecurity firm Acronis becomes unicorn with $147m investment
The funding round was led by Goldman Sachs.
Digital Reasoning reveals $40m funding round and Standard Chartered partnership
Digital Reasoning uses AI to understand human communication
Confirmations bring peace of mind to cross-border payments
Swift is working on a new universal confirmations initiative.
JD.com fintech affiliate launches new digital wallet in Thailand
JD Digits has partnered with Central Group to launch digital wallet app Dolfin.
Adhara expands into Singapore and appoints Stanley Yong
Yong has nearly ten years’ experience at the Monetary Authority of Singapore.
Deutsche Bank launches first Shanghai innovation hub
The new hub will be the innovation arm of Deutsche Bank in China.
South Korea and Indonesia fintechs collaborate on accelerator lab
SFG and CoHive has officially launched the Shinhan Future’s Lab Indonesia.
HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
Mastercard and R3 deliver blockchain cross-border payments solution
The partnership will focus on connecting global faster payments infrastructures.
iSunOne to build world’s first Islamic blockchain financial system
The firm will work directly with the Malaysian government.
Ping An Insurance considers Singapore neobank licence
The company has already secured a Hong Kong banking licence.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Indonesian FSA launches online register to monitor fintechs
The platform will grow business through OJK’s innovation hub.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
BIDV chooses Surecomp for digital trade finance transformation
BIDV praises Surecomp’s “commitment to its clients”.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
