Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Asia Pacific
PayU acquires majority stake in Red Dot Payment
The deal sees PayU expand into Southeast Asia.
Top fintech stories this week – 05 July 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Aspiring challenger Kyash raises $14m
The fintech wants to become Japan’s first challenger bank.
Instarem seeks banking licence in Singapore
The fintech is looking for a partner bank to do so.
Axinan and Sompo Indonesia team up
The acquisition aims to provide a digitised claims management infrastructure.
Bank of Mongolia picks Intellect’s Central Banking Solution
The central bank’s digital transformation is part of a national vision for the economy.
Top fintech stories this week – 21 June 2019
From JP Morgan’s secret UK digital bank project to MoneyGram and Ripple’s partnership.
CIMB Niaga and Liquid Group spearhead Singapore-Indonesia payments
Partnership follows successful trial at Changi Airport.
Active.AI scores $3m Series A funding
Banco Sabadell’s corporate venturing vehicle is supporting the AI start-up.
Swift calls for industry collaboration to improve FX efficiency
Greater automation and better use of standards would benefit the FX market.
Sparrow’s options trading platform takes flight
Trade options will be settled by smart contract.
FinMechanics eyes European expansion with Amsterdam office
FinMechanics is seeking additional implementation partners and initial Europe-based sites.
Temenos systems on the cloud support BMCE launch in China
BMCE Bank’s new operation in China for corporate banking and trade finance.
Mizuho understood to be rolling out Flexcube core banking tech
EXCLUSIVE: Oracle to modernise Mizuho’s corporate and commercial banking tech.
Indonesia launches QR code standards
To facilitate payments across the poorer businesses in the country.
First Marco Polo trade finance pilot between Asia and Europe
Bangkok Bank and Commerzbank test DLT-based trade finance solution.
Regtech ClauseMatch closes $2.5m venture debt funding with SVB
The money will fund further expansion into Europe and Asia.
Infosys to power GTB’s digital strategy in Myanmar
Understood to be replacing 3i Infotech’s Kastle core banking system.
UBX and Temenos to deliver inclusive digital banking to Philippines
The aim is to reach millions of people over the next five years.
Thailand’s KBank picks Instarem to power cross-border payments
Singapore-based Instarem will provide digital money transfers to select markets.
Tokyo calls for foreign fintechs to enter accelerator programme
Start-ups will be mentored by leading Japanese financial organisations.
Singapore-based challenger YouTrip scores $25.5m funding
It will use the funding for international expansion.
Hong Kong grants four more virtual bank licences
These banks will be launched by Ant Financial, Xiaomi, AMTD, Ping An, and Tencent.
Financial supermarket GoBear raises $80m
The fintech aims to tackle financial exclusion.
Sumitomo Mitsui Trust Bank takes Acumen to reside with Flexcube
Acumen is a common treasury solution alongside Oracle FSS’s Flexcube.
Video: fintech news weekly round-up – 30 April 2019
SoftBank invests in Wirecard, Tencent in Argentinian Uala, and other Visa news.
DIT pilots to support UK fintech international expansion
Two bridge pilot programmes with Australia and Hong Kong.
ALTO taps ACI for Indonesian alternative payments growth
ACI will provide its UP Retail Payments solution.
Sumitomo Mitsui Trust Bank turns to Oracle FSS for tech modernisation
EXCLUSIVE: SMTB is modernising its core, lending and payments tech for corporate banking in Japan and abroad.
Expensify integrates with Southeast Asia ride-sharing firm Grab
This includes Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia.
WorldRemit launches international transfers to UnionPay cards
It has been enabled by a partnership with Merchantrade.
SoftBank invests €900m in Wirecard for APAC push
Wirecard is struggling amidst fraud investigations.
Fukui migrates to IBM Cloud to meet digital banking demands
The bank wants to respond quickly to changing customer preferences.
Video: fintech news weekly round-up – 23 April 2019
Facebook, Stripe, and Europe’s biggest IPO.
QR payment firm Citcon raises $5m
Catering for the Chinese market.
Chainalysis targets APAC expansion with $36m Series B funding
Strategic investment from MUFG and Sozo Ventures.
Mastercard joins investment round for Singapore AI start-up AIDA
The company plans expansion into Japan and the Philippines.
Rapyd and OCBC offer Singapore’s first instant mobile payments solution
Partnership leverages national PayNow transfer service.
Human Plus releases crypto payment ecosystem HupayX
Standing up to big players like Mastercard and Visa.
