Fun days for insurtech start-up Sunday with $10m funding
Malaysia, Indonesia and Singapore are the next stops for the Thai firm.
Asia Pacific
Ping An plans $8bn IPO of fintech subsidiary
Insurtech postponed IPO of OneConnect last year due to stock-market unrest.
CMB Wing Lung Bank live with new custody banking tech from GBST
CMB Wing Lung Bank is live with a new back-office solution for its custody business, GBST’s Syn~Ops Custody.
Top fintech stories this week – 22 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Ping An pushes into Indonesia’s fintech space
Its subsidiary OneConnect plans to offer AI, blockchain and biometrics.
Hong Kong Exchange buys into Shenzhen fintech
HKEX looking to boost its financial markets tech capabilities.
Japan’s fintech boosted by nonbank money transfers
The Financial Services Agency will grant licences for a more competitive nation.
Spirited Seoul plans $1bn spend on fintech start-ups
Seoul Innovation Growth Fund seeks to boost sector.
PayPal to close offices in Malaysia
All PayPal Malaysia employees will be affected by this closure.
TMRW dawns as UOB’s digital bank will debut in Thailand
New entity is designed for “mobile savvy” millennials.
Blockchain Exchange Alliance preps tech for payments push
With a heavy emphasis on partnerships and acquisitions.
MUFG and Akamai unleash blockchain-based payment network
New joint venture called the Global Open Network.
Visa plans innovation centre in South Korea
Payments firm confirms that preparations are “in the works”.
StanChart seeks supply chain finesse with Linklogis
Bank will use firm’s digital blockchain for clients in China.
Barclays and Ripple back SendFriend’s $1.7m funding
Philippine paytech finds lots of friends as it readies for US launch.
Wirecard reveals investigation into accounting allegations
The firm had previously called reports “inaccurate, misleading and defamatory”.
CUBE wins MetLife Insurance regtech project
A small-sized pilot project that could lead to a major win.
Digicro pulls in $300k funding for mobile microfinance in Cambodia
Round led by Japanese firm Showcase Capital.
Philippines brings in new rules on crypto assets
Another regulator gets tough on this rather special sector.
WorldFirst closes US operations to save Ant Financial deal
UK currency exchange doesn’t want the acquisition derailed by regulators.
China plots Nasdaq-style tech board
China Securities Regulatory Commission outlines its ideas.
Singapore regulator warns of national cryptocurrency scam
Websites falsely claim that Singapore is adopting a cryptocurrency as its official coin.
R3 and SBI team up to push Corda in Japan
A new joint venture for blockchain rises in the east.
Infinito blockchain platform is one stop show
All-in-one and designed for businesses and developers.
Mizuho makes move on Chinese fintech start-ups
Signs MoU with Zhongguancun Development Group for fresh talent.
Tencent-backed WeBank eyes Australian expansion
Chinese digital bank is applying for trademarks Down Under.
South Korean crypto exchanges unleash AML initiative
Bithumb, Coinone, Korbit, and Upbit wake up to the threats.
DBS chief innovation officer Neal Cross leaves for fintech start-up
Calls time on five lively years and moves to PictureWealth.
IBM bags $260m banking tech deal in Philippines
Bank of the Philippine Islands speeds up its digital revamp plans.
Atom crypto exchange readies for Hong Kong launch
AAX will be powered by tech from London Stock Exchange Group.
SBI fuels $15m funding in Tangem’s blockchain smart cards
Swiss firm plans to “bring blockchain to people’s everyday life”.
China bosses blockchain and AI patents
Research by UHY reveals that Chinese companies filed 32% of all global blockchain patents in 2017.
Citi tests out TCS Bancs for core system revamp
EXCLUSIVE. The bank is testing the platform in Singapore.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
SBI and Wefox unleash new Asian insurtech
Shake-up planned as SBI Wefox Asia enters the insurance market.
South Korea all clear for fintech sandbox
Nation’s Financial Services Commission pushes industry onward.
UnionBank in Philippines sets up first digital branch with Appian tech
Offers internet-connected self-service kiosks and virtual reality boxes.
ZhongAn and Grab clutch at SE Asia’s digital insurance market
Their joint venture will distribute products via Grab’s app.
Two keys protecting the privacy of the underbanked in Asia
Functionality and security are two ideals that should go hand-in-hand.
Citi partners with MoneyBack for customer rewards
Do any of these niche APIs partnerships see much use?
