Bank Central Asia upgrades to digital payments with Intellect
Claims to be the first digital transaction banking solution implemented in Indonesia.
Asia Pacific
Stripe lives up to hype with $245m funding raise
US-based mobile payments provider now valued at $20 billion.
UK seeks Asian fintech ties post-Brexit
Economic secretary of the UK Treasury, Joh Glen, tours Asia.
Hackers steal $60m from Japanese crypto exchange Zaif
Owner Tech Bureau asks for $44.5m in financial assistance to deal with issues.
KGI Bank pioneers Taiwan’s first regulatory sandbox
In collaboration with Chunghwa Telecom.
Singapore unveils world’s first unified payment QR code
SGQR will be adopted by 27 payment schemes.
ASEAN Financial Innovation Network launches API exchange
A consortium led by Virtusa will develop and operate it.
VPBank launches lively new digital bank Yolo
Vietnamese bank targets younger generation with “unlimited connectivity” to lifestyle service providers.
Aviva turns digital insurance air Blue in Hong Kong
JV owned by Aviva, Hillhouse Capital, and Tencent.
SoftBank trials blockchain-based mobile payments
Teams with Synchronoss and TBCASoft for proof of concept.
Visionet and SmartPesa unleash Mobey payment service in Indonesia
Solution is designed for financial institutions and merchants.
Philippine Veterans Bank picks Fiserv front office for digital revamp
The bank is a long-standing user of Finastra’s tech in the back office.
HKMA receives 29 applications for virtual licences
Only ten might meet all requirements.
Rakuten acquires crypto exchange Everybody’s Bitcoin for $2.4m
Japanese e-commerce firm might get everybody talking.
Line launches cryptocurrency Link
Japanese firm says it will not make an initial coin offering.
Bangkok Bank calls for banging fintech start-ups
Bank is egged on by Nest to drive Thailand’s ecosystem.
Bank Simpanan Nasional to complete move to ICBS core system
Malaysian bank gets ready for phase two of major tech migration.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Terra firmly raises $32m funding for digital money ambitions
Plans to copy models of payment platforms like AliPay and PayPal.
Standard Chartered applies for HK virtual licence for new bank
The upcoming digital bank also got a new CEO.
Paytech Paidy sitting pretty with Visa investment
Japanese post-pay outfit goes public with Visa backing.
Singapore Exchange and regulator seek cross-DLT settlement
Developing delivery versus payment (DvP) capabilities.
Thailand plans to peak with central bank digital currency
R3 and its DLT platform Corda on call for Project Inthanon.
Indonesian lendtech KoinWorks collects $16.5m funding
Series A funding round led by Mandiri Capital.
Malaysian insurer TPM launches SmartPesa’s POS devices
Policy payments on the spot.
OCBC Bank unveils robo-investment service
Targeting “young and tech-savvy investors”.
ML instinct fuels Aberdeen Standard Investments’ new fund
It will use machine learning to identify sources of potential returns.
BTPN completes front office revamp with Diasoft’s Flextera
Retail bank in transformation throughout Indonesia.
Alipay unveils paperless tax refund service in South Korea
Aimed at Chinese tourists in the country.
SoftBank teams with ZhongAn for Asian insurtech impetus
Bank’s Vision Fund to help Chinese insurer’s overseas ambitions.
Cambodia Fintech Association launches
“Fintech start-ups are slowly but surely starting to surface in Cambodia.”
Temasek favouring fintech investment over US banks
Singapore-based firm sees it as a more profitable industry.
Industrial Bank goes live on Avaloq core banking system
Will be used for its Hong Kong branch’s private banking business.
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
Dynamics’ battery-powered cards hit Japan
Move comes via a partnership with GMO Aozora Net Bank in Tokyo.
CurrencyFair to buy Convoy Payments for Asia advance
All part of a €20 million investment plan.
China crypto company ACChain goes off the grid
A real China hustle.
Bangkok Port to go digital with e-payment system
New system set to launch on 1 September.
SoftBank mulls stake in insurtech wefox
Bank’s Vision Fund on the prowl again.
Prudential Singapore calls for fintech scale-ups
Second edition tackles mix of fintech, insurtech, healthtech and medtech.
