Thailand’s Kasikornbank selects Avaloq core banking system
The project will be Avaloq’s first in the country.
Asia Pacific
Instarem teams with Ripple for Southeast Asia payouts
Instarem to offer payouts for Ripple’s enterprise blockchain network members.
Japan Exchange Group goes live on Cinnober’s clearing and risk solutions
Launches new clearing system for exchange traded derivatives, based on Cinnober’s tech.
Revolut uses GPS for FX app launch in APAC
Starting with New Zealand, Singapore and Japan.
SpherePay and TrueChain plan to bring cryptocurrencies into real-life transactions
Singapore-based mobile payment firm teams up with Chinese blockchain company.
Vietcombank in lendtech revamp with ACP
Axe Finance’s Axe Credit Portal to modernise wholesale lending tech at Vietcombank (VCB).
Infographic: who is ready for Open Banking in Asia?
IDC Financial Insights maps the readiness for Open Banking among Asia, Asia Pacific and Australasia markets in 2018.
Singapore’s FinLab unveils SME accelerator programme
Four-month programme will start in March and eight places are up for grabs.
MUFG teams with iAPPS for Southeast Asia push
Looking at cross-border payments and settlements.
Techmill and Temenos to deploy new core banking system at CHDB
Myanmar-based bank replacing legacy system with Temenos’ T24.
Singapore regulator gives customer onboarding guidance
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
New go-lives and clients for core banking tech vendor BML Istisharat
BLC Bank has ousted Ambit Treasury Management in favour of BML Istisharat’s ICBS.
Ripple powers LianLian’s payments to China
Hong Kong-based money service will use xCurrent blockchain solution.
Standard Chartered signs for Moneythor’s digital banking toolkit
The project is in line with Standard Chartered’s objective to be “the digital bank with a human touch”.
Myanmar Citizens Banks signs for Temenos’ T24 core banking system
The implementation partner is India-based Techmill Technologies.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Alibaba acquires 33% stake in Ant Financial affiliate for fintech fuel
Looking to “participate in the future growth” of the fintech sector.
Moven lands investment from SBI, ponders bank acquisition
SBI and Moven to set up a joint venture to bring the latter’s tech to Asia and Asia Pacific.
Alibaba Cloud brings big data programme to Malaysia
To get experts to collaborate and compete in developing tech solutions.
Softbank seeks to steal PayPal’s plunder
A rival digital payments system?
Infographic: the future of identity
Nifty infographic based on the IBM Security Future of Identity Study.
Hackers steal $534m from Coincheck cryptocurrency exchange
But it will compensate more than $423 million to 260,000 users who lost out.
LenddoEFL psychometric scoring solution launches in Vietnam
Entrepreneurial Finance Lab has furthered its reach across Asia.
eCurrency Mint and Rizal to launch digital cash in Philippines
Plan to make it available by Q2 this year.
NTT-AT to distribute Trusona ID tech in Japan
Will offer Trusona’s password-less login solution to its enterprise customers across the nation.
Yusen Logistics favours Fiorano for digital revamp
The integration backbone for all inbound and outbound client traffic in Singapore.
Fintech funding round-up: 23 January 2018
From London to Asia. Stars Anorak Technologies, Funding Societies and Mekar.
Standard Chartered creates fintech investment unit
New adventures beckon as SC Ventures plans to invest in fintechs and other start-ups.
JCB tests multipurpose biometric authentication
in collaboration with Universal Robot and the National Institute of Advanced Industrial Science and Technology.
Union Mobile Financial Technology partners with transaction controls specialist Tranwall
Transaction control technology is headed to card and account holders in China, courtesy of UMF and Tranwall.
TransferTo adds digital wallet to payments network via Cellum partnership
Cellum will offer money transfers via TransferTo’s cross-border mobile payments network.
Schroders first in Singapore to launch asset manager chatbot
Beta version now online operating through Facebook Messenger.
AWS opens second cloud region in China
Amazon Web Services now plans to open its second cloud computing region in China.
Google shows love for AI with new centre in China
Google has unveiled an AI centre in China as it searches out humans with ML talent.
PR Savings Bank in core banking tech revamp with Temenos T24
Philippine Resources Savings Banking Corporation is implementing Temenos’ T24 core banking and analytics solutions.
Cryptocurrency start-up Telcoin courts mobile finance firms
Looking to ride the wave of interest in cryptocurrencies, Telcoin is also hoping to raise funds from an ICO.
Singapore insurtech firm Etiqa nets deals with Ministry of Finance and DBS Bank
First insurer to integrate with MyInfo, a digital data vault launched by the GovTech and the Ministry of Finance.
Payoneer lands funding from China Broadband Capital
Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.
Concur launches e-receipt solution for WeChat
Business expense management firm Concur has introduced a new receipt solution, integrated with China’s WeChat platform, that makes it easier for businesses and their employees working in China to track expenses and remain compliant, reports David Penn at Finovate (Banking Technology’s sister company). The technology, Concur e-Fapiao (it means “e-receipt”), gives employers real-time access to an employee’s […]
East vs. East: a comparison of regional fintech trends
With our newest conferences – FinovateAsia and FinovateMiddleEast – back-to-back, we wanted to examine unique trends to those regions, reports Julie Muhn at Finovate (Banking Technology’s sister company). Each place has its own distinctive culture, and with that comes not only individual financial needs, but also a particular set of regulatory rules. These factors not only create […]
