UK’s Southeast Financial Services unveils SmartRemit app for Bangladeshi expats
London-based subsidiary of Bangladesh’s Southeast Bank rolls out beta version.
Asia
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.
Temenos snaps up India’s hTrunk for greater big data
Vendor expects to see integrations into T24 Transact and Infinity.
TerraPay takes cross-border payments to Sri Lanka
In partnership with Pan Asia Bank.
Kazakhstan’s Halyk Bank gets Fiserv cash management tech
Meeting the needs of a cash society in Central Asia.
Reliance Realty makes Indian fintech centre a reality
Real estate company plans new hub in Navi Mumbai.
India’s Federal Bank launches open banking platform
APIs include fund transfers, smart collections and UPI payments.
Reserve Bank of India fines three banks for compliance fails
Axis, UCO and Syndicate Bank found to be at fault.
Maldives Monetary Authority calls for payment project tenders
Revamp on the way as MMA issues a request for information.
Swift supports Bangladesh Bank network rebuild after 2016 cyberattack
They seem to have got over their quarrel about who was to blame.
Finca Impact Finance Tajikistan in new core banking system search
Finca Impact Finance Tajikistan looks to replace Oracle FSS’s Flexcube with new tech.
Judgement day arrives for payments in India
Nation gets ombudsman to help with users’ complaints.
State Bank of India’s customers exposed in data leakage
The bank has now secured the unprotected server.
Personal finance app Fintify gets FCA approval
Can now operate as a registered account information service provider.
CreditVidya receives $3m funding to develop credit score tech
It aims to expand throughout various industries in India.
Indian banks unveil blockchain-linked funding for SMEs
The 11 lenders include ICICI, Axis, Yes Bank and Standard Chartered.
BBVA Groww-s investment app via $6m funding round
Bank’s Propel Venture Partners one of the backers for Indian firm.
Case study: Isbank and FCase – fraud orchestration overhaul
Isbank, Turkey’s largest bank, drastically reduced fraud and future-proofed fraud operations with FCase.
Two keys protecting the privacy of the underbanked in Asia
Functionality and security are two ideals that should go hand-in-hand.
Video: fintech news weekly round-up – 14 January 2019
Featuring N26, RBS and Loot, Google in Ireland, and Alipay in Pakistan.
Orowealth acquires wealthtech app Wealthtrust
Indian direct mutual fund seeks expansion.
Alipay powers Pakistan’s “first” blockchain-based cross-border remittance service
Service provided by Telenor Microfinance Bank and Valyou.
Initiatives by India’s government to boost fintech
The fintech space in India has seen an exponential growth over a few years.
Top ten fintech opinion pieces in 2018
Great minds share their views and ideas on all things fintech.
Clinc and Isbank unleash AI-powered app in Turkey
“Maxi” is designed for the Turkish bank’s six million customers.
Obopay launches prepaid cards with Mastercard in India
For both consumers and businesses across the nation.
Mayapada Group taps Pohon Dana for lending in Indonesia
Conglomerate pushes into fintech via investment.
Lending platform JUMO gets $12.5m funding
Takes total raised in excess of $103 million.
UNICEF fuels SME funding for emerging markets
Its innovation fund gives Atix Labs some support for good causes.
Reserve Bank of India’s governor quits for personal reasons
Tensions with the finance ministry are rumoured to lie behind the departure.
India’s FinXtree fires up for fresh fintech products
Plans to develop digital products for lending and blockchain solutions.
HDFC Bank’s app upgrade goes sour
The app simply didn’t work at launch.
WorldRemit and Brac on track for Bangladesh payments
New partnership allows bank and mobile money transfers to the country.
IndusInd Bank buttons up with interactive credit card
Indian bank gets pushy with three payment options on one card.
Fenbushi’s Dispatch-ed for blockchain building in Asia
San Francisco-based Dispatch offers DLT app creation.
No fun for Yes Bank over forced CEO exit
Three board members resign in India.
Swift India all MonetaGo for banking on blockchain
Pilot programme kicks off.
Visa making a stand in India with BillDesk investment
As it faces fierce local competition.
Bangladeshi lendtech ShopUp receives $1.62m investment
Automating online credit assessment for MSMEs.
Meniga gains foothold in Southeast Asia with UOB deal
Meniga’s tech to help UOB’s customers “keep track in real time of their savings and expenses more easily and clearly”.
