Financial Technology
QR codes, ISO 20022 fuel SEA's cross-border payments growth
It has pushed stakeholders to build a pan-regional real-time payments ecosystem.
Thai fintech SYNQA raises $80m in series C funding round
SCB 10X and SPARX Group led the funding round.
Bank transfers, digital wallets spur Hong Kong's e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
Visa commits aid to 10 million SMEs in Asia Pacific
It is part of an initiative to support 50 million small businesses worldwide.
Missing Wirecard money not in the Philippine banking system
Lenders BDO and BPI have denied their involvement in the scandal.
Investments flood Singapore fintechs in April, May after quiet Q1
Total equity funding reached a record-high US$331m.
Majority in Indonesia, Philippines and Vietnam to transact digitally by 2021
Faster funds transfer can add up to 0.5% in GDP growth for SEA.
AMTD, Xiaomi, SMU and NUS launch digital finance leadership programme
AMTD and Xiaomi will contribute $5m to support the programme.
Singapore FinTech Association pilots self-assessment tool
It will help fintechs accelerate ventures with financial institutions.
Do fintechs need better marketing communications?
Singapore alone houses hundreds of fintech companies, ramping up competition.
MAS launches $1.75m global fintech innovation challenge
It comprises the MAS FinTech Awards and the Global FinTech Hackcelerator.
Almost three-fifths of Singaporeans use mobile payments
62% expect that their mobile payment usage will increase next year.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
Weekly Global News Wrap: UBS to inject millions into fintechs; Deutsche Bank chair to bow out after 2022
And two Canadian banks post better than expected results despite profit declines.
How CredoLab reduces banks' credit risks through smartphone metadata
The platform generates a credit scorecard in just one second, based on 1.3 million features from opt-in smartphone metadata.
Less than 20% of Hong Kong adults ‘understand' fintech apps: survey
The majority of the city use such apps for personal finance.
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1. Public Bank's LPI Capital purchase may boost earnings, ROE 2. Airwallex Capital launches Airwallex Yield for asset management 3. Citi, Mastercard launch global cross-border payments 4. Why Philippine banks, insurers embrace hyper-personalized services 5. Hong Kong to rename ‘virtual banks’ to ‘digital banks’Resource Center
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Breaking barriers: Building the future of cross border payments in Southeast Asia
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