09/10/2019
India's Yes Bank nears deal to sell stake to tech firm - CEO
The board has given India’s fourth largest private lender the go ahead to raise more growth capital.
FinTech
09/10/2019
Malaysia Association Joins APAC RegTech Network
The admission of the Fintech Association of Malaysia was announced at the Fin/SUM Fintech and RegTech Summit in Tokyo on Friday
09/09/2019
New initiative helps payment firms easily access specialised legal services to meet compliance needs
Instead of relying on informal referrals, PREP provides payment firms with a streamlined process to gain access to lawyers specialising in payment services regulations to meet their compliance needs.
09/09/2019
Customer experience a big challenge
A major challenge for digital banks to value-add has been the customer experience conundrum.
09/06/2019
Wirecard collaborates with Mizuho for global expansion
The supplier states that the collaboration is expected to complement Mizuho’s service offering with the launch of a corporate payout solution.
09/06/2019
A tiny Pacific island nation is about to issue its own cryptocurrency
Governments across the world are wrestling with whether they should issue sovereign currency in digital form.
09/05/2019
Bangkok Tops Mastercard’s Global Destination Cities Index For The Fourth Consecutive Year
With a Decade of Destination Insights, Mastercard Shows the Dramatic Rise in International Travel—and the Particular Growth of the Asia-Pacific Region
09/05/2019
Exiger Wins Central Banking Award for Best Anti-Money Laundering Technology Provider
Honored for Furthering Central Banking Mission and Combating Financial Crime
09/05/2019
Korea Eases Fintech Investment Rules for Financial Firms
Financial firms will also not have to face inspections and penalties for failed investments in fintech, unless the losses arising from such failures are intentional or related to gross negligence.
09/04/2019
Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate
Undeterred by regulatory uncertainty and an onerous banking ban, five crypto exchanges in India revealed their new projects last week.
09/04/2019
Four Japanese Banks Invest in Ripple-powered SBI App
xCurrent can handle fiat and cryptocurrencies, including Ripple’s XRP cryptocurrency.
09/04/2019
HSBC Completes First Blockchain Letter of Credit Transaction in Yuan
The blockchain platform ostensibly enabled the parties to exchange electronic documents in 24 hours instead of the regular five to 10 days required for traditional document exchanges.
09/04/2019
B-North selects Mambu for core banking
This new platform will allow B-North to process loans at speed and deliver a highly efficient, “minimum hassle” service to its SME customers.
09/04/2019
London-Based Open Banking Platform Raises US$ 10 Million, Expands to Singapore
Railsbank’s new office in Singapore will act as a gateway in Southeast Asia and beyond.
09/03/2019
Maybank Kim Eng selects Iress
Iress, an ASX-listed, global provider of software to the financial services industry, has offices in Singapore and has been working with clients across Asia since 2010.
09/03/2019
Paytm Money to invest INR 2.5 bn to expand its Wealth Management business.
The company has got required regulatory approvals for the same and has elevated its whole-time Director Pravin Jadhav to Managing Director and Chief Executive Officer.
09/03/2019
DBS launches hybrid robo-advisor
The only bank in Singapore to provide an inhouse robo investment solution; also makes available a portfolio of SGX-listed ETFs to investors for the first time
09/03/2019
South Korean banking giants form ‘Technology and Service Alliance’ with blockchain firms: Report
The project sees participation from 14 domestic banks including Shinhan, Woori, KB Kookmin Bank, and KEB Hana, among others.
09/02/2019
Explainer: What’s the big deal about digital banks?
Digital full banks will be allowed to take deposits from retail customers, while digital wholesale banks will generally cater to small- and medium-sized enterprises and other non-retail segments.
09/01/2019
MAS Invites Applications for New Digital Bank Licences
This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS