DBS launches e-CNY merchant collection solution in Mainland China
With the solution, corporate clients of DBS China will be able to collect payments from their customers in e-CNY.
With the solution, corporate clients of DBS China will be able to collect payments from their customers in e-CNY.
Tencent Cloud will deploy its database management system TDSQL, to help the bank manage data efficiently.
Financial authorities will work to bring about fair competition by allowing more players to enter the market.
The company’s co-founder Hann Liew confirmed his and Lucas Ooi’s decision this week.
El Dimachki will join BIS from the Financial Conduct Authority (FCA) in the UK.
The transaction is subject to regulatory approvals and is expected to close by the end of this year.
Stables’ CEO says the company wants to simplify stablecoin usage and drive its global adoption.
The MoU will help establish a joint working group on fintech between the two countries.
Founded in late 2021, Habitto has so far raised $7.3 million in funding.
Aspire says its results have set “a new industry standard of sustainable growth”.
Bessemer Venture Partners and 01Fintech joined UK hedge fund Marshall Wace in providing the cash.
The bank said it received a “high volume” of requests for a fast and inexpensive overseas remittance service.
Lord will be tasked with forging partnerships, business development and executing marketing strategies.
NomuPay plans to scale in its core markets and further invest in product development.
The mobile wallets include Alipay HK (Hong Kong SAR), Kakao Pay (South Korea), and Touch ‘n Go eWallet (Malaysia).
CreditX will enable Sathapana Bank to build “high quality” credit risk scorecards and accelerate client onboarding.
Existing investor Tencent also increased its stake to become Tyme’s third-largest stakeholder.
A total of 16 firms have been chosen from across the financial, payments and technology sectors to take part.
Launching end of 2023, the new digital bank aims to support the adoption of digital assets worldwide.
With the partnership, the bank aims to expand the footprint of its solution across Asia and other markets.
What is needed within a large bank to ensure a BaaS proposition can be conceived, deployed and nurtured?
With the new feature, Singapore customers and businesses can now buy and sell directly in WhatsApp chats.
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
Based out of China, Richard Turrin has a ringside seat on how China is transforming into a cashless society.
The Malaysian payments platform plans to boost its global expansion and further develop its tech.
Also taking part in the round was existing investor Sumitomo Mitsui Trust Bank.
Both firms say dissolution and liquidation proceedings of the mobile bank project will now go ahead.
Vemanti will deploy Finastra’s Fusion Essence solution, with plans to launch initially in Vietnam.
OKX sees “immense potential” in Hong Kong and is committed to building out the local ecosystem.
The funding was disclosed in a recent filing with Singapore’s Accounting and Corporate Regulatory Authority.
The Thailand-based wealth management firm will deploy the Swiss vendor’s Temenos Wealth solution.
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
Carroll says he will instead take up a position on the company’s board.
This is the first OpenWay installation of its Way4 platform on Oracle Cloud in Southeast Asia.
Livi Business offers SMEs and entrepreneurs access to “fast, simple and personalised” financial services.
ACI’s enterprise payments platform will modernise the bank’s payments infrastructure.
Bank BTPN says the partnership with Surecomp means “we can future-proof our trade finance business”.
The round was led by Pivot Investment Partners and UBS via its venture arm UBS Next.