3 Reasons Asia Is the Perfect Incubator for Fintech Innovation
Fintech investments in Asia-Pacific reached $10.5 billion in 2016—the highest amount to date since 2010, according to CB Insights data. See what’s behind the boom and why it matters.
Asia Pacific
People on the Move: Shafi Shaikh, Mastercard
Mastercard has appointed Shafi Shaikh executive vice president, customer delivery, Asia-Pacific. Shaikh oversees customer support, product delivery and customer relationships.
Security Roundup: Fiserv, Intellicheck, InAuth
Retailer Target recently agreed to pay $18.5 million as part of a settlement with 47 states and the District of Columbia that stems from 2013 data breach. The news is a stark reminder of how costly and prolonged the process of recovering from a breach can be, which is why security continues to be at the forefront of payments news with three companies making significant announcements this week.
CIBC automates reg reporting in UK and APAC with Wolters Kluwer’s OneSumX
Canada’s banking group CIBC is implementing Wolters Kluwer’s OneSumX for regulatory reporting across its locations in the UK, Japan, Australia, Hong Kong and Singapore.
Finexus and Volante to build new RTGS system for Asia Pacific
Malaysia-based payments solutions provider Finexus is building a new real-time gross settlement (RTGS) platform for banks in Asia Pacific. It has partnered with Volante Technologies, which will provide the MT to MX message transition, via its flagship Volante Designer product.
Ripple joint-venture with SBI brings distributed ledger to Asia
Distributed ledger technology provider Ripple and Japanese financial services firm SBI Holdings have announced the creation of a joint partnership, which will expand Ripple into the Asian market. Ripple, which focuses on the using blockchain-like technology for payments, is based predominantly in San Francisco with presences in New York, London and Sydney. SBI is a US$28 […]
Carriers sink Asia-Middle East-Africa-Europe cable
Hong Kong-based carrier services firm PCCW Global has banded together with 16 other high profile international network operators, including China Unicom, Telecom Egypt, Etisalat and Ooredoo, to construct a high capacity submarine cable system between Asia, Africa and Europe.
BAML targets Asia Pacific treasury management
Bank of America Merrill Lynch has launched a treasury management reporting tool, CashPro Accelerate, in Asia Pacific.
Japan Exchange merger attracts algo trading specialists
As Asian markets continue to lure international investors, participants on Japan’s new Exchange will now be able to get market access and algorithmic trading tools from data and analytics company S&P Capital IQ, which has chosen to locate itself at KVH’s datacentre in Tokyo.
ConvergEx targets “dark” Asia Pacific capital markets
Western investment firms looking to trade in Asia Pacific should not rely on algorithms that have been ported from the US or Europe, according to William Capuzzi, president of trading technology company ConvergEx’s global execution business – instead, they should adopt dedicated tools built from the ground up.
