Asia Pacific Archives - Page 3 of 34 - FinTech Futures

Asia Pacific

Sibos 2020: CBDCs must compensate for Big Tech failures

“Those in the private sector definitely have their own lifecycle,” says PBOC.

Blockchain coming to Thailand

Bank of Thailand launches “world’s first” blockchain platform for bond issuance

IBM acted as a technology partner with its IBM Cloud.

Sibos 2020: Industry has widespread “dissatisfaction” with transaction monitoring

Costs, compliance and confusion need to be solved by new technology, says panel.

Japan’s NEC buys Swiss core banking firm Avaloq in $2.2bn deal

Major investor Warburg Pincus currently owns 45% of Avaloq.

Sibos 2020: Chinese central bank processes CBDC worth $162m in 2020

Some 113,300 personal digital wallets have been opened.

Sibos 2020: Banking Circle launches POBO and COBO payments transparency solutions

The solutions are available globally through Swift, Faster Payments, CHAPS, SEPA and local clearing.

Does Europe really need its own Big Tech?

Almost a third of consumers find the idea of banking with a Big Tech appealing.

Tokyo Stock Exchange grinds to a halt in worst outage for 21 years

A hardware issue caused trading to cease for an entire day.

Wirecard operations cease in Singapore, MAS slaps down more charges

Wirecard SG needs to return all customer funds within the next two weeks.

Swift launches project for “brilliantly simple” SME cross-border payments

The messaging and infrastructure network makes next step in new strategy.

Airwallex adds $40m to Series D round, hits $200m raised for 2020

Aussie-founded fintech plans to use cash to expand into new markets.

Bank of Ayudhya goes live on Murex MX.3 technology

Thai bank aims to revamp front, back, and risk technology.

Standard Chartered launches Mox Bank in Hong Kong

The virtual bank uses Thought Machine’s core banking system.

Destination public cloud

It is estimated that global public cloud revenues will grow by about 17% this year.

FinovateFall 2020: Customer trust will test the new digital normal

Panel wonders if consumers will stick with digital solutions post-pandemic.

Emirates NBD deploys new payments hub with TCS Bancs

The UAE bank goes live on TCS Bancs after kicking off the project in 2019.

Hong Kong virtual bank Livi picks Wolters Kluwer for regulatory reporting

New bank wants OneSumX to cover its compliance.

Thunes raises $60m in Series B round to power network expansion

Thunes plans to extend its reach in Asia, Africa, and Latin America.

TPBank revamps back office technology with Backbase

Vietnamese bank launches new products in nine months.

Money laundering image

Regulators’ “fast and furious” AML fines don’t tell the whole compliance story

FinTech Futures speaks to Fenergo’s Rachel Woolley about the rise in penalties.

Grab in talks for $300-500m AIA & Prudential investment

The up-to-$500-million target is to be spread over a number of rounds.

TrueMoney partners with Thunes to activate global remittances

Thunes claims to work with partners in more than 100 countries.

Banking Technology September issue out now

Tipping point: Google vs Oracle showdown.

NextPay signals intent to fuel expansion with $100m raise

The Vietnamese payments firm is the first in its country to announce an IPO.

HKEX appoints Credit Suisse’s Richard Wise as new CRO

Wise steps in to replace John Killian, who retires from the role.

To win the battle of banking, you need a digital war room

Here, banks can get visibility into every single process in their business as they actually behave.

RTGS Global kicks into gear to disrupt correspondent banking

RTGS has built its system on Microsoft Azure.

Philippines central bank to publish digital bank framework this month

A basic digital bank will require a minimum capitalisation of $8.2 million.

Singapore fintech GoBear lays off 11% of workforce

The fintech landed $17 million in May,

Citigroup first US bank to snag Chinese custody licence

Citi China can now open up custodian banking services.

Singapore’s cross-border transfer fintech Nium lands EMI in UK

Nium evolved from a consumer remittance service to a B2B offering.

Singapore fintech Atlantis enters India with challenger Neo

Atlantis believes market adoption in India will be particularly successful.

Viva Republica raises $173m for “one-stop” financial app

The tech company plans to diversify financial market in South Korea

Singapore firm Razer reveals overseas digital bank plans

“With a digital bank, being more nimble, we want to build a global business”.

China’s wealthiest turn to crypto to transfer $50bn in assets abroad

Stablecoin Tether has accounted for 93% of stablecoin usage across East Asia in recent years.

The great asset servicing cloud migration and its implications

Cloud migration requires a considerable initial spend and some are simply not yet ready to commit.

VPBank revamps treasury systems with Finastra

Vietnamese bank partitions treasury ops from main core banking system.

ROSCA: Is there a potential for entering developed markets?

It matches the needs of rural households thanks to its simplicity and informal understanding.

CredoLab raises $7m in Serie A funding

Singapore fintech plans product expansion with new funding.

Standard Chartered Korea brings banking to consumers’ keyboards

“Banks must weave their services into customers’ digital lives”.

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