Asia

Payments Platform Nium Teams Up with Neobank Aspire to Enable Google Pay

Singapore-based payments platform Nium has partnered with Aspire, a neobank for businesses, in order to enable payments with Google Pay. Aspire claims that it’s the first business neobank to launch in Southeast Asia. The company announced its plans to go “plastic-less” by issuing corporate Visa… Read More

Reserve Bank of India Releases New Cybersecurity Report which Outlines the Technology Vision for Local Banks

The Reserve Bank of India (RBI) has released a new report, titled “Technology Vision for Cybersecurity for Urban Co-operative Banks – 2020-2023.” The RBI notes that the document makes recommendations or suggestions on how to improve the nation’s cybersecurity infrastructure of its urban co-operative banking… Read More

Saudi Arabia Monetary Authority to Award More Fintech related Licenses, as Number of Digital Transactions Continue to Rise

The Middle Eastern country of Saudi Arabia has become a more active player in the global economy as it focuses on diversifying its economy. The Saudi government and local businesses have been adopting the latest technologies to streamline operations. The MENA region country has also… Read More

Fintech Lenders in Indonesia to Support Government with Disbursing Loans to SMEs as Part of COVID Relief Effort

Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI), which is an association of 156 Fintech lenders, is reportedly planning to work cooperatively with the Indonesian government to distribute funds that are meant to offset the economic problems and challenges created due to COVID-19. As of September 2020,… Read More

Michele Tucci from Fintech CredoLab Shares Strategy to Help US Lenders with Surviving COVID-19 Crisis

Michele Tucci, Chief Product Officer at CredoLab, a Fintech firm that’s focused on driving better credit decisions with the help of its platform, explains that his company has a strategy that may help US lenders with coming out of the COVID-19 pandemic “stronger than before.”… Read More

South Korea’s ICONLOOP’s VisitMe, an Electronic Guestbook QR Service that Digitizes Visitor Logs, has 100,000+ Users

Markus Jun, founder and CEO of ICON’s Accelerator Partner and Seoul Launchpad of ICXStation, HyperConnector (online accelerator for the ICON ecosystem), recently confirmed that ICONLOOP‘s VisitMe has surpassed 100,000 users and more than 1,000 sites are now using the service. Jun noted that these sites… Read More

Fintech Firms are Being Denied Entry into Israeli Markets by Banks, the Competition Authority Claims

The Israel Competition Authority, which is tasked with maintaining and promoting competition in the nation’s economy, has released a report in which it notes that traditional banks think Fintech firms are their rivals and are attempting to block or prevent their entry into the Israeli… Read More

Singapore Fintech YouTrip Co-Founder Caecilia Chu Recognized as Top 25 Financial Technology CEOs of Asia for 2020

Caecilia Chu, CEO and Co-Founder of YouTrip, a multi-currency mobile wallet provider from Singapore, has been recognized as one the “Top 25 Fintech CEOs of Asia for 2020” and also the “Top 25 Women Leaders in Fintech” by The Financial Technology Report. As mentioned in… Read More

Canada: Payments Tech Firm FSS to Help Modernize Everlink’s Card Operations

Payments tech firm FSS (Financial Software and Systems) is helping Everlink Payment Services Inc., a payments solutions working with Canadian credit unions, banks, and SMEs, modernize its card operations to support its future growth plans. According to a release, the FSS solution was chosen as… Read More

Israel based Fintech Fintica Teams Up with UAE-headquartered CEO of Barker and Booth

Mohammed Al Beloushi, CEO at Barker and Booth Commercial Agency LLC, has confirmed that his company will make a strategic investment into the operations of Israel-based Fintech firm Fintica AI LLC, a deal made after the signing of the Abraham Accords – which is the… Read More

Mastercard Teams Up with Pakistan’s Silk Bank to Promote Credit Card and Digital Payments Adoption

Payments technology giant MasterCard has teamed up with Pakistan-based Silk bank to expand credit card issuance options in the country. This could help increase the purchasing power of local residents and promote digital payment adoption as well. Through the partnership, Silk Bank customers in Pakistan… Read More

Standard Chartered Launches Virtual Bank “Mox” in Hong Kong

  UK banking group Standard Chartered Bank announced on Tuesday it has officially launched its virtual bank “Mox” in Hong Kong. According to Standard Chartered, Mox was created in partnership with PCCW, HKT, and Trip.com, which provides its suite of retail banking services entirely digitally… Read More

India’s National Security Adviser Warns that Fraudulent Activities have Increased as More Consumers are Conducting Online Payments

Ajit Doval, the National Security Adviser (NSA) to the Prime Minister of India, recently warned that financial crime and fraudulent activities have increased significantly and could continue to rise, because more consumers are conducting transactions online following the COVID-19 outbreak. Doval said that the country… Read More

Digital Assets Exchange OKEx Now Offering Trading Product Suite For Uniswap’s UNI

Digital assets exchange OKEx announced on Friday it is offering a full suite of trading products for Uniswap’s UNI. The platform reported that the products will include margin, swap trading, coin-margined perpetual swap, and savings. It will also offer zero transaction fees in UNIUSD perpetual… Read More

Reserve Bank of the Philippines to Continue Working on its Central Bank Digital Currency which Might Streamline Financial Services

Benjamin Diokno, the Governor of the Reserve Bank of the Philippines, recently noted that the underlying technology behind digital tokens may streamline or enhance existing financial services. The nation’s central bank is looking into the feasibility of issuing its own virtual currency. Diokno believes that… Read More

China CITIC Bank International to Use Refinitiv Electronic Trading Platform to Streamline FX Workflow

Refinitiv, one of the largest providers of financial markets data and infrastructure, has revealed that China CITIC Bank International will be using the Refinitiv Electronic Trading platform to streamline its foreign exchange (FX) trading and distribution workflow. Banks and other financial service providers are looking… Read More

Ethis Group Launches First Fully Shariah-Compliant Equity Crowdfunding Platform in Malaysia

Ethis Group has launched the first fully Shariah-compliant equity crowdfunding platform in Malaysia, according to a note from the company. Ethis already operates in Indonesia with another platform planned to commence soon in Dubai. The announcement of the launch was made during Islamic Fintech Week… Read More

World’s “Smartest” Cities: Singapore, Helsinki, Zurich, According to Smart City Index Report for 2020

Singapore, Helsinki (in Finland) and Zurich (in Switzerland) have been named as the world’s “smartest” cities during this year. They’ve managed to outperform other major European and global financial hubs, according to the Smart City Index Report for 2020. Geneva is another Swiss city that… Read More

Majority of Pakistani Consumers to Make Digital Payments for Online Purchases, Instead of Visiting Physical Stores, Even After COVID: Survey

Visa (NYSE: V), the global leader in digital payments, recently published the results of its survey which aimed to assess the impact of COVID-19 on consumer behavior in Pakistan. Visa’s Stay Secure survey reveals Pakistani consumers’ general views about conducting digital transactions, their preferences and… Read More

Decentralization May Not be Considered Core Value of Blockchain Tech, Harriot Cao from IRIS Foundation Argues

Harriet Cao, co-founder at the IRIS Foundation, an organization that supports the ongoing development of IRISnet, a platform that serves as an interchain service hub for next-generation distributed applications, says that China’s Blockchain Service Network (BSN) is a “relevant step” forward when it comes adopting… Read More

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