Asia

Bank Muamalat in Malaysia Adopts Google Cloud Infrastructure to Enable Digital Islamic Banking Services

Bank Muamalat Malaysia Berhad (Bank Muamalat) announced a multi-year collaboration with Google Cloud to accelerate its transformation into a leading digital Islamic bank. This collaboration aims to leverage Google Cloud’s integrated capabilities in modern infrastructure, data analytics, security, and generative AI (gen AI) to “deliver… Read More

Digital Assets Firm OKX Obtains In-Principle Approval for Major Payment Institution License from MAS

OKX has reportedly secured an in-principle approval for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). OKX claims that it is “among the most trusted crypto platforms in the world.” OKX‘s management notes that millions of customers feel safe accessing… Read More

Ben Roth from Auros Shares Insights on Connecting the Fragmented Ecosystem of Liquidity in the Age of Stablecoins, ETFs

  Do we need to brace ourselves for liquidity strains? Liquidity dried up in 2022, and while analysts expect the 2024 BTC ETF approval will help boost trading volumes, the truth is that the ‘Alameda Gap’ remains, according to Ben Roth from Auros. Even as… Read More

Animoca Brands, the Digital Property Rights Firm for Open Metaverse, to Advance Web3 Ecosystem in Saudi Arabia

Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, announced that it has entered into a Memorandum of Understanding (MOU) with King Abdulaziz City for Science and Technology (KACST) to collaborate to advance the Web3 and gaming ecosystem in the… Read More

Jada Fund of Fun​ds in Saudi Arabia Announces Investment in Venture Debt, Private Credit Space in Partners for Growth VII

Jada Fund of Fun​ds has announced its first investment in Venture Debt and second in the private credit space in Partners for Growth VII, managed by global private credit manager Partners for Growth, “with SAR 3.75 billion (USD 1 billion) in assets under management, to… Read More

Matsui Securities Leverages Broadridge’s Post Trade Solution to Enable Stock Lending Efficiency

Matsui Securities Co., Ltd., one of Japan’s online securities brokers, has selected global Fintech Broadridge Financial Solutions, Inc.’s (NYSE:BR) cloud based SaaS post-trade processing solution to drive operational efficiency in its stock lending business. System integrator Intelligent Wave will “develop the front office component and… Read More

South Korea’s JB Financial Group Acquires Stake in Vietnamese Investing App Infina

JB Financial Group announced plans to acquire a minority stake in Vietnamese retail investing application Infina, marking a strategic move to bolster the customer base of its securities affiliate in the fast-growing Southeast Asian market. Under the terms of the strategic partnership, JB Financial will… Read More

Philippines: PLDT Launches Digital Payments Platform Digico

Philippine-listed network provider PLDT Inc. has announced the launch of Digico, a new digital venture created to harness the extensive data assets of the MVP Group of Companies. This initiative marks a significant move towards accelerating digital transformation and opening up new growth and value… Read More

GetVantage, India’s Alternative Financing Platform, Introduces Rise-Up Fund to Support Women Entrepreneurs

GetVantage, India’s alternative-financing fintech platform, announced the launch of its Rise-Up Fund, dedicated to supporting women entrepreneurs with inclusive capital. This non-dilutive fund with an initial corpus of $12 million. The fund aims to deploy the capital in “the next 12 months to help over… Read More

UK Fintech Currencycloud Obtains In-Principle Approval for Major Payment Institution License Holder from MAS

Currencycloud, a Visa solution and the specialists in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to “provide a full suite… Read More

Core Foundation Announces New Fund to Support India’s dApp Ecosystem via Bitcoin-secured Blockchain

Core Foundation announced a $5 million Innovation Fund to advance India’s decentralized application ecosystem on Core Chain, the Bitcoin-secured and EVM-compatible blockchain. This fund aims to empower Web3 communities, enhance education, and provide vital support to founders and builders throughout India. Shivangi Pandey, Core Contributor,… Read More

Philippines: Bank Lending Accelerates, Driven by Major Industries and Consumer Credit

Philippine bank lending in January 2024 surged by 7.8 percent compared to the same month the previous year, signaling a robust acceleration from the 7.1 percent growth recorded in December 2023, according to preliminary data released on March 8, 2024. This increase in lending by… Read More

China’s Ant Group Boosts Transaction Limits for International Travelers

Chinese Fintech firm Ant Group has announced substantial increases in transaction limits for international travelers using its cross-border payment services. Effective immediately, the single-transaction limit has been raised from $1,000 to $5,000, and the annual cumulative transaction limit from $10,000 to $50,000. This policy change,… Read More

Digital Asset Firm Nexo’s Dubai Entity Receives Initial Approval from VARA

Nexo, a digital assets institution, announced that its Dubai entity, Nexo Services FZE, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for Virtual Asset Lending & Borrowing, Management & Investment, and Broker-Dealer activities. This IA positions Nexo as one… Read More

Crypto.com and Altava Group to Expand Web3 Ecosystem

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and says it is focused on regulatory compliance, security and privacy, has signed a memorandum of understanding (MoU) with Altava Group, a vertical AI fashion tech company delivering innovative virtual experiences and… Read More

Tether and Republic of Uzbekistan to Develop Blockchain and P2P Telecom Infrastructure

Tether, which claims to be among the largest companies in the cryptocurrency industry, announced the signing of a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims… Read More

CBDCs and Tokenization: HKMA Announces Project Ensemble, a Wholesale Central Bank Digital Currency Initiative

The Hong Kong Monetary Authority (HKMA) announced the commencement of Project Ensemble, a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenization market in Hong Kong. The new project will seek “to explore innovative financial market infrastructure… Read More

Hong Kong’s Mox Bank and Wise Platform to Introduce Low-Cost and Transparent Global Payments

Mox has partnered with Wise Platform in order to launch low-cost and transparent international payments. Wise (LSE:WISE) confirmed in a blog post that it is launching its new collaboration with Mox Bank Limited, a virtual bank in Hong Kong. With this integration, Mox customers can… Read More

Rabeh Financial, a Saudi Arabia-based Fintech, Reports New Funding Round

Rabeh Financial, a Saudi Arabia-based company that claims to be specializing in crowdfunding services and equity exchange, has recently announced during the events of LEAP24 conference, its success in closing a seed funding round of 3 million Saudi Riyals, in collaboration “with Mjalis Investment Company… Read More

Republic Expands into Middle East in Partnership with Stake – a Real Estate Investment Platform

Online investment firm Republic has announced a new partnership that will see the Fintech expand into the Middle-East. According to a note from the firm, Republic has formed a partnership with Stake, an online investment platform for real estate in Dubai. Republic claims the deal… Read More

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