Financial Technology
SB Finance, OneConnect to develop digital finance platform in the Philippines
SB Finance, OneConnect to develop digital finance platform in the Philippines
It seeks to service the 65% of Filipinos who remain unbanked.
VCs flocking to "lucrative" APAC payments segment: report
Global VC deals rose to 620 in Q1 2021.
Ant Group’s valuation might fall to $29b amidst regulatory scrutiny: analyst
Pre-clampdown, the group’s valuation is at $320b, according to Bloomberg Intelligence.
ZA Tech opens Asia fintech centre in Singapore
It will focus on solving use-cases in insurance and financial services.
Australian comparison site Finder acquires GoBear brand
Earlier this year, GoBear had announced that it would shut down operations.
Singaporean customers more satisfied with e-wallets than banks in 2020
Customer satisfaction for e-wallets was higher than that of banks.
Tonik launches neobank in the Philippines
It offers up to 6% interest rate per annum.
Kuliza, Mambu launch digital lending solution for SEA, India
Kuliza's Lend.In allows financial firms to modernise their loan products.
New regulations imperil China's online microlenders
Additional schemes could stifle growth of cross-provincial borrowing.
China’s leading non-banking financial firms face the risk of antitrust...
Weekly Global News Wrap: Morgan Stanley offers bitcoin to wealth management clients; SLB market could hit $150b this year
And Barclays expands private banking unit to France and Italy.
How TranSwap helps SMEs expand overseas by cutting FX costs
Their solution was developed with API integration, which enables small transfers in large volumes to be credited in real-time.
Indonesia's PAYFAZZ, Singapore fintech Xfers form financial entity
PAYFAZZ is also investing US$30m in Xfers.
Two digital banks in every APAC market to challenge incumbents: study
Need for new capabilities to push bank-fintech collaborations in the region.
Chinese fintechs must meet capital requirements within two years: CBIRC
Regulators have set various grace periods for different platforms.
Weekly Global News Wrap: Banks scramble with bitcoin as adoption soars; Amex probed for small consumer cards sales
And Germany's Commerzbank sinks into red with $3.3b Q4 loss.
Ant Group may resume IPOs once problems resolved: report
PBOC is still investigating monopolies in the fintech company.
No ‘one-size-fits-all' for mobile bank TMRW
UOB’s mobile-only bank makes use of personalization to attract Thailand, Indonesia’s tech-savvy generation.
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HSBC Indonesia won International Retail Bank of the Year - Indonesia for a third straight year, honouring its wealth expertise, digital growth, and innovation.
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