Hong Kong virtual bank Livi picks Wolters Kluwer for regulatory reporting
New bank wants OneSumX to cover its compliance.
Asia Pacific
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.
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 2020 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”.
Why the world needs synchronised timing
The value of timing provides the opportunity to bolster the very fabric of our vital infrastructure.
What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
Malaysia and Indonesian regulators sign fintech cooperative agreement
The two countries will share innovations and foster cross-border start-up development.
Standard Chartered hires new global head of technology
Cat Rüst joins the bank from an executive role at UBS.
Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Six ways financial services will adapt to BigTech in the UK market
BigTech companies excel at giving customers what they want.
China culls almost 6,000 P2P lenders in industry crackdown
A two-year programme has left only 29 firms in the country.
China expands digital currency experiment across major cities
More than 400 million people are able to trial the digital system.
MUFG taps AxiomSL for reporting automation
AxiomSL’s Global Shareholding Disclosures will be deployed on the cloud.
Singapore’s MAS pours $182m into second fintech fund
Around half of the committed SGD 250m rolled over from the first FSTI scheme.
KB Kookmin continues crypto custody development with new partners
The South Korean bank expects artwork and real estate to be traced via blockchain in future.
Hong Leong Bank launches mobile-based junior account
The app is designed for use by both parents and children.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
Wirecard business partner reported dead in Philippines
Bauer’s company made up €291.4m of Wirecard’s 2018 profits.
GoBear and UnionBank launch new lending service in the Philippines
Partnership claims to be first of its kind in the country.
Cambodia payments fintech Clik lands $3.7m
The capital will also underpin its launch in Cambodia later this year.
