Vietnam’s TPBank seals deal with blockchain paytech RippleNet
RippleNet claims its first bank client in Vietnam.
Asia Pacific
Alipay launches prepaid card for international visitors
Prepaid card scheme for international visitors is a first for the giant Chinese payment firms.
South Korean regulator plans Open Banking experiment
The scheme will involve a “comprehensive assessment” for Open Banking.
Japan’s instant credit start-up Paidy raises $143m
It includes $83m in a Series C extension and $60m in debt financing.
German bank association fires shots at Libra, calls on politicians and central banks for digital euro
The association wants a crypto led by European commercial banks and politicians.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Banking Technology November 2019 issue out now
The identity challenge.
The top trends that impacted the insurance industry in 2019
Top CRO’s in the biggest insurance companies tell us about their challenges in 2019.
Accessible and international SME banking
Options available to SMEs vary dramatically yet rarely fit the bill.
Head above the clouds with Deepak Gupta
“Every mid-sized and large bank knows they have to offer RTP.”
Cryptocurrencies and the critical vulnerability of a 51% attack
The processes, the vulnerabilities, and the dangers broken down.
Singapore remittance start-up InstaReM rebrands to Nium
Nium CEO envisions a world where everyone’s money is free for them to use.
Standard Chartered opens second innovation lab in Hong Kong
The hub will be located at the bank’s 42-storey skyscraper in central Hong Kong.
How to provide customers from China with a habitual and convenient service
An official account is the first step for a company towards the Chinese audience.
Moving from on-premise to destination to distributed platforms and networks
Most efforts to digitise global trade finance have been unsuccessful.
Revolut launches in Singapore
Country will be Revolut’s first Asian market and second outside Europe
A bird’s eye view of cloud and the payments industry
The sky is the limit for cloud and Volante.
Natwest, Nationwide and RBS pull banking apps from Google Play for Samsung S10 users
The S10’s fingerprint feature glitch means it can be unlocked by anyone.
Western Union expands into Asia with Kyodia and Hanpass partnership
The collaborations are live with payout functionality.
Trade finance – network to network
Trade finance indeed needs a network to network.
Thought Machine to power Standard Chartered’s new Hong Kong bank
Vendor to underpin digital bank’s new products.
PPRO joins forces with GrabPay in paytech partnership
Integration deal will support PPRO’s footprint in Asia-Pacific.
Meeting the global B2B payments challenge
International businesses increasingly expect global access to finance in real-time.
Rise of the machines: when will AI and machine learning change finance?
FinTech Futures is researching the impact of AI on the industry.
Uncovering the hidden costs of liquidity
Liquidity is paramount and real time liquidity is now a must-have.
FinovateAsia Best of Show winners announced
“We are thrilled to be back in the Garden City.”
CIMB Bank Singapore completes first trade finance transaction with blockchain
Bank was aided in the transaction through use of iTrust platform.
Hong Kong Exchanges and Clearing inks deal with Transaction Network Services
The agreement will see low-latency connectivity being offered to HKEX trading partners.
India’s fintech Paytm in talks with T Rowe Price for $1 billion funding round
Existing investors SoftBank and Ant Financial are also expected to participate.
China to ditch some foreign ownership limits next year as trade-war concession
Limits to be scrapped for securities, futures and fund management firms next year.
HSBC takes on digital challengers with First Direct overhaul
The telephone-based brand is looking at AI and in-app technology.
Viva Republica cosies up to Standard Chartered in plan to form Korean challenger
A successful licence bid would create the third internet bank in the country.
Video: Top fintech stories this week – 11 October 2019
FinTech Future’s weekly news round-up.
Indonesia’s OJK goes on fintech lender licensing spree
There are still 114 non-licensed companies registered with the OJK.
Swift to expand its gpi into securities and FX transactions
Swift predicts the world too will take this holistic approach to gpi.
Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
HKEX drops £32bn bid for London Stock Exchange
“We only regret the chances we didn’t take,” says HKEX CEO
ACS19: Bank execs need cybersecurity safe space
90% of breaches at firms are still attributed to employees clicking on phishing emails.
Wallets – the flexible way for banks to maintain competitive advantage
Mobile wallets for payments and loyalty provide the perfect weapon for banks seeking to fight off competition.
FSB investigating the regulatory potential of stablecoins
Emerging scale could pose challenges, says FSB chair
