Ping An Insurance considers Singapore neobank licence
The company has already secured a Hong Kong banking licence.
Asia Pacific
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Indonesian FSA launches online register to monitor fintechs
The platform will grow business through OJK’s innovation hub.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
BIDV chooses Surecomp for digital trade finance transformation
BIDV praises Surecomp’s “commitment to its clients”.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
New core banking software deals for Oracle FSS
The latest financial quarter brought licence deals worth $29 million.
Is your fintech brand an awkward teenager?
From unpredictable growth spurts and occasional breakouts, to sleeping in.
People’s Bank of China to issue fintech development plan
The strategy will include actions to control risk.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
WhatsApp talks to Indonesian fintechs for mobile payments launch
WhatsApp is waiting for regulatory approval in India for a similar service.
Standard Chartered and SAP Ariba partner to serve APAC
Collaboration aims to accelerate digitisation of the entire supply chain.
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Thomson Reuters launches global regtech competition
The contest seeks legal, tax and regulatory solutions.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
Commerzbank and LBBW set a new blockchain milestone
This time they’ve integrated logistics provider, Logwin AG.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
SoftBank supports start-ups under the radar
The Japanese technology giant invested $5 billion into Latin American “unicorns”.
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Experian closes $20m of Series B1 in CompareAsiaGroup
Making this its fifth major investment in Asia Pacific since 2017.
Libra cryptocurrency users face taxing problem
It is not clear how Facebook intend to solve this problem.
Standard Chartered Bank launches Shanghai eXellerator lab
It will tap into China’s advances in artificial intelligence, biometrics and mobile payments.
BHF Rural Bank pilots programme with PearlPay
BHF becomes first ever Filipino rural bank to use core banking solutions.
Standard Chartered and Linklogis debut joint transaction on blockchain platform
The bank leveraged Linklogis’ WeQChain platform.
Indonesia shuts down 826 illegal fintechs in 2019
The regulator began a crackdown last year.
Big banks are driving fintech to the mainstream
And it’s happening faster than you think!
TSE launches data sandbox for securities tech
Tokyo Stock Exchange calls for data and innovation partners.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
Gay is for life, not just for June
Fintech firms can and must do more.
