Two keys protecting the privacy of the underbanked in Asia
Functionality and security are two ideals that should go hand-in-hand.
Asia
Video: fintech news weekly round-up – 14 January 2019
Featuring N26, RBS and Loot, Google in Ireland, and Alipay in Pakistan.
Orowealth acquires wealthtech app Wealthtrust
Indian direct mutual fund seeks expansion.
Alipay powers Pakistan’s “first” blockchain-based cross-border remittance service
Service provided by Telenor Microfinance Bank and Valyou.
Initiatives by India’s government to boost fintech
The fintech space in India has seen an exponential growth over a few years.
Top ten fintech opinion pieces in 2018
Great minds share their views and ideas on all things fintech.
Clinc and Isbank unleash AI-powered app in Turkey
“Maxi” is designed for the Turkish bank’s six million customers.
Obopay launches prepaid cards with Mastercard in India
For both consumers and businesses across the nation.
Mayapada Group taps Pohon Dana for lending in Indonesia
Conglomerate pushes into fintech via investment.
Lending platform JUMO gets $12.5m funding
Takes total raised in excess of $103 million.
UNICEF fuels SME funding for emerging markets
Its innovation fund gives Atix Labs some support for good causes.
Reserve Bank of India’s governor quits for personal reasons
Tensions with the finance ministry are rumoured to lie behind the departure.
India’s FinXtree fires up for fresh fintech products
Plans to develop digital products for lending and blockchain solutions.
HDFC Bank’s app upgrade goes sour
The app simply didn’t work at launch.
WorldRemit and Brac on track for Bangladesh payments
New partnership allows bank and mobile money transfers to the country.
IndusInd Bank buttons up with interactive credit card
Indian bank gets pushy with three payment options on one card.
Fenbushi’s Dispatch-ed for blockchain building in Asia
San Francisco-based Dispatch offers DLT app creation.
No fun for Yes Bank over forced CEO exit
Three board members resign in India.
Swift India all MonetaGo for banking on blockchain
Pilot programme kicks off.
Visa making a stand in India with BillDesk investment
As it faces fierce local competition.
Bangladeshi lendtech ShopUp receives $1.62m investment
Automating online credit assessment for MSMEs.
Meniga gains foothold in Southeast Asia with UOB deal
Meniga’s tech to help UOB’s customers “keep track in real time of their savings and expenses more easily and clearly”.
Standard Chartered teams with Instabase for clever KYC
As the fintech comes out of the bank’s eXellerator.
“Almost all” Pakistani banks hacked
Pakistani Federal Investigation Agency reveals security breach.
ITS gains first core banking system client in Tajikistan, Sohibkorbank
Sohibkorbank to implement ITS’s flagship Ethix core banking system.
ICICI Bank integrates banking and accounting with Open
Targeting India’s micro, small and medium enterprise sector.
FinovateAsia 2018: Best of Show winners unveiled
Congratulations to the trio of winners!
State Bank of India and Hitachi join forces for cards and paytech venture
JV to create a “state-of-the-art card acceptance and future ready digital payments platform” in India.
Utkarsh Small Finance Bank in paytech overhaul with ACI Worldwide
Utkarsh Small Finance Bank is live with the latest version of ACI Worldwide’s UP Retail Payments solution.
Tez Financial Services lands $1.1m investment
The first fully digital non-bank microfinance company in Pakistan.
Newcomer Anglo-Gulf Trade Bank to shake up trade finance market
“The world’s first digitally-enabled trade bank” will open for business in early 2019.
Akbank takes a snap to verify customers with Daon
With very high customer onboarding numbers!
IndusInd Bank combines credit and debit in one card
IndusInd Bank Duo Card is the first of its kind in India.
Haball, 1Link and Meezan Bank partner for B2B payments in Pakistan
Haball the aggregator, Meezan on settlements, and 1Link on processing.
Bank of Punjab live with new core banking system, Oracle Flexcube
Government-owned bank in Pakistan implements a new core banking system.
India’s largest crypto exchange Zebpay has its day
Stops trading due to regulatory pressures from RBI.
India’s fintech firms fight against Aadhaar restrictions
They want access to the biometric database to verify customers.
India’s central bank shortlists five vendors for data project
The Reserve Bank of India (RBI) keen to harness the power of big data.
Indian lending start-up Qbera gets $3m funding
Essel Group and its E-City Ventures are the backers.
RBI says no to Yes Bank CEO staying on
The forced exit is a result of lack of compliance.
