Financial Technology
Airwallex expands to Brazil, Mexico
Airwallex expands to Brazil, Mexico
It finalized the acquisition of MexPago and obtained a license in Brazil.
SEA fintech funding drop 23% to $1.6b in 2024
This is 75% lower than the funding it got in 2022.
South African fintechs look to Hong Kong for funding
Tax perks and access to Africa await foreign investors.
Taiwan, Lithuania ink MOU for financial services innovation
They agree to exchange information on emerging market trends and relevant regulatory issues.
167 financial services firms adopt AI initiatives: report
Nearly 80% financial services companies have launched at least one AI initiative.
Japanese banks seek M&As overseas
MUFG has spent a billion dollars buying a stake in fintechs.
Global cryptocurrency market to growth by $34.5b in 2028
Key driver includes increased investment in digital assets.
BEA and IDA launch HKD-pegged stablecoin
The initiative includes a trial involving a local payment gateway.
VCs invest $31.1b in fintech companies in 2024
Enterprise software companies and health companies got the most investments.
SMEs, crypto regulations key to Bahrain’s fintech ambitions
Stablecoins and crypto payments are areas of interest for the central bank.
GCash eyes 2025 IPO, looking to raise up to $1.5b
If successful, this is slated to be the biggest IPO in the Philippines.
Atome Financial clinches $200m facility for SEA expansion plans
The digital payments platform reported that it turned EBITDA positive in Q1.
WealthTech Endowus breaks US$7b mark in assets under advice
Its Private Wealth client offering has surpassed US$2b in assets managed.
Omnichannel integration boosts Hong Kong digital payments
Cross-border wallet collaborations are driving digital payments in Hong Kong.
Reshaping fraud detection in Asian finance with knowledge graphs
Financial fraud has evolved into a sophisticated threat, growing in both scale and economic impact.
Evercomm, CTBC Bank to develop AI-powered green financing platform
The platform aims to advance green financing.
State Bank of India taps SG-based APIX for fintech innovation platform
The platform will provide access to over 250 financial service APIs.
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1. OCBC CEO Helen Wong to retire; Tan Teck Long named successor 2. OCBC Bank Hong Kong sets up team to support entrepreneurs 3. Japan’s SMFG eyes $1.1b additional investment in India’s Yes Bank: report 4. GXS Bank launches GXS Invest 5. Singapore and China reaffirm green finance cooperationResource Center
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