Financial Technology
167 financial services firms adopt AI initiatives: report
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.
Wise gains direct access to PH’s InstaPay and PhilPaSS Plus
This enables over 63% of all Wise transactions to be completed instantly, with an average fee of 0.62%.
Mastercard launches OTP-free online transaction
This ensures that payment credentials are not shared with third parties.
Maya Philippines rolls out new international payment service
The service allows foreign customers to pay in their home currency
Banque de France, MAS completed post-quantum cryptography trial
The technology aims to protect data from cybersecurity threats posed by quantum computing.