Financial Technology

StanChart’s SC Ventures and NEXT176 unveil Shariah-compliant wealth platform

It will merge SC Ventures’ Autumn with NEXT176’s 22seven into one new platform.

StanChart’s SC Ventures and NEXT176 unveil Shariah-compliant wealth platform

It will merge SC Ventures’ Autumn with NEXT176’s 22seven into one new platform.

UPI propels India’s mobile wallet payments to $6.5t by 2028

In February 2024, $221.5b in value was paid across 12.1 billion UPI transactions.

SEA fintechs clinch $314m funding in Q1

Absence of large deals and decline in late-stage funding dragged down the tech sector.

Ant Group raises transaction limits in China for foreign users 

Ten partner wallets can now enjoy the increased limits.

Thailand publishes rules for virtual bank license applications

Applications begin on 20 March until 19 September 2024.

New rules, price caps to push more mergers amongst Indonesia’s P2P lenders

The regulations will raise compliance costs, but price caps will make it hard to offset them.

Number of fintechs in SEA to double by 2027

Singapore will have 867 fintechs for every 1 million people, UnaFinancial said.

Ant Group outbids Citadel for Credit Suisse’s China investment bank venture: report

But this faces a “thorough review” because China favors a foreign buyers, sources said.

How HomePay is combating renovation scams in Singapore

Money is put in an escrow account and disbursed when milestones are reached.

Fintech UNOAsia raises $32.1m in pre-series B round

It will support efforts to scale up UNO Digital Bank in the Philippines.

Thai broker KKPS, Nasdaq ink deal for banking and brokerage risk platform

KKPS is expected to benefit from a rapid onboarding process.

Embedded finance, partnerships to shape future of SEA fintechs

Digital payments, WealthTechs, and cryptocurrency are also slated for growth.

SG AI fintechs score funding wins amidst fintech investment downturn

This bucked the global trend, where AI fintechs overall clinched less investments.

ASEAN banks show impressive uptime performance in 2023 – Brankas

The report calls for better customer awareness of disruption and recommends institutions to keep at least a 99% uptime.

KakaoBank expands AI research at ICN10 data centre

Digital Realty's ICN10 data centre was selected for its optimized AI deployments.

Navigating the Fintech Frontier: Key Trends Shaping 2024

As financial networks look to become increasingly interconnected within and cross borders, the imperative to ensure their seamless and stable...