Financial Technology

How Singapore fintech Cashwagon serves Asia's underbanked
19 Aug 19
In July, Cashwagon launched a cash pick-up option in the Philippines.
Singapore fintech funding nearly quadrupled to US$453m in first six months of 2019
19 Aug 19
The number of deals surged 55% to 48.
Chart of the Week: Korea's internet-only banks still sparring for market share
14 Aug 19
The two players only account for 0.6% of the loan market in Q1.
Why you shouldn't miss the ABF Digital & Open Banking Conference
25 Jul 19
Top executives from Standard Chartered, Revolut and EY will attend the prestigious event.
Meet Musheer Ahmed of FTAHK at the 2019 ABF Digital Payments Summit
25 Jul 19
He will discuss key drivers for fintech innovation and why coopetition will be the new norm for the payments industry.
ZhongAn International's Ken Lo joins panel at the 2019 ABF Digital Payments Summit
23 Jul 19
He will discuss key strategies on how players can adapt amidst the emergence of virtual banks.
Michael Ho of Oliver Wyman to grace the 2019 ABF Digital Payments Summit
19 Jul 19
He will share how to compete across the payments industry amidst its digital shift.
UnionBank's UBX Philippines ties up with Ping An to build blockchain-enabled platform for MSMEs
17 Jul 19
It will cover various services such as multi-channel loan applications, credit assessment, and loan disbursements.
Virtual banks may only account for less than 1% of Singapore loan market by 2022
12 Jul 19
Retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.
How GoBear makes financial comparison easy for the everyday consumer
10 Jul 19
Its platform matches users with financial products like insurance, credit cards, and trade finance.
Singapore's fintech invasion has no end in sight
10 Jul 19
About 43% of fintechs in Southeast Asia choose Singapore as their home amidst strengthening growth prospects.
Singapore's fintech adoption rate almost tripled to 67% in two years: study
2 Jul 19
It is ahead of the APAC average adoption rate of 64%.
Korea banks on big data infrastructure
6 Jun 19
It will create a financial data exchange for financial players in the country.
Here's where alternative lending thrives in Asia
30 May 19
The land of GoPay and OVO is no man’s land for banks.
Korea rejects two web-only bank applicants
27 May 19
It cited lack of innovation and concerns over governance and financing.
Crowdfunding flourishes in Malaysia as banks reject loan applications
24 May 19
Equity crowdfunding and P2P platforms have raised $84m for small businesses so far.
Citi Ventures to offer experiential learning in fintech to Singapore students
24 May 19
The 15-week programme at SMU will launch in January 2020.
JP Morgan Invests in Indian fintech startup
14 May 19
Global PayEx offers a cloud-based platform that facilitates electronic invoice sharing.
Citi enables real-time consumer-to-business collections for Vietnamese corporate clients
9 May 19
The bank has tied up with fintech Payoo.
The steady rise of e-payments in Singapore
9 May 19
The results of a global survey published by PricewaterhouseCoopers (PwC) confirm that Asia remains the leading growth region for mobile payments....
Singapore mulls licenses for virtual banks
6 May 19
The DBS CEO earlier echoed a similar stance.
P2P lender Blend PH targets nearly $20m portfolio by 2021 in financial inclusion push
6 May 19
The platform has attracted millennials, housewives, and overseas workers that have been investing as low as $96 at 8-30% per annum.
Are CLOs a good alternative investment for Asian Family Offices?
6 May 19
In recent years, we have seen an influx of Asian money into countries like Singapore and Hong Kong.
This Singapore online lending startup offers personal loans up to S$50,000
24 Apr 19
Credit Culture offers personalised and instant loan terms from its proprietary credit-scoring engine.
Malaysian startup Moby Fintech unveils financial decisioning app
1 Apr 19
Mobylize offers users credit scoring, analysis and decisioning tools.
Fintech Akulaku acquires minority stake in Indonesian bank for $11.16m: report
25 Mar 19
It is aiming to make a total investment of $35.30m into Bank Yudha Bhakti.
Asian wealthtech firms snap up 15.5% of investment in 2014-2018
21 Mar 19
They still fall flat of Europe and North America’s dominance.
Chart of the Week: P2P lending on the rise in Indonesia amidst lax rules
13 Mar 19
P2P financiers dispersed $1,400 in loans in December.
E-money transactions in Indonesia hit $3.3b in 2018
11 Mar 19
Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.
UK challenger bank Revolut set for beta launch in Singapore
28 Feb 19
It raised concern about the difficulties in obtaining foreign tech talent visas in the UK.
Korea sets up open interbank payment network to boost fintech
26 Feb 19
Available to nonbank players, the scheme aims to lower required usage costs.
South Korea braces for third internet-only bank
13 Feb 19
Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.
3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey
4 Feb 19
Around 13% even believe that fintechs deserve more trust than old-guard lenders.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
28 Jan 19
However, 22% admit that the former are less trustworthy than old-guard lenders.
Australia's lending incumbents face threat as challenger banks enter fray
24 Jan 19
Volt Bank has finally managed to nab a full banking license.
Hong Kong banks loan growth rebounds 5.2% in November
8 Jan 19
Business sentiment recovered mildly as corporates ramped up borrowing.
Kasikornbank ties up with Japan mobile chap operator Line
13 Dec 18
The bank will tap on the latter's 44 million users to grow personal loans.
Hong Kong's open banking movement lures interest beyond retail
10 Dec 18
SMEs and corporates also acknowledge the merits of the pivot.
British challenger bank Revolut receives green light to expand to Singapore and Japan
4 Dec 18
It will launch in APAC in Q1 2019.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
4 Dec 18
They will develop a remote account-opening solution.

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Events Calendar

Aug 28
ABF Digital Payments Summit 2019
Hotel ICON, Level 1, Silverbox Ballroom 1-3, 17 Science Museum Rd, Tsim Sha Tsui, Hong Kong
Oct 22
ABF Digital & Open Banking Conference 2019, Singapore
Singapore
Nov 19
ATMIA Asia ATM Innovation & Security Congress 2019
Shangri-La Hotel, Kuala Lumpur, Malaysia