Financial Technology
HKMA launches sandbox to accelerate tokenisation adoption
HKMA launches sandbox to accelerate tokenisation adoption
The sandbox will facilitate interbank settlement using experimental tokenised money.
India names first self-regulatory organisation for fintechs
There are two more applications pending, according to the central bank.
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
Futu bags $1.2b net income in Q2 2024
Earnings per share stood at 1.08 Hong Kong cents.
Airwallex now processing $100b annually
This was anchored by its Americas expansion and APAC revenue growth.
Early-stage deals shine in Singapore’s fintech space amidst ‘cautious’ investors’
There were 52 early-stage deals in Sinagpore in H1 versus just 25 later-stage deals.
Fintech investments in APAC drop 19% to $3.7b in H1
All regions globally recorded a decline in fintech investments.
Loans extended by Philippine banks up 10.1% in June
Consumer lending expanded on the back of credit card loans.
Standard Chartered invests in financial tech platform United Fintech
The bank has been granted board observer rights and a rotational board seat.
HK virtual banks' record 2.2 million depositors by end-2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
WeChat Pay Malaysia ceases e-wallet services
Payment services will cease on 1 September 2024.
MUFG invests $393m in PH superapp GCash’s parent company
Globe Fintech Innovations operates GCash and Fuse Lending.
Hong Kong process with plan to regulate stablecoin issuers
It has published a consultation paper based on 108 submissions.
Digital investment firm Arta Finance clinches approval to launch in SG
The firm offers access to alternative assets and credit channels.
China’s XTransfer gains in-principle approval for Singapore MPI license
XTransfer plans to launch e-business wallet services in the Lion City.
Fave Singapore clinches in-principle approval in Singapore
It can now offer account issuance and domestic money transfer services in SG.
Alipay+ payments now available in European taxi app FREENOW
Tourists from China, Hong Kong, and Malaysia can use their local e-wallet to pay.
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1. Etiqa, Maybank launch Singapore's first Takaful in 10 years 2. OCBC launches bespoke tokenised bonds for corporate investors 3. DBS Bank India names Rajat Verma as CEO 4. Lawrence Goh is NETS’ newest UOB board representative 5. BDO names Jeffrey Alejandro as chief audit executive and IAG headResource Center
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
