Financial Technology
China leads global digital payments as market hits $4.7t in 2020
China leads global digital payments as market hits $4.7t in 2020
The country is expected to have 49% of the global share by 2023.
China fintech deals clinch 67.1% of Asian fintech investments in 2015-19
15 deals during the period were valued above $1b.
Inside Hong Leong Bank's digitalisation journey
The lender has set aside as much as 20% of its FY19 operating expenses on tech.
ASEAN fintech investments hit $8.9b from 2015-2019
This represents a CAGR of 133.1%.
South Korea and China are Asia's cashless leaders
More than half of Korea’s 1,600 bank branches no longer accept cash deposits or withdrawals.
Bank BRI invests $1m into e-commerce venture Indonesia Mall
Indonesia Mall brings MSMEs online and introduces them to a larger market.
Online financial services rising amongst older Southeast Asians
The Philippines has its largest share of 41 to 60 year old users of online lending services.
Australian fintech firms raise over $2.7b from 2015-2019
Deals over $100m comprised 41.9% of capital raised.
TransferWise launches mobile phone money transfer service in Singapore
Customers with a PayNow profile no longer need to input their bank account number.
Standard Chartered floats cross-border payments tracking portal
It is the first bank to launch a public platform for payments tracking.
Seafarer-focused e-money app MarCoPay obtains licence in the Philippines
The app will use QR codes to help seafarers manage and remit salaries.
AI is top fintech trend of 2019: study
The value of AI in the fintech market is expected to rise four times by end-2024.
Denmark's Saxo Bank establishes joint fintech venture with Chinese auto firm Geely
It will provide financial and regulatory tech solutions to banks and fintechs in China.
How foreign fintechs will buoy Japan's banking sector
They might introduce new business models and solve overcapacity, says a former central bank deputy governor.
400 million wearables could be converted for smart payments push by 2022
Mastercard and Tappy are using token technology to allow payments using accessories.
Singapore crowned as APAC's fintech leader
In APAC, only Singapore and Indian cities made it into the global top ten.
Citibank rolls out one-stop mobile account app
Applications can be completed in a minimum of 10 minutes.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
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