Blog

ForgeRock Expands Cloud Services to Indonesia and Hong Kong

ForgeRock, an identity and access management software company, announced its continued expansion across Asia and has made ForgeRock Identity Cloud available locally from two new data centers in Indonesia and Hong Kong. This expands ForgeRock’s Identity cloud into 17 regions

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Wise Ties up With Tencent for Remittance to China Through Weixin

Wise, an online money transfer service, announced a partnership with Tencent Financial Technology which will enable international money transfers to China through Weixin. Weixin is the mainland Chinese version of WeChat that is owned and operated by Tencent. With this

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Why Risk-Averse Southeast Asian Banks Should Embrace a ‘Multicore’ Approach

The banking industry is in the midst of a period of intense transformation in Southeast Asia, and indeed the world, driven in part by the pandemic, but also influenced heavily by changing consumer demand and fast-moving technological innovation. Predicting the

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Indonesia’s OJK Bans Financial Institutions From Facilitating Crypto Trading

The Financial Services Authority of Indonesia (OJK) has strictly prohibited financial institutions from marketing or facilitating the trading of crypto assets. The regulator warned that the value of crypto assets are subject to market fluctuations and investors should be mindful

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Bank Indonesia Launches Its First Real-Time Payments Infrastructure With ACI Worldwide

Bank Indonesia (BI), the country’s central bank, has launched its first real-time payments infrastructure BI-FAST that is driven by ACI Worldwide, a global provider of real-time payments and digital payment solutions. BI-FAST is an integral part of Indonesia’s ongoing digital

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In Banking, Data Become The “Differentiating Baseline”

In Asia, market liberalization pushes, coupled with changing customer behaviors and advances in technology, are forcing banks to move away from a product-centric approach to a customer-centric one where data become critical in guaranteeing the value and relevance of products

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Endowus Launches Income Portfolios Tailored for Each Generation’s Needs

Digital wealth app Endowus has officially launched the Endowus Income Portfolios, which were designed to match the different needs, risk appetites and goals according to the varying life stages of Singapore-based investors. The three life-stage based portfolios – Stable Income

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China, India and Indonesia Record Highest Digital Wallet Adoption Rates Across APAC

Across Asia Pacific (APAC), China, India and Indonesia are leading the region in digital wallet adoption. A new report by business payment company PPRO found that in these three markets, online shoppers prefer using e-wallets such as Alipay, Paytm and

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DBS Names Helge Muenkel as Its New Chief Sustainability Officer

DBS Bank has announced the appointment of Helge Muenkel as its new Chief Sustainability Officer with effect from today. He will be succeeding Mikkel Larsen who transitioned into his role as Chief Executive Officer (CEO) at Climate Impact X (CIX),

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Bank Indonesia and MAS Deepen Ties to Promote Payments Innovation

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) to strengthen bilateral cooperation and deepen ties. The MOU reflects Indonesia and Singapore’s joint interest to promote collaboration on projects in relation to

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