Blog
Finastra Leverages OpenFin to Offer Streamlined Treasury Experience
Finastra, a global financial software provider, has teamed up with OpenFin to enhance the user experience in treasury management systems. This partnership focuses on upgrading Finastra’s Kondor system, widely used by banks for treasury management. By incorporating OpenFin’s technology, Finastra
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An Inside Look at Wise’s Expansion Across Asia Pacific
Wise has been making significant strides in the Asia Pacific region as it continues to revolutionise the way people and businesses move and manage money globally. With a strong presence in eight Asia Pacific markets, including Australia, New Zealand, Hong
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OCBC Completes Acquisition of PT Bank Commonwealth Indonesia
OCBC Bank has officially completed the acquisition of PT Bank Commonwealth Indonesia through its Indonesian subsidiary, PT Bank OCBC NISP Tbk, as of 1 May 2024. The deal transfers 100% ownership of PT Bank Commonwealth Indonesia to OCBC, making it
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Eri Budiono to Lead Indonesia’s Bank Neo Commerce as New CEO
Bank Neo Commerce (BNC), an Indonesian digital bank, has named Eri Budiono as its new Chief Executive Officer (CEO) in a strategic leadership reshuffle, according to Tech in Asia. The appointment was confirmed during the company’s general shareholders meeting, following
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Airwallex Rolls Out Startup Support Programme in Australia
Global payments firm Airwallex has launched “Airwallex for Startups,” a new initiative aimed at supporting the growth of Australian startups. The programme offers a variety of resources, including practical financial management tools, networking opportunities, and content designed to help new
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AIA Singapore Opens New Wealth Centre for High-Net-Worth Clients
AIA Singapore recently inaugurated its AIA Wealth Centre at Six Battery Road as part of its strategy to serve the affluent and high-net-worth (HNW) individuals and families in the region. The opening event was graced by Gillian Tan, Assistant Managing
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MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement
The Monetary Authority of Singapore (MAS) has declared it will not extend the six-month restriction previously placed on DBS Bank. The pause, which spanned from 1 November 2023, to 30 April 2024, aimed to focus the bank on enhancing the
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Binance Founder Zhao Receives Four-Month Sentence, Start Date Yet to Be Set
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle, according to Bloomberg. The sentence comes as a conclusion to
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HSBC Group CEO Noel Quinn Announces Retirement
HSBC Group’s Chief Executive Noel Quinn is set to retire, marking the end of a near five-year stint at the helm of the banking giant. The bank said in a statement that it has achieved notable milestones, including record profits
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IFC Invests US$150M to Propel MSME Growth in Indonesia, Thailand
The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance financial access for small businesses in Indonesia and promote digital inclusion in Thailand. The financing agreement allocates a total of
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