Archive
Philippines Launches Overseas Filipino Bank, a Government Owned Digital Bank
The national government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), announced this week the launched the Overseas Filipino Bank (OFBank) as a digital-only bank that allows clients to complete bank transactions anytime
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Mastercard Supports Digital Bank Platform in APAC
Mastercard and EedenBull have extended their strategic partnership from Europe to the Asia Pacific region to support the fintech company’s launch of a new digital platform for banks and businesses to process spending and payments more efficiently. New regulations, new
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Huawei Launches Huawei Pay Mobile Payment in Thailand
Huawei Mobile Services (HMS) collaborates with UnionPay to launch the Huawei Pay in Thailand. Huawei Pay is a mobile payment tool that provides contactless, cashless payment service for HUAWEI device users. In Thailand, Industrial and Commercial Bank of China (Thai)
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Matchmove Collaborates with HR Cloud Platform to Drive Financial Wellness for SMEs
MatchMove, the Singapore based ‘Banking-as-a-Service’ platform and JustLogin, a Singapore based Human Resource cloud platform provider, will launch the JustLogin branded payment solution which encompasses an e-wallet with a prepaid card and remittance capabilities to help Small and Medium Enterprises
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Insurtech Picking up Steam in Asia
Insurtech is evolving rapidly in Asia with players taking big steps forward and deal counts multiplying as the growing wealth and middle class in huge markets like China, India and part of Southeast Asia, are bringing in opportunities for incumbents,
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Former DBS CIO Neal Cross’ Aussie Wealthtech Closes AUD$12m Funding Round
Picture Wealth, an Australian-based wealthtech, announced the close of its AUD$12m late-seed funding round, comprising of private equity and debt, and has recently acquired financial services licensee, NEO Financial Solutions (“NFS”) for an undisclosed sum. NFS became a wholly-owned subsidiary
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7 Recommendations for Cryptocurrency and Utility Token Issuers
In 2017/18, the total market capitalization of cryptocurrency markets reached all-time highs. At the same time, certain projects like BitConnect made their name as one of the most prominent ICO scams. Therefore, a stain remains on the digital asset industry
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UnionBank Extends Its Free Instapay Transfers
Union Bank of the Philippines (UnionBank) announced that it has extended its free Instapay transfers or instant transfers between accounts of participating central bank-supervised banks and non-bank e-money issuers in the Philippines until the end of the year. The bank
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BCB Blockchain Announces US$15 Million Grant for Asia’s Tech and Blockchain Startups
Building Cities Beyond (BCB) Blockchain has announced the launch of its BCB Innovation Grant. The Singapore-based blockchain developers for smart city solutions will be looking to award US$15 million worth of grants to projects developing on the BCB protocol, as
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Financial Fitness and Digital Banking in the Times of COVID-19
The COVID-19 pandemic is forcing consumers to turn to digital channels. Now more than ever, banks must accelerate their digital transformation and focus on delivering tools their customers need for financial self-help, according to a new report by Meniga. In
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