Archive
APAC Regulators Accelerate Fintech Regulatory Efforts Amid Rapid Digitalisation
In Asia Pacific (APAC), regulators have been redrawing the regulatory perimeter to take account of new products and services emerging as a result of fintech innovation and emerging technologies. But with COVID-19 accelerating the adoption of digital financial services, financial
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Indian Crypto Exchange CoinDCX Raises Over US$135 Million in Series D Fundraise
Temasek-backed Indian cryptocurrency exchange CoinDCX announced that it has raised over US$ 135 million in an oversubscribed Series D funding round. The round was led by Pantera and Steadview with strong participation from prominent investors like Kingsway, DraperDragon, Republic, and
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Thunes Snaps up Majority Stake in Regtech Firm Tookitaki for US$20 Million
Global cross-border payments firm Thunes announced that it has taken a majority stake in the anti-money laundering (AML) and compliance technology firm, Tookitaki, by making an investment of over US$20 million. Thunes made this move in the wake of rising
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Ant Group Inks Deal to Become Payments Firm 2C2P’s Largest Shareholder
Payments firm 2C2P announced that Chinese fintech giant Ant Group will become its majority shareholder in a strategic partnership. Further details of the deal was not disclosed. Through the strategic partnership, 2C2P’s extensive pool of merchants inclusive of global and
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Why Brands, Bigtechs, Fintechs and Banks Are All Taking Notice of Banking as a Service
The Asia Pacific region is leading the way in a revolution that is changing the way consumers interact with financial services. Banking as a Service (BaaS) has been spreading rapidly over the last couple of years, enabling brands to offer
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Here Are 5 Cloud Security Predictions for 2022
Before COVID-19, businesses were already moving to the cloud, but with the pandemic forcing companies to turn to remote work, adoption of cloud computing has accelerated these past couple of years. 90% of the 2,800+ executives that were polled last
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Virtual Banking and Security in the Post-Cash Age
Virtual banking is one of the fastest-growing financial innovations, with a quarter of adults in some countries now having a digital-only bank account. The global total of virtual banking customers will pass 2.5 billion by 2024, with the number of
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Pine Labs Snaps up Majority Stake in Payment Solutions Firm Mosambee
Pine Labs, an Indian merchant commerce platform, announced that it has made a significant majority investment into Mosambee, a local and fast-growing end-to-end payment solution provider. This investment by Pine Labs will now value Mosambee at upwards of US$ 100
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Singapore and Australia to Deepen Fintech Collaboration
Australia Treasury and the Monetary Authority of Singapore (MAS) jointly announced that they have signed the Australia-Singapore Fintech Bridge Agreement. The commencement of discussions to develop the Fintech Bridge was announced in June 2021, when Australian Prime Minister Scott Morrison
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Indonesian Digital Lender JULO Bags US$80 Million Funding From Credit Saison
Indonesian digital lender JULO announced that it has secured US$80 million funding from Credit Saison, a Japanese financial services company affiliated to Mizuho Financial Group. This funding includes a mix of US$30 million in equity and US$50 million in debt
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