Archive
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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Ravi Kaushik to Lead Flourish Ventures’ Fintech Portfolio in India and SE Asia
Flourish Ventures, an early-stage venture capital firm, has announced the appointment of Ravi Kaushik as its new Executive Director, Head of Asia Investments. In his new role, Kaushik will oversee the firm’s fintech investments and portfolio management across India and
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APAC Leaders Convene at Huawei Congress to Discuss Digital Growth
The Huawei Digital and Intelligent APAC Congress, co-hosted by Huawei and the ASEAN Foundation, recently concluded in Bangkok, drawing over 2,000 participants from 15 Asia Pacific nations. The event featured discussions on advancing digital and intelligent infrastructure in the region.
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Mandiri Capital Indonesia Showcases Xponent Programme at Money 20/20 Asia
Mandiri Capital Indonesia (MCI), the venture capital arm of Bank Mandiri, is debuted its Xponent programme at the recent Money 20/20 Asia in Bangkok, aiming to enhance collaboration within the fintech sector. The programme, now in its fourth edition, connects
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Money20/20 Asia 2024: Event Recap and Main Announcements
Money20/20 Asia made its debut in Bangkok on April 23, 2024, bringing together key players from across Asia’s financial landscape, including banks, payment providers, startups, retailers, fintech companies, and regulators. Over three bustling days of non-stop activities and content sessions,
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Banks Embrace Cloud, AI to Innovate and Tap Partnership Opportunities
The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by
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VC Funding to Indian Fintech Companies Drops 57.6% YoY
In Q1 2024, venture capital (VC) funding for fintech companies in India declined substantially, falling by a staggering 57.6% year-over-year (YoY), a new report by private market data platform Tracxn shows. During the quarter, Indian fintech companies secured only US$550.8
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Abnk, Atome, Grab, and SeaMoney Earn Singapore BNPL Compliance Trustmark
Abnk, Atome, Grab, and SeaMoney have been awarded the accredited Trustmark by the Singapore Fintech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group as of 19 April 2024. This distinction, effective from 1 May 2024, allows consumers
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Bitkub to Pursue IPO in 2025, Targets Expansion in Southeast Asia
Thailand’s crypto exchange Bitkub Capital Group plans to launch an initial public offering (IPO) by the end of 2025, aiming to expand its operations across Southeast Asia, particularly targeting emerging markets like Cambodia, Vietnam, and Laos. According to Nikkei Asia,
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