Mitsubishi UFJ Financial Group Inc.’s (MUFG) plans to acquire a stake in HDFC Bank Ltd.’s consumer lending arm, HDB Financial…
Year: 2024
The Siam Commercial Bank (SCB) is set to modernise its core banking system through a new partnership with Sunline, a…
Indonesian digital bank Superbank has announced an additional funding of IDR 1.2 trillion (US$73.3 million) from its shareholders, Grab, Singtel,…
The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus,…
Paymentology, a global issuer-processor, has appointed Stephen Bowe as Chief Product Officer. Bowe, who has over 15 years of experience…
In the heart of Southeast Asia, a small island nation is making giant strides in digital currencies. Singapore, long known…
Former Spenmo executives announced the launch a new venture, Summit, to target spend management for small to mid-sized companies. Led…
Stablecoin issuer Paxos has appointed Jeannie Lim as the Executive Director of its Singapore operations, according to a Bloomberg report.…
The International Finance Corporation (IFC), a member of the World Bank Group, is evaluating a US$150 million loan package for…
The Singapore government should not direct or interfere with sovereign wealth fund GIC’s investment decisions, emphasised Second Minister for Finance,…
Neobank Revolut’s annual revenue in Singapore more than doubled compared to 2022, contributing to the group’s financial performance. This marks…
Validus Group, a digital SME financing platform based in Singapore, has secured a total of US$17.57 million in debt financing…
Ant International has acquired Amsterdam-based payment service provider MultiSafepay, integrating it into its Antom division, a payment and digitisation services provider.…
Paxos has secured the full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins under the regulator’s upcoming…
Heymax.ai, a Singapore-founded loyalty platform, has announced the completion of a US$2.6 million (SG$3.5 million) seed funding round led by…
Cloud banking platform Mambu has announced the appointment of Mark Geneste as Chief Revenue Officer. Geneste will lead the commercial…
Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of…
CIMB Singapore encountered a technical issue on 29 June 2024, affecting the reflection of certain transactions in the bank account…
Nearly three-quarters of banks globally continue to run on legacy core banking systems, which fail to deliver on transformation goals.…
The Monetary Authority of Singapore (MAS), alongside international financial institutions, has successfully completed the first phase of the Global Layer…