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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

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IFC Invests US$150M to Support Indonesian MSMEs, Expand Digital Access in Thailand

The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance

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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

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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

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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

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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,

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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

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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

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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

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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

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Indonesian Insurance Broker Officially Rebrands Following bolttech Acquisition

Indonesian insurance broker PT Axle Asia has officially changed its name to PT Bolttech Insurance Broker, adopting the bolttech brand.

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G20 TechSprint 2024 Seeks Solutions for Biodiversity, ESG Data, Sustainable Finance

The Bank for International Settlements (BIS) and the Central Bank of Brazil (BCB) have announced the launch of the fifth

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Visa Expands Access to Payment Services Through AWS

Payments giant Visa announced that it has joined the AWS Partner Network (APN) to improve global digital payment solutions. This

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Thailand’s T2P Taps Wise Platform to Offer Global Money Transfers for DeepPocket Users

T2P Co., Ltd., a payment solution provider in Thailand, has announced a new partnership with Wise Platform, which provides infrastructure

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Airwallex Launches Payment Acceptance Services in the U.S.

Global payments firm Airwallex has introduced its payment acceptance services in the United States, enabling U.S.-based merchants to accept both domestic

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KASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes

Thailand’s KASIKORNBANK, in partnership with J.P. Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through

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Prosecutors Seek 3-Year Prison Term for Binance Founder; Zhao Pens Apology Letter

U.S. prosecutors have proposed a three-year prison sentence for Changpeng Zhao, the founder and former CEO of crypto exchange Binance,

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No Formal Permit Application for Alipay+ to Operate in Indonesia, Says Central Bank

Ant Group, a Chinese financial affiliate of the Alibaba Group, has not yet formally applied for a permit to operate

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Indonesia and Australia Partner to Improve Crypto Tax Compliance

The Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) have entered into a Memorandum of Understanding

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Igloo Expands Insurance Access in Vietnam Through New Partnerships

Igloo, a Singapore-based insurtech firm, has announced new partnerships with Zalopay, Lotte Finance, FE Credit, and digital insurer OPES to

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Standard Chartered Joins Visa B2B Connect for Streamlined Payments

Standard Chartered has announced a new collaboration with Visa through the Visa B2B Connect network to streamline cross-border payments for

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SGeBIZ and Funding Societies Team Up to Offer BNPL Payment Option for SMEs

Southeast Asia’s SME digital finance platform Funding Societies has partnered with SGeBIZ, a provider of digital procurement, payment, and sourcing

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Trulioo Reports 90% Business Verification Rate in APAC

Trulioo, an identity verification platform, announced that it has achieved a 90% business verification rate across the APAC region a

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Atome Financial Reports Profitability in Q1 2024

Atome Financial, a key player in Southeast Asia’s digital financial services, announced that it has achieved profitability in the first

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Former Mambu Exec Will Dale to Lead 10x Banking’s APAC Operations

Cloud-native core banking platform 10x Banking has announced the appointment of Will Dale as Regional Vice President for the APAC

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Jean-Pierre Brulard Steps in as Temenos CEO Following Hindenburg Allegations

Banking software company Temenos announced that Jean-Pierre Brulard will become its new CEO starting 1 May 2024. He will be

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Nium, Thredd Deepen Partnership for Virtual Card Solutions in APAC Travel Sector

Nium, a major player in real-time cross-border payments, has announced an expansion of its partnership with Thredd, a  global payments

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Flexible by Design: What Differentiates a Successful Payment Software Platform

In the ever-evolving landscape of payments, it is crucial to choose a payment platform from a vendor that can anticipate

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StanChart Debuts Open Banking Marketplace for Digital Transformations

Standard Chartered announced today the introduction of its Open Banking Marketplace, a comprehensive platform designed to facilitate easier access to

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Thunes Acquires Tilia to Offer Wider Payment Solutions in the U.S.

Global payments company Thunes has entered into a definitive agreement to acquire Tilia LLC, a U.S.-based payment platform specialised in

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Latest Industry Reports

Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times

In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista,

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Airwallex Report: Singaporean Shoppers Demand Payment Flexibility, Transparency

While concerns of volatile macroeconomic conditions persist into 2024, there are signs that point to continued growth in global cross-border

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Over Half of Surveyed Singapore Users Own Cryptocurrency

In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for

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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also

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Project Savannah, a Blueprint to Simplify ESG Integration for Small Businesses

In an era where sustainability is not just a preference but a necessity, the dialogue around environmental, social, and governance

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Are APAC Businesses Ready? Assessing Digital Preparedness in Finance

In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation

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Singapore Made Up 59% of ASEAN Fintech Deals in 2023 Amid Funding Winter

In the recent past, Singapore’s fintech sector has emerged as a beacon of innovation and growth within the ASEAN region.

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Top 10 Banking Trends in 2024 that Will Define the Sector

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving

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BNPL Profitability Remains Elusive Despite Rising Adoption

Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for

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Crypto Hack Volumes Slashed by 50% in 2023, Says TRM Labs

There has been a significant drop in crypto hacks in 2023, with a more than 50% decrease compared to the

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Singapore Outpaces Australia, US, and UK in Generative AI Trust, FIS Study Shows

A recent study by global payments service provider FIS found that Generative AI in Singapore exhibits higher rates of trust

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Will Generative AI Fundamentally Reshape Banking?

A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene

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6 Fintech Resources in Asia to Read in Preparation for 2024

In the dynamic world of fintech, staying informed about the latest trends and challenges is crucial for businesses and individuals

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Addressing the Silent Crisis of Failed Payments

In a global financial landscape where efficiency and accuracy are paramount, the challenge of failed payments is a significant hurdle

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Beyond Queries: How ChatGPT in Banking Unleashes Innovation

Financial services companies are increasingly taking advantage of ChatGPT and similar solutions. These technologies allow for the easy integration of

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