FinTech
Indonesia and Malaysia announce commercial launch of cross-border QR payment linkage
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have on Monday announced the commercial launch of the Indonesia-Malaysia cross-border QR payment linkage. The commercial launch of this linkage follows from the successful completion of the pilot phase of the linkage announced on January 27, 2022.
MAS imposes further additional capital requirement on DBS Bank for disruption of banking services
The Monetary Authority of Singapore (MAS) has imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement, following the widespread unavailability of DBS Bank’s digital banking services on March 29 and a subsequent disruption to its digital banking and automated teller machine (ATM) services on May 5.
Singapore’s Advance Intelligence raises $80M funding led by Warburg Pincus, Northstar
Advance Intelligence Group, a Singapore-based artificial intelligence (AI)-driven technology company, has on Wednesday announced it has raised $80 million from an investor consortium led by existing investors Warburg Pincus and Northstar Group.
BigPay announces leadership transition as Capital A commits to sustain growth in fintech business
BigPay, a Capital A venture company and fintech firm based in Malaysia, has announced the appointment of Zubin Rada Krishnan as its Acting Group Chief Executive Officer.
South Korea’s Kakao Pay acquires majority stake in Siebert Financial Corp
Kakao Pay, a fintech subsidiary of Korean-based conglomerate Kakao Corp., has on last Thursday announced an agreement to purchase a 19.9 percent stake in United States-based brokerage firm Siebert Financial Corp for approximately $17 million.
Singapore digital wealth management platform Endowus officially launches in Hong Kong
Endowus, a Singapore-based wealth management platform, has on Wednesday announced the official launch of its digital wealth management services in Hong Kong. Hong Kong is Endowus’ first overseas expansion market after Singapore.
Bridging global and local markets: A conversation with Monnai Co-Founder Pierre Demarche [Q&A]
In this TechNode Global Q&A, Pierre Demarche, Co-Founder of Monnai, discusses the challenges faced by players in the FinTech industry and the company's recent fundraising activities.
Robocash : FinTech development has a positive effect on people’s overall happiness
Robocash Group sees FinTech development has a positive effect on people's overall happiness, due to strong correlation of 0.74 between happiness and fintech indices.
Airwallex launches global payments in Canada further building on expansion in Americas
Australia-based FinTech firm Airwallex has on Wednesday announced the launch of its global payments services in Canada.
UOB partners Lazada for enhanced payments and financial services in Southeast Asia
Singaporean multinational banking group United Overseas Bank Limited (UOB) and international e-commerce company Lazada Group have entered a Memorandum of Understanding (MOU) to collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets, namely Singapore, Malaysia, Indonesia, Thailand and…
