Asia

US payments company Visa and China's Lianlian DigiTech have completed their first live business-to-business agentic transaction using LoopXPay, Lianlian's AI agent, in which the agent sourced a product sample from a supplier and completed the purchase within a single automated workflow.

ADM Capital announced Wednesday the final close of the ADM Capital Asia Climate-smart Landscapes Fund LP (ACLF) at $48 million, marking an important milestone for ADM Capital’s first impact fund dedicated to climate-smart land-use financing in Indonesia.

Novo Tellus, a Singapore-based investment firm focused exclusively on industrial and technology companies, announced Wednesday the closing of a significant investment in Russell Mineral Equipment (RME), a mill relining systems and aftermarket services firm for the mining and mineral processing industries.

The Securities Commission Malaysia (SC) and the Securities and Futures Commission of Hong Kong (SFC) have on Thursday signed a memorandum of understanding (MoU) on the mutual recognition and cross listing of covered funds, particularly exchange-traded funds (ETFs) and real estate investment trusts (REITs).

The United States-based enterprise software company ServiceNow (NYSE: NOW) will invest $40 million in India's BUSINESSNEXT, a banking and financial services software platform, to accelerate the adoption of AI-driven banking operations across Asia-Pacific.

As many as 65 percent of IT and security decision-makers in Singapore and Australia believe an AI-driven attack against their organizations is inevitable within the next 12 months, yet only 40 percent report being fully prepared with specific strategies for AI-driven threats.

As many as 93 percent of finance professionals globally are concerned about the integrity and verifiability of AI-generated insights, according to a survey.

The widening gap between AI governance at board and management level and the pace of technological advancement will continue to constrain the speed and scale of enterprise AI adoption in Asia-Pacific,

Singapore's Ant International has closed a Series A equity financing round of approximately $1.2 billion, with participation from existing investors Ant Group and Alibaba Group, alongside other unnamed international investment institutions.

Singapore-based Ant International has integrated its Alipay+ payment gateway with Argentina's national QR payment scheme Transferencias 3.0, enabling international visitors to make digital payments at merchants across the country using their home-market payment apps.