Asia

Ant International, HSBC and Swift have on Wednesday completed a successful Proof of Concept (POC) for the cross-border transfer of tokenized deposits using ISO 20022 standards.

Vietnam-based information technology (IT) services provider FPT, through its subsidiary in Japan, and the Japanese tech firm SCSK Corporation (SCSK) have announced the establishment of a joint venture named COBOL PARK Co., Ltd. (COBOL PARK), to address legacy system challenges.

NayaPay, a Pakistan-based fintech platform, has launched global QR payments in collaboration with Alipay+, Ant International’s global wallet gateway.

Vingroup has announced the signing of a memorandum of understanding (MoU) with the government of Telangana for a proposed investment of $3 billion, to be implemented in a phased manner for developing a multi-sector ecosystem in the state.

Vietnam-based information technology (IT) corporation FPT is acquiring up to a 10 percent stake in Blueward, formerly ISTN and South Korea’s independent SAP consulting and IT services firm, to reinforce SAP enterprise resource planning (ERP) capabilities and accelerate digital transformation in the region.

Audax Financial Technology, a Singapore-based digital banking technology solutions provider supported by Standard Chartered, has partnered with 10x Banking, the cloud-native core banking platform, to to accelerate digital banking modernization across Asia Pacific (APAC), Europe, and the Middle East.

Malaysia-based private equity firm Creador announced Monday its investment into La Renon Healthcare by acquiring a 7 percent stake from the promoter and existing investor Peak XV Partners (formerly Sequoia India).

South Korea’s digital life insurer Kyobo Lifeplanet Life Insurance and Singapore's insurtech bolttech have signed a strategic agreement to collaborate on building innovative digital insurance distribution solutions for Korea and beyond.

Airwallex, the Australian-founded financial platform, has raised $330 million in a Series G funding round, led by Addition and with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures.

Artificial intelligence (AI)-assisted software development will drive workforce recalibration in Asia Pacific and Japan (APJ) region, while markets that encourage responsible AI will drive APJ’s next wave of innovation, said Marcus Low, Vice President and Managing Director, APJ, Sonar.