FinTech

Vietnam should speed up the update of its regulatory sandbox framework for financial technology (fintech) sector as the country has established international financial centers in Ho Chi Minh City and Danang and pursues a double-digit economic growth target.

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

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.

We believe the platforms that will shape the next chapter of wealth management won’t necessarily be the ones serving the most sophisticated investors. They’ll be the ones that bring the most people into the system for the first time and build the trust to keep them there. 

Bay Smart Capital Ventures Sdn Bhd (CapBay), a Malaysian FinTech company, is collaborating with the Malaysia Digital Economy Corporation (MDEC) through the MD Technology Financing Program to expand access to growth financing for Malaysia Digital (MD) Status companies.

Atome Philippines, under Singapore-headquartered digital finance platform Atome, has closed a PHP5 billion ($81 million) wholesale facility with Asia United Bank, securing local currency capital primarily to support the continued expansion of its PayLater Anywhere Card, which has now been issued to over 3 million Filipinos.

The OPEC Fund for International Development has provided a $50 million loan to Vietnam's Southeast Asia Commercial Joint Stock Bank (SeABank) to expand financing for small businesses and climate-focused investments across Vietnam.

Maybank Indonesia Syariah and Muslim Pro have launched Amanah Pro, an embedded Islamic banking experience that allows users of the Muslim Pro app to open a Shariah-compliant Hajj savings account in minutes through a paperless process.