FinTech
Malaysia’s GXBank, World Bank’s IFC to unlock $110M MSME financing in risk-sharing deal
Malaysia's digital bank GX Bank Berhad (GXBank) and the International Finance Corporation (IFC), a member of the World Bank Group, will jointly provide loan portfolio of up to $110 million to micro, small, and medium enterprises (MSMEs).
MoneyHero reports $15.8M in Q2 revenue, 10.1M members
MoneyHero reported second-quarter revenue of $15.8 million, down 13 percent year over year. Registered membership rose 17 percent to 10.1 million.
Singapore banks complete live SGD tokenized-deposit transactions
DBS, OCBC and UOB completed live domestic Singapore-dollar interbank transactions using tokenized deposits on Swift's blockchain ledger.
India plans AI-agent registry for UPI payments
NPCI is developing a registry to verify and monitor AI agents making transactions over India’s UPI as part of a planned Unified Agentic Protocol.
OpenAI launches ChatGPT for Financial Services
OpenAI has launched ChatGPT for Financial Services, combining GPT-6 Astra with premium financial data and workflows shaped by Morgan Stanley and Evercore.
World Bank launches initiative to help local financial institutions expand digital payments in emerging markets
The International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, has launched a risk-sharing initiative to help banks, fintechs, and other financial institutions in emerging markets expand access to digital payments for consumers and small businesses.
MAS says AI set to transform Singapore financial system
Artificial intelligence (AI) is set to become a foundational capability for financial institutions as technology advances rapidly, but stronger governance and cybersecurity measures will be needed to ensure its safe and sustainable adoption, Monetary Authority of Singapore (MAS) managing director Chia Der Jiun said.
Grab in talks to buy SoftBank-backed fintech firm Atome — report
Grab has been pursuing growth through both acquisitions and expansion of its existing businesses, according to the report. Earlier this year, Grab acquired US-based Stash Financial Inc at an enterprise value of US$425 million and bought Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million.
Krungsri renews Kyndryl core banking agreement for five years
Thailand's Krungsri renewed a five-year agreement with Kyndryl covering core infrastructure, mainframe services, automation and AI-enabled operations.
Ant International initiates Agentic Mobile Protocol globally; aligns with Mastercard, Visa on ‘Know-Your-Agent’ standards
Ant International, Mastercard, and Visa will collaborate on common "Know-Your-Agent" standards to verify the AI agents that make payments, as the three payment groups push to let autonomous software transact across their networks.
