FinTech

Asia United Bank (AUB), a publicly listed universal bank in the Philippines, is enabling more local merchants to accept cross-border digital payments from Hong Kong SAR, South Korea, and Malaysia via Alipay+ and AUB PayMate.

Global financial crime compliance costs for financial institutions totals more than $206 billion, according to LexisNexis® Risk Solutions released on Wednesday. The cost is comparable to more than 12 percent of global research and development (R&D) expenditure and equates to $3.33 per month for each working-age individual on earth.

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, announced on Tuesday that it has successfully raised debt of $27 million. The funding was led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP), and…

Chinese digital payment firm Ant Group has officially welcomed seven new leading e-wallets and payment apps from Asia to the “Alipay+-in-China” Program (A+China Program). The new additions bring the total number of overseas e-wallets accepted in the Chinese mainland to ten.

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has launched audax Financial Technology (audax), a digital banking technology solutions provider. The platform is designed to empower banks and financial institutions to accelerate their digital transformation, deliver new business models, serve new customer segments and…

Bank Mandiri is collaborating with the fisheries startup FishLog to support MSMEs.

Analysts of UnaFinancial has projected that share of fintech in the gross domestic product (GDP) of Singapore will reach 3.56 percent in 2027. In 2022, 0.32 percent of Southeast Asia (SEA)’s GDP consisted of venture and other investments in the fintech industry. By 2027, this share is projected to reach 1.65 percent, growing five times.

The International Finance Corporation (IFC) and Amartha, an Indonesian microfinance fintech platform, have developed an innovative funding solution to boost access to finance for women-owned micro-enterprises.

This partnership aims to strengthen investor protection in the digital asset space while supporting the development of Hong Kong’s digital asset market with advanced tech-enabled solutions.

The acceptance of three new mobile wallets, via Alipay+, comes as travellers return to the Philippines.