FinTech

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Bank Negara Malaysia (BNM) and Bank of Thailand (BOT) have on Thursday signed a memorandum of understanding (MoU) to strengthen joint efforts in cybersecurity and digital fraud protection.

The Southeast Asia (SEA) FinTech startup ecosystem witnessed a total of $193 million in funding, which marks a 66 percent drop compared to the $584 million raised in the first quarter of 2024 and a 30 percent decline from the $274 million raised in the fourth quarter of 2024, Tracxn said Thursday.

Airwallex, the global payments and financial platform, has on Wednesday reported strong FY2024 performance in Singapore.

Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have on Tuesday launched phase 2 of the cross-border QR payment linkage between Malaysia and Cambodia.

TrueMoney Malaysia, part of the region-leading Ascend Money financial platform, has on Tuesday announced the launch of its international remittance (IR) services in Malaysia.

Security Bank, a financial institution in the Philippines, has partnered with global digital security firm Entrust to enhance the bank’s electronic know your customer (eKYC) process.

ASG2 Pte Ltd, a subsidiary of Aspire, a Singapore-headquartered finance platform, has on Thursday announced that it has secured the capital markets services license (CMS) from the Monetary Authority of Singapore (MAS).

Nexus Global Payments (NGP) has on Thursday announced that it has been formally incorporated as a company limited by guarantee in Singapore to operationalize and manage the Nexus scheme for enabling safe and instant cross-border payments at scale.