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Fintech firms Lightnet & WeLab partner to build Thailand’s virtual bank

Lighthub Asset, a Thai fintech company, and WeLab, a pan-Asian fintech platform, announced on Thursday that they have submitted an application for a Virtual Banking licence with the Bank of Thailand.

NextBold Capital eyes $100M fund to back SMEs in Vietnam, Cambodia, and Laos

NextBold Capital, a Vietnam-based private equity firm, is eyeing $100 million fund to back small and medium-sized enterprises (SMEs) in Vietnam, Cambodia, and Laos.

AI takes on the next sensory frontier: smell

Among the five human senses, AI development has advanced the furthest in the area of vision, with computers now easily able to identify and understand images. As for auditory perception, #AI is increasingly capable of comprehending human voice commands. On the other hand, olfaction remains a relatively unfamiliar domain for AI. However, the process of…

Proton : 87% of local suppliers express intention to collaborate with China suppliers in EV components

Survey shows 87 percent of Proton Holdings Bhd's suppliers intend to collaborate with China suppliers in electric vehicle (EV) component, the Malaysian national automaker said Wednesday.

IFC and the Carbon Trust join forces to cut emissions in emerging markets

In a move to help more companies decarbonize operations and reduce emissions along their supply chains, the International Finance Corporation (IFC), a member of the World Bank Group, and the Carbon Trust have agreed on a plan to work together to promote decarbonization strategies for companies in emerging markets and accelerate investments in green…

Singapore’s dtcpay & Visa announce partnership to advance the future of digital payments

The dtcpay and Visa partnership seeks to bridge the gap between traditional payments and digital currencies, enabling merchants to accept payments from this growing segment of UHNW customers, the company said.

Malaysia’s MYEG partners freight forwarders to promote ZTrade adoption for cross-border trades

Both MYEG and FMFF agreed to work together on several initiatives related to the positioning of ZTrade as the NSW for domestic trade as well as cross-border trade to and from Malaysia.

YouTube & Shopee partner in Southeast Asia e-commerce tie-up – report

With YouTube Shopping, Alphabet Inc and Shopee will be competing against TikTok, the Bytedance-owned video app, which has increased its ambitions for the region after taking control of Indonesia's biggest e-commerce platform Tokopedia.

How artificial intelligence impacts invoice fraud

As more organizations increasingly rely on automated systems, the sophistication of fraudulent invoicing schemes has also evolved, incurring significant financial losses. Ultimately, just as #AI has been fundamental to executing advanced payment #Scams, it is also essential to combating them.

Indonesia’s CarbonEthics bags $2.1M seed round seed round led by Intudo Ventures

With this round of financing, CarbonEthics will enhance its portfolio by securing additional carbon projects and recruiting top-tier technical experts to better serve the needs of its clients.