Financial Technology

TaishinPay QR payment now available in South Korea

The Taiwanese digital service also plans to include two-way ATM withdrawal capabilities.

TaishinPay QR payment now available in South Korea

The Taiwanese digital service also plans to include two-way ATM withdrawal capabilities.

UOB, Keppel to offer sustainable and digital solutions to SEA businesses

The primary objective of these solutions is to assist companies in their endeavours to achieve decarbonisation.

KakaoBank modernises data management system

The mobile-only bank targets to modernise its data management system.

Cambodia's Sathapana Bank incorporates AI for credit risk management

It aims to power its credit risk management with Artificial Intelligence (AI).

Hong Kong’s SFC to allow crypto trading

Final guidelines for crypto investment will become effective starting 1 June 2023.

Indonesian fintech SkorLife raises $4m in seed funding

The funding aims to promote responsible borrowing and fair credit practices in Indonesia.

Australia-based CoinJar lays foot on US grounds

The CEO remains confident despite regulatory risks.

Zubin Rada Krishnan joins BigPay as group CEO

The company plans to launch in Thailand, Indonesia, and the Philippines within the year.

Digital finance platform Funding Societies has disbursed $3b of funding to SMEs

The company offers lending, payments, and collections services.

Global fintech funding down in 2022: S&P

S&P Global expects fintech funding to rebound in 2023

Filipinos spent over 4 million hours using e-wallets in 2022: study

The country’s growing population will push the active user base higher.

Did digital banks fail to disrupt?

Most became niche players, yet served their regulatory purpose, said McKinsey associate partner Hernán Gerson.

Weekly Global News Wrap: Nomura cuts entertainment budget; crypto bank Silvergate closes down

And Bank of America CEO says he and the bank are “capitalist” as anti-ESG critics gain steam.

Southeast Asian banks’ well-placed to ride fintech’s digital disruption: Moody’s

Supportive regulation, digital investments, and fintechs slowing growth will play to banks’ favor.

Philippines central bank OKs use of international sim for GCash services

The beta launch will be available for 1,000 users in Japan, Australia, and Italy.

Fintechs scale back and fold as funding channels dissipate

The high interest rate, low growth environment has made VCs and private equities more selective on where to invest

Taiwan’s FSC accelerates financial cybersecurity measures with new action plan

Some measures include appointing Chief Information Security Officers.