Fintech News

MAY 22, 2024

Data analytics company LexisNexis estimates that the cost of financial crime compliance in APAC will approach the US$45 billion mark in 2023, showcasing the substantial investment required to meet stringent compliance requirements. Transparently.AI (Singapore) Founded in 2021 and based in Singapore, Transparently.AI

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Financial Crimes Crime APACS Risk Assessment 75

Fintech News

OCTOBER 7, 2024

Hiroko Michishita Hiroko Michishita, Managing Director, JCB International Asia Pacific, said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore. ” The post Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei appeared first on Fintech Singapore.

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Alternative Payment Methods APACS Debit Card Volume 99

The Fintech Times

NOVEMBER 14, 2024

In Bahrain, the volume of e-wallet transactions almost tripled between 2020 and 2021. This has had a huge impact on the growth in outgoing remittances – which rose from $25billion in the early 2000s, to $134billion in 2021. In Morocco, as much as 75 per cent of people had used at least one emerging payment method in 2022.

FinTech 76

FinTech Payments Emerging Payments APACS 76

The Fintech Times

APRIL 22, 2024

Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC. per cent from 2022 to 2031. Globally the financing gap for formal MSMEs is an estimated $5.2

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Underserved Finance Technology APACS 67

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. Only four countries of the 18 we studied improved their card fraud performance in 2021. UK Posts Largest Reduction in Fraud Losses. This was done despite threat levels on credit cards, as measured by basis points, increasing by 32 percent in 2021. See all Posts.

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Scams Financial Crimes Credit Cards Push-to-Card 52

Finovate

MARCH 7, 2024

. “Having the license would allow us to integrate with the robust financial network in Singapore and collaborate with valuable industry players,” said the company’s Managing Director of APAC Rohit Narang. Currencycloud was acquired by Visa in 2021. Mike Laven is CEO.

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Multi-Currency Cross-Border APACS Cross-Border Payments 97

Fintech News

JANUARY 17, 2024

Tackling such sophisticated identity fraud will be a priority across APAC in 2024. APAC nations face unique fraud challenges In the Jumio report, a concerning picture emerges for the Asia-Pacific (APAC) region, where significant challenges related to fraud and identity issues are on the rise.

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Deepfake APACS Scams Authentication 112

FICO

MARCH 22, 2022

To better understand what was happening in the small business market FICO examined research conducted in 2019 and 2021 to provide a before and after comparison of lending demand and business sentiment in the two time periods. What do SMEs need from their banking providers post-pandemic?

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Posting Origination APACS Small Business 52

Fintech News

JUNE 3, 2024

Asia-Pacific (APAC) is one of the fastest-growing regions for cyber insurance, according to a S&P Global survey. annually, making APAC one of the most dynamic market in the world for the coverage type. Over the past five years, the region’s cyber insurance market has grown 51.2% trillion annually by 2025.

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Ransomware APACS Cybersecurity AI 95

The Fintech Times

APRIL 23, 2024

One firm at the top of its game is AU10TIX , the identity verification and management platform, as it has protected companies against over $18billion in business fraud since 2021. Building on success In 2023, AU10TIX prevented twice the fraud that it had in 2021. The announcement comes on the heels of AU10TIX’s launch of Digital ID.

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Transactions Verification Fraud Detection AI 62

Fintech News

JANUARY 21, 2024

The report notes a significant migration from the pass-through model to the MoR model, with travel agents acting as MoRs posting a compound annual growth rate (CAGR) of 43% from 2020 to 2022, a growth rate that’s more than double than that of the overall online travel agency market of 20% CAGR. year-over-year, with APAC experiencing an 11.7%

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FinTech Payments Visa B2B 95

The Fintech Times

OCTOBER 23, 2024

One of the poorest countries in the Asia-Pacific (APAC) region, East Timor, or Timor-Leste, is trying to foster economic development and growth, albeit while facing a number of challenges. The post Overcoming Huge Infrastructure and Inclusion Challenges: How Can Fintech Help Develop Timor-Leste? appeared first on The Fintech Times.

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Financial Inclusion FinTech Credit Union Financial Literacy 100

The Fintech Times

APRIL 23, 2024

.” After welcoming senangPay, a Malaysian payment facilitator, as the inaugural JCB payment gateway member, Soft Space aims to speed up the inclusion of additional acquirers and payment facilitators across the APAC region and beyond. Yoshiki Kaneko , president and CEO of JCB International Co Ltd.,

Payment Gateways 57

Payment Gateways Gateways Payment APIs and Integration Cross-Border Payments 57

The Fintech Times

OCTOBER 15, 2024

The majority of the APAC region’s adoption of the technology has been market-driven – however, in Australia, regulations have driven its development. The post Fintech’s Value in Australia Grows by 17,900% in Less Than a Decade appeared first on The Fintech Times.

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Cross-Border Payments Scams Non-Bank Cross-Border 52

FICO

OCTOBER 18, 2022

Read Naomi’s post on European Card Fraud in 2021: Winners, Losers and Scams. Listen to the recent FICO Fraud Matters Podcasts “Around the World in Scams”; Episode 5 focuses on scams in the EMEA and APAC regions , while Episode 6 focuses on scams in NORAM and LAC. See all Posts. Related posts. Gareth Williams.

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Scams Consulting Financial Crimes APACS 52

Fintech News

FEBRUARY 19, 2024

Visa saw great value in that and became a partner and investor in 2020, before acquiring us in 2021 ,” said Rohit. In 2021, Visa acquired Currencycloud in a deal valued at US$963 million, with the primary aim of enhancing transparency, flexibility, and control in cross-border payments.

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Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 103

Fintech Finance

FEBRUARY 29, 2024

In 2021, an amendment to Japan’s Payment Services Act lifted cross-border transfer caps for Type 1 license holders, to lower the cost of money transfers in and out of the country. .” It marks a pivotal moment for the company as it expands its footprint and enhances its capabilities in the dynamic markets across APAC.

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Funds Transfer Cross-Border Cross-Border Payments Security 52

Finovate

AUGUST 27, 2024

Zeta Co-Founder, Global CTO, and CEO APAC Ramki Gaddipati referred to CLOU as “a credit superhighway.” The company returned the following year to demo its modern, cloud-native, omni stack banking platform at FinovateFall 2021. Zeta achieved unicorn status that year courtesy of a $250 million round led by SoftBank.

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Origination APACS Underwriting Product 59

Fintech Finance

MARCH 19, 2024

Banking-as-a-Service (BaaS) provider, B4B, who has operated in the US since 2021, are now migrating their card payment processing to Thredd to further extend the companies’ partnership from the UK and Europe. The post Thredd Announces Expansion Into the United States Card Issuing Processing Market appeared first on Fintech Finance.

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Process Processors APACS Use Case 52

Fintech News

JUNE 10, 2024

Forbes has released its annual 30 Under 30 Asia list, recognizing the entrepreneurs, artists, athletes, and changemakers who are leading transformative initiatives across key industries in the Asia-Pacific (APAC) region. Following a successful pilot launch in 2021, EduFi began disbursing loans earlier this year.

FinTech 118

FinTech Non-Bank Finance AI 118

The Fintech Times

SEPTEMBER 10, 2024

Its 14th Five-Year Plan (2021 to 2025) focuses on high-quality, green development and places innovation at the heart of progress. Crypto change China banned cryptocurrencies like Bitcoin in 2021 , shifting its focus to developing its own central bank digital currency (CBDC).

FinTech 57

FinTech Online and Mobile Banking Digital Currency Central Bank 57

Fintech News

JANUARY 18, 2024

In the Asia-Pacific (APAC) region, 11 out of the 13 profitable digital banks , including South Korea’s Kakao Bank, India’s Paytm Bank, and China’s AIBank, WeBank, XW Bank, and MyBank, are redefining banking paradigms. This not only boosted the accessibility of SME loans but also contributed to the bank’s growth.

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APACS Finance Cross-Border Ubiquitous 107

Fintech News

JUNE 20, 2024

Even more reassuring, 54% of FSIs surveyed in EMEA, USA, and APAC are already embedding AI into their offerings or expanding their initiatives, and 61% plan to use Gen AI in 2024. Will Generative AI in payments accelerate financial institutions on their path to increased revenue and cost optimisation?

Use Case 117

Use Case AI Multi-Currency Payments 117

Fintech News

OCTOBER 22, 2024

YouTrip has experienced significant growth in Singapore and Thailand, with its user base tripling between 2021 and 2023. Syfe currently serves over 100,000 customers in Singapore and is now looking to expand to other Asia-Pacific (APAC) markets, including Hong Kong and Australia.

FinTech 104

FinTech Multi-Currency Online and Mobile Banking APACS 104

The Fintech Times

OCTOBER 25, 2024

In 2014, only 53 per cent of adults in India had bank accounts, but by 2021, this figure had risen to 78 per cent. India’s insurtech sector is the second largest in the Asia-Pacific (APAC) region and is projected to grow 15-fold, reaching $88.4billion by 2030, positioning India as one of the world’s fastest-growing insurance markets.

Digital Payments 57

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 57

The Fintech Times

OCTOBER 21, 2024

The same report also highlights that the country is one of the Asia Pacific (APAC) region’s fastest emerging fintech hubs. The post Can New Zealand Capitalise on Positive Steps to Bolster its Fintech Landscape? Fintech could potentially support closing these gaps. appeared first on The Fintech Times.

FinTech 52

FinTech Economy APACS Financial Inclusion 52

Fintech News

MAY 19, 2024

Twimbit, a Singaporean research and advisory firm, identifies data monetization as one of the biggest growth opportunities for banks in Asia-Pacific (APAC), which, alongside super-app platforms, financial marketplaces, banking-as-a-services and buy now, pay later (BNPL) arrangements, are projected to contribute over 40% of banking revenue by 2030.

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Rules Non-Bank Audit Central Bank 79

Fintech News

APRIL 16, 2024

The event is poised to provide a comprehensive platform for professionals across the Asia-Pacific (APAC) region to explore the latest advancements in fintech across a wide range of sectors, including payments, banking, regtech, insurtech, lending, and more. In 2021, it recorded 9.7

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FinTech Bots Central Bank Innovation 113

Fintech News

FEBRUARY 20, 2024

Xendit claims more than 3,000 customers, among which Samsung Indonesia, Grab Pay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback, and says it tripled annualized transactions from 65 million to 200 million between 2021 and 2022, and increased total payments value from US$6.5 monthly active users in 2021.

FinTech 112

FinTech Payment APIs and Integration Online and Mobile Banking Security 112

Fintech Finance

APRIL 22, 2024

If they can start accepting JCB payments through payment facilitators, they are well-placed to capitalise on the rapidly growing international e-commerce spending by JCB cardmembers, which has increased by 52% from 2021 to 2022. Yoshiki Kaneko, President and Chief Executive Officer of JCB International Co.,

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration SDN 52

The Fintech Times

APRIL 23, 2024

Another session that caught our eye on the Vision stage included ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’, a presentation and discussion with Masakazu Osawa , managing executive officer and chief executive, APAC at MUFG Bank, which outlined how MUFG identifies and collaborates with promising startups.

Payment APIs and Integration 57

Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 57

The Fintech Times

APRIL 25, 2024

Nium, the real-time cross-border payments company, has expanded its partnership with Thredd , the payments processor, to issue virtual cards in the APAC region. Following the launch of its asset finance arm in January 2021, Allica says over the past 12 months it has lent almost double the amount it lent in the previous two years combined.

FinTech 57

FinTech Payment APIs and Integration Alternative Payment Methods Cross-Border Payments 57

Fintech News

MARCH 18, 2024

According to the report, cashless payments are now widespread in Thailand, reaching an adoption rate of 94% in 2021. Ascend Money secured its latest round of financing in 2021, closing a US$150 million Series C at a valuation of US$1.5 since 2021. billion and becoming Thailand’s first fintech unicorn. The company claimed 4.2

FinTech 97

FinTech Online and Mobile Banking Blockchain Product 97

Fintech News

JUNE 6, 2024

From December 2021 to January 2022, close to 800 individuals fell victim to an SMS phishing scam where fraudsters impersonated OCBC. “Many financial organisations are already adopting biometric and liveness detection technologies to strengthen their fraud prevention systems,” said Frederic Ho, Vice President of APAC at Jumio.

Scams 94

Scams Phishing Deepfake Verification 94

The Fintech Times

JANUARY 4, 2024

In 2021, Tuvey founded Vertice to help businesses reduce their annual software spend by 20-30 per cent. We now manage over $1.1billion of SaaS spend for high-growth customers across the world and we are rapidly growing across the US, Europe and APAC. The post Behind the Idea: Vertice appeared first on The Fintech Times.

Payroll 57

Payroll APACS Product Technology 57

FICO

SEPTEMBER 7, 2022

The Looming Post-Pandemic Downturn. higher than in Q1-2021. In July 2021, around one in five (21.6%) households from the lowest income quartile reported being in financial distress. Bruce has worked directly with dozens of businesses in 27 countries across EMEA and APAC. See all Posts. Related posts.

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Risk Risk Management Consulting Consumer 52

The Fintech Times

FEBRUARY 13, 2024

Since 2021, Moneyline has successfully partnered with Ordo for Request to Pay open banking services. Startupbootcamp Australia, one of the world’s largest industry-focused accelerators, has appointed Tim Poskitt as its new MD for fintech in the APAC region.

FinTech 62

FinTech Consulting Advisors Credit Cards 62