Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This development followed the 2022 collapse of Terra.

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Fintech News

JANUARY 9, 2024

The fintech landscape in the Asia Pacific (APAC) region has been evolving at a remarkable pace, with start-ups and established companies redefining how financial services are delivered and consumed. Today, we will explore five top fintech trends in the APAC region for 2024, supported by statistics and insightful information.

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Fintech News

MARCH 6, 2024

In celebration of this year’s International Women’s Day on 8 March, the Fintech News Network is unveiling its selection of ten of the most influential female fintech leaders in Asia Pacific (APAC). Their influence goes beyond their own organisations, significantly impacting the fintech sector across the entire APAC region.

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Fintech News

JANUARY 3, 2024

Fintech funding in APAC recorded a significant decline in H1 2023, dropping from US$6.8 billion in H2 2022 to US$5.1 Fintech funding in APAC recorded a significant decline in H1 2023, dropping from US$6.8 billion in H2 2022 to US$5.1 billion, the data show. billion, the data show.

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Fintech News

SEPTEMBER 9, 2024

Asia-Pacific (APAC) is home to one of the world’s fastest-growing fintech ecosystems in the world, featuring prominent players such as China’s Ant Group, India’s Paytm, and Australia’s Airwallex. Despite the strong presence of local fintech leaders, APAC countries are attracting fintech solutions from the Nordics.

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Fintech News

FEBRUARY 26, 2024

Banks in Asia-Pacific (APAC) are diversifying their offerings and embracing innovative digital strategies including super-app platforms, financial marketplaces and banking-as-a-service (BaaS) models. Indian bank and financial services company ICICI Bank is highlighted as one of the top BaaS providers in APAC. trillion by then.

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Fintech News

MARCH 6, 2024

This integration signifies Singapore as the inaugural country where Wise has connected with two local payment systems, building on its previous integration with the FAST system in 2022. The expansion has doubled the employee count to 450 at its APAC hub located in Paya Lebar Quarter, now covering 23,000 square feet.

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Fintech News

APRIL 1, 2024

Fintech Mergers and acquisitions (M&A) in Asia-Pacific (APAC) declined by nearly 15% in Q3 2023, with total deals dropping from 141 in Q2 2023 to 132 in Q3 2023, a report by market data and intelligence platform S&P Global Market Intelligence says. Mayer Brown’s Tan expects the trend to sustain this year. billion.

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Fintech News

JUNE 30, 2024

Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their advanced counterparts, driven by young employees and students, a new survey by Deloitte found. The rise of gen AI Businesses in APAC are actively experimenting and deploying gen AI.

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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. In 2022, malware incidents rose for the first time since 2018, reaching 5.5 trillion annually by 2025.

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The Fintech Times

SEPTEMBER 11, 2024

AU10TIX, a company specialising in identity verification and management, also reveals significant vulnerabilities in the Asia-Pacific (APAC) region, where financial-related identity fraud has been escalating. The post Automated Bot Attacks Surge on Social Media in 2024, AU10TIX Reveals appeared first on The Fintech Times.

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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. percent to a substantial 5.44

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Fintech News

AUGUST 5, 2024

Wise’s office space in Paya Lebar Quarter has been expanded to 23,000 square feet, making it its Asia Pacific (APAC) hub, where 450 employees work—more than double the number in 2022. Arvind Guruprasad has also joined Wise in Singapore as its APAC Head of Risk. She also held a country manager position early last year.

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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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Fintech News

DECEMBER 4, 2023

billion invested in 2022. billion in 2022 to a sizable US$17.3 increase from 2022’s US$10.59 These factors are also impacted the boarder fintech landscape which saw global funding pull back by 17% between H2 2022 and H1 2023. According to the report, global investment in ESG fintech will reach US$28.8 billion in 2023.

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The Fintech Times

DECEMBER 15, 2023

This strategic partnership underlines Sumsub’s commitment to driving innovation, establishing essential industry connections and contributing to the dynamic fintech ecosystem in Singapore and the broader APAC region.

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Fintech News

JANUARY 21, 2024

The Paris-based firm has experienced significant revenue growth and has been expanding its operations in the APAC region , with an office in Singapore in 2022. Featured image credit: Edited from Unsplash The post Flowdesk Raises US$50M, Plans Expansion and Regulatory Licensing in Singapore appeared first on Fintech Singapore.

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Fintech News

JUNE 18, 2024

Eight CMOs have been named among the most influential and purposeful marketers in Asia-Pacific (APAC), recognized by Campaign Asia-Pacific and DoubleVerify for their ability to adapt to new technologies, address critical issues such as climate change, diversity, equity, and inclusion (DEI), and focus on sustainability.

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The Fintech Times

APRIL 23, 2024

This collaboration underscores their ongoing partnership, which began with the signing of an agreement in January 2022. Accepting JCB payments through facilitators positions them to leverage the rising e-commerce spending by JCB cardmembers, which surged 52 per cent from 2021 to 2022.

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Fintech News

MARCH 4, 2024

With four stages and speakers from 15 APAC countries, the show invites exploration of trends, success stories, and investment strategies. Money20/20 ASIA is a central hub for the APAC fintech community, functioning as a nexus for major announcements and significant investment opportunities. Masakazu Osawa “Asia, home to 4.7

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Fintech Finance

JUNE 5, 2024

This collaboration, following a string of new C-level hires, will also support Thredd’s international expansion, offering clients across Europe and APAC the ability to run card programmes on the Discover Global Network as they grow and expand their geographical footprint.

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The Fintech Times

SEPTEMBER 10, 2024

Its 2022-2025 Fintech Development Plan sets out to build a ‘digitalised, intelligent, green and fair’ fintech sector, focusing on eight key objectives, including the development of digital infrastructure and enhanced fintech governance. The government has also been proactive in supporting fintech growth.

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Fintech Finance

APRIL 22, 2024

This is a significant milestone in the strategic partnership between Soft Space and JCB, which was signed in January 2022, and follows their successful central bank digital currency (CBDC) trial in December 2023, as well as the recent agreement to enable JCB acceptance for all HLB merchants.

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Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. billion to US$15 billion during the period.

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FICO

OCTOBER 18, 2022

Tue, 10/18/2022 - 10:50. . I’m proud to report that Naomi Palmer, one of FICO’s fraud consultants, won a silver award for ‘Team Player of the Year’ at the Women in Credit Awards 2022 , sponsored by Credit Strategy. Read Naomi’s post on European Card Fraud in 2021: Winners, Losers and Scams. See all Posts. Related posts.

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Fintech News

FEBRUARY 5, 2024

Singapore Dominates APAC Fintech Space Despite the global downturn in fintech investments, Singapore’s fintech sector had showed remarkable resilience, according to KPMG Pulse of Fintech H2’23 report. billion raised in 2022. This represents a 77 percent increase from the US$148.08 million across 24 deals for the year.

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Fintech News

JANUARY 14, 2024

The Monetary Authority of Singapore (MAS) took a significant step by launching the ESG Impact Hub in 2022. Australia’s ESG fintech sector is also gaining traction, ranking second within the APAC Region. Featured image credit: edited from freepik The post What to Expect From ESG Trends in 2024?

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Fintech News

MARCH 18, 2024

Monsinee Nakapanant, co-president of Ascend Money, told the Bangkok Post in May 2023 that TrueMoney aimed to have 50% of the Thai population using its services actively everyday by 2025 and sought to reach profitability that year. Roojai claims it experienced robust growth during its fiscal year 2023 starting April 2022 and ending March 2023.

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FICO

SEPTEMBER 5, 2022

Tue, 09/06/2022 - 10:00. The European Fraud Map we produce each year, with data from Euromonitor International , Consumer Finance 2022 Edition and UK Finance, has some good news and bad news for last year when it comes to fraudulent activity. UK Posts Largest Reduction in Fraud Losses. See all Posts. Related posts.

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The Fintech Times

APRIL 23, 2024

This decreased to seven per cent and 11 per cent in 2022 and 2023, respectively. The APAC region’s share of crypto fraud increased from approximately 15 per cent in 2021 to about 25 per cent in 2023. These include: In 2021, cryptocurrency was the most targeted sector with a 36 per cent share.

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The Fintech Times

APRIL 30, 2024

The appointment underscores Xceptor’s continued investment and penetration into the APAC region. He was most recently head of APAC at Duco. McLeod joins from HM Treasury, where she has served as advisor to the Chancellor of the Exchequer on growth, investment and business since October 2022.

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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. Next week, the Money 20/20 Asia event will make its debut in Bangkok, Thailand.

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The Fintech Times

JANUARY 18, 2024

The company has now raised a total of $51million since January 2022. The assets raised will fund Kiln’s global expansion, including the growth of its APAC division, and will also facilitate further product development by expanding its platform to encompass various reward mechanisms within DeFi.

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Fintech Finance

FEBRUARY 21, 2024

Vishal Dalal, CEO (North America, EMEA and APAC) at Pismo, adds: “Having Kani Payments join our partners’ network will help financial institutions to turbocharge report generations and submissions. The post Global Data Reporting Pioneer Kani Payments Partners with Pismo appeared first on Fintech Finance.

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Fintech News

MAY 2, 2024

In March 2024, Wise integrated with the PayNow network to enable tourists to make QR payments to Singaporean merchants via its app, its first such local payment system integration since its previous one with the FAST system in 2022. billion in fees in 2022 alone.

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The Fintech Times

AUGUST 8, 2024

Thredd, a global payments processor, launches LianLian Global ’s virtual card programme in the APAC market. The collaboration between Thunes and Alipay+ first began in 2022, when Thunes enabled Alipay+ for merchants in Europe. The post This Week in Fintech: TFT Bi-Weekly News Roundup 08/08 appeared first on The Fintech Times.

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Fintech Finance

JUNE 6, 2024

A recent report from FXC Intelligence revealed that 75% of publicly traded payments companies mentioned AI in earnings, compared to only 44% in 2022, showing the stark increase in interest of the emerging technology. The post payabl.

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