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.

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Fintech News

FEBRUARY 20, 2024

Zühlke Group, a Swiss-based IT service management company, has announced the appointment of Eric Cheung as its new CEO for the Asia Pacific (APAC) region. In his new role, Cheung will oversee the company’s operations across APAC in collaboration with the APAC executive board.

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Fintech News

APRIL 23, 2024

Cloud-native core banking platform 10x Banking has announced the appointment of Will Dale as Regional Vice President for the APAC region. He will be based in Singapore, where he will oversee the expansion of 10x Banking’s operations across APAC.

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Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. Research by Sumsub shows that one in every 100 users of digital platforms globally became a victim of fraud ring activities in 2023.

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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

JANUARY 3, 2024

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

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Currencycloud

FEBRUARY 22, 2024

One of the most visible drivers in the Asia-Pacific (“APAC”) economy in 2023 has been the rapid adoption of digital technology combined with the innovations that arose during the COVID-19 pandemic.

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Fintech Finance

SEPTEMBER 12, 2024

The partnership is focused on enhancing cross-border payment services for e-commerce merchants in APAC. Integrating with Unlimit enables businesses all around the world to smoothly and efficiently expand across APAC, EMEA, LATAM, the UK, India, and Africa. significant surge in import-export volume in 2023. rise in exports.

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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

FEBRUARY 8, 2024

In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth.

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Fintech News

FEBRUARY 5, 2024

million in the second half of 2023. 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. In 2023, Singapore’s fintech sector raised a total of US$2.20

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The Fintech Times

MARCH 1, 2024

In late December 2023, STICPAY , the global e-wallet service provider and payment gateway introduced new local payment methods for money-in across various countries. The post STICPAY Builds on Local Payment Method Integrations in APAC With New Partners appeared first on The Fintech Times.

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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

MAY 22, 2024

The Global State of Scams 2023 Report by the Global Anti-Scam Alliance (GASA) and ScamAdviser reveals a severe global increase in scams. Among the top 50 financial crime tech companies named in FinCrimeTech50 , four originate from APAC and represent the region’s financial crime technology pioneers.

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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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PCI Security Standards

OCTOBER 31, 2023

Do not pass up the chance to collaborate and gain knowledge on the latest developments in payment security at the upcoming 2023 PCI SSC Asia-Pacific Community Meeting. Below Brian Odian , Director - APAC Managed Compliance Services, VikingCloud provides a preview of his presentation on Compliance is a Program, Not a Project.

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The Fintech Times

SEPTEMBER 12, 2024

Enhancing cross-border payment services for e-commerce merchants in APAC, Unlimit , the global payments fintech has partnered with Shoplazza , the AI-commerce tech firm. per cent significant surge in import-export volume in 2023. According to the State Council ’s data, China’s cross-border e-commerce experienced a remarkable 15.6

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Fintech News

JUNE 3, 2024

The Asia-Pacific (APAC) region faces significant challenges in combating money laundering due to its diverse economies, large volume of cross-border trade, and varying levels of regulatory enforcement across different countries — the trends of money laundering in Asia Pacific are constantly evolving.

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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

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. billion attacks and growing 2% year-on-year (YoY), according to the 2023 SonicWall Cyber Threat Report.

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Fintech News

MAY 14, 2024

Asia Pacific recorded the highest digital payment transaction value in 2023, worth US$ 29,063 billion and accounting for 52% of the global total. With cards being the most popular payment method in the region, credit and debit cards are expected to generate the bulk of new sales over the 2023-2028 period.

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Fintech News

MAY 29, 2024

In 2023, e-wallets were used for 70% of online spending in the Asia-Pacific region. In Singapore, this trend is expected to continue, with digital wallet usage projected to account for more than half of all online transactions by 2027, compared to 32% for credit cards, which is a decline from 42% in 2023.

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Fintech News

SEPTEMBER 10, 2024

Genesis’ collaboration with Indonesia’s Superbank, announced in August 2023, will provide up to US$40 million in venture debt to tech startups in Indonesia. Returning investors from the first fund include Aozora Bank, Korea Development Bank, Mizuho Leasing, Sassoon Investment Corporation, and Silverhorn.

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Fintech News

JULY 10, 2024

Sumsub established its first APAC headquarters in Singapore in July 2023. Sumsub will host a roadshow, “Comply to Fortify: APAC Anti-Fraud Roadshow,” across key cities in the Philippines, Malaysia, and Indonesia to showcase its solutions and their benefits for businesses.

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Fintech News

DECEMBER 4, 2023

billion in 2023. billion in 2023. billion in ESG fintech in 2023. The sum represents more than 80% of total in-house spend in 2023, and a 35.6% External ESG fintech investment, on the other hand, is experiencing a contrasting trajectory, plummeting by more than 30% in 2023 to reach US$11.5 billion in 2024.

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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. per cent of all transactions being fraudulent.

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Fintech News

JANUARY 7, 2024

This announcement comes after the initial in-principle approval (IPA) that Upbit Singapore had received in October 2023. The firm said that the acquisition of the license marks a significant milestone for its Singapore entity, as it now joins the ranks of regulated digital asset businesses within the Upbit APAC group.

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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. Wise says its customer base in Singapore has grown 26% year-on-year (YoY).

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Fintech Finance

MAY 28, 2024

This year, Nium reported a 110% increase in revenue from its travel business in the APAC region, highlighting the growing demand for reliable and efficient payment solutions in the dynamic travel industry. In 2023, APAC had reached 65% of pre-pandemic travel levels, making it one of the world’s fastest-growing travel markets.

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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 14, 2024

The year 2023 brought several challenges to the global fintech landscape, including economic uncertainties and geopolitical tensions. Source: KPMG Global Pulse of ESG Fintech 2023 Emergence of ESG Fintech Hubs ESG fintech hubs are on the rise globally, and Asia Pacific is no exception.

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Fintech News

SEPTEMBER 18, 2024

Given a reported 20% increase in financial crimes in the APAC region over the past year, Aspire has specialised teams working closely with risk, IT compliance, and legal departments to maintain a solid IT security framework. Aspire serves over 20,000 businesses globally, including clients like AirAsia, Love Bonito, and Pizza Hut.

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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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Fintech News

SEPTEMBER 17, 2024

A new report by CMSPI, an American payment consultancy, produced in collaboration with Amazon, explores payment trends and regulations in Asia-Pacific (APAC), focusing on the impact of rising card fees on merchants and the regulatory responses to these challenges. of total payment value in 2023. of all transactions and 29.5%

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Fintech Finance

DECEMBER 13, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces its wholly owned subsidiary, GCS APAC, has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS). billion) in 2023 – at a CAGR of 12.3%, – this strong momentum is expected to continue, reaching SGD29.4

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The Fintech Times

JUNE 20, 2024

Having initially partnered with Trulioo in 2023, Capital.com is now expanding the use of the identity verification platform’s ‘Person Match’ offering to 17 countries across EMEA, APAC and Latin America.

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Fintech News

JUNE 19, 2024

This follows Zodia Custody’s establishment of Australian operations in late 2023, marking a strategic expansion into the APAC region. NAB Ventures’ involvement underscores the potential Zodia Custody holds in providing a secure foundation for the digital asset ecosystem both in Australia and globally.

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