Fintech News

SEPTEMBER 1, 2024

Cambodia and South Korea have officially launched a new cross-border payment system. This system, currently in its first phase, allows customers of Jeonbuk Bank in South Korea to make seamless payments to merchants in Cambodia using Bakong (KHQR) QR codes. The launch ceremony, held in Phnom Penh, was attended by senior officials, including Dr. Chea Serey, Governor of the National Bank of Cambodia, and Kim Tae Hyun, Vice President of Jeonbuk Bank.

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Finextra

SEPTEMBER 1, 2024

Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.

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Fintech News

SEPTEMBER 1, 2024

Singapore’s OCBC Bank experienced technical difficulties on 1 September (Sunday) that temporarily disrupted its internet and mobile banking services. Customers encountered challenges accessing their accounts and conducting online transactions. The bank assured that customer funds were not affected during the service disruption, and no customer data was compromised.

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The Fintech Times

SEPTEMBER 1, 2024

Aryza Group has increased its presence in the Asia Pacific region by acquiring Axcess Consulting Pty Ltd, an Australian company that provides loan management software. Founded in 1991, Axcess offers a SaaS platform designed for non-bank lenders to manage loan origination, underwriting and portfolio management. This acquisition is Aryza’s ninth since 2019 and supports its strategy to expand its software solutions across the global credit-debt lifecycle.

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Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

Best Practices

Fintech News

SEPTEMBER 1, 2024

The Singapore subsidiary of crypto exchange OKX has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows OKX to offer a broader range of digital payment services in compliance with local regulations. The approval follows the in-principle approval granted by MAS in March 2024. Gracie Lin In tandem with this milestone, OKX has appointed Gracie Lin as the new CEO for its Singapore operations.

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The Fintech Times

SEPTEMBER 1, 2024

10x Banking , the cloud-native core banking platform, is partnering with SunTec Business Solutions , a relationship-based pricing and billing provider, enabling banks to offer personalised and contextual products, services and offers to their customers, across corporate, SME and retail banking. Through the new partnership, 10x Banking and SunTec will look to deliver flexible, tailored banking capabilities to large and medium-sized financial institutions and help them strengthen their customer re

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The Finance Weekly

SEPTEMBER 1, 2024

Apple announced that its Chief Financial Officer (CFO) Luca Maestri will be stepping down starting January 1, 2025. But he is not departing from Apple permanently, instead, he will transition from his role as CFO to lead the Corporate Services team. This role encompasses information systems and technology, information security, and real estate. He will report directly to Tim Cook.

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Fintech News

SEPTEMBER 1, 2024

Network for Electronic Transfers ( NETS ) has announced the appointment of Jeremy Soo , Managing Director and Head of Consumer Banking Group at DBS Singapore, as its new Chairman, effective 1 September 2024. Jeremy Soo Soo will take over from Susan Hwee, who has chaired NETS since 1 September 2021. Hwee, currently Head of Group Technology and Operations at UOB, will transition to the role of Head of Group Retail at UOB starting 1 September.

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The Paypers

SEPTEMBER 1, 2024

UK-based business bank Allica has announced its acquisition of bridging lending Tuscan Capital , aiming to further extend its commercial finance product offering.

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Nanonets

SEPTEMBER 1, 2024

Managing receipts can be a challenge, but the right app can simplify the process.  We’ve researched 25+ free and paid receipt apps to bring you the best options based on cost, advanced features, user ratings, and more. Whether you’re a freelancer seeking a free tool or a business in need of advanced functionality, our curated list will help you find the perfect app to streamline your receipt management.

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Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

Payments

The Paypers

SEPTEMBER 1, 2024

Africa-based cryptocurrency exchange Quidax has been granted a provisional operating licence by Nigeria's Securities and Exchange Commission.

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The Fintech Times

SEPTEMBER 1, 2024

Although it may not seem front and centre to customers, corporate payments and treasury operations are a key part in ensuring a good customer experience. To ensure this aspect of a firm’s infrastructure can continue to play a pivotal role in retaining users, paytech Numeral has collaborated with HSBC Innovation Banking UK to embed its payment and account services via Numeral APIs.

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