Money20/20 Asia 2024: A Deep Dive into Fintech Trends and Strategies
Money20/20 Asia 2024 in Bangkok has featured insightful sessions, keynotes, and announcements, highlighting fintech innovation, collaboration, and strategies for financial inclusion and fraud prevention. 24 April 2024 – Money20/20 Asia 2024, the premier event in the fintech calendar, is currently unfolding in Bangkok, Thailand, from April 23rd to April 25th. This highly anticipated three-day event has drawn industry leaders,...
Mox Bank Named Among Fastest-Growing Digital Banks Globally by Oliver Wyman
Mox Bank Limited has been recognized as one of the fastest-growing digital banks globally by Oliver Wyman. The acknowledgment highlights Mox’s remarkable growth and innovative product offerings, with its CEO emphasizing a commitment to customer needs and agility in delivering solutions. 23 April 2024 – Mox Bank Limited (“Mox”) has earned recognition from global management consulting firm Oliver Wyman as one of...
Islamic Banking on the Rise: Mambu Study Reveals Growing Trend Among Millennials and Gen Z in Southeast Asia
Mambu’s research reveals that millennial and Gen Z Muslims in Southeast Asia, particularly in Malaysia and Indonesia, are increasingly embracing Islamic banking, with significant interest in Shariah-compliant products. The study underscores the importance of technology and ethical investments in banking services. 23 April 2024 – A recent study conducted by Mambu, a leading SaaS cloud banking platform, has unveiled a...
Intix Showcases Innovative Payment Data Management Solutions at Money 20/20 Asia
Intix, a payment data management expert, will exhibit its solutions at Money 20/20 Asia, emphasizing efficiency and transparency in payment operations. 23 April 2024 – Intix, a leading expert in payment transaction data management, is set to showcase its innovative solutions at this year’s Money 20/20 Asia event. With a booth located at Kiosk K16, the Intix team will engage attendees in discussions on enhancing efficiency...
Axaipay Introduces Enterprise Payment Solution for Enhanced Business Efficiency and Security
Axaipay introduces an advanced enterprise payment solution catering to large businesses’ complex needs, offering enhanced control and security measures. With seamless integration and robust support, Axaipay reaffirms its commitment to empowering businesses in the digital economy. 22 April 2024 – Axaipay, a leading payment solution provider founded by Malaysians for Malaysians, has unveiled its latest innovation tailored...
Ant International to Create 500 Jobs with New Digital Business Center in Malaysia
Ant International announces plans to establish a digital business center in Malaysia, creating 500 jobs in its first year and focusing on tech roles such as software development engineers. Through partnerships with organizations like MDEC, the company aims to accelerate fintech innovation while contributing to Malaysia’s digital economy objectives. 19 April 2024 – Ant International, a leading digital payment and financial...
Cognizant and FICO Forge Alliance to Combat Fraud in Real-Time Payments with Innovative Cloud-Based Solution
Cognizant and FICO join forces to introduce a cloud-based real-time payment fraud prevention solution, leveraging AI and ML technologies to enhance security for banks and payment service providers in North America. The collaborative initiative aims to detect and block fraudulent transactions with precision, offering a seamless and secure consumer experience amid the proliferation of instant digital payments. 18 April 2024 –...
Seedflex Technologies Secures Funding to Launch Innovative Digital Financing Solution Across Southeast Asia, Bridging Credit Gap for Cashless Merchants
Seedflex Technologies secures seed funding from 500 Global to launch its shariah-compliant digital financing solution, PAYS Advance, across Southeast Asia, starting with Malaysia. PAYS Advance offers frictionless credit access for cashless merchants, aiming to empower MSMEs and bridge the digital credit gap in emerging markets. 18 April 2024 – Seedflex Technologies (Seedflex), a pioneering inclusive fintech company, has...
Brankas Makes History as First Indonesian Company Licensed for Account Information Services by Bank Indonesia
Brankas secures the prestigious PJP Category 2 license from Bank Indonesia, becoming the first Indonesian company licensed for Account Information Services (AInS). With approval for Payment Initiation and/or Acquiring Services (PIAS), Brankas expands its capabilities, offering secure real-time payment verification and automated prompts for insufficient funds, revolutionizing the Indonesian fintech landscape. 18 April 2024 –...
Malaysia’s International Remittance Market Shows Strong Growth Trend
Malaysia’s international remittance market is experiencing robust growth, with both inbound and outbound transactions expected to expand through 2028. The analysis provides insights into transaction values, consumer demographics, and transactional flows, offering stakeholders strategic insights to capitalize on emerging opportunities in the evolving remittance landscape. 17 April 2024 – A recent in-depth analysis of...
Visa Unveils Advanced Payment Solutions to Empower Merchants in Evolving Retail Landscape
Visa unveils advanced payment solutions to support merchants in the evolving Click-and-Mortar™ shopping landscape, emphasizing simplified payment experiences and enhanced connectivity. Key enhancements include Developer Assist for partner integration, a revamped SMB platform by Authorize.net, and the expansion of Tap to Phone technology for mobile acceptance. 17 April 2024 – Visa, a global leader in digital payments, announces...
Bank Negara Malaysia to Hold 17th Auction of Special Serial Number Ringgit Banknotes
Bank Negara Malaysia is organizing its 17th Auction of ringgit banknotes featuring special serial numbers, with online bidding open from April 20th to April 27th, 2024, and onsite and live auctions occurring on April 27th, 2024, at Sasana Kijang, Bank Negara Malaysia. Unique serial number banknotes, including sets of the first 10 and super solid numbers, will be up for auction through BNM’s appointed auctioneer, MNP Auctioneers...
FinbotsAI and KBZ Bank Join Forces to Transform Credit Risk Management in Myanmar with AI-Powered Solution
FinbotsAI partners with KBZ Bank, Myanmar’s leading bank, to implement CreditX, an AI-powered credit scoring solution, revolutionizing credit risk management in the region. The collaboration aims to enhance operational efficiency, drive financial inclusion, and facilitate faster and more accurate credit assessments across retail and SME products. FinbotsAI, a Singapore-based B2B SaaS FinTech backed by Accel, has announced a...
Fintech Funding Declines in Asia Pacific, but Global Landscape Holds Promise: S&P Global Market Intelligence
Asia Pacific experiences the largest year-on-year decline in fintech funding, while global landscape shows promising signs with certain regions and segments experiencing growth, according to data from S&P Global Market Intelligence. Late-stage investing is on the rise, and there’s anticipation of fintech companies going public in the coming years. 16 April 2024 – In the first quarter of 2024, Asia Pacific witnessed the...
Juniper Research Predicts 41% Surge in Digital Money Transfers by 2028
Juniper Research forecasts a 41% increase in digital money transfers by 2028, driven by the adoption of mobile money in developing regions and instant payments in developed markets. The top 5 platform vendors for 2024, including Huawei and PayPal, are revealed, with an emphasis on the importance of innovation and a Payment-as-a-Service approach to stay ahead in the competitive landscape. 16 April 2024 – According to a new study...
Tencent Enhances Payment Experience for Visitors to Mainland China, Expands Weixin Pay Services for Cross-Border Tourism
Tencent introduces measures to enhance payment experience for visitors to mainland China, including streamlined registration and card linking processes on Weixin Pay, increased transaction limits, and partnerships for QR payment interoperability. The initiatives aim to facilitate cross-border tourism and support the growing trend of mobile payments among international visitors. 16 April 2024 – In a bid to promote cross-border...
Mastercard Unveils Strategic Reorganization to Drive Growth and Value
Mastercard has announced a strategic realignment of its teams, focusing on Core Payments, Commercial & New Payment Flows, and Services to drive growth and deliver value. This restructuring, effective immediately for leadership changes and May 1 for organizational transitions, aims to enhance alignment, accelerate growth, and better serve stakeholders. 9 April 2024 – Mastercard has revealed a significant restructuring of its...
Bank Negara Malaysia Takes Decisive Action on Banking Services Disruptions
Bank Negara Malaysia responds firmly to recent banking services outages, demanding prompt restoration, effective communication with customers, and comprehensive explanations from affected banks. Further supervisory actions threatened for institutions failing regulatory standards. 9 April 2024 – Bank Negara Malaysia (BNM) has issued a stern response to the recent disruptions in banking services experienced by two major Malaysian...
Indonesia Blockchain Week 2024: Igniting Innovation and Collaboration in Southeast Asia
The Indonesia Blockchain Week 2024, set for November, promises to be the largest edition yet, aiming to accelerate innovation and collaboration in Southeast Asia’s blockchain ecosystem. With a focus on bridging traditional finance with blockchain technology and exploring the future of entertainment, the conference reunites industry professionals and thought leaders after a two-year hiatus. 4 April 2024 – The Indonesia...
MoneyGram and Tencent Financial Technology Partner to Enable Digital Remittances to Weixin Pay Wallets in China
MoneyGram partners with Tencent Financial Technology to enable consumers to send funds directly to Weixin Pay wallets in China through MoneyGram Online, catering to the growing demand for digital remittance solutions. With China ranking as the third-highest recipient country for remittances and witnessing a surge in e-commerce and mobile payments, this collaboration aims to simplify cross-border transactions and fortify global...
