Siam Commercial Bank (SCB), Thailand's oldest bank, recently collaborated with Ripple to provide a remittance service called SCB Easy. Fintechnews Singapore said that this mobile application offers cross-border payments at low costs. SCB’s vice president of commercial banking Arthit Sriumporn...
Scotland-based fintech startup Float has announced the completion of its £1.5 million seed funding round led by venture capital firm Marchmont Ventures. According to Insider, the accumulated capital will be used to fund the company’s expansion and development ambitions,...
Payments giant Visa agreed to buy fintech startup Plaid for $5.3 billion, the company announced Monday, Jan. 13. Visa plans to extend its footprint in the fintech sector, with the help of Plaid. The fintech company uses advanced technology for...
The financial technology startup company, Lightnet, received $31.2 million in the recent Series A funding round. The firm reportedly plans to boost its reach and visibility by making more acquisitions, says Bloomberg. Lightnet is a blockchain-based service provider that gives...
Deemed as the very first purely virtual bank in Southeast Asia, Tonik recently announced its impending entry into the Philippine market. Deal Street Asia said that the company’s subsidiary has successfully obtained approval from the country’s central bank Bangko Sentral...
India’s SBM Bank announced its partnership with PayNearby as a move to launch the Open Banking solutions designed for small and medium-sized businesses (SMBs). The private lender has signed a memorandum of understanding to create the Open Banking network...
UK-based fintech startup KogoPay announced Wednesday, Jan 8, the completion of its equity crowdfunding round on Crowdcube, in which it had managed to secure more than £200,000 in funding. In a release, the company disclosed that the new financing...
CK Hutchison Holdings former chairman Li Ka-Shing recently launched a funding round for Hong Kong’s MioTech, reported Nikkei Asian Review. This is the second time Li led the round for MioTech through his investment company Horizons Ventures. Li is one...
Razer Fintech has announced its application for a digital banking license in Singapore. Following its application, the fintech department is reportedly awaiting a decision from the Monetary Authority of Singapore (MAS). The fintech firm is the financial technology department of...
Following the Electronic Know Your Customer (e-KYC) guidelines announcement earlier this December, the Bank Negara Malaysia said the draft will take effect soon. The e-KYC is a set of verification that banks need to implement in order to protect their...

RECENT POSTS