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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation. Finally, the fourth and last driver outlined in the report is the rise of the API economy. These countries dont require banks to share data with third-party providers.

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Mexico in Focus: Open Banking and Financial Inclusion

Open Banking Excellence

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy. In 2023, the Fintech landscape experienced notable growth.

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The Shifting Landscape of Fraud and Identity in 2024

Fintech News

The digital economy in Southeast Asia, projected to hit US$100 billion, is a double-edged sword. In 2021, over 60 percent of India’s 53,000 reported cybercrime cases were fraud-related, with criminals exploiting weaknesses in digital banking and e-commerce. It brings prosperity but also makes the region a cyberattack hotspot.

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Oman’s Fintech Future: A Market on the Rise

The Fintech Times

Despite starting later in the oil and gas game compared to its Gulf Cooperation Council (GCC) neighbours, Oman has successfully transformed its economy, aligning with the broader development trajectory of the Arabian Gulf region.

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From Kalifa to Wandhöfer: Propelling the UK’s Digital Renaissance with Ubiquitech

The Fintech Times

Addressing these issues head-on is From Fintech to Ubiquitech: Accelerating the wider UK Digital Economy, a new report authored by a working group led by Dr. Ruth Wandhöfer. “Digitisation, automation, digital currencies and payments, AI as well as the pandemic all have changed the face of the UK economy,” she says.

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The global impact of money laundering in 2024

Neopay

Money laundering is a pervasive issue, affecting economies and societies worldwide. billion in cryptocurrency was laundered in 2022, representing a 68% increase over 2021. NFT Money Laundering: In 2021, laundering through NFTs reached $1.377 million, a 231% increase from the beginning of the year.

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Finovate Global Mexico: A Fundraising Unicorn and Open Finance’s Contribution to Financial Inclusion

Finovate

In a statement, the company noted that the funds raised value the company “in line” with the company’s Series D round from 2021. We are excited to leverage this financing round to continue to expand and strengthen our offerings to empower more stakeholders across Mexico’s economy.”