Fintech News

MAY 27, 2024

billion in losses in 2022, with global projections soaring to a potential US$95.9 This predicament is particularly acute for fintech firms in the Asia-Pacific (APAC) region, where the fintech sector is rapidly expanding. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24

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Fintech News

APRIL 16, 2024

The Asia-Pacific (APAC) private equity (PE) market faced significant challenges in 2023 due to concerns about slowing economic growth, rising interest rates and ongoing geopolitical tensions, Bain & Company’s latest report, the Asia-Pacific Private Equity Report 2024, says. Megaexits included Bain Capital’s US$2.7

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Fintech Finance

OCTOBER 23, 2024

The move comes as part of Tribe’s strategic expansion into the Asia-Pacific (APAC) region, signalling its ongoing commitment to delivering world-class digital payment solutions across global markets. To lead its efforts in this dynamic region, Tribe has appointed payments industry veteran Matt Weir as General Manager – Asia Pacific.

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Fintech News

APRIL 11, 2024

In the Asia-Pacific (APAC) region, the economic growth narrative is interwoven with technological innovation, propelling the B2B payments market into new realms of possibility. billion in 2022 to a projected US$1.14 With a valuation that leapt from US$478.23 trillion by 2031, charting a CAGR of 10.4

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Fintech News

SEPTEMBER 8, 2024

Four startups from Asia-Pacific (APAC) have been featured in the 2024 CB Insights Insurtech 50 , earning recognition as among the world’s most promising private insurtech companies. Bowtie says its critical illness products saw over 100% growth between 2022 and 2023. Collectively, these companies have raised a total of US$5.6

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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

AUGUST 23, 2024

The sum represents a year-over-year (YoY) decline of 17.2%, continuing a downward trend that began in 2022 due to market uncertainty, economic volatility, and profitability concerns. The following is a curated list of the top fintech events taking place in APAC in H2 2024. In H1 2024, fintech startups in Asia raised a total of US$2.4

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Fintech News

JANUARY 3, 2024

To get a sense of APAC’s up-and-coming fintech leaders, we take a look today at some of 2023’s largest VC-backed rounds fintech of funding in APAC, showcasing the startups that managed to beat the odds in the face of a challenging fundraising environment and global economic uncertainties.

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Fintech News

MARCH 11, 2025

said John O’Loghlen, Regional Managing Director for APAC at Coinbase. Coinbase initially entered India in April 2022 , launching with support for the Unified Payments Interface (UPI). However, just days later, it suspended services after the National Payments Corporation of India refused to recognise its operations.

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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 billion in H2 2022 to US$5.1 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, the data show.

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Fintech Finance

NOVEMBER 13, 2024

.” – Kevin Wong, Chief Executive, APAC, Swift Citi’s USD Clearing enables financial institutions (FI) to make USD payments across Citi’s 1,500 FI customers globally, 24 hours a day, 7 days a week, including holidays in the United States. Citi now has more than 200 FI clients using its 24/7 USD Clearing service since 2022.

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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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Finovate

APRIL 3, 2025

The new office comes as Wise notes that its Singapore team has doubled since 2022. “Singapore is a cornerstone of our operations in Asia Pacific, and this new office is a key milestone in strengthening our regional presence,” Shrawan Saraogi, Singapore CEO and APAC Head of Expansion at Wise, said.

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The Fintech Times

NOVEMBER 14, 2024

In Morocco, as much as 75 per cent of people had used at least one emerging payment method in 2022. “The MENA market is, in our opinion, the most exciting the world and is currently seeing a transformation akin to that of LATAM or APAC – yet the information available makes it inaccessible to businesses with a global focus.”

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Fintech News

MARCH 6, 2024

This integration signifies Singapore as the inaugural country where Wise has connected with two local payment systems, building on its previous integration with the FAST system in 2022. The expansion has doubled the employee count to 450 at its APAC hub located in Paya Lebar Quarter, now covering 23,000 square feet.

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Fintech News

OCTOBER 22, 2024

In Asia-Pacific (APAC), fraud is becoming an increasingly serious challenge for financial institutions, an issue that has been exacerbated by the rapid adoption of digital transactions and online banking. A year later, Kathmandu-based NIC Asia Bank suffered a major heist, with hackers managing to make about US$4.4

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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. Mayer Brown’s Tan expects the trend to sustain this year. billion.

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Fintech News

SEPTEMBER 9, 2024

Asia-Pacific (APAC) is home to one of the world’s fastest-growing fintech ecosystems in the world, featuring prominent players such as China’s Ant Group, India’s Paytm, and Australia’s Airwallex. Despite the strong presence of local fintech leaders, APAC countries are attracting fintech solutions from the Nordics.

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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

DECEMBER 4, 2023

billion invested in 2022. billion in 2022 to a sizable US$17.3 increase from 2022’s US$10.59 These factors are also impacted the boarder fintech landscape which saw global funding pull back by 17% between H2 2022 and H1 2023. According to the report, global investment in ESG fintech will reach US$28.8 billion in 2023.

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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. In 2022, malware incidents rose for the first time since 2018, reaching 5.5 trillion annually by 2025.

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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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Fintech News

OCTOBER 7, 2024

Hiroko Michishita Hiroko Michishita, Managing Director, JCB International Asia Pacific, said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore. ” The post Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei appeared first on Fintech Singapore.

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Fintech News

JANUARY 21, 2024

The Paris-based firm has experienced significant revenue growth and has been expanding its operations in the APAC region , with an office in Singapore in 2022. Featured image credit: Edited from Unsplash The post Flowdesk Raises US$50M, Plans Expansion and Regulatory Licensing in Singapore appeared first on Fintech Singapore.

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Fintech News

JANUARY 21, 2024

The report notes a significant migration from the pass-through model to the MoR model, with travel agents acting as MoRs posting a compound annual growth rate (CAGR) of 43% from 2020 to 2022, a growth rate that’s more than double than that of the overall online travel agency market of 20% CAGR.

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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. She also held a country manager position early last year.

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The Fintech Times

OCTOBER 8, 2024

JCB International , Japan’s international payment brand, is expanding its global partnership with Nuvei Corporation , the Canadian fintech company, to include the Asia-Pacific (APAC) region. Nuvei also explained that the development is particularly significant for its customers in the APAC region.

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The Fintech Times

JUNE 26, 2025

According to a new report by Chainalysis , the blockchain data platform, the Middle East and Africa (MEA) region saw over $566billion in crypto transactions between July 2021 and June 2022. We’re not trying to ride a trend,” said Omar Mansur , managing director – APAC, at Codebase Technologies.

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Fintech News

JUNE 18, 2024

The Network for Electronic Transfers (NETS) and Discover Global Network expanded their agreement in 2022 to increase the acceptance of the latter’s cards in the island state. said Chris Winter, Managing Director, Head of International Markets, APAC at Discover.

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The Fintech Times

NOVEMBER 6, 2024

The overall transaction, an accumulative commitment of over $100million, also includes the two annual credit facilities extended to Funding Societies, reaffirms HSBC ’s continued support for MSMEs through the platform since 2022.

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Fintech News

MARCH 4, 2024

With four stages and speakers from 15 APAC countries, the show invites exploration of trends, success stories, and investment strategies. Money20/20 ASIA is a central hub for the APAC fintech community, functioning as a nexus for major announcements and significant investment opportunities. Masakazu Osawa “Asia, home to 4.7

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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

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 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. billion to US$15 billion during the period.

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Fintech Finance

SEPTEMBER 26, 2024

Since integrating Person Match and Identity Document Verification in the APAC region in 2017, Airwallex has extended its use of Trulioo capabilities to the Americas and Europe. In 2022, the partnership expanded with the integration of Trulioo Business Verification to streamline verifying businesses and their beneficial owners.

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Fintech News

JANUARY 18, 2024

In the Asia-Pacific (APAC) region, 11 out of the 13 profitable digital banks , including South Korea’s Kakao Bank, India’s Paytm Bank, and China’s AIBank, WeBank, XW Bank, and MyBank, are redefining banking paradigms. This approach ensures that even farmers in remote areas can access credit.

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Fintech News

MARCH 26, 2024

In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista , technology enterprises constitute nearly a third of the 2024 roster, with 8% of the APAC’s fastest-growing entities being fintech companies.

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