Fintech News

SEPTEMBER 10, 2024

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. trillion in consumer spending across channels in 2023.

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Cross-Border Payments Cross-Border APACS Interoperability 109

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 News

SEPTEMBER 24, 2024

Webull, a digital investment platform, has reported a 100% year-over-year growth in assets under management in the APAC region as of 31 July 2024. and APAC markets. and APAC markets. In 2023, customer assets increased by 38%, reaching US$8.2 and APAC markets. Since launching in the U.S.

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Fintech News

SEPTEMBER 17, 2024

A new report by CMSPI, an American payment consultancy, produced in collaboration with Amazon, explores payment trends and regulations in Asia-Pacific (APAC), focusing on the impact of rising card fees on merchants and the regulatory responses to these challenges. of total payment value in 2023. of all transactions and 29.5%

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Fintech News

AUGUST 8, 2024

In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. March 2023 marked the start of the migration with a coexistence period with MT messages.

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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. million in funding in June 2023 to add more hazard coverage and grow our team internationally to better service customers in these growing markets.

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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.

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Fintech News

MAY 28, 2024

As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking. The Brazilian digital bank turned a net loss in 2022 into a US$1 billion net profit in 2023, with revenues exceeding US$8 billion. billion in 2023.

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Fintech News

NOVEMBER 17, 2024

APAC financial regulators and cloud providers recently conducted a first-of-its-kind crisis management exercise simulating a large-scale public cloud outage impacting the region’s financial sectors.

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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

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

APRIL 23, 2024

Cloud-native core banking platform 10x Banking has announced the appointment of Will Dale as Regional Vice President for the APAC region. He will be based in Singapore, where he will oversee the expansion of 10x Banking’s operations across APAC.

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

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Fintech News

AUGUST 23, 2024

To allow industry stakeholders to connect and keep up with this fast-moving industry, event organizers are hosting a number of fintech conferences and gatherings across Asia-Pacific (APAC). The following is a curated list of the top fintech events taking place in APAC in H2 2024.

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Fintech News

FEBRUARY 20, 2024

Zühlke Group, a Swiss-based IT service management company, has announced the appointment of Eric Cheung as its new CEO for the Asia Pacific (APAC) region. In his new role, Cheung will oversee the company’s operations across APAC in collaboration with the APAC executive board.

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Fintech News

JUNE 5, 2025

That future is not far off, in Malaysia, PwC’s 2023 Cloud Business Survey reports that 95% of banking and capital markets respondents are now, or will be in two years, fully on the cloud. These efforts further underline the growing commitment to cloud adoption and fintech integration across APAC.

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Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. Research by Sumsub shows that one in every 100 users of digital platforms globally became a victim of fraud ring activities in 2023.

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Fintech News

NOVEMBER 5, 2024

With 355 million gamers contributing to an expected US$14 billion market in 2024, LatAm is emerging as a major growth region for global gaming companies, presenting considerable opportunities for Asia-Pacific (APAC) firms, according to Eduardo de Abreu, Vice President of Product at EBANX, a leader in localized payment solutions.

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Fintech News

MAY 1, 2025

Asia-Pacific (APAC) is experiencing a dramatic surge in system intrusion attacks, as cybercriminals increasingly favor more sophisticated, multi-stage methods to gain deeper, sustained access into organizational systems. In 2024, these attacks accounted for 20% of breaches in APAC, marking a 49-point decline from 69% back in 2020.

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The Payments Association

NOVEMBER 28, 2024

KPMG are launching our second annual Payments Modernisation report, based on a global survey of 1,500 senior leaders across financial institutions and retailers covering Europe, APAC, North America and the Middle East, and we have found the pace of transformation is not slowing down, and not restricted to banks.

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Fintech News

FEBRUARY 8, 2024

In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth.

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Fintech News

MARCH 11, 2025

India has emerged as a key hub for blockchain development, with its share of global onchain developers increasing from 3% in 2018 to 12% in 2023. 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).

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Fintech News

JANUARY 12, 2025

It notes that while COVID-19 accelerated the digital shift, Asia-Pacific (APAC) still face significant financial inclusion challenges with 820 million unbanked and 1.8 billion underbanked adults. The country’s US$221 billion SME credit gap underscores the immense opportunity for alternative lending solutions.

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The Fintech Times

FEBRUARY 14, 2025

.” In one instance, AU10TIX detected a single mega attack spanning four geographies (APAC, EMEA, LATAM, NA) and three industries (payments, crypto, social media). Fraud trends in 2024 AU10TIX revealed that APAC led the pack as the epicentre of 2024s mega attacks, taking 88 per cent of the overall share.

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Fintech News

FEBRUARY 5, 2024

million in the second half of 2023. Singapore Dominates APAC Fintech Space Despite the global downturn in fintech investments, Singapore’s fintech sector had showed remarkable resilience, according to KPMG Pulse of Fintech H2’23 report. In 2023, Singapore’s fintech sector raised a total of US$2.20

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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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Fintech News

SEPTEMBER 22, 2024

A new report by LexisNexis Risk Solutions explores the state of digital fraud, revealing a 17% increase in digital fraud attacks within the financial services sector in 2023. In 2023, the financial services industry continued to sustain the most automated bot attacks, with 1.8 last year, up 8% year-over-year (YoY). of all cases.

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Fintech News

FEBRUARY 5, 2025

said Penny Chai, Vice President of Business Development, APAC at Sumsub. In 2023, the company established its first APAC headquarters in Singapore, leveraging the countrys role as a fintech hub with a growing ecosystem of digital assets and financial technology firms.

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Fintech News

MAY 22, 2024

The Global State of Scams 2023 Report by the Global Anti-Scam Alliance (GASA) and ScamAdviser reveals a severe global increase in scams. Among the top 50 financial crime tech companies named in FinCrimeTech50 , four originate from APAC and represent the region’s financial crime technology pioneers.

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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 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

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

NOVEMBER 3, 2024

UBS recently piloted a tokenised Variable Capital Company (VCC) fund in October 2023 as part of its involvement in the Monetary Authority of Singapore’s Project Guardian. The firm has also issued CNH 200 million in digital structured notes in June 2023 and completed a cross-border digital bond transaction in November 2023.

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Fintech News

JUNE 3, 2024

The Asia-Pacific (APAC) region faces significant challenges in combating money laundering due to its diverse economies, large volume of cross-border trade, and varying levels of regulatory enforcement across different countries — the trends of money laundering in Asia Pacific are constantly evolving.

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PCI Security Standards

OCTOBER 31, 2023

Do not pass up the chance to collaborate and gain knowledge on the latest developments in payment security at the upcoming 2023 PCI SSC Asia-Pacific Community Meeting. Below Brian Odian , Director - APAC Managed Compliance Services, VikingCloud provides a preview of his presentation on Compliance is a Program, Not a Project.

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Fintech News

DECEMBER 4, 2023

billion in 2023. billion in 2023. billion in ESG fintech in 2023. The sum represents more than 80% of total in-house spend in 2023, and a 35.6% External ESG fintech investment, on the other hand, is experiencing a contrasting trajectory, plummeting by more than 30% in 2023 to reach US$11.5 billion in 2024.

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Fintech Finance

SEPTEMBER 12, 2024

The partnership is focused on enhancing cross-border payment services for e-commerce merchants in APAC. Integrating with Unlimit enables businesses all around the world to smoothly and efficiently expand across APAC, EMEA, LATAM, the UK, India, and Africa. significant surge in import-export volume in 2023. rise in exports.

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