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Is Southeast Asia Fintech Funding Drying Up?

Fintech News

billion in 2023 and a steep 75% fall from 2022s USD $6.3 In 2024, 164 funding rounds were recorded, marking an 8% decline from 2023. from USD $203 million in 2023 and 68% from USD $587 million in 2022. Payments emerged as a top-funded segment, securing USD $366 million, a 53% increase from 2023.

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BIS CPMI Takes Further Steps to Promote ISO 20022 Harmonisation for Enhanced Cross-Border Payments

Fintech Finance

The data requirements were published in a report to the G20 in October 2023. This will be supported by the CPMI central bank community of practice on payment systems and the CPMI industry taskforce on cross-border payments interoperability and extension.

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BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments

Fintech News

The CPMI will maintain its harmonised data requirements, published in a report to the G20 in October 2023, at least until the end of 2027, aligning with the G20 cross-border payments programme. They also provide impetus to industry-led efforts to create guidelines for faster cross-border payments.

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Tackling Fraud and Compliance Burdens: CFIT Publishes Digital Company ID Blueprint

The Fintech Times

million incidents of fraud were committed in the UK in 2023 equivalent to nearly two fraudulent acts every minute. Promote standards for interoperability : CFIT should work with industry to establish standards that ensure interoperability, accountability and secure adoption of Digital Company ID.

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The Next Decade of Growth in Southeast Asia’s Booming Digital Payments Ecosystem

Fintech News

billion in 2023 to US$25.2 billion today , while Vietnam has seen an extraordinary 88% increase in e-commerce mobile payments, rising from US $4 billion in 2023 to US$7.54 In Indonesia, mobile wallet transactions have surged from US $18.27 billion in just two years.

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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.

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Sustainable payments: Innovating for our financial ecosystem

The Payments Association

According to Mastercard’s 2023 Report , sustainability and mindful spending are major concerns for global consumers. Many consumers seek out the most environmentally friendly payment options and are willing to shift their loyalty toward brands that provide increased transparency.