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Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. in 2023 to 2% in 2024.
Australia-founded global payments platform, Airwallex , has today announced the appointment of Andrew Balint as VP, Marketing, APAC (ex-China). Balint will report to Arnold Chan, General Manager, APAC and work alongside a world-class marketing team headed by Jon Stona, VP Global Marketing. Balint is based in Sydney.
His responsibilities include partner engagement, strategic collaboration, and support for co-innovation efforts. said Simon Davies, Regional President, SAP APAC. The opportunity to work with such a dynamic and innovative partner network is incredibly exciting. said Peter Moore, Head of Partner Ecosystem for Asia Pacific, SAP.
In her new role, Minh Ha will spearhead Paymentology s growth strategy across the region, working closely with clients, partners, and governments to drive innovation. Her expertise in business development, relationship management, strategic planning, and portfolio growth will be instrumental in supporting the companys expansion in APAC.
We look forward to working closely with local financial institutions to deliver innovative digital solutions that meet the evolving needs of Indonesian consumers and businesses. Featured image credit: edited from freepik The post Additiv Expands in APAC with New Jakarta Office appeared first on Fintech Singapore.
This milestone that builds on Tribes October 2024 expansion into Asia-Pacific (APAC) , marked by the opening of its Singapore office. Joining the SFA strengthens Tribes growing presence within one of the worlds most dynamic fintech ecosystems and signals its commitment to fostering innovation and collaboration within the region.
Shortly after expanding into Asia Pacific (APAC) by opening its Singapore office in October 2024, Tribe Payments aims to strengthen its presence in the region by joining the Singapore FinTech Association (SFA), signalling its commitment to fostering innovation and collaboration across APAC.
dtcpay has a strong track record of innovation and achievement in the fintech sector. The post dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025 appeared first on Fintech Singapore. This surge highlights the increasing demand for stability and reliability in digital payments.
Her passion for building dynamic teams and fostering innovation will ensure Thredds platform capabilities remain robust, scalable, and responsive to evolving market demands. A proven leader with a track record of success in both public and private sectors, Hazel was most recently with Citi, heading APAC Commercial Cards Travel Products.
In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. A new analysis by Forrester explores this dynamic ecosystem, highlighting the key trends and innovations that are reshaping the payment landscape.
Broadridge Financial Solutions has named David Runacres as President of its Asia-Pacific (APAC) operations. Mike Sleightholme “David brings over three decades of experience in the APAC region and a proven track record of delivering exceptional results for clients and leading teams. said David Runacres. said David Runacres.
It’s a tale of a cultural shift, governments and innovators working in tandem, and millions leapfrogging traditional banking to embrace a mobile-first approach to finance. The APAC digital wallet phenomenon The meteoric rise of digital wallets in APAC is no accident. This isn’t merely a story of technological adoption.
SC Ventures , the innovation, fintech investment and ventures arm of Standard Chartered , has launched a new invoicing and billing platform dubbed ‘Labamu’, in a move to increase the prosperity of small businesses across the Asia Pacific (APAC) markets, starting with Indonesia.
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.
Yet, legacy systems remain a primary reason why banks cannot keep up with the market and innovate fast enough. This is not just a tech shiftits a strategic one, aimed at fostering innovation, reducing operational overhead, and to ensure that our infrastructure in the future can withstand disruptions.
Money20/20 Asia’s show focus, Empowering Humanity Through Collaboration: Pioneering Secure, Frictionless, and Sustainable Fintech Innovation in Asia, explores the future of finance and sustainable, collaborative fintech innovation. The event will feature four innovative stages and speakers from 22 countries, including 15 APAC markets.
Prior to joining OKX , Cooper held significant roles at Zodia Custody as Head of APAC and Australia CEO, and at National Australia Bank (NAB) as Executive, Digital Assets, where she played an instrumental role in shaping the bank’s digital asset strategy and broader digital innovation initiatives.
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. and APAC markets. The company attributes its growth to its accessible trading tools and wide range of investment options across U.S.
Ingenico, a payment acceptance and services provider, has appointed Anushka Weeratunga as its Regional Managing Director for the APAC region and a member of its Executive Committee. The post Anushka Weeratunga Promoted to Lead Ingenico’s APAC Operations appeared first on Fintech Singapore.
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). These events are serving as platforms for networking, knowledge exchange, and the showcase of innovative solutions.
The event is expected to bring together leading regulators, fintech executives, banks, and industry disruptors from across the Asia-Pacific region to discuss trends and innovations shaping the financial sector, with a focus on real-world case studies and actionable strategies. Yet, its potential is far from being fully realised.
This innovation promotes interoperability, flexibility, and significant cost savings for businesses. As non-card payment methods gain rapid traction, over 50% of digital commerce volumes in APAC now come from non-card methods. HitPay now provides access to 10 key real-time payment schemes for e-commerce and in-person transactions.
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. The APAC region led this trend, contributing nearly two-thirds of global spending, with a combined US$9.8
said Karl Mohan, General Manager APAC & MEA of Crypto.com. Featured image credit: Edited from Freepik The post Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC appeared first on Fintech Singapore. Amnah Ajmal “We are delighted to welcome Crypto.com as a Mastercard Principal Member.
Primer , the unified infrastructure for global payments, today sets out its plans for 2025 growth and new markets across the EU, US and APAC as it approaches its fifth anniversary.
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.
Global technology and innovation partner Zühlke took part in the Singapore Fintech Festival (SFF) 2024, demonstrating its commitment to driving impactful change in the financial technology landscape. The post Zühlke Champions Generative AI, Digital Money for Future of Finance at SFF 2024 appeared first on Fintech Singapore.
Trulioo, an identity verification platform, announced that it has achieved a 90% business verification rate across the APAC region a year after it had set up its Singapore office. The Singapore office, under the leadership of APAC Operations Director Ivan Yang, serves as a hub for Trulioo’s global growth and innovation.
Financial innovation is not limited to central banks. The post Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa appeared first on FF News | Fintech Finance.
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. With our robust and scalable platform, we’re confident that Tribe will play a key role in shaping the future of payments across APAC.”
This predicament is particularly acute for fintech firms in the Asia-Pacific (APAC) region, where the fintech sector is rapidly expanding. The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. million in 2021. million in 2021.
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. Amidst the APAC region’s rapid economic ascent and the explosion of digital commerce, cross-border payment practices have noticed an evolution.
Founded in 2015 by Lewison Chen, PhotonPay provides global funds management services to businesses with its innovative core products, including Global Accounts, Card Issuing, Online Payments, Payouts, Foreign Exchange (FX) Management and Embedded Finance.
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. Digital banks in the APAC region should take note of this Nubank approach. According to a 2021 report by the Asian Development Bank, an estimated 1.1
To better understand why SaaS is no longer just a cloud delivery model but a strategic enabler of next-generation banking, Fintech News Network spoke with Suresh Raman, Head of SaaS APAC at Temenos. Such an approach is particularly relevant in APAC, where institutions vary widely in digital maturity. The benefits are compelling.
Ingenico , the global leader in payment acceptance and services, is pleased to announce the appointment of Anushka Weeratunga as its Regional Managing Director in APAC and a member of the Executive Committee, effective immediately.
Together, Reap and Reap Singapore will continue to refine its compliance standards and beyond, ensuring it delivers enhanced value and trusted solutions to Singapore and the broader APAC customers. “At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth.
Fintech funding in APAC recorded a significant decline in H1 2023, dropping from US$6.8 As the fintech sector continues to grow and evolve in APAC, organizers are hosting a number of large-scale events to showcase the region’s latest innovations and fastest-growing players. billion in H2 2022 to US$5.1 billion, the data show.
Its clear that APAC isnt just embracing the future of digital payments its defining it. This leading B2B tech company also offers other innovative tools that help businesses handle unexpected disruptions, increase transaction security and drive growth overall.
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.
The collaboration will focus onAsia-Pacific ( APAC ) and Europe, andmarks a new milestone in Tribes APAC expansion, having opened its new regional HQ in Singapore in October 2024. The post Tribe Payments Joins Forces With Finmo to Deliver Services to Banks and Fintechs in APAC and Europe appeared first on The Fintech Times.
Yuno , the world’s leading payment orchestration platform, today announced the appointment of SheueChee Beh as its new Head of Partnerships for APAC. SheueChee is actively involved in community-based initiatives across the APAC region and is also a recipient of Money2020’s prestigious RiseUp leadership program.
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. billion transactions in 2023, representing a year-over-year growth of 42.2%.
The collaboration will focus on issuing virtual cards within the Asia Pacific (APAC) region, aimed at facilitating payments for travel intermediaries such as hotels and airlines. APAC, in particular, is projected to reach a market size of US$480 billion due to rapid growth, according to a recent report by Thredd. trillion by 2027.
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