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Cambodia and South Korea have officially launched a new cross-border payment system. This system, currently in its first phase, allows customers of Jeonbuk Bank in South Korea to make seamless payments to merchants in Cambodia using Bakong (KHQR) QR codes. The launch ceremony, held in Phnom Penh, was attended by senior officials, including Dr. Chea Serey, Governor of the National Bank of Cambodia, and Kim Tae Hyun, Vice President of Jeonbuk Bank.
Apple announced that its Chief Financial Officer (CFO) Luca Maestri will be stepping down starting January 1, 2025. But he is not departing from Apple permanently, instead, he will transition from his role as CFO to lead the Corporate Services team. This role encompasses information systems and technology, information security, and real estate. He will report directly to Tim Cook.
Singapore’s OCBC Bank experienced technical difficulties on 1 September (Sunday) that temporarily disrupted its internet and mobile banking services. Customers encountered challenges accessing their accounts and conducting online transactions. The bank assured that customer funds were not affected during the service disruption, and no customer data was compromised.
Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
The Singapore subsidiary of crypto exchange OKX has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows OKX to offer a broader range of digital payment services in compliance with local regulations. The approval follows the in-principle approval granted by MAS in March 2024. Gracie Lin In tandem with this milestone, OKX has appointed Gracie Lin as the new CEO for its Singapore operations.
Aryza Group has increased its presence in the Asia Pacific region by acquiring Axcess Consulting Pty Ltd, an Australian company that provides loan management software. Founded in 1991, Axcess offers a SaaS platform designed for non-bank lenders to manage loan origination, underwriting and portfolio management. This acquisition is Aryza’s ninth since 2019 and supports its strategy to expand its software solutions across the global credit-debt lifecycle.
Singapore-based digital SME lending platform Validus has secured a debt funding of up to US$50 million debt funding from HSBC, provided under the bank’s ASEAN Growth Fund strategy. The funds will be used to expand financial access for micro, small, and medium enterprises (MSMEs) in Indonesia through Validus’ Indonesian subsidiary, Batumbu.
Singapore-based digital SME lending platform Validus has secured a debt funding of up to US$50 million debt funding from HSBC, provided under the bank’s ASEAN Growth Fund strategy. The funds will be used to expand financial access for micro, small, and medium enterprises (MSMEs) in Indonesia through Validus’ Indonesian subsidiary, Batumbu.
10x Banking , the cloud-native core banking platform, is partnering with SunTec Business Solutions , a relationship-based pricing and billing provider, enabling banks to offer personalised and contextual products, services and offers to their customers, across corporate, SME and retail banking. Through the new partnership, 10x Banking and SunTec will look to deliver flexible, tailored banking capabilities to large and medium-sized financial institutions and help them strengthen their customer re
Network for Electronic Transfers ( NETS ) has announced the appointment of Jeremy Soo , Managing Director and Head of Consumer Banking Group at DBS Singapore, as its new Chairman, effective 1 September 2024. Jeremy Soo Soo will take over from Susan Hwee, who has chaired NETS since 1 September 2021. Hwee, currently Head of Group Technology and Operations at UOB, will transition to the role of Head of Group Retail at UOB starting 1 September.
Although it may not seem front and centre to customers, corporate payments and treasury operations are a key part in ensuring a good customer experience. To ensure this aspect of a firm’s infrastructure can continue to play a pivotal role in retaining users, paytech Numeral has collaborated with HSBC Innovation Banking UK to embed its payment and account services via Numeral APIs.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Managing receipts can be a challenge, but the right app can simplify the process. We’ve researched 25+ free and paid receipt apps to bring you the best options based on cost, advanced features, user ratings, and more. Whether you’re a freelancer seeking a free tool or a business in need of advanced functionality, our curated list will help you find the perfect app to streamline your receipt management.
UK-based business bank Allica has announced its acquisition of bridging lending Tuscan Capital , aiming to further extend its commercial finance product offering.
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