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Alibaba Cloud joins forces with PayNet to power Malaysia’s first fintech-focused hubAlibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced Wednesday its partnership with Payments Network Malaysia Sdn Bhd (PayNet) as a Cloud Partner for its newly launched PayNet Fintech Hub – Malaysia’s first dedicated fintech-focused community and accelerator. Spearheaded by PayNet, the hub is set to become a catalyst for Malaysia’s...0 Commentarios 0 Acciones 498 Views 0 Vista previa
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AMRO sees fragmented systems, regulatory alignment, and cybersecurity as challenges for ASEAN regional payment connectivityWhile ASEAN’s regional payment connectivity (RPC) is making good progress, ASEAN+3 Macroeconomic Research Office (AMRO) sees some challenges, including fragmented systems, regulatory alignment, and cybersecurity remain. The research house said in a note on Thursday that as more bilateral arrangements are added under the RPC, the complexity of integration increases. Besides, the pace of...0 Commentarios 0 Acciones 4K Views 0 Vista previa
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Ant International partners with Barclays on global treasury management with proprietary AI-powered FX modelSingapore-based financial technology firm Ant International has entered a partnership with the United Kingdom bank Barclays to enhance efficiency and resilience in global treasury management for businesses. Under the partnership, the two sides will combine innovative solutions, including Ant’s proprietary Time-Series Transformer (TST) AI FX Model, to help businesses reduce foreign...0 Commentarios 0 Acciones 954 Views 0 Vista previa
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BYD Sime Motors partners Malaysia’s Ministry of Transport to reduce carbon emissions through EVs in the countryBYD Sime Motors, the official distributor of BYD cars in Malaysia, is partnering up with the Ministry of Transport (MOT) of Malaysia to advance the nation’s low-carbon mobility agenda. A key focus of this collaboration is reducing carbon emissions through increased EV adoption in Malaysia, BYD Sime Motors said in a statement on Wednesday. This partnership introduces a six-month program...0 Commentarios 0 Acciones 3K Views 0 Vista previa
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China’s Skyee receives IPA for MPI license from MASSkyee Pte. Ltd. has on Monday announced that it has been granted in-principle approval (IPA) for the major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee said in a statement that if obtained, the MPI license will allow the firm to service its Singapore market, further enhancing the payment experience for cross-border sellers, streamlining payment...0 Commentarios 0 Acciones 6K Views 0 Vista previa
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China’s XTransfer receives license to provide payment services in SingaporeXTransfer, a China-based business to business (B2B) cross-border trade payment platform, was granted the major payment institution (MPI) license by the Monetary Authority of Singapore (MAS) to offer payment services in the country. XTransfer said in a statement on Friday that this significant milestone strengthens the firm’s leading position in the B2B cross-border payments industry....0 Commentarios 0 Acciones 6K Views 0 Vista previa
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Curlec by Razorpay appoints payments leader Kevin Lee as Malaysia Country HeadCurlec by Razorpay, Malaysia’s payment firm, has on Monday announced the appointment of Kevin Lee as its Country Head. The firm said in a statement that Lee will lead Curlec’s vision and efforts to enhance digital payment solutions for businesses of all sizes in Malaysia. He will play a key role in further enhancing the Curlec Payment platform’s capabilities and delivering...
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Finastra, TIM Corp team up to boost treasury solutions in the PhilippinesFinastra, a global provider of financial services software applications, has announced a strategic partnership with Total Information Management Corporation (TIM Corp), the Philippines-based data center services, managed services, and information technology (IT) infrastructure firm, to boost treasury solutions in the Philippines. This collaboration aims to elevate treasury service challenges...0 Commentarios 0 Acciones 4K Views 0 Vista previa
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GXBank partners MDEC to drive digitalization and financial inclusion of MSMEs in MalaysiaGXBank has signed a memorandum of understanding with the Malaysia Digital Economy Corporation (MDEC) to drive digital transformation of micro, small and medium enterprises (MSME) in Malaysia. GXBank said in a statement on Wednesday that this initiative is in-line with its mission to build a financially resilient nation through technology and innovation. “As one of Malaysia’s three...0 Commentarios 0 Acciones 3K Views 0 Vista previa
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Hong Kong’s ZA Bank appoints Calvin Ng as new CEOHong Kong digital bank ZA Bank has on Monday announced the appointment of Calvin Ng as its new Chief Executive Officer, effective from March 27. ZA Bank said in a statement that Ng will lead the Bank for its continued growth and innovation in Hong Kong’s digital banking space. He has served as an Executive Director of ZA Bank since September 2022. ZA Bank also announced that Ronald Iu...0 Commentarios 0 Acciones 3K Views 0 Vista previa
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Hong Kong-based cryptocurrency custodian Hex Trust secures strategic investment from Morgan CreekHex Trust, a Hong Kong-based digital assets financial service provider specializing in custody, staking, and market services, has successfully secured a strategic funding round led by Morgan Creek Digital with participation from global investors including Injective. Hex Trust said in a statement on Friday that this new funding brought its total funding to date to over $100 million. This...0 Commentarios 0 Acciones 6K Views 0 Vista previa
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