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Hong Leong Islamic Bank collaborates with PayNet, GoBarakah on new FinTech ecosystemMalaysian lender Hong Leong Islamic Bank (HLISB) has signed a memorandum of understanding (MOU) with fintech platform GoBarakah, with plans to build a new FinTech ecosystem that channels donations and funds to underserved communities. The partnership, formed under the PayNet Cambah program by Malaysia’s national payments firm Payments Network Malaysia Sdn Bhd (PayNet), underscores the...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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Largest Philippine fintech company GCash said to pick banks for IPOGCash, the largest fintech platform in the Philippines, has picked banks to work on an initial public offering (IPO) that could take place this year, Bloomberg reported on Thursday, quoting people familiar with the matter. GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help...0 Comentários 0 Compartilhamentos 3K Visualizações 0 Anterior
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Swiss fintech firm additiv expands APAC operations with new Indonesia officeAdditiv, a Switzerland-based digital solutions and platforms for the financial services industry, has on Monday announced the opening of its new office in Jakarta, Indonesia, marking the expansion of its Asia Pacific operations. This strategic move reinforces additiv’s commitment to the region and positions the company to better support financial institutions in their digital...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024Southeast Asia’s (SEA) Fintech ecosystem witnessed total funding of $1.6 billion in 2024, a 23 percent drop from $2.1 billion in 2023 and a significant 75 percent decrease from$6.3 billion in 2022, Tracxn said Monday. The data platform said in a statement that the funding in 2024 returned to pre-pandemic levels, reflecting challenges posed by macroeconomic conditions, rising interest...0 Comentários 0 Compartilhamentos 3K Visualizações 0 Anterior
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Alipay+ contributes more than 80 percent of inbound QR payments via DuitNow in MalaysiaAlipay+, the cross-border mobile payment platform of Ant International, has contributed more than 80 percent of inbound QR payments via DuitNow in Malaysia. Alipay+ said in a statement on Monday that the contribution is reflecting a successful public-private partnership in building a more connected payments ecosystem. According to the statement, in the peak travel season in December 2024, the...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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Ant International opens first middle east office in Saudi ArabiaAnt International, a global digital payment, digitization and financial technology provider, has opened a new office location in the central business district of Al-Olaya, Riyadh, Kingdom of Saudi Arabia (KSA), following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi Central Bank (SAMA). With the new office launch, Ant International will work...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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Atome Financial grows credit facility to $80M with BlackRock Private Credit, InnoVen Capital fundingAtome Financial, a Singapore-based digital financial technology platform and part of Advance Intelligence Group, has secured funding from BlackRock Private Credit, InnoVen Capital, growing its credit facility to $80 million. Atome Financial said in a statement on Wednesday that it has secured a private credit fund managed by BlackRock, and InnoVen Capital as new consortium members in the...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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Backbase partners Synpulse to accelerate banking transformation across APACGlobal fintech firm Backbase has announced a strategic partnership with financial services consulting firm Synpulse to accelerate digital transformation for banks across Asia-Pacific. Backbase said in a statement on Thursday that the partnership provides banks with a comprehensive transformation approach that includes strategy consulting, tailored platform solutions, and localized...0 Comentários 0 Compartilhamentos 1K Visualizações 0 Anterior
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Bolttech appoints Chief Investment Officer at Dragon Fund Ridhi Chaudhary to Board of DirectorsSingapore-based insurtech firm bolttech has appointed Ridhi Chaudhary, Chief Investment Officer of Dragon Fund by Liquidity and MUFG, to its Board as a Non-Executive Director. This follows bolttech’s recent Series C funding round led by Dragon Fund, the firm said in a statement on Monday. According to the statement, Chaudhary’s extensive experience in driving growth through...0 Comentários 0 Compartilhamentos 1K Visualizações 0 Anterior
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CGC Digital, Funding Societies, and FarmByte team up to support agricultural financing in MalaysiaMalaysia-based fintech firm CGC Digital, Singapore-based financing platform Funding Societies | Modalku, and Malaysia-based agricultural digital service firm FarmByte have teamed up to support agricultural financing in Malaysia. The trio said in a statement on Wednesday that they have signed a memorandum of understanding (MoU) aimed at narrowing the financing gap for micro, small, and medium...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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CVC Funds agree sale of OANDA to FTMOCVC Asia Fund IV, via its holding limited partnership, has entered into an agreement for the sale of OANDA Global Corporation (OANDA) to FTMO group (FTMO). The terms of the transaction, which is subject to customary regulatory approvals, are not disclosed, CVC said in a statement on Monday. Founded in 1996, OANDA is a leading, global digital platform for active traders, offering multi-asset...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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Green Packet secures digital lending license in MalaysiaMalaysia-listed tech firm Green Packet has secured a digital lending license from Malaysian government. The firm said in a statement on last Thursday that its subsidiary Packet Interactive Sdn Bhd has secured the license from Ministry of Housing and Local Government. This digital lending license will enable Packet Interactive Sdn Bhd to further expand its suite of financial products and...0 Comentários 0 Compartilhamentos 3K Visualizações 0 Anterior
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Hong Kong’s Reap receives in-principle approval for MPI license from MASReap, a Hong Kong-based payment technology provider, announced Friday that it has received an in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the major payment institution (MPI) license for its Singapore entity, Reap Singapore. Reap said in a statement that obtaining the IPA marks a significant milestone for Reap. It noted Reap is committed to...0 Comentários 0 Compartilhamentos 3K Visualizações 0 Anterior
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Hong Kong’s RedotPay secures $40M in Series A funding round led by LightspeedRedotPay, a crypto payment platform based in Hong Kong, has announced the successful close of a $40 million Series A funding round led by Lightspeed following their commitment in December 2024. RedotPay said in a statement on Monday that the round also saw significant investments from HSG and Galaxy Ventures. It also saw participation from DST Global Partners, Accel, Vertex Ventures...0 Comentários 0 Compartilhamentos 2K Visualizações 0 Anterior
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