Financial Technology
Malaysian startup Moby Fintech unveils financial decisioning app
Mobylize offers users credit scoring, analysis and decisioning tools.
Malaysian startup Moby Fintech unveils financial decisioning app
Mobylize offers users credit scoring, analysis and decisioning tools.
Fintech Akulaku acquires minority stake in Indonesian bank for $11.16m: report
It is aiming to make a total investment of $35.30m into Bank Yudha Bhakti.
Asian wealthtech firms snap up 15.5% of investment in 2014-2018
They still fall flat of Europe and North America’s dominance.
Chart of the Week: P2P lending on the rise in Indonesia amidst lax rules
P2P financiers dispersed $1,400 in loans in December.
E-money transactions in Indonesia hit $3.3b in 2018
Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.
UK challenger bank Revolut set for beta launch in Singapore
It raised concern about the difficulties in obtaining foreign tech talent visas in the UK.
Korea sets up open interbank payment network to boost fintech
Available to nonbank players, the scheme aims to lower required usage costs.
3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey
Around 13% even believe that fintechs deserve more trust than old-guard lenders.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
However, 22% admit that the former are less trustworthy than old-guard lenders.
Hong Kong banks loan growth rebounds 5.2% in November
Business sentiment recovered mildly as corporates ramped up borrowing.
Hong Kong's open banking movement lures interest beyond retail
SMEs and corporates also acknowledge the merits of the pivot.
British challenger bank Revolut receives green light to expand to Singapore and Japan
It will launch in APAC in Q1 2019.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
Australia's Westpac launches Singapore innovation lab
co.lab will help Australian fintechs crack the Asian market.
Hong Kong's Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Singapore fintechs give China a run for its money
Ride-hailing firm Grab nabbed a place in the top five.
Sibos 2018: China and Australia put APAC on the map in global fintech league
Three of the top five in KPMG's Fintech100 were nabbed by Chinese firms.
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CIMB Niaga leads the way in captivating Indonesia’s youth
![CIMB Niaga leads the way in captivating Indonesia’s youth]()
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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