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While neobanks are sprouting up across North and Southeast Asia, one of Australia’s online-only banking pioneers is set to return its banking licence. Citing a failure to raise funding from investors, Volt says it is closing its deposit-taking business and will return the funds to account holders as soon as possible.
29 Jun 2022
BetterData part of pair’s incubator programme for early-stage fintechs
28 Jun 2022
Even as China’s slowing economy and tightened Covid-19 restrictions continued to dampen consumer sentiment, e-commerce platforms and consumers came out in full force for this year’s June 18th Shopping Festival, the country’s largest mid-year online shopping event.The B2C affair saw total turnover of 695.9 billion yuan (US$103.7 billion), up 13.5% from last year, according to market data.
24 Jun 2022
Private market exchange ADDX is teaming up with China Construction Bank (CCB) for the custody and distribution of a US$200 million quota allocation under the Qualified Domestic Limited Partnership (QDLP) scheme.
23 Jun 2022
Singapore has granted in-priciple approvals to three more fintech companies to offer digital payment token (DPT) services in the country, highlighting its resolve to become an international financial technology hub amid a crash in the prices of bitcoin and other crypto assets.
23 Jun 2022
The Monetary Authority of Singapore (MAS) has announced the first use case of NovA!, an artificial intelligence (AI) tool to assist financial institutions (FIs) in evaluating the sustainability performance of the country’s real estate sector.
22 Jun 2022
Paperless solution allows SMEs to access same-day financing by leveraging alternative data
21 Jun 2022
Indonesia, Philippines have highest numbers of outbound remittances from Malaysia, Singapore
21 Jun 2022
Downloads of fintech apps from both Google Play Store and Apple’s App Store surpassed 6.1 billion in 2021, up 25.2% from the previous year, with majority of the downloads from Asia.
17 Jun 2022
Focus on tech- and nature-based solutions, carbon ecosystem enablers
17 Jun 2022
As the world continues to recover from the negative impacts of the Covid-19 pandemic, companies are exploring new tools to better engage with consumers. One area that is gathering much attention is the metaverse, which enables users to interact in a virtual world by using VR headsets. Meta (formerly Facebook), for example, has seen its virtual world platform Horizon Worlds grow its monthly user base 10-fold since its launch in December 2021.
17 Jun 2022
Project Syndicate talks with lecturer and economist Marion Laboure, who puts the plummeting value of bitcoin and other crypto currencies in perspective, considers how financial technologies can boost financial inclusion and reduce inequality, and highlights the vulnerabilities illustrated by the TerraUSD
16 Jun 2022
World’s largest crypto exchange accused of endangering country’s crypto traders
15 Jun 2022