Line, the messaging app division of South Korea’s online platform Naver , is launching a digital banking service in Indonesia which will include deposit accounts, microcredit offerings, debit cards and remittance and payment services, the company said on May 31.

The offer will complement its already...

• One incident of cyber piracy every 39 seconds by 2025
• Samir Omar: Increased cloud dependency contributed to rise in cyberattacks.
• 90% human error responsible for cyber breaches.
• $145 million total ransom paid for cyberattacks in 2019.

HANOI, Vietnam -- Vietnam's leading ICT firm FPT Software has jointly won the 2021 Asian Banker Vietnam Country Award with its customer TPBank – one of the top commercial banks in Vietnam. FPT Software and TPBank were named Best Process Automation Implementation for the successful deployment of akaBot – FPT...

Digital banks – also known as neobanks – are preparing their market entry into the Philippines as the country’s central bank is in the process of issuing them licenses by 2022, according to a report by S&P Global Market Intelligence.

The Bangko Sentral ng Pilipinas in November 2020 approved a new license...

SINGAPORE -- Alchemy Pay, the world’s first decentralized finance (DeFi) hybrid fiat and crypto payment solution provider, has partnered with Instpower, a global power-bank-sharing network, to enable digital payment acceptance across their charging stations.

Instpower is the world’s leading network builder...

WorldRemit rings in the new year with a new remittance payout partner

MANILA, Philippines -- WorldRemit, a leading digital cross-border payments business is ringing in the new year with a new remittance payout partner in the Philippines with Palawan Pawnshop. Through this partnership, WorldRemit recipients...

• UNEP’s Adaptation Gap 2020 report released last week found that with annual adaptation costs in developing countries alone estimated to reach $130-300 billion per year by 2030, public and private finance for climate change adaptation must be stepped up urgently.

• Financial institutions have the power to...

New investors include the venture capital arm of JIC as well as DBJ, signalling rising confidence in the iSTOX digital securities platform, in a financing round that saw existing investors Singapore Exchange, Tokai Tokyo and Hanwha adding to their holdings

Banking deregulation in 1992 paved the way for the establishment of new banks in Taiwan. Now, in 2021, 30 years down the road, we see the emergence of exclusively online banking amid the launch of a financial war worth trillions. With no brick and mortar branches or ATMs, all services are at one’s fingertips,...

SINGAPORE, Jan. 19, 2021 -- Singapore-based fintech company Lightnet Pte. Ltd. has entered into a strategic partnership with, among others, Malaysia-based Asia Digital Bank Ltd. (Labuan Investment Bank), and British Virgin Island-based Velo Labs Technology Ltd. to jointly develop cross-border business solutions....

Bangkok (ESCAP news) – The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Capital Development Fund (UNCDF), with support from the Dutch Entrepreneurial Development Bank (FMO), the Government of Canada, and Visa Inc. have launched a ‘Women Enterprise Recovery...

Singapore, 7 January 2021 - Helsinki Business Hub (HBH), the international trade and investment promotion agency for the capital of Finland, Helsinki, will be partnering with the Smart Urban Co-Innovation Lab led by CapitaLand, one of Asia's largest diversified real estate groups, to connect Finnish companies with...

Leaders from the world of finance will gather at an appropriately online conference to plot the way forward.

As the COVID-19 pandemic drives change across the world, the financial industry has been far from immune. The steady march of digitalisation which had been reshaping the global financial world has...

HANOI, Vietnam, Dec. 4, 2020 -- Southeast Asia Commercial Joint Stock Bank (SeABank - Vietnam) honored to be one of the seven Vietnamese banks voted by the Ministry of Industry and Trade with the title "Vietnam Value 2020" to recognize brand reputation, affirming position of the bank on the banking financial market...

Award programme recognises the efforts of the FinTech community to support Hong Kong's development into a financial technology hub

SINGAPORE -- Alchemy Pay (“Alchemy”), a pioneer in hybrid digital and fiat payment solutions, announced it will be providing its hybrid payment system to enable cryptocurrency payments for ecommerce players using Shopify, a $120 billion proprietary eCommerce platform for online stores across 175 countries. Shopify...

For the first time, traders in Europe will have easy access to the deep liquidity of the Japanese bitcoin market

LUXEMBOURG -- Leading cryptocurrency exchange bitFlyer has announced the launch of cross-border trading on its platform. For the first time, users in Europe will be able to access one of the...

Bangkok (ESCAP news) – The Royal Government of Bhutan has announced its first sovereign bond to support the economy in recovery from the COVID-19 pandemic while diversifying financial sources. The new financing instrument supported by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP...