Funding Societies has launched Elevate, a virtual card solution for SMEs in Singapore. The card is available on a credit line on the FinTech platform's website and mobile app and entitles qualified SMEs to interest-free credit for a period of up to 55 days. Unlike bank alternatives, no personal guarantees...
Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), organised side events at the 2022 United Nations Conference of the Parties (COP27) held in Sharm El Sheikh, Egypt to showcase Malaysia’s experience in leveraging its Islamic capital market leadership. With a view to attracting greater international participation...
Advance Intelligence Group, a Singapore-based unicorn tech start-up, today announced its acquisition of Jewel Paymentech, a financial risk technology company specialising in merchant due diligence and fraud and risk management solutions for financial services and payments industry. Jewel Paymentech has an established track record of onboarding businesses and monitoring fraudulent transactions,...
HSBC Malaysia has launched the HSBC Global Wallet, Malaysia’s first multi-currency digital wallet that enables SMEs to make and receive international payments with ease and confidence from one single global account. As international borders open up and global trade rebounds, stronger participation in global markets by Malaysian SMEs will bring...
The Asian Institute of Chartered Bankers (AICB) will be hosting the 12th International Conference on Financial Crime and Terrorism Financing (IFCTF) 2022 on 26 – 27 July 2022 where Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus, is scheduled to deliver the keynote address. Jointly organised by AICB —...
Banks in Hong Kong are optimistic on their financial performance in 2022 with higher interest rates likely to improve margins, global business consultancy KPMG said in its latest report. Non-interest revenue should also increase as initiatives such as the Cross-Boundary Wealth Management Connect scheme offer new growth opportunities. Paul...
CIMB Bank Bhd has become one of the first Malaysian banks to introduce Google Wallet, in line with Google’s announcement on the introduction of Google Wallet in the country. The bank said in a statement that from 15 November 2022, its customers in Malaysia can add any CIMB Bank Mastercard...
  Prime Global Finance Corporation (PGFC) — one of the first private lending companies of its type in The Philippines — has recently launched its fully automated and digital loan application process for its clients. PGFC started primarily to support vendors and suppliers who were doing business with the Hortaleza Group...
Validus, a Singapore-based lending platform for SMEs, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book.  Nikhilesh Goel, co-founder and Group CEO of Validus, told TechCrunch that Validus expects to create synergies with the loan portfolio...
Al Rajhi Bank Malaysia (ARBM) and Feedzai, the world’s first RiskOps platform for financial risk management, have announced a partnership that will see the implementation of Feedzai’s leading RiskOps platform implemented onto its digital banking platform. “We are delighted that Al Rajhi Bank Malaysia has selected Feedzai as a trusted...
Grab Financial Group (GFG) will be combining its payments and financial services features into a new brand called GrabFin. The company said in a statement that GrabFin offers users a single entry point to access payment, investment and insurance services on the Grab application. “GrabFin also represents GFG’s commitment to empowering...
With prolonged global trade disruptions accelerating the demand for digital services to strengthen supply chains, DBS is intensifying its efforts to digitalise financing capabilities offered through trade platforms, potentially benefiting more than 15,000 SMEs across Asia by end of 2022. According to the DBS Digital Readiness Survey, 97% of businesses...

Follow Us

174,876FansLike
810FollowersFollow