fintechnews

8 Regulations That Could Shape Fintech in Asia This Year – Fintech Singapore

Asia Pacific regions are somewhat disjointed when it comes to banking and fintech-related regulations, with countries like China moving towards more region-specific and refined rules, while countries like Thailand and Indonesia are still trying to introduce basic, yet important regulations to help the financial tech segment grow while keeping custo.

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Thailand Accelerates Mobile Payments Adoption

Like its ASEAN counterparts, Thailand is pushing for greater of adoption of mobile payments with industry participants, including government agencies, financial institutions and fintech companies, all actively working towards increasing awareness and accelerating adoption.

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Malaysia Is a Leader in Islamic Finance, but Why Not Islamic Fintech? – Fintech News Malaysia

Malaysia was named a leader in Islamic finance, producing 26 of the world’s Shariah-compliant financial assets by the end of 2017-amounting to US528.7 billion (RM2.05 trillion). The study proclaimed Asia as the largest market for both sukuk and Islamic funds.

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The Needs for APAC Banks to Reinvent Themselves

Consumer banking is rapidly changing in Asia-Pacific (APAC) and banks must reinvent themselves amid changing regulations, emerging technology, elevated client expectations and the entry of disruptive competitors, according to a new article series by EY. The banking and financial landscape is quickly evolving in the region.

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DuitNow Now Available to 17 More Banks

An additional 17 banks and non-banks will soon launch the DuitNow service as well. Customers wishing to receive DuitNow fund transfers using their mobile number need only perform a simple one-time registration to link their mobile number with their account number at their bank.

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5 Key Trends That Have Emerged in Malaysia’s Banking Scene in 2018

Renowned cosmologist Carl Sagan once said, You have to know the past to understand the present. A statement that rings true across all facets of life, as we approach the end of 2018, it’s worthwhile for us to look some of the key trends that have emerged in the local banking scene this year to […]

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Global Blockchain Companies Launch Blockchain for Europe Association

Four global blockchain companies (EMURGO, Fetch.AI, NEM and Ripple) have come together to found an association representing blockchain originating organisations in Europe. Blockchain for Europe claims to be the first credible attempt to create a unified voice for the blockchain industry at European level.

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The Future of Cross-Border Transfers Could Be Central Bank-Backed Digital Currency

As we slowly but surely move towards a global village into a reality, the overall value of cross-border payments is also expected to rise by 5.5 yearly, increasing from US22 trillion in 2016 to US30 trillion in 2022. Yet, according to a report published by KPMG , active correspondent bank numbers are at a slow […]

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Mobile Payments, Internet Banking See Rapid Growth in Vietnam

Vietnam has been experiencing a digital wave in its financial and banking industry, with payments through mobile banking services surging by a whopping 144 per year over the past five years, experts said at a conference last week.

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Ant Financial Makes Up 83.3% of 2018’s Total Fintech Funding in Asia So Far

In 2017, a grand total of US$38.1B had been poured into the fintech industry according to KPMG Pulse of Fintech report and of their 2017 figures, KPMG noted that both insurtech and blockchain saw record-setting levels of venture capitalist (VC) investment, as well as deal volumes.

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