
Financial crime compliance costs in APAC to top $50 billion this year
Increased geopolitical risk, money-laundering laws and tech investment are making financial crime compliance more expensive, says LexisNexis. Read more…
Increased geopolitical risk, money-laundering laws and tech investment are making financial crime compliance more expensive, says LexisNexis. Read more…
Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. Read more…
Fidelity Investments targets young investors with a virtual building in Decentraland that offers financial education – and dancing. Read more…
The $40 million fundraising by Babel Finance shows growing investor interest in Asia’s cryptocurrency players despite tougher regulations. Read more…
Coronavirus is roiling global job markets, but it’s not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands Read more…
Samsung Electronics is to provide finance to potential smartphone buyers, a company executive said on Thursday, in a bid to boost smartphone sales in India Read more…
Huawei Technologies plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each. Read more…
Changes in the finance industry have been quite insignificant and even the new technology, or fintech, has only played a small role – so far. Read more…
Indonesia’s finance ministry used celebrities, dance music and social media influencers to pump up interest in national savings bonds. Read more…
Australian banks will test a bank-guarantee platform for shopkeepers that uses a shared database, the first use of blockchain for retail finance Read more…
At least 1.5 billion adults worldwide do not have access to financial services and, as a result, are not benefiting from financial inclusion. Read more…
Money, power and politics have always been linked to each other. The control of banks and finance services is an important way to use power and control macro developments. For example, anti-money laundering measures are Read more…
HONG KONG (Reuters) – A new blockchain-based trade finance platform, developed by HSBC, Standard Chartered and ten other banks, was launched in Hong Kong on Wednesday to boost efficiency in the multi-trillion-dollar funding of international Read more…
Traditional finance institutions often question and criticize the new finance models enabled by FinTech, using the excuse that banks are heavily regulated and must manage risks and protect their reputations. Yet the banking sector has Read more…
Standard Chartered has announced it is collaborating with Siemens Financial Services, the financing arm of Siemens, and digital trade provider TradeIX on a client pilot in the UAE to create an end-to-end blockchain-based smart guarantees Read more…
BEIJING (Reuters) – Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organize a protest planned for later that day. Read more…
“The West monetizes web services with the advertising model, and the East monetizes them with FinTech.” I heard this comment at a think tank event I recently participated in. It is a very interesting observation. Read more…
(Reuters) – China’s Baidu said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management and Carlyle Group, as it looks to Read more…
Clear away the vendor hype and desperate “me too” announcements from across the sector, and the evidence is starting to mount that financial services is exploring serious applications of artificial intelligence (AI). The technology is Read more…
SINGAPORE (Reuters) – Southeast Asia’s Grab has teamed up with Japanese credit card company Credit Saison to provide loans and lending services in the region, marking the ride-hailing firm’s biggest expansion into financial services. Their Read more…
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