Fintech

The Hong Kong Monetary Authority (HKMA) has revealed the participants for its stablecoin issuer sandbox, which will be able to test plans to issue a stablecoin in Hong Kong. Launched by HKMA in March 2024, the stablecoin issuer sandbox is part of the regulator’s efforts to facilitate responsible development of the stablecoin ecosystem in Hong Kong. Through the […]

The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. This investment is part of the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) and aims to foster innovation and enhance technological capabilities in finance. Quantum technology is poised to […]

Global video game commerce company, Xsolla, has unveiled a number of new launches and milestones, as well as an acquisition, as it looks to enhance its influence across a larger region and help developers unlock enhanced revenue and increase conversion rates. Xsolla has expanded its payment solution across Southeast Asia, East Asia, and Pacific markets. It […]

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future […]

Ecommpay, an end-to-end payments platform, has fully integrated the Click to Pay flow within its online payment interface, in collaboration with Mastercard. This integration aims to enhance security and streamline the payment process for merchants and their customers. Fifty five per cent of shoppers say checkout friction is frustrating enough for them to quit a purchase […]

Natwest has made its banking app available on Apple Vision Pro, the tech giant’s smart googles which blend digital content with the physical world to create new immersive experiences. NatWest will be one of the first banks globally to have its app feature on the Apple operating system, VisionOS, which features a three-dimensional user interface […]

Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans. The US bank informed credit cardholders on their latest statements: “Effective October 10, 2024, you will not be able to use Chase credit cards to pay for third-party Buy Now Pay Later (“BNPL”) instalment plans. Payments to […]

Throughout the last two years, AI has exploded in popularity. The biggest buzzword for consumers and corporate businesses alike, the tech is promising to have an impact in every sector. Because of this, UAE retail investors now appear to heavily favour AI over big tech firms, according to new data from trading and investing platform eToro. […]

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA), are set to finalise plans for a new licensing regime for fiat-referenced stablecoins (FRS), to combat associated financial stability risks. On 17 July, the two regulatory bodies jointly issued the conclusion of their legislative proposal to implement a regulatory regime for FRS issuers […]

The Saudi Central Bank (SAMA) has introduced Naqd – a government banking services platform – to provide government agencies with a secure and efficient platform for managing financial transactions. This platform enables government agencies to access their accounts at the central bank and carry out financial transactions securely on a digital platform. This initiative is […]