Asia Pacific

Payoneer lands funding from China Broadband Capital

Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.

Concur launches e-receipt solution for WeChat

Business expense management firm Concur has introduced a new receipt solution, integrated with China’s WeChat platform, that makes it easier for businesses and their employees working in China to track expenses and remain compliant, reports David Penn at Finovate (Banking Technology’s sister company). The technology, Concur e-Fapiao (it means “e-receipt”), gives employers real-time access to an employee’s […]

East vs. East: a comparison of regional fintech trends

With our newest conferences – FinovateAsia and FinovateMiddleEast – back-to-back, we wanted to examine unique trends to those regions, reports Julie Muhn at Finovate (Banking Technology’s sister company). Each place has its own distinctive culture, and with that comes not only individual financial needs, but also a particular set of regulatory rules. These factors not only create […]

DBS creates lifestyle branch for tech generation

In a move to attract the tech generation to branches, Singapore’s DBS has launched a “lifestyle space” providing freshly brewed coffee, interactions with humanoid robots and a virtual reality (VR) area for retirement planning.

Jirnexu unleashes insurance marketplace in Malaysia

Southeast Asian fintech start-up Jirnexu has been approved by Bank Negara Malaysia (BNM), the nation’s central bank, to compare, sell, process payments, and issue e-policies for insurance products. Jirnexu says it is the first company in the country permitted to sell select general and life insurance products from multiple providers, and the first to build […]

Robots have got OCBC’s retail banking backend covered

Hey humans! Feeling down? Well let’s get down some more. OCBC Bank has launched two robots to enhance internal backend processing speeds in its retail banking secured lending (CSL) and finance teams. The robot attached to the CSL team assists with housing loan re-pricing. This includes processing time, which “has been almost entirely reduced” (i.e. […]

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