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HANOI (Vietnam News/Asia News Network): The Government has issued a resolution to create a sandbox for financial technology (fintech) in the country’s banking sector.
JAKARTA (The Jakarta Post/Asia News Network): Indonesia is projected to lead a significant reduction of bank branches in South-East Asia (SEA) over the coming 10 years as customers shift from physical to digital banking services, according to Roland Berger.
SINGAPORE (Reuters) - Singapore-headquartered tech startup ADVANCE.AI is raising about $200 million in a funding round that will propel it into a small group of Southeast Asia unicorns - unlisted companies valued at $1 billion or more, two sources familiar with the matter said.
KUALA LUMPUR: Malaysian consumers need to be equipped with a higher level of digital literacy to improve access to wealth literacy and wealth creation solutions that will be fundamental to the growth of their personal wealth, said HSBC Malaysia.
PETALING JAYA: The Malaysian Investment Development Authority (Mida) and Citibank Bhd (Citi Malaysia) have teamed up to provide a financial platform and end-to-end banking services to new and existing foreign investors in Malaysia.
PETALING JAYA: Pertama Digital Bhd’s subsidiary, Television Airtime Services Sdn Bhd (TAS), has completed the acquisition of a further 24% in government technology software company DAPAT Vista (M) Sdn Bhd (Dapat).
PETALING JAYA: PUC Bhd emerged as the second most traded stock on Bursa Malaysia yesterday and its share price increased by 6% on news that Genting Plantations Bhd is joining a bid with the former for a digital banking licence.