Philippines’ first digital bank Tonik to go live in July
Tonik is 60% owned by Tonik Financial while the remaining 40% is owned by two Singaporean family offices...
Tag : Southeast Asia
DBS, OCBC adopt blockchain in trade finance to boost digitalisation
The Singaporean banks issued their first electronic banker's guarantee on the Singapore Customs Electronic Banker's Guarantee Programme...
Deutsche hires senior leaders to improve trade finance in APAC
The bank appointed Chintan Shah as the head of cash management and Sebastien Avot as the head of trade finance...
Tonik secures $6 mn funding to launch digital bank in the Philippines
Investors who took part in the funding round include Insignia Ventures Partners and Credence partners...
SE Asia ride hailing giants Grab and Gojek hold merger talks
Reportedly, Gojek wants a 50% stake in the new entity; however, Grab wants to hold a controlling stake...
Axiata in talks with 11 parties for digital banking licence in Malaysia
The digital bank could go online by mid-2021...
Coronavirus could see Asian airlines lose $27.8 bn in revenue
According to the International Air Transport Association, Chinese carriers alone could suffer losses of around $12.8 bn...
Global fintech deals fall by 4% as China suffers
3,472 fintech deals were recorded with a total value of $53.3 bn in 2019...
MUFG to invest over $700 mn in Singapore’s Grab
Both parties will jointly develop financial services such as insurance which will be available on Grab’s app...
Cambodian logitech ShopRunBack secures $900K funding for SE expansion
Investors that participated in the funding round include OBOR Capital and Negocia Ventures...