Amazon ‘calls time on China retail operations’
by Graham Buck
The US e-commerce giant is reported to have admitted defeat in its contest against local rivals such as Alibaba and JD.com.
Asia
Western Union partners with Philippines fintech on cross-border payments
by Graham Buck
The US financial services giant will integrate Coins.ph’s mobile wallet into its cross-border payments platform.
India’s Tata settles securities using blockchain
by Graham Buck
Tata Consultancy Services completed a blockchain pilot to create a set of cross-border securities on its BaNCS network
Big investment and job losses ahead as banks sector embraces AI
by Graham Buck
The business value to the industry of artificial intelligence is expected to reach $300bn by 2030 but it will shed millions of workers.
Singapore’s OCBC Bank to support green belt-and-road projects
by Graham Buck
The agreement aims to boost trade and investment opportunities between Singapore and China.
Standard Chartered aims to beef up open banking capabilities
by Graham Buck
The bank aims to develop innovative products and services through partnerships with developers, corporates and fintechs.
Asia’s major corporates step up digitisation drive
by Graham Buck
The region’s biggest companies are investing in new technology to update their banking and treasury operations.
Credits targets India’s banks with high-speed blockchain network
by Graham Buck
The Singapore-based blockchain platform has already held meetings with the country’s leading banks.
HSBC uses Voltron blockchain platform for live LC
by Graham Buck
A letter of credit transaction between Australia and China used the trade finance platform, which officially launched last October.
Line Corp plans move into fintech and payment services
by Graham Buck
The messaging app wants to ride the wave as Japan accelerates its drive to double cashless payments by 2025.
Deutsche Bank joins China’s NetsUnion network
by Graham Buck
The NUCC has quickly established itself as a main component of the country’s financial infrastructure system.
Visa teams with EMQ for Apac cross-border remittances
by Graham Buck
EMQ’s network and the Visa Direct platform combined aim to provide more choice and transparency for cross-border transactions.
Malaysian SMEs look to alternatives to ease funding squeeze
by Graham Buck
Many of the country’s key smaller businesses need capital injections for growth and are looking to the private sector for funding.
HSBC reveals more detail on ‘Project Iceberg’
by Graham Buck
Plans for a stand-alone digital bank aimed at SMEs to counter competition from online rivals were first revealed last September.
China’s central bank accelerates drive to regulate fintech
by Graham Buck
The People’s Bank of China said that cutting financing costs for business is one of its primary goals.
MAS to embrace blockchain for international payments
by Graham Buck
Singapore’s central bank has confirmed its commitment to using the new technology under ‘Project Ubin’.
Standard Chartered to launch open platform for India’s SMEs
by Graham Buck
The bank says that it will offer access to business loans, supply chain financing and logistics.
Reserve Bank of India moves to ease liquidity squeeze
by Graham Buck
The forthcoming US$5 billion FX swap auction marks a new tactic by India’s central bank.
UOB offers working capital funding for Thai SMEs’ digitisation
by Graham Buck
The Singapore banking group’s smart business transformation programme aims to support Thailand’s smaller businesses.
Citi extends FX pricing and trading engine to Singapore
by Graham Buck
The new trading engine is supported by the MAS and will go live by the end of this year.
China eases foreign exchange controls
by Graham Buck
The move is the latest in a slow but steady policy of economic liberalisation - although not for the property sector.
C2FO partners with India’s Kotak on working capital management solution
by Graham Buck
The bank says the partnership with C2FO will meet the increased working capital needs of Indian businesses.