Bank Negara Malaysia has announced that it will issue five digital banking licences by next year. So far, BNM has received 29 applications.
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Alibaba posted a quarterly net loss for the first time since 2014 mainly due to the anti-monopoly fine slapped by the regulator in March. Tighter regulation…
Singapore’s three major commercial banks, DBS, OCBC, and UOB, reported improved financial results for the first quarter of 2021
The largest US cryptocurrency platform goes public and China's digital renminbi testing speeds up
There has been a number of proof-of-concepts and tests of blockchain or distributed ledger technology in financial markets to improve efficiency, accuracy…
US multinational investment bank and financial services company Citi plans to shut down its consumer banking operations in 13 countries to refocus on wealth…
Chinese e-commerce player Pinduoduo revealed in its latest report it recorded over 788 million annual active users, surpassing Alibaba’s 779 million registered…
The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery,…
Fintech startup Revolut has applied for a banking licence in the US and UK in a bid to make inroads into the online banking business in the two economies.