Standard Chartered has announced a new collaboration with Visa through the Visa B2B Connect network to streamline cross-border payments for its corporate clients. This initiative, starting in Singapore, aims to expedite and reduce the cost of business-to-business transactions internationally. The integration between Standard Chartered and Visa B2B Connect will be achieved via an application programming interface (API), which facilitates direct transaction routing to Visa, bypassing numerous intermediaries traditionally involved in such processes. This setup is intended to minimise delays and c ..read more

Southeast Asia’s SME digital finance platform Funding Societies has partnered with SGeBIZ, a provider of digital procurement, payment, and sourcing solutions, to introduce embedded finance solutions for SMEs in Singapore. This collaboration aims to integrate Funding Societies’ financing capabilities into SGeBIZ’s EzyProcure platform through a “Buy Now, Pay Later” (BNPL) feature. The initiative will reportedly benefit over two thousand businesses using EzyProcure, predominantly from the food and beverage sector, by providing customised financing solutions to aid in cash flow management. This mo ..read more

Atome Financial, a key player in Southeast Asia’s digital financial services, announced that it has achieved profitability in the first quarter of 2024 and reported a substantial increase in operating income for 2023. The company’s operating income soared to US$170 million, nearly double from the previous year’s US$88 million. Atome operates the buy-now-pay-later service Atome and Kredit Pintar, an Indonesian digital lending platforms. The financial success in early 2024 follows a strong performance in 2023, including a significant 40% growth in Gross Merchandise Volume for the BNPL segment to ..read more

Cloud-native core banking platform 10x Banking has announced the appointment of Will Dale as Regional Vice President for the APAC region. Dale, previously a Regional VP at Mambu, brings over 17 years of experience in the banking technology sector to his new role. He will be based in Singapore, where he will oversee the expansion of 10x Banking’s operations across APAC. His responsibilities will include developing client partnerships and leading a team aimed at enhancing the company’s growth in the region. This move is part of 10x Banking’s strategy to extend its presence in APAC, complementing ..read more

Banking software company Temenos announced that Jean-Pierre Brulard will become its new CEO starting 1 May 2024. He will be based in Switzerland. The appointment follows the retirement of Andreas Andreades, who has served Temenos in various capacities over the past 25 years, most recently as CEO. Brulard comes to Temenos with a robust background in sales and commercial leadership across the technology sector. He recently concluded a fourteen-year tenure at VMware, a major cloud computing and virtualisation software company, where he served as Executive Vice President of Worldwide Sales. His ef ..read more

In the ever-evolving landscape of payments, it is crucial to choose a payment platform from a vendor that can anticipate and support future growth through innovative functionality. This choice is key for staying ahead of your competitors. To illustrate the importance of choosing the right payment platform, consider the following scenarios. Imagine you’re expanding from debit/prepaid cards to credit cards and exploring becoming an acquirer or launching a digital wallet. Or, perhaps you’re a payment processor serving large banks and want to attract fintech clients with appealing offers. You migh ..read more

Standard Chartered announced today the introduction of its Open Banking Marketplace, a comprehensive platform designed to facilitate easier access to application programming interfaces (APIs) for both new and existing clients. The platform, which debuted at Money20/20 Asia in Bangkok, aims to shorten the time from discovery to implementation for corporate clients engaging in digital transformations. by allowing their developers to start coding and plugging into the bank’s open banking ecosystem to simulate the experience almost immediately. The Open Banking Marketplace serves as an upgrade to ..read more

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