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Latest News on Financial

Gcash Philippines raises $175 million in fresh capital

Gcash's financial services indeed helped Filipinos in coping up with the new normal.

Princess Joy MalinaoJan 10, 2021

Banking software start-up Mambu raises $135 million at a $2.1 billion valuation

Mambu is the latest financial technology company to achieve the coveted status of

CNBC.COMJan 08, 2021

Grab may remain unprofitable until 2023; raises over $300 million for financial services arm

Grab has been investing heavily on expanding the financial services business, and may remain unprofitable until 2023 according to Moody's

Alfred LeeJan 08, 2021

GoBear financial products comparison startup shuts down after raising $97 million in funding

GoBear was reportedly used by over 55 million people and had over 100 commercial partners ranging from banks and insurance providers.

Alfred LeeJan 05, 2021

Gojek invests in Bank Jago, marking its entrance into digital banking | KrASIA

Our aim is to make the Gojek app a reliable resource for everyone’s financial needs, said co-CEO Andre Soelistyo.

KR-ASIA.COMDec 20, 2020

Flipkart saw annual loss widen by 20% in latest financial year | KrASIA

Flipkart Wholesale, the B2B arm of the Flipkart Group reported a 22.3% dip in losses in FY 20.

KR-ASIA.COMDec 17, 2020

Chinese printing technology firm Apexmic bags $488m strategic investment led by ICF

Twelve investors including Zhuhai Gree Financial Investment Management, Goldstone , and Hengqin Financial Investment also invested.

DEALSTREETASIA.COMDec 16, 2020

BlackRock Launches Solution for Financials and Investors to Quantify Climate Risk in Portfolios - ESG Today

BlackRock, the world’s largest asset manager, announced today the launch of Aladdin Climate, a software-based solution enabling financial institutions and investors to quantify and measure the physical risk of climate change and the transition risk to a low-carbon economy on their portfolios, using climate-adjusted security valuations and risk metrics. According to BlackRock, the new platform […]

ESGTODAY.COMDec 16, 2020

China saw first online payment using Digital Currency Electronic Payment

China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s government kicked off the Double 12 shopping festival and issued RMB 20 million DCEP in partnership with The People’s Bank of China, the central bank of China. Suzhou is the first city to test online consumption scenarios by DCEP, with JD Digits (JDD) providing support in technology and services, helping connect financial institutions with online purchasing applications. JDD is the first technology company to test the DCEP in China with state-owned banks, connected with online

CHINAINTERNETWATCH.COMDec 15, 2020

Taiwan plans to be a financial hub, much like Hong Kong.

High-level foreign companies have shown increased interest in Taiwan.

Carl AdrianAug 21, 2020

The Edge Financial Daily shuts down print operations.

The publication has been operational for 13 years.

Alfred LeeApr 21, 2020

Japan’s MUFG invests over $700 million in Grab.

MUFG wants to offer financial services and loans to Grab users.

Ismawati AsmatFeb 20, 2020

Singapore’s BreadTalk Group expects loss for FY 2019

Due to weakness in bakery and food concept divisions, coupled with the turmoil in Hong Kong, BreadTalk Group is likely to report a loss for the financial year ended December 31, 2019.

Ismawati AsmatJan 20, 2020

Indonesia’s LinkAja introduces new CFO

Indonesia’s e-money platform LinkAja introduces Ikhsan Ramdan as its new Chief Financial Officer.

Ismawati AsmatDec 20, 2019

Macau to become financial hub as unrest continues in Hong Kong

As unrest continues in Hong Kong, Chinese President Xi Jinping plans to announce policies aimed at diversifying Macau’s economy.

Ismawati AsmatDec 17, 2019

Indonesia’s OJK: Banks' loan growth in October at the slowest pace since 2016

Data from the Financial Services Authority (OJK) showed the disbursement of bank loans grew only 6.53 percent year-on-year in October, the slowest pace since 2016.

Ismawati AsmatDec 03, 2019

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