South Korea Raises AI Budget Fivefold To US$1.67B In Race For Top 3 Global AI Status
The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption ac... Read more
Hong Kong Strengthens Bank Controls After HK$6.4B In Fraud Losses
The Hong Kong Monetary Authority (HKMA) and the Office of the Privacy Commissioner for Personal Data (PCPD) announced n... Read more
WeLab Bank Launches Multi-Currency Debit Card With Mastercard
WeLab Bank has partnered with Mastercard to launch the WeLab Global Wallet Debit Card, becoming the first digital bank ... Read more
Mox Bank Launches US Dollar Cryptocurrency Trading
Mox Bank, led by Standard Chartered and jointly established by PCCW, HKT and Trip.com, has launched a cryptocurrency tr... Read more
Hong Kong Pushes For 2,000 Tonnes Of Gold Capacity Alongside New Stablecoin Licensing
Chief Executive of Hong Kong John Lee addressed the 19th Asian Financial Forum, highlighting the city’s financial and... Read more
Indonesia To Expand QRIS Cross-Border Payments With China And South Korea
Bank Indonesia (BI) aims to expand the use of the Quick Response Code Indonesian Standard (QRIS) for cross-border payme... Read more
Chocolate Finance Expands Into Hong Kong
Financial service platform Chocolate Finance has officially launched its operations in Hong Kong, expanding from its ex... Read more
Fiserv To Bring Clover Payments Platform To Japan
Fiserv, a global provider of payments and financial services technology, has announced a strategic partnership with Sum... Read more
Face Pay Vs. Tap To Pay: Which Method Will Win Asia? Ft Sam Su, SUNMI
We’ve moved from Cash to Cards, and Cards to QR. Is your face the next wallet? Or will “Tap to Pay” on smartphone... Read more
Hong Kong Updates Banking Guidelines For Elderly And Disabled Customers
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) announced that the banking sector... Read more
HKMA Alerts Public To Social Media Impersonation Scams
The Hong Kong Monetary Authority (HKMA) cautioned members of the public to remain vigilant against fraudulent social me... Read more
Airwallex Completes Paynuri Acquisition To Enter South Korea
Airwallex has completed the acquisition of Paynuri, gaining the licences required to enter the South Korean market. Pay... Read more
Uncovering RongHai: Huaweis 150-Partner Secret Sauce For Intelligent Finance
In this interview, Fintech News Network Chief Editor, Vincent Fong sits down with Roger Wang (Huawei) and Wizard Hee (N... Read more
South Korea Uncovers Major Crypto Laundering Ring
South Korea’s customs authorities said on Monday (19 January) that they have uncovered an international crime ring ac... Read more
Why Hong Kongs Trade Finance System Needs An Overhaul Through Project CargoX
For an economy where trade accounts for more than three times its GDP, inefficiencies in trade finance are a critical r... Read more