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Digital banks target white spaces in the financial industry with niche strategies

While new digital banks in Asia Pacific harbour lofty ambitions to reduce customer pain points with unique business models, differentiated services, as well as agile and efficient technologies, they face formidable competition and a challenging…

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Partior enters cross-border payments ecosystem as newcomer with big backers

Cross-border payments are affected by high costs and inefficiencies, and burdened by compliance requirements. Partior presents an alternative infrastructure to tackle these issues.

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Pandemic aggravates semiconductors shortage in Southeast Asia

The COVID-19 pandemic has led to a shortage of semiconductors globally, accelerated by the increase in remote working and schooling arrangements, remote monitoring of factories and manufacturing plants, and demand for smart devices and…

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CMB reinforces leadership of China’s private wealth market

Wang Yanrong, general manager of private banking at China Merchants Bank, discussed the bank’s key initiatives and business performance in 2020 as well as the opportunities and challenges that it faces to establish market leadership

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CCB posts strong performance in H1 2021 with $4.6 trillion growth in assets

CCB president, Wang Jiang, attributed the strong results to the bank's digital financial inclusion, fintech and green finance initiatives.

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Square to acquire AfterPay in $29 billion deal

Square announced its acquisition of Australian buy now, pay later (BNPL) company, AfterPay, through a $29 billion deal. Square posted a net revenue of $9.5 billion, up 101.5% year-on-year (YoY). Its subscription and services-based revenue…

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The $610 million DeFi heist that wasn’t

Despite losing over $610 million worth of cryptocurrencies to a cyber hack, touted as the largest of its kind, Poly Network was able to recover all assets shortly after. What does the increasing number of cyber thefts, and this particular…

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Almost 40% of current unicorns were created in the first eight months of 2021

The number of unicorns has increased dramatically amid a surge in venture capital investments, making 2021 a record year for privately held startup companies achieving unicorn status.


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