SESAMi launches innovative e-financing marketplace amidst rising loan interest rates for businesses

SINGAPORE, Jul 27, 2022 – (ACN Newswire via – SESAMi has successfully launched a collaboration with its 5 banking partners including OCBC, CIMB and Linklogis to enable suppliers using its platform to get paid immediately on their outstanding invoices and purchase orders. Simplified Onboarding SESAMi will be reaching out to the supplier community to […]

HKMA, Bloomberg Launch Greater Bay Fintech Talent Initiative Supported by Major Banks

The Hong Kong Monetary Authority (HKMA), Bloomberg and the Hong Kong United Youth Association (HKUY) have partnered to launch the Greater Bay Fintech Talent Initiative aimed at bridging a potential technology skills gap in the region. With the Greater Bay Area (GBA) aiming to bring the economic area of Southern China closer together, this initiative […]

WeLab Officially Launches Its Digital Wealth Advisory Solution

Hong Kong’s virtual bank WeLab announced that it has launched its digital wealth advisory solution, GoWealth Digital Wealth Advisory (GoWealth). Customers can now kick start their personalised investment plan from HKD100. In April this year, WeLab was granted Type 1 (dealing in securities) and Type 4 (advising on securities) licenses from the Hong Kong Securities […]

Astra and WeLab to Acquire Close to 50% Stake in Indonesian Digital Bank Jasa

Indonesian conglomerate PT Astra International through its subsidiary PT Sedaya Multi Investama (SMI), together with Welab Sky, a consortium led by Hong Kong digital bank WeLab, plans to jointly acquire Indonesia’s PT Bank Jasa Jakarta (BJJ). As of last year, WeLab Sky already held a 24% stake in BJJ. Upon the completion of this transaction […]

ASEAN’s most influential fintech event – WFIS, now ready to disrupt Philippines’ FSI market

MANILA, Jul 5, 2022 – (ACN Newswire via – The launch of ‘Digital Payments Transformation Roadmap 2020-2023’ by the Central bank of the Philippines (BSP) has been driving major fintech investments in the country. To give an estimate, the first half of 2021 witnessed a total funding of $342 million garnered by the country’s […]

Dah Sing Bank and Friends of the Earth (HK) Jointly Present Property and Construction Industry ESG Forum for SMEs

HONG KONG, Jun 27, 2022 – (ACN Newswire via – The first industry forum (“the Forum”) under the “SME ESG Best Practices Recognition Programme” (“the Programme”) took place today under the joint auspices of Dah Sing Bank, Limited (“Dah Sing Bank”) and Friends of the Earth (HK) (“FoE HK”). Held in the theme of […]

Top 5 Most Well-Funded Fintech Companies in Hong Kong

Home to over 600 fintech companies, Hong Kong is an international fintech hub characterized by a diverse, resilient, and dynamic landscape that’s supported by a strong network of incubators and accelerators, a pool of experienced angels and venture capitalists (VCs), a host of government-backed programs, and a number of trade associations. These past years, the domestic fintech […]

WeLab Bank Granted License to Offer Digital Wealth Advisory Services

Virtual bank WeLab has been granted a license from the Hong Kong Securities and Futures Commission (HKSFC) to offer digital wealth advisory services. Having obtained the Type 1 (dealing in securities) and Type 4 (advising on securities) licenses, WeLab had soft launched its intelligent wealth solution GoWealth Digital Wealth Advisory (GoWealth) for selected customers, with […]

G20 urges World Bank to prepare FIF Establishment: Indrawati

Washington, Apr 21, 2022 – (ACN Newswire via – G20 members have urged the World Bank to immediately prepare for the establishment of the Financial Intermediary Fund (FIF), Finance Minister Sri Mulyani Indrawati stated. FIF should be formed immediately in the framework of pandemic preparedness and response (PPR) in the future, the minister emphasized. […]

Caely Holdings Bhd Working to Unfreeze Bank Accounts

KUALA LUMPUR, Apr 20, 2022 – (ACN Newswire via – Caely Holdings Bhd, a leading domestic producer of women’s intimate apparel, takes note of the order to freeze all the Group’s bank accounts and wishes to reassure all stakeholders that measures are being explored to ensure business continuity and sustainability. Caely Executive Director and […]