APAC

Airwallex Hong Kong increases local customer base by nearly 80% amid growing adoption for cross-border money transfers 

Airwallex, a leading global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024.   Reflecting the strong customer...

APAC cyberattacks up 15% in 2023: Surge in ransomware attacks a key driver 

One in 20 APAC organisations were hit by ransomware in 2023, with financial services as the fourth most targeted sector.  FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system,...

Xperience 2024: Kiwibank is winner of CX Innovator Award

Largest New Zealand-owned bank recognized for digitizing and transforming the customer experience with Genesys Cloud AI. Genesys has announced Kiwibank as the winner of the Customer Experience (CX) Innovator (SMB and Mid-Market) category during its 19th...

A lookahead to Asia Pacific’s economic outlook 

Some experts say a global economic growth slowdown is anticipated for 2024, while others continue to be positive towards Asia Pacific’s (APAC) economic outlook and expect more rapid growth in the region. In this article, David Brady, Enterprise Sales...

ASTRI sets up FinTech and ESG Alliance 

The Hong Kong Applied Science and Technology Research Institute (ASTRI) has inaugurated a ‘FinTech and ESG Alliance‘ to foster a dynamic platform for exchange and knowledge-sharing. This alliance aims to enhance engagement with regulators,...

Mastercard’s CBDC tokenisation pioneers Web3 commerce 

Richard Wormald, Division President, Australasia at Mastercard, highlights the success of Mastercard’s innovative solution. By tokenising CBDCs onto various Blockchains, consumers now have a secure and convenient option to engage in commerce across...

62% of APJ organisations view network segmentation as extremely important amid rising ransomware attacks 

Akamai Technologies has formally announced the launch of its State of Segmentation 2023 report, highlighting an increase in ransomware attacks and the adoption of Zero Trust and microsegmentation strategies.   This report reveals that...

Insurance companies embrace tech-driven injury prevention 

 We hear from Toni-Louise Gianatti, Head of PR and Content at Soter Analytics, on how the insurance game is changing through injury prevention technology.  The days of being reactive are in the past. Waiting for an incident to occur before...

How AI can breathe new life into Singapore’s insurance industry 

The use of Artificial Intelligence (AI) is transforming the auto insurance industry by simplifying claims processes. Sandeep Bhargava, SVP, Global Services and Solutions, Public Cloud Business Unit at rackspace technology tells us how AI-driven computer...

Purpl launches digital wallet on Mambu

Purpl, a remittance and cash-out aggregator, has announced its successful go-live on Mambu’s cloud-native banking platform. Having secured its digital wallet licence, Purpl’s new offering will provide Lebanese citizens at home and abroad with...

Woolworths Wpay partners with Qwickcilver over gift cards

Qwikcilver Solutions in Australia, a wholly owned subsidiary of Pine Labs Limited and a pioneer in SaaS based end-to-end gift card processing, has partnered with Woolworths Group’s payments entity Wpay to extend their gift card processing solutions...

The bright spots in Australia’s FinTech sector in 2023

With the FinTech industry growing, businesses need to stay on top of the latest developments in the market. Nick Aronson, VP Capital Markets, APAC Country Management, FIS, speaks to us about the latest technology in the financial services space and how...