Latest: Fintech News
Lenders are facing a "severe business environment", China Construction Bank said, while Bank of Communications warned it was unlikely to deliver "satisfactory earnings"
Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, amid talk that Moscow wants to boost trade and payment systems because of sanctions over Ukraine
Malaysia's digital asset market continued to grow last year, with about 21 billion ringgit ($4.97bn) in assets traded on the country's four registered digital asset exchanges
The Malaysian Research Accelerator for Technology and Innovation has a new AI park to help developers of agricultural and health technology bring their products to market
The 68-28 procedural vote sends the bill back to House of Representatives in a cumbersome process to ultimately launch a formal process known as a "conference"
Huawei reported asset sale gains on Monday that helped lift its profit 76% in 2021, turning in its first results under Chief Financial Officer Meng Wanzhou since she returned to China last year
Singapore-based e-commerce and gaming firm Sea Ltd said on Monday it is withdrawing from India's retail market just months after starting operations there, citing 'global market uncertainties'
Japan will revise its Foreign Exchange and Foreign Trade Act in the current parliamentary session to prevent sanction-busting by Russia via digital assets, the Cabinet secretary said
The probe agency has asked the Reserve Bank of India to cancel licences of shadow lenders which are owned by Chinese nationals based in Hong Kong
Tesla chief executive Elon Musk said in a tweet on Saturday he is giving "serious thought" to building a new social media platform, one that would prioritize free speech
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AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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