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Prima Asia Limited to Launch Blockchain Payments Technology and Dominate the Asia-Pacific Market

Prima Asia Limited to Launch Blockchain Payments Technology and Dominate the Asia-Pacific Market

HONG KONG, March 29 (Korea Bizwire) – Prima Asia Limited, an evolving fintech startup, is set to launch its innovative blockchain-powered payments technology across the Asia-Pacific region. With a release date set for Q4 2022, Prima Asia Limited believes that their ground-breaking payments technology “Primawire” will provide clients and businesses with faster transfer speeds, a highly [...]

Ellipse Introduces EVC® ALL-in-One, the First EMV Micromodule with an Integrated Screen to Display a Dynamic Security Code for E-commerce Protection

Ellipse Introduces EVC® ALL-in-One, the First EMV Micromodule with an Integrated Screen to Display a Dynamic Security Code for E-commerce Protection

LOS ANGELES, Nov. 23 (Korea Bizwire) – Ellipse is proud to announce today the launch of EVC® All-In-One, the first EMV module that transforms a basic payment card into an e-commerce EMV security product. The patented EVC All-In-One module features a built-in screen that displays a refreshed security code (also known as CVV/CVC) during every contact or [...]

LiquidX Named Finalist for Singapore Global FinTech Awards 2021

LiquidX Named Finalist for Singapore Global FinTech Awards 2021

NEW YORK, Nov. 2 (Korea Bizwire) — The Monetary Authority of Singapore (MAS) has named LiquidX Insurance Services (Singapore) Pte. Ltd. a finalist for the Singapore FinTech Festival (SFF) Global FinTech Awards 2021 in the Singapore Financial Institution category. The awards are a highlight of the annual festival, which takes place November 8-12, 2021. The [...]

Ibanera Expands FinTech Services in Singapore

Ibanera Expands FinTech Services in Singapore

SINGAPORE, Oct. 28 (Korea Bizwire) — Ibanera, a global digital banking platform and financial services provider, announced that it will offer fintech services to customers in Singapore with a focus on domestic and cross-border money transfer services. The company offers a robust suite of compliance programs for transaction monitoring and has partnered with Jumio, Refinitiv and [...]

Cryptocurrency Exchanges Sustain Heavy Losses Despite Overall Growth of Fintech Industry

Cryptocurrency Exchanges Sustain Heavy Losses Despite Overall Growth of Fintech Industry

SEOUL, Aug. 13 (Korea Bizwire) — Despite the overall growth of South Korea’s fintech industry, including the market for wire transfers and payments, cryptocurrency exchanges have seen drastic cuts in revenue and operating profits. CEO Score, a business analysis agency, studied the performance of 186 fintech firms based on public reports from the last three [...]

Coface Singapore – First Insurer in Asia-Pacific to Join the LiquidX Digital Trade Credit Insurance Platform

Coface Singapore – First Insurer in Asia-Pacific to Join the LiquidX Digital Trade Credit Insurance Platform

NEW YORK, Aug. 2 (Korea Bizwire) – LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, today announced that Coface Singapore Branch has joined its LiquidX 360 digital platform. The state-of-the-art tech platform offers enhanced operational efficiency and transparency for all participants in the trade credit insurance market, including carriers, brokers, and policyholders. Coface [...]

Viva Republica’s Valuation at Over 8 tln Won in Additional Funding

Viva Republica’s Valuation at Over 8 tln Won in Additional Funding

SEOUL, June 23 (Korea Bizwire) — Viva Republica Inc., the operator of popular South Korean financial app Toss, said Wednesday it has raised 460 billion won (US$407.5 million) in its latest funding with a valuation at 8.2 trillion won. The latest funding boosts Viva Republica’s valuation by nearly three times since its previous funding in [...]

CUHK Business School Research Finds FinTech Innovations Can Enhance the Stability and Profitability of Financial Institutions in Emerging Markets

CUHK Business School Research Finds FinTech Innovations Can Enhance the Stability and Profitability of Financial Institutions in Emerging Markets

HONG KONG SAR, May 6 (Korea Bizwire) - The rapid development of financial technology, also known as FinTech, in recent years has transformed how people use financial services. On the one hand, the increasing use of automation in banking services has brought with it greater convenience for consumers. On the flip side, the advent of new [...]

Credit Card Companies Turn to Transaction Data for Financial Breakthrough

Credit Card Companies Turn to Transaction Data for Financial Breakthrough

SEOUL, March 17 (Korea Bizwire) — Credit card companies are looking for a financial breakthrough in the data industry as they continue to struggle from Buy Now, Pay Later (BNPL) services. The onslaught of the fintech companies is pushing credit card companies away from their profit centers, after they lost monopoly over the BNPL market [...]