Islamic financial firms are incorporating social elements, such as environmentally-friendly and sustainable practices, to widen their appeal beyond religiously-minded customers in the Gulf and Southeast Asia.
CIMB Bank's Singapore Branch and iTrust have launched Singapore's First Blockchain Trade Financing Platform, and successfully completed their first structured trade financing transaction on the platform.
In late September, central bank governor Yi Gang said China’s new currency may be associated with existing electronic payment systems, such as the popular WeChat and AliPay phone apps, which are widespread and allow yuan transactions via bank accoun
The cybersecurity company will open offices in Sydney and Melbourne with a starting presence of five full-time employees, led by former Symantec and Linksys executive Stephanie Boo, the firm's Asia-Pacific managing director.
In recent years, advanced technology providers have diversified into the world of financial services—with two of the largest competing technological giants, Google and Apple, now providing digital wallet services.