Fintech
Innovation in financial technology — digital payments, neobanks, blockchain, and more.
Central Bank of Chile outlines rules for a 'Chilean Pix' as only 10% of interbank transfers pay businesses
Central Bank of Chile president Rosanna Costa set out the governance, access and alias principles the bank is weighing for an instant QR payment system, in a market where only 10% of interbank transfers were payments to businesses.
HSBC, Kinexys by JPMorgan, MUFG and Standard Chartered among five founders of GL1 Org for tokenised markets
Five global banks have set up a Singapore non-profit to advance the next phase of the Global Layer One initiative spearheaded by MAS, including its market infrastructure and programmable compliance toolkits.
KakaoBank lifts quarterly net profit 27.2% to 141.7 billion won as deposits top 70 trillion won
KakaoBank, the internet-only lender, reported third-quarter net profit of 141.7 billion won, up 27.2% from a year earlier and ahead of the 129.5 billion won market consensus.
OppFi withdraws applications for US$130 million BNC bank deal
The US digital finance platform has withdrawn its applications to the OCC, the Federal Reserve and the FDIC for its US$130 million deal for BNCCORP, citing a lack of clear standards.
Revolut becomes New Zealand's 27th registered bank and opens with a 3.5% savings rate
The Reserve Bank of New Zealand has registered Revolut Bank New Zealand, and the fintech is opening with a 3.5% introductory savings rate on balances up to $50,000.
HKMA launches Project SAGE for agentic finance and takes Ensemble TX to 24/7 real-value transactions
At FinTech Week 2026 the Hong Kong Monetary Authority launched Project SAGE and a post-quantum toolkit, took Ensemble TX to 24/7 real-value transactions and set a Faster Payment System link to over 100 million UnionPay and partner merchants by year-end.
Bahrain's Mumtalakat and ARP Group plan an AI-native wholesale bank with in-principle approval
Bahrain's sovereign wealth fund Mumtalakat and ARP Group are setting up an AI-native, blockchain-enabled wholesale bank, which has in-principle approval from the Central Bank of Bahrain but needs final authorisation before it can start regulated activities.
Nigeria-focused OPay raises $304 million in New York IPO at a valuation of about $4 billion
OPay sold 16 million American depositary shares at $19 each against a $19 to $21 range, raising $304 million and valuing the Nigeria-launched fintech at about $4 billion.
Mastercard's third-quarter net revenue rises 14% to $9.807 billion as services grow 19%
Mastercard's net revenue rose 14% to $9.807 billion in the third quarter, with adjusted earnings per share up 21% to $5.31.
PNC Bank and ADP plan a payroll service inside PNC's digital banking platform
PNC Payroll by ADP puts payroll, HR and benefits beside PNC's banking and payments, built on ADP's experience serving more than 900,000 small businesses.
Cathay United Bank plans stablecoin cross-border collection service with domestic VASP partners
Cathay United Bank will let corporate clients collect stablecoin payments through its online banking, with partner VASPs handling the exchange, and will start with business-to-business collection scenarios.
HSBC launches AI-enabled HSBCnio platform for corporate and institutional clients
HSBC's HSBCnio platform lets clients' own AI tools read authorised account and transaction data through its Model Context Protocol, and an "Ask HSBC" feature is planned.