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The $610 million DeFi heist that wasn’t

Despite losing over $610 million worth of cryptocurrencies to a cyber hack, touted as the largest of its kind, Poly Network was able to recover all assets shortly after. What does the increasing number of cyber thefts, and this particular…

     
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Almost 40% of current unicorns were created in the first eight months of 2021

The number of unicorns has increased dramatically amid a surge in venture capital investments, making 2021 a record year for privately held startup companies achieving unicorn status.

     
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Hong Leong’s Fuda: “Digital has forever transformed the business model”

In this Leadership Perspective series, Domenic Fuda, group managing director and CEO at Hong Leong Bank (HLB), discussed the bank’s digital transformation amid the pandemic, and how it has allowed it to innovate products and improve financial…

     
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Lawyers Ashhab and Chan: “Cryptocurrency-related fraud to rise by 75% in 2021”

With the rise of cryptocurrency fraud, appropriate legal remedies are needed to mitigate risk and recover stolen assets. The ongoing pandemic has increased the reach of cybercrime as more users turn to online investing.

     
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A comparison of licensing frameworks for digital banks in the Middle East

The global financial industry has evolved as a result of the widespread digital transformation of traditional banks and the entrance of new digital banks. In the Middle East, the legal framework is slowly developing, which will open up…

     
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China's digital RMB trial surpassed $5.3B in transactions

China’s pilot of the central bank digital currency has made promising progress. However, the digital RMB system collects and shares less transaction information than traditional electronic payments according to a PBOC digital RMB white…

     
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Global wallets target $35T B2B cross-border payment market

With the progress of technology and pandemic-induced restrictions, SMEs are increasingly steering towards digital and mobile cross-border payments options.

     
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OneConnect’s Tan: “Banks continue to struggle to implement DLT”

In this conversation, OneConnect Chief Executive Officer (Southeast Asia) Tan Bin Ru talked about the limited use of distributed ledger technology, especially for banks, and the ongoing digital transformation in Southeast Asia’s financial…