Posts From Fintechnews Singapore

SWIFT Completes Trial — Cross Border Payments From Singapore Made in 30 Seconds

SWIFT recently shared the successful test results of its new instant cross-border payments proof of concept. This news follows on the heels of their previous announcement of launching a sandbox which allows fintech players to test on Australia’s New Payments Platform

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Swift Brings World Open Banking Sandbox For Fintechs

SWIFT in conjunction with Australia’s New Payments Platform (NPP) have launched a sandbox that allows independent fintechs to test the NPP network—an Australian, industry-wide infrastructure to enable almost real-time, 24/7 payments. The network is Australia’s bid to replace the clunky legacy infrastructure

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Singapore Credit Fintech Startup AsiaCollect Expands into India by Acquisition

Singapore-based AsiaCollect moves to expand its integrated credit management services into other Southeast Asian regions, and have gone the route of local acquisitions to make this happen more quickly. This move follows a US$4.5 million fundraising round led by global

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Accenture and Digital Ventures Launches Blockchain Solution Built on R3

Accenture and Digital Ventures a fintech subsidiary of Siam Commercial Bank, have co-developed and launched a blockchain solution aimed at simplifying the way companies buy and sell goods, make and receive payments, and obtain financing. The solution is described as

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Local Fintech Firm Partners with Dubai Royal Family To Expand in The Middle East

Singapore based fintech firm Touché has signed an agreement with SEED Group as their local partner. In this agreement SEED will assist Touché in expanding their fingerprint-based payment and loyalty management solution to the Middle East. Based in Dubai, SEED

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8 Influential Singaporean Fintech Companies Hiring in October

It has been an up and down journey, but right now Singapore might be one of the best places to get a job in fintech. Known as one of Southeast Asia’s fintech hubs, we have quite a plethora of not

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IMF and World Bank Sets Fintech Blueprint — 12 Policy Elements To Harness Fintech

Fintech seems to be taking center stage these days with international bodies like the IMF and World Bank recognising its importance to society. During the Bali Fintech Agenda, IMF and World Bank jointly launch a set of 12 policy elements

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Fintech Regulation: New Law to Impact Mobile Wallet Operators in Singapore

Singapore is about to introduce a new law to prevent shadow banking by requiring mobile wallet operators and payments startups to ring-fence deposits so they don’t function as unregulated banks. In an exclusive interview (paywall) with the Business Times, Ravi Menon,

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Jewel Paymentech Teams Up With one of Malaysia’s Leading Fintech Payments Firm

Jewel Paymentech a local financial risk technology company recently signed a partnership with Soft Space, one Malaysia leading payments fintech firm, who despite having their co-founder recently step down is showing no signs of slowing down. This partnership is aimed at

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Hoolah Cinches 7-Figure Seed Fund For 0% Interest Payment Installments

Hoolah announces that it has completed a 7-figure fundraising round, led by AccelerAsia Ventures and Aletra Capital Partners and joined by the likes of iGlobe Partners. This is to allow hoolah to scale their technology and hire a bigger commercial

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