Posts From Fintechnews Singapore

The Potential of AI in Banking

Artificial intelligence (AI), an umbrella term for a host of different technologies including machine learning and natural language, holds many promises in the banking industry. Analysts estimates that AI could save the industry more than US$1 trillion by 2030. While

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Asia’s Fintechs Will Change The Competitive Landscape in Banking

Singapore’s fintech hub together with the emerging financial centers in China are a powerplay to become the world’s digital frontier in the financial services. With the support of their governments, many fintechs are threatening traditional banks in the Western world.

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Meet 42 Mobile Payment Players Active in Singapore Right Now

As one of the most highly banked populations in Southeast Asia (Standing at 96.4% of banked adults at 2014), Singapore presents a unique ecosystem in the same region. This is part of why Singapore is popularly deemed as one of

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World Bank: Developing Countries Sees Record-Breaking Remittance Inflow in 2018

Remittances to low and middle income countries grew rapidly and are projected to reach a new record in 2018, says the latest edition of the World Bank’s Migration and Development Brief, released today. The Bank estimates that officially recorded remittances

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Is Cambodia The Next Stop for Grab’s E-Wallet?

Following its entry into Cambodia in 2017, Grab seems likely to bring its e-payment app, GrabPay into Cambodia sometime in 2019 as part of the wallet’s Southeast Asian focus. Cambodia and Myanmar are said to be key considerations for GrabPay’s expansion

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GrabPay Mobile Wallet Will Likely Hit Myanmar in 2019

After Grab’s launch into Myanmar in 2017, the ride-hailing giant intends to follow-up with the expansion of their e-wallet GrabPay, in the ride-hailing giant’s ongoing Southeast Asia takeover strategy. GrabPay is considering Myanmar alongside Cambodia for expansion of its mobile

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Online Accounting and Invoicing Solutions for Startup Founders in Singapore

Those not in the know often underestimate the number of hats that a startup founder has to wear when they embark on their journey. Not only will they have to be knowledgeable about the field they’ve ventured into, they also

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Singapore Financial Regulator Releases Updated Guide for ICOs

The Monetary Authority of Singapore (MAS), the city state’s central bank and financial regulator, has released an update to its guide for businesses looking to raise money through initial coin offerings (ICOs). The paper, titled A Guide to Digital Token

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These Are The 13 Fintech Companies to Watch in Singapore in 2019

2019 is right around the corner, which means we are near the end of an eventful year of fintech in Singapore. The Singapore Fintech Festival was probably the biggest one here yet, and the Monetary Authority of Singapore (MAS) has

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It’s Not Just the Ride Hailing Fight That’s Begun with Go-Jek’s Entry into Grab’s Hometown

Go-Jek just announced the launch of its beta app in Singapore, which means that Singaporeans will be able to download Go-Jek on Android and iOS stores starting today. Since Uber’s exit of Southeast Asia, this will be a significant competition

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