Posts From Fintechnews Singapore

Maybank Now Lets Merchants Issue Unique PayNow QR Codes for Individual Invoices

Maybank Singapore teams ups with Malaysia-based fintech company Financio to offer customers invoices attached with dynamic QR Code that embeds the company’s UEN, payer name, invoice number and payment amount, using the Maybank PayNow system. The goal is to allow business

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MAS Warns Public Against Websites Faking DPM Tharman’s Quotes to Sell Bitcoin

The Monetary Authority of Singapore (MAS) has issued a warning about fraudulent websites soliciting bitcoin investments using fudged comments that they’ve attributed to MAS Chairman and Deputy Prime Minister, Tharman Shanmugaratnam. Screenshots of the website depict fake articles that are

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SGInnovate Doubles Down on Blockchain And AI

This seems to be an exciting time to be in Singapore’s fintech. Between the Monetary Authority of Singapore unveiling its multi-nation open API, and the SGQR, the fintech scene in Singapore begins its evolution into its next phase. One of

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Deloitte & Jupiter Chain Teams Up on a Blockchain Powered Data Exchange

Jupiter Chain, a Singapore-based data exchange platform utilising blockchain, has partnered up with Deloitte to create a Southeast Asian data exchange platform. The platform would serve as a fully transparent avenue for businesses to monetise their data. The partnership, using

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2 Game-Changing Developments From MAS that Happened in September 2018

Singapore has aspirations towards becoming a fintech hub in the ASEAN region, and global eyes have been raptly observing the island nation’s progress. Singapore is said to be welcoming of outside talents if they have a good idea to elevate

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P2P Lending Faces Challenges Ahead

The emergence of fintech has driven the introduction of new business models, including peer-to-peer (P2P) lending, a sector that’s grown in popularity around the world for its ability to fill the void left by traditional lenders. Alternative marketplace lending or

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DBS Aims to Save 10,000 Manhours Through Whatsapp and WeChat Banking Service

DBS announced the launch of DBS Wealth Chat, a service that will allow DBS’ wealth clients to interact, exchange ideas and transact with their relationship managers via popular instant messaging platforms WhatsApp and WeChat. The bank claims to be the first

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Insurtech Firm FWD Expands into Travel Insurance with FWD Flyer

Insurtech firm FWD announced the launch of the FWD Flyer mobile app, which it claims to be an end-to-end digital insurance solution. The app provides FWD customers cashless medical claim functionalities and provides them quick access to their policies and

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P2P Lending in Australia and New Zealand

Since the arrival of peer-to-peer (P2P) lending in Australia and New Zealand, in 2012 and 2014 respectively, the practice has become more and more popular.   P2P lending in Australia The Australian Securities and Investments Commission (ASIC) reported a total

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P2P Lending on the Rise in India

Peer-to-peer (P2P) lending in India is set to grow into a US$5 billion industry by 2023 as alternative finance continues to fill the void left by banks. The Economic Survey 2017-18 tabled in the Parliament in January show that small

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