Posts From Fintechnews Singapore

Remmitance Player InstaReM Adds Multi-Currency Features for SMEs

Fresh out of their recent funding round of $US 20 Million, Singapore based remittance player announced the introduction of a new feature on its platform. This new service enables small business to make payments in multiple currencies in one go.

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The Needs for APAC Banks to Reinvent Themselves

Consumer banking is rapidly changing in Asia-Pacific (APAC) and banks must reinvent themselves amid changing regulations, emerging technology, elevated client expectations and the entry of disruptive competitors, according to a new article series by EY.   Changing regulations The banking

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Investors Bullish on Fintech in Southeast Asia, Especially Indonesia

Nearly 75% of limited partners (LPs), or organizations and individuals investing into funds and non-direct investment entities such as family offices, high net worth individuals and corporate venture capital entities, are bullish on fintech in Southeast Asia with Indonesia perceived

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10 Hot Fintech Startups from India to Watch Closely

India’s fintech ecosystem has evolved significantly with considerable efforts from financial institutions, startups, the government, venture capitalists and regulators to create a favorable environment for fintech innovation that’s conducive of collaboration. According to a Yes Bank report, the transaction value

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P2P Lending and Digital Lending Fintechs Active in Southeast Asia

The size of the Southeast Asian alternative financing market grew from US$46.65 million in 2015 to a whopping US$215.9 million the following year. That’s almost a fivefold leap in market value in just the span of a year, according to a study

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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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