Posts From Fintechnews Singapore

How Southeast Asian Governments Are Pushing IoT Development

In 2016, countries in Southeast Asia began significantly exploring the potential of the Internet-of-Things (IoT). While most have just started with the technology or tested out components, countries such as Singapore have taken a leading position, setting up dedicated innovation

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5 Recent Fintech Startup Fundings in Southeast Asia

In 2016, deals to venture-backed Southeast Asian fintech startups rose 29% from 55 in 2015 to 71 in 2016. Meanwhile, dollars fell 12% from US$177 million in 2015 to US$158 billion in 2016 as deal growth was largely driven by

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Singapore’s Finance Sector Makes Strides in Distribution Ledger Technology (DLT)

The Monetary Authority of Singapore (MAS) announced the successful conclusion of the proof-of-concept project with the finance industry to introduce distributed ledger technology (DLT). The project is conducted in partnership with R3, a DLT company, and a consortium of financial

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China’s Tencent is the Most Active Corporate Investor in Asia’s Tech Startups

Tencent, a leading Internet company in China best known for its popular platforms QQ and Weixin/WeChat, is the most active corporate investor in Asia’s burgeoning tech scene, having made over 30 investments to VC-backed tech companies in Asia since Q1’16.

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Southeast Asia’s Forex Social Trading Scene

Social trading is a new way of trading which involves the use of financial social networks as the major information source for making financial decisions. On these platforms, users can compare and copy trades, techniques and strategies of advanced or

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Green Finance And How Fintech Can Enable Sustainable Development

In 2015, the United Nations’ 195 member countries adopted their Sustainable Development Goals (SDGs) and committed to the global transition from the fossil-fueled industrial era to low-carbon, knowledge-richer, green economies. But this change depends in part on a reset of

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Remtech Providers In Asia You Need To Know

Remtech, the contraction of the words remittance and technology, refers to the use of digital channels and platforms for international money transfers. The increase in use of mobile phones and technology is providing an avenue for fintech developments in remittance.

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Upcoming Fintech Events in Malaysia

Fintech has become a hot topic in Malaysia, especially as the sector paves the way forward for innovations in financial services. The government has committed to provide clear guidance and regulation to new, innovative products and business models entering the

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Peer-to-Peer Lending in China, Hong Kong and Southeast Asia

Peer-to-peer (P2P) lending has become a global phenomenon. In Asia in particular, alternative financing has experienced an explosive growth. Asia’s large population of smartphone-savvy and unbanked makes it a prime market for alternative lenders. These leverage digital platforms and technology

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MyCash Online: A Malaysian Marketplace for Foreign Workers in Southeast Asia

Southeast Asian startup MyCash Online is an online marketplace designed for migrant workers in Malaysia and Singapore. It provides easy, secure and convenient services to the underbanked. MyCash Online offers an e-wallet service that allows users to reload phone credit,

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