Posts From Fintech News Singapore
Singapore’s Protos Labs Raises US$2.2M Seed Funding
Singapore-based cyber insurtech company Protos Labs announced that it has raised SG$3 million (US$2.2 million) in seed funding. The seed round was joined by BEENEXT, VinaCapital Ventures, Artem Ventures in partnership with FWD Insurance, Plug and Play Silicon Valley, Investible,
Read More
Jumio Unveils New AI-Powered Fraud Prevention Tool
Jumio, a provider of identity verification and fraud prevention solutions, has announced the launch of Jumio 360° Fraud Analytics. This new AI-powered tool can identify fraud patterns with greater sophistication and accuracy, helping businesses to protect themselves from fraud. Jumio
Read More
Digital Payments to Fuel 100% Growth in Southeast Asia’s E-Commerce Market
Southeast Asia is anticipating a 100% expansion in its e-commerce market over the next five years, driven by accelerated digital payments growth, led by Buy Now Pay Later (BNPL), mobile wallets, domestic payments, and credit cards. SEA leads in digital
Read More
From Virtual to Real Property – DeFi Mortgages and Gen Z Wealth Building
Real estate is overactive everywhere, including the metaverse. Statista estimates the value of the metaverse at $65.5 billion in 2022, with the virtual real estate market at around $500 million. Virtual property prices are exploding with metaverse real estate agents
Read More
Alipay+ Now Supports LankaPay for Cross-Border Digital Payments
Alipay+ and LankaPay have signed a Memorandum of Understanding (MoU) to enhance inbound and outbound travel experience through cross-border digital payments. The partnership will enable users of Alipay+ payment partners to make cashless payments at over 400,000 LankaQR merchants across
Read More
Singaporeans Lack Confidence in Ability to Spot Online Fraud, Revolut Survey Finds
A recent survey by Revolut, a global neobank with over 35 million customers worldwide, found that over 20% of Singaporeans have experienced some kind of fraud when shopping online in the last six months. Young people aged 18-34 years old
Read More
Experian and Moneythor to Fuel Data-Driven Personalisation for Aussie FIs
Experian, a global information services company and Australian credit bureau, has partnered with digital banking solutions provider Moneythor to provide Australian financial institutions with data-driven personalisation solutions. The collaboration will leverage Experian‘s enriched transaction data and Moneythor’s data-driven personalisation engine
Read More
Mambu Expands Australian Customer Base, Eyes Growth in the Region
Cloud banking platform Mambu has expanded its customer base in Australia to now include 10 of the country’s most innovative financial service providers. This includes Angle Finance, Bluestone Home Loans, Commonwealth Bank of Australia, Lumi, Nimble, Prospa, and Tyro. Mambu’s
Read More
Sumsub’s New Free Tool Helps Users Detect AI-Generated Images
Identity verification firm Sumsub has released a new tool called For Fake’s Sake to help people to detect deepfakes and synthetic fraud in images. According to Sumsub, For Fake’s Sake is the first tool of its kind to be developed
Read More
Google’s New Initiatives: Expanding Credit Access, Combating Online Fraud in India
Google has unveiled a series of initiatives at their annual “Google For India” event including bridging the credit gap, fostering generative AI and language inclusivity with a new center, and enhancing online safety and security. Addressing the significant issue of
Read More