Posts From Fintech News Singapore
bolttech Acquires Polish Embedded Protection Firm Digital Care
Insurtech firm bolttech has acquired Digital Care, an embedded protection company based in Poland. Financial details of the deal was not disclosed. The acquisition will serve to expand bolttech’s products, operational scale and distribution partner network in the embedded protection
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UBS Launches Digital Platform for Structured Products in Asia
UBS Global Wealth Management has gone live with a digital platform for structured products in Singapore and Hong Kong, providing customers in the two locations with access to a wide selection of products, the ability to customize these products, and
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Finastra and ELCY to Offer Unified Trade Finance Solution for Corporates
Finastra, a global provider of financial software, and ELCY, a specialist in e-commerce solutions for trade finance, have partnered to offer a trade finance solution for corporates. The Corporate Trade Finance Portal will enable corporates to communicate with all their
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BIS Publishes New ISO 20022 Data Requirements for Cross-Border Payments
The Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements (BIS) has published harmonised ISO 20022 data requirements for cross-border payments. These requirements will establish a consistent minimum set of messaging standards for more efficient processing
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bolttech Explores U.S. IPO, Could Materialise as Early as 2024
Insurtech firm bolttech is reportedly mulling over the prospects of a U.S. IPO, aiming to raise a sum in the ballpark of US$250 million and US$300 million, according to Bloomberg. While discussions are in progress, specifics related to the IPO,
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New Study Reveals the True Cost of Financial Crime Compliance
Digitalization has brought about tremendous opportunities for growth and innovation within the financial sector. However, this evolution has also led to a new era of financial crimes, new data released by LexisNexis Risk Solutions, a global data and analytics company
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BigPay Taps Thredd’s Payments Expertise to Fuel Its Regional Expansion
Southeast Asian fintech BigPay is teaming up with Thredd to enhance its payment services. This collaboration will kick off with BigPay’s forthcoming launch in Thailand, followed by ventures into Indonesia and the Philippines by early 2024. BigPay has operations in
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Singlife Offers Free Life Insurance for One Year to SG Assist’s Caregivers
Local financial firm Singlife has partnered with social enterprise SG Assist to provide the first 200 caregivers who enroll in the latter’s new CaregiverCircle membership a free year of group term life insurance. The launch was marked on 15th October
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Revolut Invests in Fraud Talent with 2,500 Experts Across 6 Markets
Revolut, a global neobank with over 35 million customers worldwide, has doubled its financial crime headcount since 2021, with over a third of its workforce now dedicated to fighting fraud. The company has over 2,500 financial crime experts across 6
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DBS and SkillsFuture Singapore to Help SMEs Build Sustainability Skills
DBS Bank and SkillsFuture Singapore (SSG) have announced a new two-year partnership to help small and medium enterprises (SMEs) develop sustainability skills. The partnership will see DBS enhance its SME Skills Booster Programme to support SMEs on these skills. The
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