Posts From Fintech News Singapore
MAS and Google Cloud Partner on Generative AI for Financial Sector
In a collaborative move aimed at harnessing the power of generative AI, the Monetary Authority of Singapore (MAS) and Google Cloud have entered into a Memorandum of Understanding (MoU). The focus is on developing responsible solutions and upskilling technologists in
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Wallex Receives MAS Approval, Enhances Payment Solutions
Wallex, a B2B FX and cross-border payment platform has secured approval from Singapore’s Monetary Authority (MAS) to augment its Major Payment Institution (MPI) licence. This enhancement includes account issuance, domestic transfers, and e-money issuance services, further solidifying Wallex’s standing in
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InvestHK Officially Launches the Global Fast Track 2023 Fintech Accelerator
Invest Hong Kong (InvestHK) had announced today the official launch of its year-round fintech accelerator Global Fast Track 2023 (GFT). The accelerator is established through three pillars – the Global Scaleup Competition, the Business Matching Platform, and the always-on GFT
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Four E-Wallets Supported by Ant Group’s Alipay+ Now Accepted in Thailand
Chinese fintech giant Ant Group announced that the four mobile wallets supported by its payment system Alipay+ are now accepted in Thailand. These include Hong Kong’s AlipayHK, South Korea’s Kakao Pay, Malaysia’s Touch ‘n Go eWallet, and Mainland China’s Alipay
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Binance Taps Richard Teng to Head Its Regional Markets Outside U.S.
Global cryptocurrency exchange Binance has appointed Richard Teng to head its regional markets outside the United States. Teng revealed the news on LinkedIn and will begin his new role on Monday. This announcement comes on the heels of the increasing
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Deutsche Bank Doubles Vietnam Investment to More Than US$200 Million
Deutsche Bank announced that it has nearly doubled its capital allocation in Vietnam, bringing the total to more than US$ 200 million. The bank said that the increased capital will support its growth in the country and allow it to undertake
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Trust Bank Offers In-App Travel Insurance by Income
Singapore’s Trust Bank announced that its customers are now able to purchase affordable travel insurance by Income Insurance within its app which takes about a minute to complete. This latest launch combined with Trust Bank’s card with zero FX fees
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India’s XFlow Raises US$10.2 Million to Enhance Cross Border Payments
XFlow, a financial services and infrastructure company that simplifies the cross-border payments for businesses, has raised a US$10.2 million Pre-Series A funding round led by Square Peg. The round was also joined by Moore Strategic Ventures and existing investors Lightspeed
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Hyphen Group Rebrands as MoneyHero, Plans to Go Public With SPAC Bridgetown
Bridgetown Holdings, a SPAC backed by billionaire Peter Thiel, has inked an agreement to merge with Southeast Asian fintech MoneyHero. The transaction is expected to close in the third or fourth quarter of 2023. Coming on the heels of the
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Temasek to Slash Compensation of Team That Greenlit FTX Investment
Singapore’s sovereign wealth fund Temasek said that it will slash the compensation of the investment team and senior management involved in greenlighting the US$275 million funding in now-bankrupt crypto exchange FTX. Temasek’s chairman Lim Boon Heng said in a statement
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