Posts From Fintech News Singapore
Advance Intelligence Group Raises US$80 Million
Singapore tech unicorn Advance Intelligence Group (“the Group”) announced it had raised US$ 80 million from an investor consortium led by existing investors Warburg Pincus and Northstar Group. This new investment comes after the Group’s Series D round of over
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Standard Chartered’s Zodia Custody Secures $36 Million in Series A Funding Round
Zodia Custody, the cryptocurrency custody service launched by Standard Chartered, has raised US$36 million in a Series A funding round. The round received participation from Chicago-based financial services company Northern Trust Corporation and Japanese financial services firm SBI Holdings, along with SC
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IFC Proposes US$250m Investment in Singapore’s DBS
The International Finance Corporation (IFC), a World Bank Group member, revealed in a disclosure that it plans to invest up to US$250 million in DBS, the leading Singapore-based financial services group. The IFC proposed investment involves a 50-50 equal risk-sharing
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SFA and Austrade Ink MOU, Unveil Project Lorikeet to Boost Fintech Exchange
The Singapore FinTech Association (SFA) and the Australian Trade and Investment Commission (Austrade) have entered into a memorandum of understanding (MOU) to enhance fintech trade and investment flows and foster business-to-business engagement between Singapore and Australia. This agreement marks the
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Futureproofing Fintech: Navigating AML Compliance in a Rapidly Evolving Sector
The fintech space is experiencing unprecedented challenges when it comes to anti-money laundering (AML) compliance. From a global pandemic that shifted users online to economic downturns and sanctions resulting from geopolitical conflicts, fintech firms face daunting challenges that can harm
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The Bank of Thailand Delays Virtual Bank Licensing Regulations Release
The Bank of Thailand (BOT) has announced that it will postpone the release of the final Virtual Bank Licensing Regulations to the third quarter of this year. The decision was made after the bank received feedback and questions from stakeholders,
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iFast Launches Cross-Border, Multicurrency Digital Banking Platform
iFAST Global Bank (iGB), the digital banking division of Singaporean wealth management fintech firm iFAST Corporation Ltd., has introduced a Digital Personal Banking (DPB) platform to expand its financial ecosystem. The DPB platform will provide online personal banking services to
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Gemini Exchange Goes Global with Expansion Plans in India
Cryptocurrency exchange Gemini announced plans to open a new engineering center in Gurgaon, India, and hire local talent for its expanding regional business teams. Gemini’s Gurgaon office is set to become its second-largest engineering hub globally, next to the United
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Cambodia’s Finance Ministry, ABA Bank Partner on Fintech and Digital Economy Development
The Cambodian Ministry of Economy and Finance (MEF) and Advanced Bank of Asia Ltd (ABA) Bank have entered into a Memorandum of Understanding (MoU) to advance digital economy and fintech initiatives in the country. Signed by Dr. Kong Marry, MEF
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Stripe Expands Financial Suite to Boost APAC Businesses
Stripe, a payment services provider, has expanded its revenue and finance automation suite to Asia Pacific. The suite aims to streamline cash flow management for businesses by integrating billing, tax, reporting, and data services into one modern stack, eliminating the
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