Big Data

5 Ways Banks in Singapore are Using Big Data

  Pop quiz: What is big data? Actually, don’t answer that. Everyone can easily recite the same quote: “It’s the process of analysing huge amounts of data to draw actionable insights that are beneficial to your business.” In practice, this

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Philippines’ Ayala Corp Raising US$150-M Fund for Disruptive Early-Stage Startups

The Ayala Corporation, Philippines’ oldest conglomerate, is raising a new venture capital fund worth US$150 million, dedicated towards investing into early stage startups engaged in e-commerce, as well as what the company deems as disruptive technologies; like fintech, healthtech, artificial intelligence,

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These Are The 13 Fintech Companies to Watch in Singapore in 2019

2019 is right around the corner, which means we are near the end of an eventful year of fintech in Singapore. The Singapore Fintech Festival was probably the biggest one here yet, and the Monetary Authority of Singapore (MAS) has

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Why The Next Insurtech Unicorns Are Going to Come From Asia

We thought 2018 was going to become the year of the blockchain, and while the ledger is still a hot-button topic, the relatively older insurtech scene has risen to the top of the fintech pile thanks to a 2017 boost.

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Accelerators Aren’t Helping Fintechs, So DBS Banks On Problem Matchmaking Instead

In DBS Bank’s quest to keep up with the ever-evolving fintech trends and stay ahead of its banking contemporaries, they have launched a programme that would play matchmaker between them or their corporate clients’ fintech problems with the right startups

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UOB Announces AI-Based App That’ll Give Financial Advice Based on Your Spending Habits

UOB Bank today announced the launch of its pan-regional engagement lab (eLab), with a goal of helping the bank converse with its consumers in a more personalised manner. eLab is a dedicated unit set up by UOB that aims to use

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Singapore Credit Fintech Startup AsiaCollect Expands into India by Acquisition

Singapore-based AsiaCollect moves to expand its integrated credit management services into other Southeast Asian regions, and have gone the route of local acquisitions to make this happen more quickly. This move follows a US$4.5 million fundraising round led by global

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How Singapore Measures Up To The Latest Fintech Buzzword: Artificial Intelligence

It’s been quite a few years since huge parts of our lives have ported over to digitalisation, and almost by accident, many organisations have accumulated swaths of data that they’ve more recently just realised could be turned into valuable analytics.

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Indonesian Credit Score Fintech Raised USD30 Million Series B to Expand in Southeast Asia

Jakarta based FinAccel has raised a USD30 million Series B equity investment round led by Square Peg Capital, with participation from new investors MDI Ventures and Atami Capital, and from existing investors Jungle Ventures, Openspace Ventures, GMO Venture Partners, Alpha

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UOB’s Latest Partnerships Reveal the Bank’s Strategy to Stay Relevant

An e-wallet and an artificial intelligence solutions company combines with a traditional bank. United Overseas Bank Limited (UOB) is recently attempting to keep abreast of current banking trends by striking relationships with more agile fintech companies. It has been said

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