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World Bank Global Findex : Indonesia Leads in Financial Inclusion Progress

The latest Global Financial Inclusion Index (“Findex”) database released today by the World Bank finds that Indonesia’s financial inclusion has made the most progress, across East Asia and the Pacific, in bringing its citizens into the formal financial system in

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Oracle Survey: Incumbent Banks Must Go Digital To Stay Relevant

The era of traditional banking is coming to an end as customers are now demanding banking to be better integrated into their digital lifestyle, providing service that is instant, integrated with social platforms and driven by data, according to a

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Singapore, China, Australia and Thailand Banks Join Forces to Build APAC Cross-Border Real-Time Payment

SWIFT has joined forces with a group of SWIFT gpi banks from Australia, China, Singapore and Thailand to develop a unique cross-border real-time payments service in the Asia Pacific region. SWIFT has held exploratory talks with banks from the Asia

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Singapore Fintech Association Unifies Crowdlending Platforms

The Singapore Fintech Associationannounces the launch of the Marketplace Lending committee in response to the rapid growth in the sector. The SFA subcommittee is dedicated to ensuring the local crowdlending industry is a trusted, credible and viable mode of financing for

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Central Bank of the Philippines Explains Digital Money in One Image

The Banko Sentral ng Pilipinas (BSP) or central bank of the Philippines has released its latest update on Virtual Currency (VC) contained in one image. It explained the differences between virtual currencies, e-Money, and Fiat/Real Currency.   Featured image via

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SkillsFuture Singapore to train Prudential’s employees in Future Skillsets

Prudential Singapore is partnering SkillsFuture Singapore (SSG) to help its employees acquire the skillsets needed to meet the future demands of the insurance industry. As part of the partnership, employees will have access to the SkillsFuture Series of courses curated

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Funding Societies Raises $25 Million Series B Funding. Largest P2P Lending Funding in SEA

Leading peer-to-peer lending platform Funding Societies (also known as Modalku in Indonesia), has raised USD 25 Million in Series B funding. Led by Softbank Ventures Korea, the funding round also includes existing investors Sequoia India, Alpha JWC Ventures (Indonesia) and

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OCBC Bank Singapore to Roll Out AI-Powered Voice Banking Services with Google

OCBC Bank is the first in Singapore to launch artificial intelligence (AI) powered voice banking in collaboration with Google. With Google Home and Google Home Mini launched in Singapore today, anyone can now speak to the Google Assistant – on

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Top 10 Korean Cryptocurrency Exchanges

Koreans are more interested in cryptocurrencies than any other country. This is in spite of the Korean government banning ICOs in Korea as well as regulating cryptocurrency exchanges in Korea. Many Koreans are even banking on cryptocurrencies as their retirement

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How Not to Become Victim of Bitcoin Ponzi Scheme

Bitcoin is real, while Ponzi scheme is fake. The former is an existing digital currency, while the latter phrase means a fraudulent investment activity that got its name from Charles Ponzi, an infamous swindler in the 20th century. The recent

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