Archive

7 Blockchain Projects and Startups Leading the Way in Singapore

In recent years, Singapore has emerged as a hotbed for blockchain and crypto innovation, fuelled by the supportive stance from the government towards adopting cutting technologies. Sources say that there are over 634 companies have been incorporated in Singapore with a

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Banks and Corporates Need to Rethink How They Approach Innovation—Again

Innovate or die. This is a common rallying cry in this era of Silicon Valley and agile tech startups, and the banking industry is not excluded from this narrative. Fintechs grow ever popular, with their on-demand services, particularly to those

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InstaReM to Power Cross-Border Payments of Major Thai Bank

InstaReM, a digital cross–border money transfer company, has announced that it will now power cross–border payments for the clients of KASIKORNBANK (KBank), one of Thailand’s leading banking group. Announcing InstaReM’s partnership with KBank, Prajit Nanu, co–founder and CEO of InstaReM

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With SG$1.5 Mil Loaded for CNY, DBS Extends its QR-Backed Money Packets for Raya

Following the launch of its loadable QR-backed Ang Baos (red packets) earlier this year, DBS is now offering the same this Raya season with the quintessential Hari Raya green packets, in hopes of fostering cashlessness in these usually high-cash activities

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Louis Vuitton Launched a Blockchain for Luxury Goods in Ongoing Fight Against Counterfeits

ConsenSys and Microsoft just announced AURA, a blockchain platform that aims to offer the luxury industry with product tracking and tracing services. AURA is based on the Ethereum blockchain and Microsoft Azure, in partnership with the LVMH Group, which owns

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The World Bank’s Blockchain-Based Bonds Can Now Be Traded on a Secondary Market

The World Bank and Commonwealth Bank (CBA) have banded together to enable secondary market trading on blockchain for its block-i bond—and apparently it will be the first of its kind. The function was developed by CBA in conjunction with World Bank

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Youtrip, a Multi-Currency Travel Wallet, Closed US$25.5 Mil in a Pre-Series A Funding

YouTrip, a multi-currency mobile wallet with a prepaid Mastercard, has successfully raised US$25.5 million in a pre-Series A. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by ex-Sequoia Partner Yinglan Tan. With the

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Is Singapore Gunning to Be an Islamic Fintech Hub?

Singapore recently declared its intention to develop the ‘most advanced’ halal hub in Southeast Asia within the next two years. While the announcement primarily looked Singapore as a halal hub within the food industry, given Singapore’s status a fintech hub

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Tryb Group Invests into Filipino Insurance Marketplace Maria Health

Maria Health, a Filipino aggregator for health insurance, has secured an undisclosed amount of seed funding from the tryb group, with participation from Gobi Ventures, Wavemaker, Hustle Fund and Grand Metro Holdings. Maria Health will use the additional funding to

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A Look Back on Major Cryptocurrency Hacks Leading up to Binance

Another day, another cryptocurrency exchange hack. Recently the crypto world has been shaken by the Binance hack, that vanished approximately US$40 million worth of bitcoin through patient methods to avoid detection. It’s just the latest in a slew of hacks

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