Fintech News Singapore
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Are Banks Ready for The Big Shift?
The transformation, or more accurately the evolution, of the banking industry is presently underway on multiple fronts, with the sluggish
Read MoreLatest Stories
Finastra Leverages OpenFin to Offer Streamlined Treasury Experience
Finastra, a global financial software provider, has teamed up with OpenFin to enhance the user experience in treasury management systems.
Read MoreAn Inside Look at Wise’s Expansion Across Asia Pacific
Wise has been making significant strides in the Asia Pacific region as it continues to revolutionise the way people and
Read MoreOCBC Completes Acquisition of PT Bank Commonwealth Indonesia
OCBC Bank has officially completed the acquisition of PT Bank Commonwealth Indonesia through its Indonesian subsidiary, PT Bank OCBC NISP
Read MoreEri Budiono to Lead Indonesia’s Bank Neo Commerce as New CEO
Bank Neo Commerce (BNC), an Indonesian digital bank, has named Eri Budiono as its new Chief Executive Officer (CEO) in
Read MoreAirwallex Rolls Out Startup Support Programme in Australia
Global payments firm Airwallex has launched “Airwallex for Startups,” a new initiative aimed at supporting the growth of Australian startups.
Read MoreAIA Singapore Opens New Wealth Centre for High-Net-Worth Clients
AIA Singapore recently inaugurated its AIA Wealth Centre at Six Battery Road as part of its strategy to serve the
Read MoreMAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement
The Monetary Authority of Singapore (MAS) has declared it will not extend the six-month restriction previously placed on DBS Bank.
Read MoreBinance Founder Zhao Receives Four-Month Sentence, Start Date Yet to Be Set
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been sentenced to four months
Read MoreHSBC Group CEO Noel Quinn Announces Retirement
HSBC Group’s Chief Executive Noel Quinn is set to retire, marking the end of a near five-year stint at the
Read MoreIFC Invests US$150M to Propel MSME Growth in Indonesia, Thailand
The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance
Read MoreRavi Kaushik to Lead Flourish Ventures’ Fintech Portfolio in India and SE Asia
Flourish Ventures, an early-stage venture capital firm, has announced the appointment of Ravi Kaushik as its new Executive Director, Head
Read MoreAPAC Leaders Convene at Huawei Congress to Discuss Digital Growth
The Huawei Digital and Intelligent APAC Congress, co-hosted by Huawei and the ASEAN Foundation, recently concluded in Bangkok, drawing over
Read MoreMandiri Capital Indonesia Showcases Xponent Programme at Money 20/20 Asia
Mandiri Capital Indonesia (MCI), the venture capital arm of Bank Mandiri, is debuted its Xponent programme at the recent Money
Read MoreMoney20/20 Asia 2024: Event Recap and Main Announcements
Money20/20 Asia made its debut in Bangkok on April 23, 2024, bringing together key players from across Asia’s financial landscape,
Read MoreBanks Embrace Cloud, AI to Innovate and Tap Partnership Opportunities
The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data
Read MoreVC Funding to Indian Fintech Companies Drops 57.6% YoY
In Q1 2024, venture capital (VC) funding for fintech companies in India declined substantially, falling by a staggering 57.6% year-over-year
Read MoreAbnk, Atome, Grab, and SeaMoney Earn Singapore BNPL Compliance Trustmark
Abnk, Atome, Grab, and SeaMoney have been awarded the accredited Trustmark by the Singapore Fintech Association (SFA) and the Buy
Read MoreBitkub to Pursue IPO in 2025, Targets Expansion in Southeast Asia
Thailand’s crypto exchange Bitkub Capital Group plans to launch an initial public offering (IPO) by the end of 2025, aiming
Read MoreIndonesian Insurance Broker Officially Rebrands Following bolttech Acquisition
Indonesian insurance broker PT Axle Asia has officially changed its name to PT Bolttech Insurance Broker, adopting the bolttech brand.
Read MoreG20 TechSprint 2024 Seeks Solutions for Biodiversity, ESG Data, Sustainable Finance
The Bank for International Settlements (BIS) and the Central Bank of Brazil (BCB) have announced the launch of the fifth
Read MoreVisa Expands Access to Payment Services Through AWS
Payments giant Visa announced that it has joined the AWS Partner Network (APN) to improve global digital payment solutions. This
Read MoreThailand’s T2P Taps Wise Platform to Offer Global Money Transfers for DeepPocket Users
T2P Co., Ltd., a payment solution provider in Thailand, has announced a new partnership with Wise Platform, which provides infrastructure
Read MoreAirwallex Launches Payment Acceptance Services in the U.S.
Global payments firm Airwallex has introduced its payment acceptance services in the United States, enabling U.S.-based merchants to accept both domestic
Read MoreKASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes
Thailand’s KASIKORNBANK, in partnership with J.P. Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through
Read MoreProsecutors Seek 3-Year Prison Term for Binance Founder; Zhao Pens Apology Letter
U.S. prosecutors have proposed a three-year prison sentence for Changpeng Zhao, the founder and former CEO of crypto exchange Binance,
Read MoreNo Formal Permit Application for Alipay+ to Operate in Indonesia, Says Central Bank
Ant Group, a Chinese financial affiliate of the Alibaba Group, has not yet formally applied for a permit to operate
Read MoreIndonesia and Australia Partner to Improve Crypto Tax Compliance
The Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) have entered into a Memorandum of Understanding
Read MoreIgloo Expands Insurance Access in Vietnam Through New Partnerships
Igloo, a Singapore-based insurtech firm, has announced new partnerships with Zalopay, Lotte Finance, FE Credit, and digital insurer OPES to
Read MoreStandard Chartered Joins Visa B2B Connect for Streamlined Payments
Standard Chartered has announced a new collaboration with Visa through the Visa B2B Connect network to streamline cross-border payments for
Read MoreSGeBIZ and Funding Societies Team Up to Offer BNPL Payment Option for SMEs
Southeast Asia’s SME digital finance platform Funding Societies has partnered with SGeBIZ, a provider of digital procurement, payment, and sourcing
Read MoreLatest Industry Reports
Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times
In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista,
Read MoreAirwallex Report: Singaporean Shoppers Demand Payment Flexibility, Transparency
While concerns of volatile macroeconomic conditions persist into 2024, there are signs that point to continued growth in global cross-border
Read MoreOver Half of Surveyed Singapore Users Own Cryptocurrency
In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for
Read MoreMore Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand
The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also
Read MoreProject Savannah, a Blueprint to Simplify ESG Integration for Small Businesses
In an era where sustainability is not just a preference but a necessity, the dialogue around environmental, social, and governance
Read MoreAre APAC Businesses Ready? Assessing Digital Preparedness in Finance
In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation
Read MoreSingapore Made Up 59% of ASEAN Fintech Deals in 2023 Amid Funding Winter
In the recent past, Singapore’s fintech sector has emerged as a beacon of innovation and growth within the ASEAN region.
Read MoreTop 10 Banking Trends in 2024 that Will Define the Sector
In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving
Read MoreBNPL Profitability Remains Elusive Despite Rising Adoption
Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for
Read MoreCrypto Hack Volumes Slashed by 50% in 2023, Says TRM Labs
There has been a significant drop in crypto hacks in 2023, with a more than 50% decrease compared to the
Read MoreSingapore Outpaces Australia, US, and UK in Generative AI Trust, FIS Study Shows
A recent study by global payments service provider FIS found that Generative AI in Singapore exhibits higher rates of trust
Read MoreWill Generative AI Fundamentally Reshape Banking?
A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene
Read MoreBeyond Queries: How ChatGPT in Banking Unleashes Innovation
Financial services companies are increasingly taking advantage of ChatGPT and similar solutions. These technologies allow for the easy integration of
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