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Digital Care Rebrands as bolttech Poland After Acquisition

Digital Care, a device protection and services company based in Poland, rebrands as bolttech Poland. This follows bolttech’s acquisition of

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Revolut Singapore Quadruples E-Wallet Limit to S$20,000

Revolut’s e-wallet limit in Singapore has increased, allowing users to hold up to S$20,000, up from S$5,000. Additionally, users can

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Temasek Invests A$300 Million in Aussie ETF Manager Betashares

Aussie ETF Manager Betashares Bags A$300M Investment from Temasek Australian fund manager Betashares announced a binding agreement with Singapore’s state

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Mastercard and Thought Machine Partnership to Drive Cloud-Native Banking

Payments giant Mastercard and cloud-native banking technology firm Thought Machine are deepening their partnership to offer improved payments and core

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Wealth Management Firms in Asia Embrace AI to Serve the Region’s Ultra-Wealthy

The global wealth management industry is undergoing a profound transformation, including in Asia, driven by the convergence of technological advancements

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Suspects Extradited from Malaysia in S$34.1 Million Malware Scam Probe

Two men, aged 26 and 47, will appear in court on 15 June 2024, for their alleged involvement in malware-enabled

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Celent Names Personetics as Leader in Financial Engagement

Personetics, a global provider of data-driven personalisation solutions, has been recognised as a leader in a new report by analyst

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OCBC’s Great Eastern Buyout Offer Deemed “Not Fair But Reasonable”

A group of minority shareholders has expressed dissatisfaction with OCBC‘s final bid to purchase the remaining shares of Great Eastern,

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AWS to Invest US$230 Million in Generative AI Startups Globally

Amazon Web Services (AWS) has unveiled a US$230 million commitment to support generative AI startups globally. This initiative aims to

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Income Insurance and Allianz in Talks Over Potential Deal

Singapore’s Income Insurance Limited has announced that it is currently in discussions with Allianz regarding a potential transaction involving Income

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Nubank Taps Wise to Enhance International Payments for Premium Clients

Wise, a global online money transfer service, has partnered with Nubank, a Brazilian digital bank that serves over 100 million

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Most Singapore Government SMSes Will Come from ‘gov.sg’ Starting July

The Singapore government is set to introduce a unified SMS Sender ID, gov.sg, for all its agencies starting 1 July

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iPiD’s Payment Verification Solution Now Offered on Microsoft Azure

iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available

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What is Cards-as-a-Service and How is It Reshaping The Future of Credit Cards

In the rapidly evolving digital landscape, traditional credit cards face the challenge of staying relevant amidst the rise of digital

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New OCBC Ignite Initiative to Boost Polytechnic Graduates in Banking Careers

OCBC has introduced OCBC Ignite, an accelerated banking career programme aimed at benefiting 500 polytechnic students over the next three

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DBS Aims for S$500 Billion in Wealth Assets by 2026

DBS Group is targeting S$500 billion (US$369.7 billion) in assets under management for its wealth business by the end of

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Paxos Announces 20% Staff Layoffs Despite Robust Financial Position

Stablecoin issuer Paxos has announced a 20% workforce reduction, affecting about 65 employees. Despite the layoffs, the company reportedly remains

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BIS, MAS Launch Project Viridis to Monitor Climate Risks

The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have  developed a blueprint –

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Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. Multilateral

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Lexasure and OneDegree Global Unveil New Cyber Insurance Platform

Lexasure, a reinsurance and insurtech solutions provider, and OneDegree Global, known for its IXT insurtech solutions and cybersecurity services, have

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Grace Park Joins Prudential as Chief Data, Analytics and AI Officer

Prudential plc has announced the appointment of Grace Park as its new Chief Data, Analytics & AI Officer, effective 7

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UOB and EnterpriseSG to Streamline Sustainability Financing for SMEs

UOB and Enterprise Singapore have launched the Sustainability-Linked Advisory, Grants and Enablers (SAGE) programme, targeting small and medium-sized enterprises (SMEs).

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Appian and Swiss Re Streamline Life Insurance Underwriting With AI

Appian, a software company that automates business processes, and Swiss Re have expanded their partnership to streamline the life insurance

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Singapore, Hong Kong to Exchange Info and Research on Scam Tactics

The Infocomm Media Development Authority (IMDA) of Singapore and Hong Kong’s Office of the Communications Authority (OFCA) have signed a

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Bank of Thailand to Test Programmable Payments in Enhanced Sandbox

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT), announced

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Regtech Firm Hawk Extends Series B With Investment From Rabobank

Hawk, a German regtech company with a presence in the APAC region, has announced the extension of its Series B

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Currencycloud Powers OPAL to Simplify Cross-Border Payments for SMEs

OPAL, a neobank startup, has been steadily growing in the financial hub of Singapore since its inception in 2019. Licensed

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Ripple Acquires Standard Custody, Names Jack McDonald as Stablecoin Lead

Ripple, a provider of enterprise blockchain and crypto solutions, has finalised its acquisition of Standard Custody & Trust Company, a

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Top Funded Fintechs in Singapore 2024

Singapore is often considered fertile ground for startups and in particular fintechs to raise funds. In the first half of

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Indonesian Digibank Jenius to Offer Gamified Banking

PT Bank BTPN’s flagship digital bank, Jenius, has teamed up with Perx Technologies, a SaaS lifestyle marketing platform provider, to

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Latest Industry Reports

The Rise of the Gaming Industry: A Segment That Fintech Cannot Ignore

Gaming has emerged as a dominant force in the bustling landscape of global entertainment, transforming from a niche hobby into

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13 Top Cross-Border Payments Companies in Asia

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the

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Here Are 2024’s Top VC Funding Rounds So Far

In Q1 2024, fintech venture capital (VC) funding experienced a notable decline, dropping by 16% compared to the previous quarter,

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From Compliance to Competitive Edge: The Open Finance Revolution in Asia

Asia’s financial sector is undergoing an evolution that promises to reshape the foundations of banking. At the heart of this

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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,

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Airwallex 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

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Over 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

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More 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

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Project 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

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Are 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

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Singapore 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.

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Top 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

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BNPL 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

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Crypto 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

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Singapore 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

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