Fintech News Singapore

View More Posts

Latest Stories

China’s XTransfer Gets In-Principle Approval for Singapore Payment License

XTransfer, a Chinese B2B cross-border trade payment platform, has received in-principle approval from the Monetary Authority of Singapore (MAS) for

Read More

Indonesia, South Korea Central Banks Ink Cross-Border Payments MOU

Bank Indonesia (BI) and the Bank of Korea (BoK) have signed a memorandum of understanding (MOU) on cross-border payments. This

Read More

Natalia Goh Now MariBank CEO Following Tenure as COO at Trust Bank

Natalia Goh has been appointed as the new CEO of MariBank, a digital bank licensed by the Monetary Authority of

Read More

Thunes Strengthens Leadership with Sigrid Hulsebosch as New CFO

Global payments company Thunes has named Sigrid Hulsebosch as its new Chief Financial Officer (CFO). Hulsebosch will be responsible for

Read More

Rakkar Digital Named Custodian for Thai’s Largest Crypto Exchange Bitkub

Bitkub Exchange, Thailand’s largest digital asset exchange, has named Singapore-based Rakkar Digital as its official digital asset custodian. This partnership

Read More

4 Fintechs in Myanmar to Watch

Myanmar’s fintech industry is poised for significant growth, driven by rising digital payment usage, and strong investor interest. Moreover, with

Read More

Thought Machine and Quantifeed Team to Modernise Banking, Wealth Management

Cloud-native banking technology firm Thought Machine and Quantifeed, a leading provider of digital wealth management solutions, have  announce a new

Read More

Ant International and BNP Paribas Partner to Enhance Cross-Border Payments in Europe

Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers.

Read More

AIA Singapore Appoints Afees Ashroff as New CTO

AIA Singapore announces the immediate appointment of Afees Ashroff as its new Chief Technology Officer (CTO). He will report to

Read More

Temasek-backed Partior Ledger Expands Following US$60M+ Series B Investment

Partior, a fintech known for its global unified ledger based interbank rails for real-time clearing and settlement, has announced the

Read More

Maybank Thwarts S$1.2 Million in Scams with Singapore Police

With help from the Singapore Police Force, Maybank has intervened in 19 scam cases from March 2023 to June 2024,

Read More

Sumsub Bolsters Presence in Southeast Asia with New Partnerships

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the

Read More

No Immediate Plans for Crypto Listings at SGX, Says CEO

The Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, Chief Executive Loh Boon Chye

Read More

Fave Singapore Gets In-Principle Approval for Payments License

Fave Singapore, operating under the registered entity Beeconomic Singapore Pte. Ltd. and part of the Pine Labs group, has received

Read More

BIS to Address Data Gaps in Global Value Chain Monitoring with Project Insight

The Bank for International Settlements (BIS) is set to launch Project Insight, an initiative aimed at enhancing the monitoring of

Read More

DBS’ Crypto Arm Reports Tripling Trading Volume, Explores Stablecoin Listings

DBS Digital Exchange (DDEx) has experienced significant growth in the first five months of 2024, with the trading volume of

Read More

Outdated Payment Systems Eroding Profit Margins Across Travel Industry

A new report by global payments firm Airwallex and Skift Research reveals that 66 percent of travel companies worldwide are

Read More

Singapore Banks to Phase Out OTPs for Digital Token Users

Major retail banks in Singapore will progressively phase out One-Time Passwords (OTPs) for digital token users over the next three

Read More

Karl Westvig to Lead TymeBank as CEO Starting October

South African digital bank TymeBank has appointed Karl Westvig as its new CEO, effective 1 October 2024. Coenraad Jonker, the

Read More

OCBC Offers Financial Wellness Programme for Singapore Property Agents

OCBC has unveiled OCBC PartnerCare, a new financial and personal wellness programme tailored for over 35,000 property agents in Singapore.

Read More

Zheng Yu Dong Steps Down as MariBank CEO, Stays on as Advisor

Zheng Yu Dong announced that he will be stepping down as CEO of MariBank, a digital bank licensed by the

Read More

M-DAQ Global’s Doubled Losses Overshadow Revenue Gains in 2023

M-DAQ Global, a fintech firm supported by Affinity Equity Partners and China’s Ant Group, saw its consolidated net loss for

Read More

Citigroup Cuts 500 Jobs in Singapore as Part of Global Strategy

Citigroup Inc. has laid off about 500 employees as part of a global restructuring effort, as reported by The Straits

Read More

Nominations Now Open for SFF 2024 Fintech Excellence Awards

The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) have opened nominations for the Singapore Fintech Festival

Read More

Maybank Singapore Rolls Out ‘Money Lock’ Feature to Combat Scams

Maybank Singapore has launched the Money Lock feature, adding a layer of security to protect customers’ funds. This new feature

Read More

How Distributed Databases Drive the Digital Boom in ASEAN: Insights from OceanBase

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. The region

Read More

Singapore Fintech Festival 2024 Sets Stage for Responsible AI, Quantum Tech

The Singapore Fintech Festival (SFF) 2024 is set to return for its 9th edition from 6 to 8 November, with

Read More

Chong Khai Siang Takes Helm as Validus Group CFO

Validus, a digital SME financing platform based in Singapore, has appointed Chong Khai Siang as its Group Chief Financial Officer

Read More

OCBC and Goldhorse Expand Investment Options for High-Net-Worth Clients

OCBC has partnered with Goldhorse Capital Management to expand its product offerings in a scalable manner, targeting institutional clients in

Read More

BIS: Central Banks Need to Embrace the AI Era to Stay Ahead of Financial Efficiency

As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape,

Read More
View More Posts

Latest Industry Reports

95% of Singapore Travel Firms Eye Payment Tech Upgrades as Top Priority

The travel industry, once central to global commerce, has seen major changes due to the COVID-19 pandemic – especially in

Read More

APAC’s Developing Countries Leading the Way in Generative AI Adoption

Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their

Read More

The Future of Digital Remittance in Asia

In today’s interconnected world, digital remittance in Asia and the movement of money across borders have become essential aspects of

Read More

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

Read More

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

Read More

Here Are 2024’s Top VC Fintech Funding Rounds in Asia So Far

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

Read More

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

Read More

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 More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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.

Read More

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

Read More