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Revolut Expands ‘Mobile Wallet’ to S’pore for Transfers to Bangladesh and Kenya

Global neobank Revolut has expanded its services by launching the “Mobile Wallets” feature in Singapore, enabling customers to transfer money

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Singapore’s Equity Management Platform Qapita Raises US$17.2 Million

Singapore’s fintech startup, Qapita, has raised US$17.2 million in a funding round believed to be pre-Series B, adding to the

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StanChart’s audax and Thought Machine Tie Up for Digital Banking, BaaS Solutions

audax Financial Technology, backed by Standard Chartered, and Thought Machine, a cloud-native banking technology company, have announced a strategic partnership

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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion

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5 Asia Pacific Fintech Firms Eyeing an IPO Earliest in 2024

The fintech industry in the Asia Pacific region is booming, with several high-growth companies potentially eyeing an initial public offering

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RBI Grants Payment Aggregator License to Amazon Pay in India

Amazon Pay has been granted a payment aggregator (PA) license by the Reserve Bank of India (RBI), marking a pivotal

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Elaine Heng to Lead OCBC’s Newly Formed Strategy and Sustainability Division

OCBC Bank has established a new division named Group Strategy, Innovation, and Sustainability. The division aims to anchor the bank’s

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Singapore Fintech Fluid Founded by Former Atome Exec Trasy Walsh Raises US$5.2M

Singapore-based fintech startup Fluid has announced a US$5.2 million Series A funding round led by Insignia Ventures Partners to expand

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Citi Establishes Two New Wealth Advisory Centers in Singapore

Citibank Singapore has expanded its footprint in the country with the opening of two new wealth advisory centers, marking the

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Flagright and SALT to Bolster Compliance and Fraud Prevention for SMEs

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a

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Nominations Now Open for Sustainability Impact Awards 2024 by UOB and BT

The Sustainability Impact (SI) Awards 2024, a collaborative effort between The Business Times (BT) and United Overseas Bank (UOB), has

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Former Funding Societies CTO Ishan Agrawal Launches YC-Backed Branch AI

Ishan Agrawal, the former Group Chief Technology Officer of SME digital finance platform Funding Societies, has embarked on a new

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DBS, Sheng Siong Join Forces to Promote Sustainability Among SME Suppliers

DBS Bank and supermarket chain Sheng Siong have embarked on a mission to assist suppliers in adopting more sustainable business

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Visa, GSMA Launch Digital Finance Inclusion Initiative for 20 Million People Globally

Visa is collaborating with the GSMA Mobile for Development Foundation to launch the Digital Finance for All (DFA) initiative. This

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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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Netcetera and G+D Launch New 3DS Server in India to Enhance Digital Payments

Netcetera, a Swiss software company providing digital payment solutions, and Giesecke+Devrient (G+D) have launched a new 3D Secure (3DS) server instance

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Digital Offerings like BaaS to Contribute Over 40% of APAC Banking Revenue By 2030

Banks in Asia-Pacific (APAC) are diversifying their offerings and embracing innovative digital strategies including super-app platforms, financial marketplaces and banking-as-a-service

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Former Grab Exec Mehrotra Leads JULO to Profitability, Eyes IPO Plans

JULO, an Indonesian fintech offering digital peer-to-peer lending, has announced it reached an annual recurring revenue surpassing US$120 million in

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Rohith Murthy Named MoneyHero CEO, Aggarwal Moves to Advisory Role

Financial product comparison platform MoneyHero announced the immediate appointment of Rohith Murthy as the Chief Executive Officer (CEO). His appointment

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Vietnamese Fintech 1Long Raises US$500K in Pre-Seed Funding

1Long, a fintech startup based in Vietnam, has raised US$500,000 in a pre-seed funding round supported by a consortium of

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VIB Upgrades Core Banking System with Temenos, Leverages AWS Cloud

Vietnam International Bank (VIB) has implemented the latest version of the Temenos Core Banking solution, powered by Amazon Web Services

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Thailand’s SEC Proposes to Revoke Crypto Exchange Zipmex’s License

The Securities and Exchange Commission Board (SEC Board) of Thailand has recommended the Minister of Finance to consider the revocation

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DBS Expands Its Money Lock Feature ‘digiVault’ to All Accounts

DBS and POSB has announced the expansion of its digiVault protection to all customer accounts, providing users with the option

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MAS and Singapore Police Probe Samlit Moneychanger Amid Fraud Allegations

A major investigation is underway in Singapore involving the police and the Monetary Authority of Singapore (MAS) against two key

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Singapore Wealth App Hugosave Earns Shariah-Compliance Certification

Singapore-based wealth and savings app Hugosave announced that it is now jointly certified as Shariah-compliant. This certification, awarded by a

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HitPay Gets In-Principle Nod for Payment License in Singapore

HitPay, a provider of commerce infrastructure for small businesses, has received in-principle approval from the Monetary Authority of Singapore (MAS)

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Sea Group in Talks to Acquire Minority Stake in Indonesian Bank HiBank

Singaporean tech conglomerate Sea Group is reportedly poised to acquire a minority stake in HiBank, a subsidiary of PT Bank

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What Drives 53% of Singaporeans Away from Digital-Only Banking?

A plethora of technological advancements and geopolitical events repeatedly upend the banking industry. 2023 was no exception, marked by highly

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Nium is the Sole Asian Fintech on the Latest Forbes Fintech 50 List

In its ninth annual Fintech 50 list, Forbes has spotlighted its key contributors to the fintech sector, and Singapore-headquartered payments

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Visa Launches Revamped Innovation Center in Singapore

Payment giant Visa has unveiled its newly transformed Innovation Center in Singapore which will serve as a collaborative space for

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Latest Industry Reports

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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Will 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

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6 Fintech Resources in Asia to Read in Preparation for 2024

In the dynamic world of fintech, staying informed about the latest trends and challenges is crucial for businesses and individuals

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Addressing the Silent Crisis of Failed Payments

In a global financial landscape where efficiency and accuracy are paramount, the challenge of failed payments is a significant hurdle

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Beyond 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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Beyond Onboarding: Maximising Customer Value through Risk Decisioning in APAC

Discussions about risk decisioning platforms often center around onboarding and loan origination. However, investing at the start of the journey

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Global ESG Fintech Investment Expected to Exceed US$ 100 Billion This Decade

Despite high-interest rates, plunging fintech valuations, and a slowdown in external deal activity, the environmental, social and governance (ESG) fintech

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The Key Factors Driving Wealthtech in the Philippines

The Philippines’ wealthtech sector, which somehow still remains at a nascent stage of development, is poised to witness strong growth

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