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How MyInfo Revolutionized Verification Process in Singapore

February 21, 2020

MyInfo made verification process easier than ever for the citizens of Singapore and thanks to BASIS ID every FinTech can now integrate this service into its platform. Know Your Customer or simply KYC remains one of the biggest pains for

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AI

Masan Group’s Subsidiary Invests US$105 Million in Singapore’s Trust IQ

February 13, 2023

Vietnamese conglomerate Masan Group’s subsidiary the Sherpa Company has received the green light to invest US$105 million in Singapore’s tech company Trust IQ, the holding company of Trusting Social. The announcement of Masan’s investment was made in April 2022. Sherpa will

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Australia

Cover Genius Acquires Embedded Warranty Provider Clyde

March 16, 2023

Cover Genius, an Australian insurtech for embedded protection, announced that it has acquired US-based embedded warranty provider, Clyde Technologies. Details of the transaction was not disclosed. The insurtech said that the assets acquired will assist its continued expansion into the

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Award

Meet the 36 SFF Global Fintech Awards Winners

November 7, 2022

36 companies and individuals have been selected as winners of the SFF Global Fintech Awards 2022 under the theme “Embracing Digital, Charting the New Normal”. The winners, which were announced during the Singapore Fintech Festival’s Fintech Awards Dinner, were selected

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Bangladesh

Can Fintech in Bangladesh Catch Up with its South Asian Neighbours?

March 21, 2023

In recent years, Bangladesh has seen rapid growth in its fintech sector, fueled by the widespread adoption of mobile technology. This has enabled financial services to reach millions of previously unbanked citizens, leading to a remarkable rise in financial inclusion

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Big Data

InterSystems Survey Highlights Data and Tech Obstacles for Financial Services in Asia Pacific

March 8, 2023

Financial services firms across the Asia Pacific are facing an ever-increasing array of data and technology challenges stemming from both the growth in the volume of customer and business data being generated and the proliferation of data siloes across different

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Blockchain

Swift Completes Sandbox Testing of API-Based CBDC Project

March 13, 2023

Swift said that 18 central and commercial banks found “clear potential and value” in its API-based Central Bank Digital Currency (CBDC) connector. Following a 12-week period of collaborative sandbox testing, almost 5,000 transactions were simulated between two different blockchain networks

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Brunei

Brunei’s Baiduri Bank Taps finbots.ai for AI-Powered Credit Scoring

February 8, 2023

Brunei’s Baiduri Bank has selected finbots.ai, an AI-powered credit scoring software provider backed by Accel, to accelerate the bank’s financial inclusion drive for the underserved credit market. By adopting finbots’ AI credit modelling solution, creditX, Baiduri Bank will be able

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Brunei Joins Fintech Race

November 7, 2017
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Cambodia

Cambodia’s ACLEDA Bank Picks FSS to Consolidate Its Merchant Operations

July 13, 2022

FSS Technologies Singapore, a provider of banking and payment technology solutions, announced a partnership with Cambodian commercial bank ACLEDA. The multi-product deal aims to consolidate and digitally transform ACLEDA’s nationwide merchant operations and automate its terminal monitoring, reconciliation and settlement

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China

Singapore, China Strengthen Green Finance and Capital Market Cooperation

November 2, 2022

New initiatives to expand cooperation in green finance and deepen capital market linkages with China were recently announced by the Monetary Authority of Singapore (MAS) at Singapore’s 18th Joint Council for Bilateral Cooperation (JCBC).  Among the initiatives is the establishment

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Cloud

YouTrip Integrates With Xero to Offer Cloud-Based Accounting for SMEs

March 7, 2023

YouBiz, the corporate card and finance management platform by Singapore’s neobank YouTrip, has partnered with cloud-based accounting software provider Xero. The partnership aims to equip local businesses and startups with more capabilities to manage their corporate expenses efficiently through the

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Company Announcement

Craig Bennett Is Temenos’ New APAC Managing Director

September 14, 2022

Banking software company Temenos announced that Craig Bennett has been promoted to Managing Director – Asia-Pacific, responsible for driving strategy and execution in the region. Temenos continues to see strong momentum across the region, with recent milestones such as the

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Contests

MatchMove Pay To Tap Into Southeast Asia’s Remittance Market, Hyperledger Wins Innotribe Startup Challenge

October 22, 2015

Exciting things are happening in Singapore. In case you missed it last week, MatchMove Pay, one of the hottest fintech startups in Southeast Asia, was granted a remittance license from Singapore’s central bank to tap into Southeast Asia’s juicy remittance

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Covid19

4 Trends That Will Shape Financial Services in a Post-COVID World

July 19, 2022

The groundswell of digitalisation that forced whole industries and services online in 2020 during the early onset of the COVID-19 pandemic, only continued growing in 2021 despite the return to office-based work and vaccine rollouts across the globe. Corporations, SMEs,

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CreditCards

Useful Life Hacks – How To Improve Your Credit Score Fast?

July 7, 2022

Your credit score is one of the most important numbers in your life. It can determine whether you can get a loan, how much you’ll have to pay for that loan, and even whether you can get a job. A

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Crowdfunding

Southeast Asia’s Underbanked Consumers and Businesses Embrace Alternative Financing Platforms

January 17, 2023

In Southeast Asia, digital financial services are contributing to advancing financial inclusion for both individual and business users, oftentimes arising as the last resort to secure much need financing, according to a new report by the Cambridge Centre for Alternative

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Crypto

How Bitcoin Drove These People to Wealth

March 15, 2023

For over a decade, cryptocurrencies have acted as a catalyst for a headstart in the finance world. Just by investing a fraction of their income and following Bitcoin news closely, the lives of the investors featured below have changed completely.

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Digital Assets

Are CBDCs a Threat to Monetary Policy? Possibly, Says IMF

March 23, 2023

Central Bank Digital Currencies (CBDCs) represent a transformative development in the financial industry, as a growing number of countries rapidly progress from theoretical considerations to focused research and pilot programs. The compelling advantages of CBDCs have garnered the attention of

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Digital Transformation

KASIKORNBANK Onboarded Two Million Users to Its App Last Year

March 22, 2023

KASIKORNBANK (KBank) onboarded two million new users on its K PLUS online banking app in 2022, more than a million of them were new to the bank itself. The surging use of its digital platforms with 98% of all KBank’s

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E-commerce

Indonesia Expected to be South East Asia’s Biggest BNPL Market by 2025

January 5, 2023

BNPL has become a popular payment option in Indonesia due to its convenience and flexibility. With relatively low financial inclusion and even lower credit card penetration, BNPL offers the Indonesian public an alternative to pay a lower upfront amount for

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e-Commerce Fraud Blog

Are You Protecting Your Digital Wallet Users From Fraud?

January 20, 2022

As more users adopt them, fully digital payment methods like e-wallets are becoming increasingly vulnerable: fraud can creep in before and during transactions. More than 140 million people adopted digital wallets in 2019 globally. This number is only projected to increase in

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E-wallets

Momo’s 31 Million Users Can Now Receive Western Union Money Transfers

March 21, 2023

Vietnamese e-wallet M-Service which operates under the MoMo brand announced that it has enabled its customers to receive Western Union money transfers on its app. MoMo said in a press release that it is the first super app in Vietnam

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Economy

4 Tips to Pay Off Your Debt Without Being Overwhelmed

January 19, 2023

Are you struggling to pay off your student debt loans amid rising interest rates and increasing financial insecurity? Paying off debt can prove overwhelmingly stressful, especially if you spend uncontrollably and struggle to control your urges. Millions of Americans struggle

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Events

25 Fintech Events to Attend in Southeast Asia in Q2 2023

March 14, 2023

In Southeast Asia Asia, fintech is one of the most dynamic sectors in the startup landscape – an industry that has kept on growing and evolving throughout the years on the back of new technological developments, increased adoption of digital

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Financial Inclusion

Can Fintech in Bangladesh Catch Up with its South Asian Neighbours?

March 21, 2023

In recent years, Bangladesh has seen rapid growth in its fintech sector, fueled by the widespread adoption of mobile technology. This has enabled financial services to reach millions of previously unbanked citizens, leading to a remarkable rise in financial inclusion

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Fintech IPO

Southeast Asia’s Top 5 Largest Fintech Unicorn Exits

April 21, 2022

Over the past decade, Southeast Asia’s startup ecosystem has significantly matured with an estimated US$52 billion of venture capital (VC) invested into startups and an increasing number of large late stage deals, according to a 2021 report by investment firm

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Fintech Opinion Leader

Banking Consumers Want Financial Empowerment, Not Just Apps

June 2, 2021

Consumers don’t just want shiny apps and digital banking, they want to feel that their bank is a partner who can help them reach financial empowerment. That is the finding of a new ethnographic study by Finastra, which has gone

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Fintech Security Leader

Bad Bots Keep Their Eyes on the Money

April 6, 2021

If you could look like a million people, what kinds of crimes could you commit? Today’s fraudsters have access to enormous resources and pretend to be a whole horde of people with nearly limitless options at their disposal to mask

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Fintech Startup of the Week

CardUp Allows You to Pay Your Rent, Tax, Insurance and More With Your Credit Card – and Earn Additional Rewards

June 19, 2020

COVID-19 continues to spread in Singapore with 257 new reported cases, bringing the national total to 41,473, including 26 deaths, according to latest data from the Ministry of Health, dated June 18. As a result of the pandemic and ensuing

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Funding

Fintech Investor BitRock Capital Plans to Raise New US$100 Million Fund

March 23, 2023

Singapore-based fintech investment firm BitRock Capital is currently inching towards meeting its target to close a new US$$100 million fund, according to a Bloomberg report. This would more than double BitRock’s first fund close in 2021. The new fund will

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Green Fintech

Singapore Leads ASEAN’s Climate Fintech Revolution Amid Climate Emergency

March 22, 2023

The climate crisis is a defining challenge for Southeast Asia, a region that’s among the most vulnerable to global warming but which also significantly contribute to its cause. Against this backdrop, a new generation of fintech startups are emerging out

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Healthtech

Doctor Anywhere Secures USD38.8 Million Funding and Announces Acquisition

December 22, 2022

Doctor Anywhere (DA), a regional tech-led healthcare company headquartered in Singapore, announced that it has acquired Catalist-listed Asian Healthcare Specialists , an integrated healthcare provider in Singapore. Asian Healthcare Specialists is a group of 14 medical specialists, with a patient-first

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Hong Kong

Babel Finance Files for Moratorium, Works on New Stablecoin to Repay US$766M Loss

March 8, 2023

Hong Kong-based crypto lender Babel Finance has filed applications in the Singapore High Court to buy more time from its creditors for up to six months. The moratorium is intended to allow the restructuring efforts made by Babel Finance in

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India

Walmart Invests US$200 Million in PhonePe

March 20, 2023

Indian digital payments company PhonePe announced that it has secured an additional US$200 million from Walmart, bringing its total funds raised for this tranche to US$650 million. The raise places PhonePe’s pre-money valuation at US$12 billion. PhonePe said that it

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Indonesia

Mizuho Leads Kredivo Holdings’ US$270 Million Series D Fundraise

March 23, 2023

Kredivo Holdings, the parent company of Kredivo and Krom Bank Indonesia formerly known as FinAccel, announced the close of its US$270 million Series D fundraise led by Japanese global bank Mizuho Bank. The oversubscribed round was joined by Kredivo’s existing

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Infographic

Fintech Infographic of the Week: Making Investing More Accessible with Decentralized Finance

July 18, 2019

Across the globe, access to financial markets diverges dramatically from one country to another. While in the US about 52% of people are investing in the stock market, in emerging countries like India and Mexico, the figure drops significantly with

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Innovation

Singapore Study on Harvard Case Platform Reveals What Sets DBS’ Digital Transformation Apart

February 21, 2023

Singapore-based DBS Bank has become a top-ranked bank globally driven by its successful digital transformation initiatives, focus on sustainability, and high-quality customer service. DBS has managed to maintain its competitive edge by embracing digital innovation and staying at the forefront

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InsurTech

Cover Genius Acquires Embedded Warranty Provider Clyde

March 16, 2023

Cover Genius, an Australian insurtech for embedded protection, announced that it has acquired US-based embedded warranty provider, Clyde Technologies. Details of the transaction was not disclosed. The insurtech said that the assets acquired will assist its continued expansion into the

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IOT

Changing the World With Bank of Things

January 27, 2021

Digital transformation is now everywhere, as every industry is actively adopting advanced information and communications technology (ICT) while changing business practices. The digital economy is extending its presence with speed, ease of access, as well as the power penetration that

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Jobs

Fintech Job Moves and the Hottest Open Positions in Singapore and HK

February 18, 2019

Fintech in Asia-Pacific is expected to grow at a compound annual growth rate (CAGR) of 72.5% from 2015 to reach US$72 billion in 2020, according to a Frost & Sullivan report. But insights from Michael Page indicate that there is

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Kazakhstan

Singapore and Kazahkstan Signed an Agreement to Boost Fintech Innovations

November 14, 2018

While not often said in the same sentence, Singapore and Kazakshtan have inked a Cooperation Agreement for increased fintech collaborations in earnest. The Astana Financial Services Authority (AFSA), Astana International Financial Centre Authority (AIFCA) and the Monetary Authority of Singapore (MAS)

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Korea

ComfortDelGro Partners Alipay+ to Accept Mobile Payments From Malaysia, S. Korea

June 9, 2022

Singaporean taxi operator ComfortDelGro Taxi has partnered with Alipay+ to enable mobile payments from Malaysia and South Korea through Touch ‘n Go eWallet and Kakao Pay respectively in all its Comfort and CityCab taxis. Users of these mobile wallets can

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Laos

Why Rural Banks Are Essential to the Microfinance Ecosystem of Laos

February 28, 2023

Rural banks fulfil different roles in different countries, but across the board they help to promote financial inclusion efforts to move the local population – many who have never possessed a bank account – to participate in the regional economy.

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Lending

Mizuho Leads Kredivo Holdings’ US$270 Million Series D Fundraise

March 23, 2023

Kredivo Holdings, the parent company of Kredivo and Krom Bank Indonesia formerly known as FinAccel, announced the close of its US$270 million Series D fundraise led by Japanese global bank Mizuho Bank. The oversubscribed round was joined by Kredivo’s existing

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Malaysia

Google Wallet Lands in Vietnam, Thailand and Malaysia

November 16, 2022

Google Wallet has now been extended to three additional Southeast Asian countries – Vietnam, Thailand and Malaysia – making it available in 57 countries total. In Vietnam, the feature is currently only supported for Visa cardholders while Mastercard will be

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Mobile Payment

Singtel to Offer Zip’s BNPL Service Through Its Dash App

February 11, 2022

Singtel is set to launch Australian Buy Now, Pay Later (BNPL) player Zip’s service on its Dash app in Singapore. This new service provides an alternate payment option for Dash customers, giving them the flexibility to choose between paying for

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Mobile Payments

How Gen-Zs Are Redefining Payments

January 10, 2023

Southeast Asia’s payment ecosystem is undergoing a profound transformation, fueled by rapid adoption of digital payments, modernization initiatives by governments and a burgeoning consumer base of mobile-first young adults with new habits and expectations, a new blog post by payment

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Myanmar

Telenor Sells 51% Stake in Wave Money for US$ 53 Million

January 18, 2022

Telenor Group announced that it will be selling its 51% stake in digital payment solutions provider Digital Money Myanmar, also known as Wave Money, for US$ 53 million to Yoma MFS Holdings, a subsidiary of Yoma Strategic. This subsidiary is to

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New Zealand

P2P Lending in Australia and New Zealand

September 3, 2018

Since the arrival of peer-to-peer (P2P) lending in Australia and New Zealand, in 2012 and 2014 respectively, the practice has become more and more popular.   P2P lending in Australia The Australian Securities and Investments Commission (ASIC) reported a total

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Newsletter

Top Fintech Vietnam News from October 2017

November 7, 2017

Fintech Vietnam Meetup is back with the October 2017 newsletter with all you need to know about Fintech in Vietnam. Last edition, we shared the news of how foreign competitors like Samsung and Alipay are entering the e-payments market. Now with Tencent also seemingly in the fray,

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Online Wealth Mgt

Robo Advisors in Singapore: Which One is Right For You?

April 14, 2021

Robo advisors in Singapore are seeing rapid growth. Robo advisors first emerged in 2008 as a result of the financial crisis. As time passed and digitalisation began to play a more prominent role in society, robo advisors grew in tandem.

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Open Banking

Open Banking in APAC: Market-Led vs Regulator-Led Approaches

March 22, 2023

Open banking is steadily making its way into Asia-Pacific (APAC), and though the industry remains largely nascent compared with pioneers like to European Union, adoption is increasing at a stable pace, enabled by new regulatory frameworks and market-led initiatives. A

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Pakistan

Global Payments Firm BPC Appoints New Managing Director for Pakistan

February 2, 2023

Global payments firm BPC announced the appointment of Furrukh Ali Baig as Managing Director for the South Asian region. Ali Baig has been at the helm of BPC’s business development team for the last six years and has 12 years

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Partner Content

7 Startups Graduate From F10 Singapore’s Second Acceleration Batch

December 9, 2021

The F10 Singapore Global Summit that was held on 30th November 2021 marked the end of the 3-month programme for its second acceleration batch featuring 7 startups. GreenArc Capital, New Wealth, Doomoolmori, BlueFire AI, Onchain, Senseforth, and InvestaX will continue

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Payments

Bank Indonesia Now Has 122 Participants for Its Real-Time Payment Scheme BI-FAST

March 21, 2023

Bank Indonesia (BI) announced that it has onboarded another 16 participants for its domestic real-time payments scheme BI-FAST powered by ACI Worldwide. BI-FAST is accessible through applications or channels provided by the payment system industry to facilitate retail payment transactions

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Personal Finance Mgt (PFM)

8 Tips to Manage Your Finances Before a Big Spending

January 12, 2023

Learning how to manage your spending, saving money, and managing debt, are all a part of your financial journey. During your journey, there might be “speed bumps” like a sudden change in income that you weren’t expecting. Additionally, you may

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Philippines

Brankas Scores Payment Licenses in the Philippines, Indonesia

March 20, 2023

Southeast Asian open finance platform Brankas announced that it has received payment licenses from Bank Indonesia (BI) and the Bangko Sentral ng Pilipinas (BSP). The firm managed to secure the Payment Service Provider (PJP) Category 3 license in Indonesia and

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Podcast

7 Asia-Focused Fintech Webinars and Podcasts to Watch and Listen Now

January 28, 2022

Asia has become a hotspot of digital innovation in the global financial and banking sector, aided by the region’s young, digitally-savvy population, rapid digital adoption, and government support to advance financial inclusion. To help fintech professionals keep up with the

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Project Management

7 Ransomware Prevention Tips for Small Businesses

February 27, 2023

Ransomware isn’t just something that “other” businesses deal with. If you aren’t careful, it can become something that tears your business apart from the inside out. That’s not meant to scare you, but it should wake you up to the

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Proptech

Singapore’s Proptech Firm Ohmyhome Lists on Nasdaq

March 23, 2023

Singapore proptech firm Ohmyhome announced that it had begun trading on the Nasdaq Stock Market in New York on 21 March under the ticker symbol “OMH”. Ohmyhome is selling 3,775,000 million shares at a price of US$4.00 per share in

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Redefining Finance for Good

Redefining Finance for Good: Indonesia’s Largest Bank Reflects on the Future of Banking

September 28, 2020

COVID-19 has been an important catalyst for digital transformation across all industries. In banking, the pandemic has accelerated banks’ digitalization push and triggered a sharp rise in digital payments and digital banking usage. In partnership with Finastra, the Fintech News

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Regtech

Matrixport Partners With Chainalysis to Step up Its Compliance Capabilities

January 10, 2023

Singapore-based crypto lender Matrixport will be leveraging Chainalysis’ blockchain data platform to step up its compliance capabilities, support anti-fraud protocols and monitor risk. Through this partnership, Matrixport will be able to monitor its cryptocurrency assets to detect patterns of high-risk

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Remittance

Global B2B Cross-Border Payments Market Set to Reach $40 Trillion by 2024

February 8, 2023

The Business-to-business (B2B) sector has unique requirements when it comes to payments, which has resulted in the rise of cross-border payment solutions that cater to these needs.  These solutions allow businesses to make and receive payments in various currencies, with

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Security

Ransomware, Wiper, Botnet Attacks Are on the Rise Warns Fortinet

March 22, 2023

In 2022, cybercriminals became more methodical and innovative in their tactics, reviving old methods, introducing new advanced attack techniques, and continually coming up with more sophisticated ways to infiltrate networks, according to a new report by American cybersecurity firm Fortinet.

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Singapore Fintech Festival 2020

All The Major Singapore Fintech Festival Announcements At a Glance

December 14, 2020

The Singapore Fintech Festival (SFF) 2020 took place between December 7 to 11 this year, featuring a unique hybrid format that combined a 24-hour online platform with satellites events around the world. The 2020 week-long fintech gathering included more than

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Singapore Fintech Festival 2021

MAS, Singapore Fintech Association Announces the Winners of SFF Global Fintech Awards

November 12, 2021

The SFF Global FinTech Awards brings together the Fintech Awards previously presented separately by the Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) at the Singapore Fintech Festival. The theme for this year’s Awards is “Emerging from

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Singapore Fintech Festival 2022

Singapore Fintech Festival 2022 Saw Its Largest Turnout With Over 62,000 Participants

November 14, 2022

The Singapore Fintech Festival (SFF) this year brought together more than 62,000 participants from over 115 countries, emerging as its largest gathering to date since the inaugural edition in 2016. SFF 2022 featured more than 850 speakers from private and

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Sponsored Post

Inypay Appoints Kawin Boonyapredee as Chief Information Security Officer

March 22, 2023

Inypay, a soon-to-be-launched Singaporean neobank, announced that it has appointed Kawin Boonyapredee as its Chief Information Security Officer (CISO). In his new role as CISO, Kawin will be responsible for overseeing the company’s information security programme and ensuring that all

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Sponsored Press Release

CIMB Philippines Closes 2022 With Strong Performance in Deposits, Lending Portfolios

February 10, 2023

Digital banking services provider CIMB Bank Philippines has ended the year 2022 with a strong performance on both its deposits and lending portfolios. CIMB Bank PH reached its all-time high cash-in transaction value of PHP 128 billion in 2022, 68%

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Sri Lanka

Fintech Sees Modest Growth in Sri Lanka as Old Habits Die Hard

July 15, 2019

In Sri Lanka, fintech holds many promises, and while local banks are investing heavily in digitalization, many challenges still need to be addressed before a real, dynamic fintech ecosystem emerges. When it comes to digital finance, it is safe to

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Studies

Top 5 Fintech Whitepapers to Keep You Future-Ready

October 24, 2022

The digital payments market in Asia-Pacific is expected to more than triple to US$67.42 billion by 2028, according to a recent estimate. That’s a healthy growth of 21.1 percent CAGR from US$17.85 billion in 2021, fuelled by customers’ familiarity with doing

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Thailand

KASIKORNBANK Onboarded Two Million Users to Its App Last Year

March 22, 2023

KASIKORNBANK (KBank) onboarded two million new users on its K PLUS online banking app in 2022, more than a million of them were new to the bank itself. The surging use of its digital platforms with 98% of all KBank’s

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Top Picks

Banks Losing Ground to Fintechs in Asia’s Cross Border Payments Space

February 23, 2023

Fintech companies and specialist providers are rapidly gaining ground in Asia’s cross-border payment market, putting increased competitive pressure on banking incumbents and forcing them to look for new opportunities, a new report by global consultancy McKinsey claims. In Asia, fintech

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Trade Finance

Finastra Partners With Integro Technologies for Frictionless Trade Finance

February 22, 2023

Financial services software and cloud solutions provider Finastra has partnered with Aurionpro’s subsidiary Integro Technologies for frictionless trade finance. Banks will now be able to combine Integro’s SmartLender solution’s advanced exposure risk capabilities with Finastra’s Trade Innovation solution’s front-to-back capabilities

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Trading

How Bitcoin Drove These People to Wealth

March 15, 2023

For over a decade, cryptocurrencies have acted as a catalyst for a headstart in the finance world. Just by investing a fraction of their income and following Bitcoin news closely, the lives of the investors featured below have changed completely.

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Travel

Niall Carroll and The Impact of Travel Restrictions on UK-Based Businesses

September 28, 2021

More than a year into the pandemic, businesses are still being affected by restrictions, including those around international travel. While the lifting of many measures has already begun, both the UK and US governments have announced that there will be

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Various

MAS: Credit Suisse to Continue Singapore Operations Without Disruptions

March 20, 2023

Credit Suisse will continue operating in Singapore without any interruptions or restrictions following its takeover by UBS, said the Monetary Authority of Singapore (MAS). MAS added that customers will continue to have full access to their accounts and Credit Suisse’s

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Vietnam

Top 10 Investors in Vietnam Backing Emerging Fintech Startups

March 21, 2023

Over the past years, Vietnam has emerged into one of the fastest-growing fintech markets in Southeast Asia, amid growing customer adoption, sustained venture capital (VC) funding activity, and increased support from the government to foster innovation. In this burgeoning landscape,

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Virtual Banking

Mizuho Leads Kredivo Holdings’ US$270 Million Series D Fundraise

March 23, 2023

Kredivo Holdings, the parent company of Kredivo and Krom Bank Indonesia formerly known as FinAccel, announced the close of its US$270 million Series D fundraise led by Japanese global bank Mizuho Bank. The oversubscribed round was joined by Kredivo’s existing

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Wealthtech

Endowus Appoints Hugh Chung as New Chief Investment Advisory Officer

March 14, 2023

Singapore’s digital wealth management platform Endowus announced that it has appointed Hugh Chung as its Chief Investment Advisory Officer. In his new role, Hugh will be leading the collective efforts of the centralised Investment Office across the group. This includes

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World news

The Silicon Valley Bank Collapse, Contagion, and Containment

March 14, 2023

The collapse of Silicon Valley Bank (SVB) has sent shockwaves throughout the global economy. SVB was the parent bank that focused on tech startups, and its failure announced on Friday, 10 March is the biggest since the 2008 financial crisis.

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