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How MyInfo Revolutionized Verification Process in Singapore
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
Read MoreAI
SoftServe to Showcase Generative AI Innovations at Money20/20 Asia
SoftServe, a global IT consulting and digital services firm, is set to present its latest generative AI (Gen AI) technologies at the upcoming Money20/20 Asia conference. The event, scheduled for 23-25 April in Bangkok, Thailand, will highlight innovative applications of
Read MoreAustralia
Indonesia 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 for cryptocurrency information sharing. This agreement aims to bolster the detection and management of crypto assets potentially subject to taxation
Read MoreAward
Meet the 36 SFF Global Fintech Awards Winners
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
Read MoreBangladesh
Huawei and bKash to Advance Financial Inclusion in Bangladesh in line with SDGs
In the bustling nation of Bangladesh, home to a vast population, a digital transformation has taken the nation by storm as the mobile financial services (MFS) sector experiences unprecedented growth. Recent data from the central bank reveals that a staggering
Read MoreBig Data
Bridging the Gap in Modern Data Management
In the fintech industry, where data flows are as crucial as financial currents, adeptly managing vast volumes of information is beneficial and essential. The sector is witnessing a pivotal shift from traditional database systems to more sophisticated and scalable solutions.
Read MoreBlockchain
KASIKORNBANK, 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 blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Morgan’s
Read MoreBrunei
Fintech and Digital Financial Services Gain Momentum in Brunei
The significance of fintech is rising within Brunei’s economy, driven by increased efforts from both the public and private sectors to leverage technology to enhance financial services, improve accessibility and drive economic growth. At the Britain Brunei Business Forum’s “Brunei’s
Read MoreCambodia
Cambodia Advances Tourism Sector with Blockchain-Based Digital Currency Payments
Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. This effort is part of the country’s broader strategy to update its tourism sector, reflecting the significance of tourism as
Read MoreChina
Singapore Continues Suspension to Safeguard Remittances to China
The Monetary Authority of Singapore (MAS) has announced an extension to the ongoing suspension affecting remittances to China. This suspension, now extended until 30 September 2024, pertains to the use of non-approved channels by remittance companies for transferring funds to
Read MoreCloud
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 aimed at reshaping the banking technology arena. The partnership is set to deliver digital banking and Banking-as-a-Service (BaaS) solutions designed
Read MoreCompany Announcement
Forex Trading: The Transformational Journey of the Last 20+ Years
Forex trading or foreign exchange is the most dynamic and liquid market where currencies are bought and sold globally. Over the past two decades, Forex trading has undergone a spectacular transformation, shifting from a traditional and centralised system to a
Read MoreContests
MatchMove Pay To Tap Into Southeast Asia’s Remittance Market, Hyperledger Wins Innotribe Startup Challenge
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
Read MoreCovid19
4 Trends That Will Shape Financial Services in a Post-COVID World
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,
Read MoreCreditCards
Useful Life Hacks – How To Improve Your Credit Score Fast?
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
Read MoreCrowdfunding
Digital Lending in Southeast Asia is Key to Solving Its Underbanked Challenge
Digital lending in Southeast Asia is a key contributing factor to advancing financial inclusion for both individual and business users, oftentimes arising as the last resort to secure much-needed financing, according to a new report by the Cambridge Centre for
Read MoreCrypto
Prosecutors 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, following his guilty plea for violating anti-money laundering laws, according to Reuters. The recommendation, filed in a Seattle federal court,
Read MoreDigital Assets
Thailand Set to Block Access to Unauthorised Crypto Platforms
Thailand’s Securities and Exchange Commission (SEC), in conjunction with the Ministry of Digital Economy and Society and other relevant agencies, has initiated measures to block unauthorised access to digital asset service providers’ platforms. This move aims to enhance law enforcement
Read MoreDigital Banking
Revolut’s Youth-Focused Financial App Surpasses 2 Million Users Globally
Global neobank Revolut announced today that its youth-focused financial app designed for individuals aged 6-17, has surpassed two million users worldwide. The <18 app, part of a suite aimed at empowering the next generation with financial literacy, now counts more
Read MoreDigital Transformation
Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of
Read MoreE-commerce
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 e-commerce, including for consumers and merchants in Singapore. In a recent global study conducted by global payments and financial platform
Read Moree-Commerce Fraud Blog
Are You Protecting Your Digital Wallet Users From Fraud?
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
Read MoreE-wallets
Thai PM Launches Digital Wallet to Disburse US$14 Billion in Q4 Economic Stimulus
Prime Minister Srettha Thavisin has officially launched a new digital wallet scheme in Thailand aimed at benefiting approximately 50 million citizens to energise the country’s economy. Initial reports indicated that the launch would be in May. According to Thailand Business
Read MoreEconomy
4 Tips to Pay Off Your Debt Without Being Overwhelmed
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
Read MoreEvents
Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth
Money20/20 Asia, set for 23-25 April at the Queen Sirikit National Convention Center in Bangkok, will prominently feature regulators from Asia’s financial sector among its speakers. This addition of Bangkok marks it as the third city to host the event,
Read MoreFinancial Inclusion
Thai PM Launches Digital Wallet to Disburse US$14 Billion in Q4 Economic Stimulus
Prime Minister Srettha Thavisin has officially launched a new digital wallet scheme in Thailand aimed at benefiting approximately 50 million citizens to energise the country’s economy. Initial reports indicated that the launch would be in May. According to Thailand Business
Read MoreFintech IPO
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 (IPO) as early as 2024. Rapid digitalisation, a young internet-savvy population, and underserved markets make the region ripe for fintech
Read MoreFintech Opinion Leader
Banking Consumers Want Financial Empowerment, Not Just Apps
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
Read MoreFintech Security Leader
Bad Bots Keep Their Eyes on the Money
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
Read MoreFintech Startup of the Week
CardUp Allows You to Pay Your Rent, Tax, Insurance and More With Your Credit Card – and Earn Additional Rewards
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
Read MoreFunding
Fintech Sees Growth Amidst Declining Declining Private Equity Activities in APAC
The Asia-Pacific (APAC) private equity (PE) market faced significant challenges in 2023 due to concerns about slowing economic growth, rising interest rates and ongoing geopolitical tensions, Bain & Company’s latest report, the Asia-Pacific Private Equity Report 2024, says. The report,
Read MoreGreen Fintech
Singapore Pledges S$35 Million in Sustainable Finance Skills Development
The Monetary Authority of Singapore (MAS), in collaboration with the Institute of Banking and Finance (IBF) and Workforce Singapore (WSG), has launched the Sustainable Finance Jobs Transformation Map (JTM). This initiative outlines the necessary skills updates for the local financial
Read MoreHealthtech
Doctor Anywhere Secures USD38.8 Million Funding and Announces Acquisition
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
Read MoreHong Kong
HashKey OTC Gets In-Principle Nod for DPT Services in Singapore
HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide
Read MoreIndia
Revolut India Secures In-Principle Approval for Prepaid Cards and Wallets
Global neobank Revolut announced that its Indian entity has secured in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI), such as prepaid cards and wallets. This new approval complements their existing authorisation to operate
Read MoreIndonesia
No 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 its Alipay+ service in Indonesia, according to Filianingsih Hendarta, Deputy Governor of Bank Indonesia. According to Reuters, Hendarta clarified the
Read MoreInfographic
Fintech Infographic of the Week: Making Investing More Accessible with Decentralized Finance
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
Read MoreInnovation
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 strategic direction, fostering innovation and sustainability efforts. The new division, set to commence on 22 April 2024, will play a
Read MoreInsurTech
Igloo 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 broaden insurance access in Vietnam, particularly for underinsured communities. These collaborations aim to introduce tailored insurance products that cater to
Read MoreIOT
Navigating Technology’s Impact on Revolutionizing Storage Solutions
As we continue to create and acquire more items in our lives, the need for efficient and effective storage solutions becomes more critical. From simple shelving units to complex climate-controlled storage facilities, there’s an extensive array of options available to
Read MoreJobs
Fintech Layoffs Rock Asia in 2023: Who’s Next?
The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and the need for cost-cutting measures. From Singapore to Hong Kong, prominent fintech players have been forced
Read MoreKazakhstan
Is Kazakhstan The Next Hot Spot for Fintech?
Over the past years, venture capital (VC) funding in Caucasus and Central Asia (CCA) has increased substantially, growing by more than fivefold between 2018 and 2023, a new report produced by RISE Research in cooperation with EA Group and BGlobal
Read MoreKorea
KakaoBank to Snap Up 10% Stake in Indonesia’s Superbank
KakaoBank, a South Korean digital-only bank, is set to acquire a 10% stake in Superbank, a new digital-focused bank in Indonesia formerly known as Bank Fama. Superbank is backed by a consortium comprising Grab, Singtel, and Emtek Group. It is
Read MoreLaos
Laotian Super-App Gears up for Cambodia Expansion
Laos’ biggest ride-hailing platform and super-app Loca has teamed up with Confluences, a Phnom Penh-based enterprise which specializes in assisting foreign businesses enter the local market, to expand into Cambodia. The move comes just a few months after the company
Read MoreLending
SGeBIZ 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 solutions, to introduce embedded finance solutions for SMEs in Singapore. This collaboration aims to integrate Funding Societies’ financing capabilities into
Read MoreMalaysia
Four Southeast Asian Stock Exchanges Agree to Build Joint ESG Ecosystem
Four major Southeast Asian stock exchanges – Bursa Malaysia, Indonesia Stock Exchange (IDX), the Stock Exchange of Thailand (SET), and Singapore Exchange (SGX Group) – have united to form the ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE). This initiative aims to promote
Read MoreMobile Payment
Singtel to Offer Zip’s BNPL Service Through Its Dash App
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
Read MoreMobile Payments
5 Key Drivers Behind Thailand’s Fintech Growth
Fintech Thailand is poised for significant growth and development in areas including digital banking, open finance, and startup support. Digital banking is on the horizon, with the first digital banking licenses slated to be issued by mid-2025 and expected to
Read MoreMoney 20/20 Asia 2024
KASIKORNBANK, 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 blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Morgan’s
Read MoreMyanmar
FinbotsAI Expands Footprint to Myanmar via KBZ Bank Partnership
FinbotsAI, a Singapore-based fintech company specialising in AI credit scoring, has partnered with KBZ Bank, one of Myanmar’s largest privately-owned bank. This marks KBZ Bank as its first client in the country. KBZ Bank operates over 500 branches and serves
Read MoreNew Zealand
Nium’s Global Expansion Continues with New Zealand Registration
Nium, a real-time cross-border payments platform, has officially become a registered Financial Services Provider in New Zealand. This marks Nium’s first formal entry into New Zealand’s financial market, enhancing its global footprint which now spans over 40 countries. The company’s
Read MoreNewsletter
Top Fintech Vietnam News from October 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,
Read MoreOnline Wealth Mgt
Robo Advisors in Singapore: Which One is Right For You?
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.
Read MoreOpen Banking
StanChart Debuts Open Banking Marketplace for Digital Transformations
Standard Chartered announced today the introduction of its Open Banking Marketplace, a comprehensive platform designed to facilitate easier access to application programming interfaces (APIs) for both new and existing clients. The platform, which debuted at Money20/20 Asia in Bangkok, aims
Read MorePakistan
JazzCash and Fatima Gobi Ventures Partner to Nurture Pakistani Startups
JazzCash, a Pakistani-based mobile wallet and branchless banking services provider, will be collaborating with Fatima Gobi Ventures (FGV) to nurture the growth of local startups. FGV leverages conglomerate Fatima Group’s local expertise in Pakistan and Gobi Partners‘ extensive experience in
Read MorePartner Content
7 Startups Graduate From F10 Singapore’s Second Acceleration Batch
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
Read MorePayments
Thailand’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 for banks and financial services. According to Wise, this alliance marks T2P as the first fintech in Thailand to offer
Read MorePersonal Finance Mgt (PFM)
Long Bridge Securities Singapore Introduces Lifetime Commission-Free Trading for US and HK Markets
Long Bridge Securities Singapore, a new-generation socially-driven online brokerage, is pleased to announce its latest campaign offering lifetime commission-free trading and free real-time market data. This makes Long Bridge Securities the first online brokerage in Singapore to offer lifetime commission-free
Read MorePhilippines
Alchemy Pay Now Supports AlipayHK, DANA, QRIS, and GCash for NFT Purchases
Alchemy Pay, a Singapore-based provider of fiat-crypto payment solutions, has expanded its services in Hong Kong and Southeast Asia through the integration of popular regional payment platforms into its NFT Checkout. This includes AlipayHK, Indonesian digital wallet DANA, Quick Response
Read MorePodcast
10 Fintech Podcasts to Listing to in 2022
Over the past decade, podcasts have evolved exponentially, attracting a growing population of professionals to explore new ideas, gain insights and learn directly from industry experts. In the fintech world, podcasts have exploded in number and it can sometimes be
Read MoreProject Management
Watch Out! These Are 5 Most Common Financial Mistakes Entrepreneurs Make
Many new entrepreneurs who are venturing into business for the first time, often make many mistakes along the way. One of which is related to the financial side of the business, which can be very dangerous if you’re not being
Read MoreProptech
Rently Debuts in Singapore, Offering Deposit-Free and SingPass-Verified Rentals
Rently, a proptech startup in its seed stage, announced that it has officially launched in Singapore. This launch precedes the company’s anticipated Series A fundraising set to occur in Q1 2024. The proptech’s deposit-free rental platform encompasses all aspects of
Read MoreRedefining Finance for Good
Redefining Finance for Good: Indonesia’s Largest Bank Reflects on the Future of Banking
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
Read MoreRegtech
Trulioo Reports 90% Business Verification Rate in APAC
Trulioo, an identity verification platform, announced that it has achieved a 90% business verification rate across the APAC region a year after it had set up its Singapore office. The firm shared that this success comes despite challenges such as
Read MoreRemittance
Singapore Continues Suspension to Safeguard Remittances to China
The Monetary Authority of Singapore (MAS) has announced an extension to the ongoing suspension affecting remittances to China. This suspension, now extended until 30 September 2024, pertains to the use of non-approved channels by remittance companies for transferring funds to
Read MoreSecurity
Securing Mobile Apps Against Malware and Phishing Attacks in Indonesia
Indonesia’s financial technology landscape is experiencing explosive growth, fueled by the rise of mobile payments and digital banking. While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose
Read MoreSingapore Fintech Festival 2020
All The Major Singapore Fintech Festival Announcements At a Glance
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
Read MoreSingapore Fintech Festival 2021
MAS, Singapore Fintech Association Announces the Winners of SFF Global Fintech Awards
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
Read MoreSingapore Fintech Festival 2022
Singapore Fintech Festival 2022 Saw Its Largest Turnout With Over 62,000 Participants
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
Read MoreSingapore Fintech Festival 2023
OTSO Fintech Makes a Strong Impact at Singapore Fintech Festival 2023
OTSO FinTech, a trailblazer in the finance technology sector, has proudly showcased its flagship product, SoFinX, at the esteemed Singapore FinTech Festival (SFF) 2023. The festival, a hotbed for innovation and collaboration, was held at the Singapore EXPO from November
Read MoreSponsored
Flexible by Design: What Differentiates a Successful Payment Software Platform
In the ever-evolving landscape of payments, it is crucial to choose a payment platform from a vendor that can anticipate and support future growth through innovative functionality. This choice is key for staying ahead of your competitors. To illustrate the
Read MoreSponsored Press Release
XVC Tech Announces Strategic Investment in Tradetogether to Enhance Web3 Wealth Management
XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance
Read MoreSri Lanka
Alipay+ Now Supports LankaPay for Cross-Border Digital Payments
Alipay+ and LankaPay have signed a Memorandum of Understanding (MoU) to enhance inbound and outbound travel experience through cross-border digital payments. The partnership will enable users of Alipay+ payment partners to make cashless payments at over 400,000 LankaQR merchants across
Read MoreStudies
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, technology enterprises constitute nearly a third of the 2024 roster, with 8% of the APAC’s fastest-growing entities being fintech companies.
Read MoreThailand
Thailand’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 for banks and financial services. According to Wise, this alliance marks T2P as the first fintech in Thailand to offer
Read MoreTop Picks
BIS: Stablecoins Offer Promise, but Need Consistent Regulation
The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions. Authored by Juan Carlos Crisanto, Johannes Ehrentraud, and Denise Garcia Ocampo, this
Read MoreTrade Finance
IFC, DBS Address Trade Finance Gap with US$500 Million Programme
The International Finance Corporation (IFC) and DBS Bank have unveiled a US$500 million financial initiative aimed at enhancing trade in emerging markets. This collaborative effort is part of IFC’s Global Trade Liquidity Programme (GTLP) and seeks to increase capital and
Read MoreTrading
XVC Tech Announces Strategic Investment in Tradetogether to Enhance Web3 Wealth Management
XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance
Read MoreTravel
Dayuse: Redefining Luxury Hospitality for the Budget-Conscious Traveler
In today’s fast-paced world, where time is a precious commodity, the concept of day stays in hotels has gained significant popularity. Dayuse, a pioneering platform in the hospitality industry, has capitalized on this trend by offering individuals the opportunity to
Read MoreVarious
Former Mambu Exec Will Dale to Lead 10x Banking’s APAC Operations
Cloud-native core banking platform 10x Banking has announced the appointment of Will Dale as Regional Vice President for the APAC region. Dale, previously a Regional VP at Mambu, brings over 17 years of experience in the banking technology sector to
Read MoreVietnam
Igloo 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 broaden insurance access in Vietnam, particularly for underinsured communities. These collaborations aim to introduce tailored insurance products that cater to
Read MoreWealthtech
Bambu Shuttered Operations in Dec 2023 After Failing to Achieve Profitability
Singapore-based fintech startup Bambu had shuttered its operations as of 31 December last year, following the decision made jointly by its management and investors, according to Tech in Asia. The B2B firm, which specialised in providing robo-advisory products to financial
Read MoreWorld news
The Silicon Valley Bank Collapse, Contagion, and Containment
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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