Author: Company Announcement

Through its new licence, the market leading liquidity provider will offer regulated multi-asset liquidity services, including stocks and ETFs, to Indonesian investors. X Open Hub, a leading provider of multi-asset liquidity and technology solutions, is expanding its global reach after securing an official PALN licence to operate in the Indonesian market, marking an exciting new chapter for the company. In another exciting development, the firm, which is the institutional arm of global fintech company XTB, has also secured accreditation from the UAE Securities and Commodities Authority (SCA), allowing it to break new ground and enhance its service offerings in the…

TradeTogether, a company specialising in digital asset management, has been granted in-principle approval for a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The approval allows the firm to move forward in meeting regulatory conditions required for full licensing. TradeTogether plans to expand its fund management activities once it secures the full license, including discretionary mandates for tokenised capital market products under Singapore’s regulatory framework. Originally starting as a robo-advisor for cryptocurrency asset management, TradeTogether has been involved in MAS’ Project Guardian, focusing on regulated tokenisation. The company has secured institutional mandates and aims to surpass…

CapBay Thailand, a supply chain finance and P2P financing platform, and the Office of Small and Medium Enterprises Promotion (OSMEP) have signed a MoU to increase access to alternative financing for SMEs in the country. The agreement, signed at OSMEP’s headquarters, is part of the SME Privilege programme, which has provided financial and business development support since its launch in 2019. Ang Xing Xian, Co-founder and Group CEO of CapBay, and Panita Shinawatra, Ph.D., Deputy Director and Acting Director of OSMEP, formalised the partnership. Dato’ Sri Mohd Mokhtar Mohd Shariff, Chairman of CapBay, stated, “CapBay has facilitated over US$ 900…

Supported by the Luxembourg Government, The Luxembourg House of Financial Technology (LHoFT), and the Asian Development Bank (ADB) Announce the 2nd Edition of Catapult | SE Asia 2025. The LHoFT and the ADB invite fintech startups active in sectors such as AgriTech, InsurTech, Digital Payments, Lending, Remittance, Blockchain, Microfinance, Green Finance, RegTech, and more to apply for Catapult: Inclusion SE Asia – a unique acceleration bootcamp designed to amplify fintech impact across the ASEAN region. Why is the program free to access? This program is part of Luxembourg’s strong commitment to international cooperation. Since 2009, the country has allocated 1%…

Finex started a month-long promotion, offering an engaging trading experience with gifts and a generous 100% rebate. Titled “Get X2”, the promo allows participants to exchange traded lots for valuable gifts and raffle tickets, receiving weekly rebates for every traded lot. Collected tickets will enable participants to join the live draw and compete for the grand prize. The promotion is only available exclusively to verified Finex traders with the Finex Trading application and MetaTrader 5 trading platform. Any existing or new trader automatically becomes a participant. To enjoy the full Get X2 experience, traders must activate rebates. Agung Wisnuaji, CEO…

Squirro, a Switzerland based global leader in AI-driven insights and analytics, announced that its CEO Dorian Selz has been awarded the prestigious Fintech Mentor Award at this year’s Singapore FinTech Festival (SFF). Organized by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA), the award highlights outstanding contributions to the financial technology industry. Recognized as one of the world’s leading FinTech events, this year’s festival brought together over 900 speakers and tens of thousands of participants from around the world to focus on topics including opportunities and risks of AI in finance, next-gen cross-border transactions, and developing…

Libertex, a multi-award-winning online CFD broker, is set to take a leading role at one of the most anticipated B2B events of the year in Southeast Asia. A trusted leader in the trading industry with over 25 years of experience, the company has been confirmed as a Gold Sponsor at iFX EXPO Asia 2024. The exhibition, being held at Centara Grand & Bangkok Convention Centre at CentralWorld in Bangkok, Thailand, from 16-18 September 2024, brings together thousands of C-level executives, fintech innovators, Introducing Brokers (IBs), and some of the largest brands in the world of online trading. As a prominent…

Leading provider of advanced trading technology and liquidity solutions X Open Hub sets new standards in the financial industry, with its all-inclusive liquidity solution. Prioritising execution speed, trade efficiency, and compliance, X Open Hub’s all-encompassing liquidity solution changes the game for brokers and traders alike. At a time when financial industry players face countless challenges, access to deep liquidity pools is essential for offering competitive services and managing risk effectively. X Open Hub’s liquidity solution addresses these needs. By speeding up order execution and offering multiple integration options, superior pricing, transparency and compliance with regulations, the liquidity provider empowers financial…

As of January 1, 2024, Switzerland Global Enterprise (S-GE) has integrated its Singapore and Jakarta locations into the new Swiss Business Hub Southeast Asia + Pacific. This sees S-GE strengthen its regional presence and consulting expertise in the Southeast Asia & Pacific region. S-GE relies on a global consulting approach in both export and investment promotion and has teams located in the markets relevant to its customers. Against this backdrop, S-GE is strengthening its regional presence in Southeast Asia and the Pacific region: in agreement with SECO and the FDFA, S-GE has integrated its two pre-existing ASEAN and Indonesia Swiss Business…

Singapore Japan Mobile Labs (SJ Mobile Labs Pte Ltd.) was launched in late 2021 to tackle the massive social problem of helping Japanese savers to put their financial assets to work. The team led by co-founders Samantha Ghiotti and Liam McCance both previously at Singlife are combining global fintech talent and local financial services expertise to build a unique proposition. SJML Japan K.K. (a subsidiary of SJ Mobile Labs Singapore) has completed its registration as a financial services intermediary (securities intermediary business), and plans to start offering selected mutual funds to help millennials build long-term assets in late 2022. CEO…

Arf, the first compliant cross-border payment network running on stablecoins, announced the upcoming launch of its innovative product, Arf Credit. Arf Credit will provide an instant working capital credit line for MSBs worldwide. Traditionally, when a money service business (MSB) wants to send money from one country to another, it has to prefund the same amount in the receiving country, bringing about tied capital, high opportunity cost, and operational inefficiencies. What’s more, since cross-border transactions are often considered risky, access to credit has always been a major problem for MSBs. Designed to empower licensed MSBs all over the world, the…

FinLync, a privately held, global fintech company transforming corporate finance and treasury offices through its world-class products, announced that it has closed a US$16 million equity funding round. Point72 Ventures led the financing which included investments from Nyca Partners, former CFO of Palantir and Founding Partner of Friends & Family Capital Colin Anderson, and Plaid Founder William Hockey. FinLync, founded and headquartered in Singapore, brings speed, simplicity and greater transparency as well as control to finance and treasury professionals globally. Through its world-class products, they provide them the infrastructure to unlock more value from their day-to-day operations. This latest funding…

Atlantis, a Singapore-based fintech company has announced the launch of its digital platform for Small and Medium Businesses (SMBs) – BizBank. BizBank’s mission is to empower SMBs by providing them with a comprehensive, technology-based financial and business platform to accelerate their growth in the digital era. In Southeast Asia, SMBs form the backbone of the economy, and account for 70% of GDP and between 52% and 97% of total employment in the region. According to research by Google and Facebook, there are c. 310 million digital consumers in the region, who are fuelling a tremendous growth in online spending. Yet,…

Fast-growing fintech company Aleta Planet, a partner of UnionPay International (UPI), announced the appointment of Stephen Richards Evans as its Regional CEO for Europe, Middle East and Africa (EMEA) effective from 10 November 2020 onwards. The banking veteran joins the homegrown start-up at a time when the company is looking to push the frontiers on digital payments and has bold plans for expansion in the coming years. In his new role, Mr Richards Evans will help drive product growth for Aleta Planet in EMEA and spearhead new markets in the West. Prior to joining Aleta Planet, Mr Richards Evans was…

Skyhook Capital Pte Ltd (Skyhook), the Singapore headquartered fintech company focusing on the distribution of investment-grade digital assets to institutional and retail investors, has entered into a strategic partnership with Digital Asset Shared Ledger (DASL), the leading global digital asset liquidity network for financial institutions built on Corda. Skyhook’s “Digital Assets Wealth Network” or Skyhook DAWN™, is an industry-standard white-labelled SaaS platform enabling the issuance, distribution and custody of digital securities with direct integration to the e-wealth systems used by financial institutions. In doing so, Skyhook DAWN™ acts as a linchpin allowing financial institutions to manage wealth portfolios that incorporate…

Singapore fintech BondEvalue has launched the BondbloX Bond Exchange (BBX), a blockchain-based exchange that makes possible fractional ownership of bonds by allowing them to be traded in smaller denominations of US$1,000. The company said that this paves the way for many more investors to buy and sell bonds, making bond trading much faster, highly transparent and at lower cost. In Asia and Europe, bond trading is traditionally the preserve of affluent individuals, institutions and corporations as they are typically traded in unit size US$200,000 in the secondary market. Trading is also carried out over the counter (by phone) making for…

Singapore-based Thunes, a cross-border payment provider, has partnered with Lion International Bank (LIB) to launch a cash pickup service in Ethiopia. Presently, Thunes facilitates the transfer of remittances to Ethiopia via Hello Cash wallets and bank accounts. Through the partnership, funds recipients can now collect cash from over 260 LIB branches across the country. Peter De Caluwe, CEO of Thunes commented, “The partnership will enable Thunes to increase remittance options available to Ethiopians, and extend our reach in the country. This is a significant step towards improving financial access for underserved segments of the population, such as the unbanked and…

Onde, a tech company powering over 200 ride-hailing companies in 70 countries, announces an online edition of Ride.Right.Now – a conference for ride-hailing entrepreneurs. This year’s topic is Hack the Crisis: Business Tips for Post-covid Era. The online event is to happen on July 23, 2020. The event will gather ride-hailing entrepreneurs, stakeholders, and experts from around the globe. Speakers will share insights and best cases on how to survive the crisis that has hit the mobility industry. $Registration is free of charge. Ride.Right.Now will feature talks with mobility and innovation trend-watchers, discussions of the opportunities emerging as the world…

In a statement issued by the Association of Banks Singapore, the association reiterated that banks in Singapore are ready to support landlords who are facing income constrains and cashflow issues from the rental relief measures under the proposed COVID-19 (Temporary Measures) (Amendment) Bill. The association said that landlords facing cash flow difficulties can already apply to banks to defer principal payments on their mortgages up to 31 December 2020 and to extend the loan tenure by up to the corresponding deferment period if they wish. In addition, individual landlords who are required to provide relief to their tenants under the…

F10 FinTech Incubator & Accelerator expanded to Singapore this year to support pre-seed and seed-stage FinTech, RegTech as well as InsurTech Startups while stimulating worldwide collaboration. The first batch of the P2 «Prototype to Product» program in Singapore will start in May 2020 and we have now selected the Top 10 Startups for this Incubation Program. Earlier this year, F10 – THE HOME OF FINTECH opened an office in Singapore and brought the Swiss expertise with a local team to the Asian FinTech hub to run the renowned P2 «Prototype to Product» Startup program. Over 200 FinTech, RegTech and InsurTech…