Posts From Fintechnews Singapore

MAS Commits S$250 Million to Drive Innovation and Build Fintech Talent Pipeline

The Monetary Authority of Singapore (MAS) announced that it will commit S$250 million over the next three years under the enhanced Financial Sector Technology and Innovation Scheme (FSTI 2.0) to accelerate technology and innovation-driven growth in the financial sector. Funded

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DBS Vickers Powers Ahead With Digitalisation Plans To Double Regional Trading Volume

DBS Vickers (DBSV), the brokerage arm of DBS Bank, continues with digitalisation plans which they said will enable it to double its regional trading volume across its retail and institutional segments by 2025. The brokerage’s shift to digital has been

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Asia is Emerging as a Paytech Powerhouse

Fueled by surging mobile and Internet penetration rates, rising fintech adoption and the huge amounts of funding being injected into the sector, Asia is rapidly emerging as a paytech powerhouse. What is paytech Like other financial verticals, the payment industry

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Standard Chartered Partners With Microsoft to Become a “Cloud-First Bank”

Standard Chartered Bank and Microsoft announced a three-year strategic partnership to accelerate the bank’s digital transformation through a cloud-first strategy. They said this partnership marks a significant milestone for Standard Chartered in making its vision for virtual banking, next-generation payments,

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Google Cloud Partners French Telco Orange For Data, AI and Edge Computing

Orange, a telecommunications operator, and Google Cloud has partnered to build the former’s IT infrastructure and the development of future cloud services, in particular edge computing. The agreement is part of Orange’s Engage 2025 plan, to drive its internal transformation

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20/20 Hindsight Will Help Financial Institutions Around the World Fast-Track Digital Success

Just like in almost every other industry, financial institutions have been planning and implementing increased digitalisation for some years. However, the coronavirus crisis and resulting nationwide restrictions have undoubtedly accelerated the rate at which new tech and processes have been

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MatchMove Introduces Cross-Border Remittance Platform for Businesses

MatchMove, a Singapore-based ‘Banking-as-a-Service’ platform, announced the launch of its new remittance platform called RemitSend to enable cost-efficient, cross-border Business to Business (B2B) remittances. By offering a Software-as-a-Service (SaaS) based subscription pricing model, MatchMove said it is able to help

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Aspire and Osome Partners For Same-Day Incorporation and Account Opening Services

Osome announced a partnership with fintech startup Aspire to enable a same-day service of incorporating a company and opening a business account in Singapore fully online from anywhere in the world. Singapore-based Osome uses artificial intelligence to take care of

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Cambodian Fintech Startup Clik Raises US$3.7 Million In Seed Funding

Clik, a Cambodian fintech startup, has completed the final close of its US$3.7 million seed round led by Openway and Poems Pte Ltd along with several global angel investors, a third of which are Cambodia-based. This round of financing, which

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Huawei Aims to Help Banks Unlock Data-Driven Intelligent Finance at Its Virtual Summit

Huawei announced that it will be hosting its APAC Financial Industry Storage Summit 2020 on the 13th August 2020. The high-level summit is targeted at keeping the C-level from banks informed on the latest trends, developments and challenges in data

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