Posts From Fintech News Singapore
bolttech Extends Series B with US$50M from LeapFrog Investments
Insurtech company bolttech announced that it has raised US$50 million from LeapFrog Investments, an impact investment firm. This investment is an extension of bolttech’s Series B funding round, which now totals US$246 million. bolttech said that it will use the
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HSBC Bets on Climate Tech with US$1 Billion Investment
HSBC has pledged to invest US$1 billion in high-potential early-stage climate tech companies around the world. The funding will support startups working on a range of new solutions, including EV charging, battery storage, sustainable food and agriculture, and carbon removal
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Fintech Regulations: New Solutions in a Complex Landscape
If one looks inside the fintech regulatory landscape, they will see a complex web of shifting laws, regulations, and frameworks. However, many jurisdictions have an insular approach, and companies are slow to collaborate on fraud prevention. This is why the
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Banks Should Not Be Expected to Bear Full Burden of Scam Losses, Says Alvin Tan
Alvin Tan, Minister of State at the Ministry of Trade and Industry, shot down the proposal for banks to bear full responsibility for scam losses in his response to the Motion on “Losses from Scams and Malware Fraud: Doing Right
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dtcpay Taps Sumsub’s e-KYC Solution for Secure Digital Currency Transactions
Singapore-based digital payments platform dtcpay has tied up with global full-cycle verification platform Sumsub to enhance the security and reliability of digital currency transactions in target markets, including Singapore, Hong Kong, Dubai, the UK, and Europe. Sumsub’s e-Know Your Customer
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10 Asian E-Wallets Now Accepted in China Through Alipay+
Ant Group has officially welcomed seven new e-wallets and payment apps from Asia to its “Alipay+-in-China” Program (A+China Program). This includes mPay (Macao SAR, China), Hipay (Mongolia), Changi Pay (Singapore), OCBC (Singapore), Naver Pay (South Korea), Toss Pay (South Korea)
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Australia’s Judo Bank Has Gone Live With Backbase
Australian neobank Judo Bank has partnered with digital banking software provider Backbase to create new digital experiences for its small and medium (SME) business banking and term deposit customers. Backbase’s Engagement Banking Platform (EBP) will enable Judo to release additional
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Wise Lands Swift Partnership to Expand FIs’ Cross-Border Payment Options
Swift and online money transfer service Wise have announced a new collaboration to offer financial institutions and their customers more options for cross-border payments. Under the agreement, financial institutions will be able to route Swift payment messages directly to Wise’s
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S’pore Banks Stepped up Security Measures to Combat Malware Scams, Says ABS
Major retail banks in Singapore have stepped up their security measures to protect customers from malware scams, the Association of Banks in Singapore (ABS) announced on Monday. The banks have designed and implemented the anti-malware security measures suited for their
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MAS Slaps 9 Year Ban on Three Arrows’ Founders for “Flagrant Disregard” of Rules
The Monetary Authority of Singapore (MAS) has banned Su Zhu and Kyle Davies, the founders of Three Arrows Capital, from managing or becoming a substantial shareholder of any capital market services firm. Three Arrows Capital was a cryptocurrency hedge fund
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