Posts From Fintech News Singapore
Endowus Appoints Hugh Chung as New Chief Investment Advisory Officer
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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Grab’s CFO Peter Oey Sells Stake Worth US$1.1 Million
Grab’s Chief Financial Officer Peter Oey has sold his stake in the Southeast Asian superapp worth US$1.1 million according to a report by Bloomberg. Oey and, one affiliated person Eve Oey, sold 341,202 shares at an average price of US$3.17
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Swift Completes Sandbox Testing of API-Based CBDC Project
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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Finastra Launches ESG Service for Lending
Financial services software and cloud solutions provider Finastra has launched its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. As a cloud-native SaaS solution that uses open APIs, it provides a high degree of flexibility to support varied
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Webinar: Developing a Strong Digital Fraud Detection Strategy in 2023
With over 41% of the top 100 global fintech innovators originating with the region, it comes as no surprise that APAC is home to the highest growing fintech industry in the world. Unfortunately, with this proliferation and growth comes a
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Okta Appoints Clarence Cheah to Lead APAC, Japan Growth
Okta, a publicly traded identity and access management firm, has appointed IT and security industry veteran Clarence Cheah as Head of Growth Strategies for Asia Pacific and Japan (APJ). In his new role, Cheah will oversee Okta‘s strategic growth initiatives and
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Singlife Taps Citi and Blackrock to Revamp Its Investment Capabilities
Financial services company Singlife has appointed Citi and investment company BlackRock for a technology platform to transform its asset management capabilities from end-to-end. Singlife’s integration with Citi and BlackRock’s Aladdin platform will provide clients with complete portfolio management capabilities that
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Cash Is No Longer King in Singapore, Visa Study Says
More than 9 out of 10 Singaporeans prefer card payments over cash, according to the latest Consumer Payment Attitudes Study by Visa in 2022. The study, conducted with 1,000 Singaporeans, found that 97% of Singaporeans use credit or debit cards
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Grab Prepays US$600 Million in Debt Ahead of 2026 Maturity
Southeast Asian superapp Grab has prepaid US$600 million (S$806.82 million) in debt ahead of a 2026 maturity as it had excess cash on its balance sheet, according to a report by Bloomberg. This move brought down its debt under an outstanding
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Babel Finance Files for Moratorium, Works on New Stablecoin to Repay US$766M Loss
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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