Posts From Fintech News Singapore
Samsung Wallet Begins Roll Out in Singapore and 7 Other Markets
Samsung Wallet will be rolled out in eight new markets, including Singapore, Malaysia, India, Hong Kong, Taiwan, Australia, Brazil, and Canada starting at the end of January. The wallet is a platform that enables Galaxy users to organise digital keys,
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Grab Promotes Philipp Kandal to Chief Product Officer
Southeast Asian superapp Grab announced that it has promoted Philipp Kandal to Chief Product Officer, effective 1 February 2023. As Chief Product Officer, Philipp will oversee the product, design and analytics teams as well as lead the product vision and
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The FSI Sector Increased Their Spend on Digital Transformation in 2022
A majority of financial services firms now view digital transformation as essential to their business and are already looking to the next wave of technology to help get ahead, according to a new report by Broadridge. In the 2023 Digital
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DeFi Industry Shows Resilience In Spite of Crypto Market Slump
Despite an ongoing crypto winter, the global decentralized finance (DeFi) market has remained strong and resilient, maintaining its dynamism with sustained venture capital (VC) funding activity, increased user adoption, and encouraging signs of institutional interest, a new report by HashKey
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Fintech Consolidation Set to Intensify This Year
2022 saw the start of a significant consolidation phase for the fintech sector, a trend which is set to accelerate this year as the economic climate continues to deteriorate in the face of elevated inflation, higher interest rates and reduced
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MAS Grants In-Principle Approval to Payments Firm Flywire
Payments firm Flywire announced that it has secured in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS). With the in-principle approval, Flywire will be able to provide domestic money transfer services, cross-border money transfer
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Singapore Fintech Pilon Raises US$5.2 Million Seed Funding
Pilon, a Singaporean fintech providing cloud-based supply chain financing system, has secured US$5.2 million in both debt and equity during a seed funding round. The round was led by Wavemaker Partners with participation from Octava and Polaris Kin. Pilon said
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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
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ConsenSys to Downsize Workforce by 11%
Blockchain software firm ConsenSys announced that it will layoff 11% of its workforce to adjust to challenging and uncertain market conditions in a blog post. ConsenSys’ CEO Joseph Lubin said that the 96 employees being laid off will receive “extensive support
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Payments Firm HPS Sets up New Singapore Office to Support Asia Growth
HPS, a global provider of payment solutions and services, announced the opening of a new office in Singapore to support its continued growth in Asia. The company first established a presence in Singapore in 2017 to take advantage of Asia’s
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