Posts From Fintech News Singapore
Binance to Share Expertise on Digital Assets With Cambodian Regulator
Global cryptocurrency exchange Binance announced the signing of a Memorandum of Understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC). Binance and SERC will collaborate to develop the securities sector in Cambodia where the former will share its technical
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Three Arrows Capital Rebuked for Misleading MAS and Exceeding Its AUM Threshold
The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (TAC) for providing false information to the regulator and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC). In August
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World’s Most-Followed Tiktoker Khaby Lame Joins Binance as Brand Ambassador
Global cryptocurrency exchange Binance has partnered with Khaby Lame, the Italian Senegalese creator who grew to fame through his viral TikTok videos, to join as a global brand ambassador. Binance will partner with Khaby on exclusive NFT collections as well
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Global Processing Services Appoints Fiserv’s Kevin Schultz as CEO
Payment technology platform Global Processing Services (GPS) announced that it will be promoting its current CEO, Joanne Dewar, to Vice Chair while Kevin Schultz takes her place effective immediately. Joanne will maintain her position on the GPS board, where she
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Climate Impact X Leverages Nasdaq’s Tech to Power Its New Spot Trading Platform
Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, has selected Nasdaq to power its new global carbon exchange to help unlock price transparency and liquidity in the voluntary carbon market. The agreement will see CIX
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Huobi Global to Slash Workforce by 30% Following String of Failed Expansions
Cryptocurrency exchange Huobi Global might lay off more than 30% of its workforce due to a sharp drop in revenue, according to crypto reporter Colin Wu. This was due to Beijing’s crypto ban which forced Huobi to drop its Chinese
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Volt Becomes Second Australian Neobank to Shutdown as Funding Dries Up
Australian neobank Volt announced that it will be shutting down its deposit-taking business, return all deposits to its customers and turn in its banking license. The neobank has advised its account holders to transfer any balances in their Volt accounts
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Funding Societies Inks Deal to Acquire CardUp
Funding Societies, a Southeast Asian digital financing platform for small and medium enterprises (SMEs), today announced that it is acquiring regional payments solution, CardUp, for an undisclosed sum. The acquisition is subject to regulatory approvals. Through the move, Funding Societies
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APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner
Despite realizing the opportunities brought about data and analytics, banks and financial institutions in Asia-Pacific (APAC) are still struggling to draw critical insights from their data in an effective and timely manner. This is one of the findings drawn from
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Less Than 5% of the World’s 400 Neobanks are Profitable
Neobanking has been one of the most talked-about fintech segments of the past decade, a buzzing industry that’s seen an average of 68 new ventures being launched each year since 2017, data from consulting firm Simon-Kucher show. But despite the
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