Posts From Fintech News Singapore
OCBC Launches Its Inaugural Sustainability Innovation Challenge With SATS
OCBC Bank has partnered its corporate customer SATS, a food solutions provider, to launch the inaugural OCBC Sustainability Innovation Challenge. Companies worldwide will pitch solutions to address three waste management and reduction challenges identified by SATS relating to the segregation
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Digital Technology Investment Bears Fruit for Singaporean Retailers
During COVID-19, Singaporean retailers adapted well to the constraints imposed by the pandemic, ramping up investment to improve their operations and integrate digital technologies. These investments bore fruit, with 68% of 500+ Singaporean businesses surveyed by Adyen and KPMG indicating
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Binance Pay Picks TripleA as Its Global Cryptocurrency Payment Gateway
TripleA, a digital payment token licensee, has been selected as the global cryptocurrency payment gateway for Binance Pay. Binance Pay is the bridge between Binance, a cryptocurrency infrastructure provider, and the retail world. This partnership with TripleA gives merchants access
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Ant Group Soft Launches Its SME-Focused Digital Wholesale Bank ANEXT
ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, announced its soft launch today. The bank said in a statement that the soft launch follows its receipt of MAS’ approval to commence business
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Singapore’s First Wholesale Digital Bank GLDB Goes Live
The Green Link Digital Bank (GLDB), one of the winners of Singapore’s digital banking licenses, has officially commenced its operations. The consortium behind GLDB comprising Greenland Financial Holdings and Linklogis Hong Kong was awarded one of the two digital wholesale
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Emergency “Kill Switch” Among Security Measures Pushed by MAS to Combat Fraud
An emergency self-service “kill switch” to suspend their bank accounts quickly if it has been compromised are among the additional measures that are being pushed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).
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Chubb and JA Assure Launch Cyber Insurance Portal for SMEs in Asia
Chubb and insurtech firm JA Assure announced the launch of HaxsafeTM, a cyber insurance portal targeting SMEs looking for accessible insurance solution. Underwritten by Chubb, the cyber insurance product offered on the platform is a comprehensive risk management solution providing
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8 Financial Processes Poised for Digital Transformation
COVID-19 accelerated trends toward remote banking and digitalisation, forcing financial institutions to embrace new technologies and processes to keep their businesses functional despite social distancing restrictions. Now, with more and more people relying on digital solutions for interactions and transactions,
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Binance Labs Closes US$500 Million Fund to Drive Adoption of Web3, Blockchain
Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, announced the closing of a new US$500 million investment fund. The fund is supported by global institutional investors such as DST Global Partners, and Breyer Capital. Other major
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HitPay Raises US$15.75 Million in Series A Fundraise Led by Tiger Global
HitPay, a one-stop payments platform for small and medium-sized enterprises (SMEs), announced that it has secured a US$15.75 million Series A funding round. The fundraise was led by Tiger Global and joined by returning investors Global Founders Capital and HOF
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