Posts From Fintech News Singapore
Insurtech Unicorn bolttech Invests in Digital Insurance Advisory Sherpa
Digital insurance advisory Sherpa announced it has received a strategic investment from bolttech, an international insurtech unicorn. The sum was not disclosed. This is part of a collaboration to expand the international presence of its digital insurance and protection advisory
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Mastercard Invests in Global Processing Services, Expands Their Partnership
Payment technology platform Global Processing Services (GPS) has announced a new partnership with Mastercard, who has also made a strategic investment into the company for an undisclosed sum. The funding was due to GPS’ strong investment in international expansion and
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Potential Risks of CFD Trading
Contract for difference (CFD) is an over the counter (OTC) derivative product that works with leverage. A lot of retail traders are drawn to the idea of betting on price fluctuations and making money if they are right. They are
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FOMO Pay Partners With Circle to Integrate USD Coin Into Its Services
Singapore-based major payment institution FOMO Pay has entered into a strategic agreement to collaborate with Circle Internet Financial, a global financial technology firm and sole issuer of USD Coin (USDC). FOMO Pay will integrate USDC into its services, allowing its
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Enterprise IT Teams Are Increasingly Shifting to Open Source Solutions
Businesses are increasingly shifting to open source software solutions to address COVID-19-related challenges and tackle new market demands for quality, speed and as well as an evolving cybersecurity landscape. This is the finding drawn from a survey of nearly 1,300
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BIS Develops Multi-CBDC Platform for International Settlements With Central Banks
The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank has developed two prototypes for a shared platform that could enable international settlements
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Validus Inks Deal to Acquire CitiBusiness’ Loan Portfolio in Singapore
Southeast Asian SME growth financing platform Validus announced that it has entered into an agreement to acquire CitiBusiness’ loan portfolio in Singapore. The move is set to bolster Validus’ revenue, customer base, and expand its growing loan book. Validus’ acquisition
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Artificial Intelligence as a Catalyst to Accelerate Financial Inclusion
The use of Artificial Intelligence (AI) in financial services is all over the news, with some reports estimating it to be a US$450 billion opportunity. But what’s the real story around what AI can do? Beyond just automating certain processes,
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Over a Quarter of Banks Report Improved Revenue After Implementing AI
Adoption of artificial intelligence (AI) is growing rapidly in the financial services sector, as organizations all seek to benefit from the advantages brought about by the technology, including streamlined processes, task automation and improved customer experience. A new survey conducted
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Payment Giant Stripe Rolls Out Automated Tax Solution in Singapore
Stripe, a global payments firm, has announced the launch of Stripe Tax in Singapore. This helps domestic businesses automatically calculate and collect consumption tax, better known as goods and services tax (GST), in Singapore, as well as sales tax, value-added
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