Posts From Fintech News Singapore
Aleta Planet Partners Tencent to Offer Remittance From Singapore to China
Singaporean payments service provider Aleta Planet has partnered with Tencent Financial Technology to enable local residents to remit money to Weixin users in China. Aleta Planet said that this is the first time Tencent Financial Technology has partnered with a
Read MoreSBI-Sygnum-Azimut Digital Asset Fund Makes its First Investment Into Coinhako
The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced that it has made its first investment into Singaporean cryptocurrency platform Coinhako. Japanese financial group SBI Holdings, Swiss-based digital asset bank Sygnum, and European asset manager Azimut Group had jointly launched the
Read MoreBinance Asia Services Snaps up 18% Stake in Hg Exchange
Binance Asia Services, the blockchain ecosystem and cryptocurrency provider behind Binance.sg, announced that it has snapped up an 18% stake in Hg Exchange (HGX). HGX is a member-driven private securities exchange, founded by financial institutions such as PhillipCapital, PrimePartners, and
Read MoreNium Recognises Its COO Pratik Gandhi as a Co-Founder
Singapore’s payment unicorn Nium announced that it has elevated its Chief Operating Officer, Pratik Gandhi to Co-Founder. Pratik joined Nium as Chief Business Officer in May 2016 as the company began building its global business operations. In his role as
Read MoreTyme Closes Series B With Additional US$70 Million From Tencent and CDC Group
Tyme, a multi-country digital banking group headquartered in Singapore, has secured investments from Tencent and CDC to complete its US$180 million Series B capital raise. The first part of Tyme’s Series B raise concluded earlier this year when it secured
Read MoreWhat is Behind the Metaverse Boom?
The metaverse, a concept referring to a shared virtual environment that people access via the Internet, has become one of the hottest business trends this year, building on the accelerated shift to digital channels, growth of the augmented reality/virtual reality
Read MoreSingapore Among the Fastest Adopter of Digital Banking
In Singapore, consumer preferences are rapidly evolving, with banking customers increasingly preferring online interaction over in-person interaction. A new consumer survey by digital business transformation company Publicis Sapient found that Singaporeans are prolific users of mobile banking, with one in
Read MoreMAS Awards Capital Markets Services License to Revolut Singapore
Challenger bank Revolut has obtained a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This will allow them to launch its stock trading feature to its customers in Singapore and beyond, giving them the opportunity to
Read MoreSingaporeans Rank Financial Stability as Top Stressor
Traveloka recently concluded a wellness survey with Singaporean respondents and uncovered that 51% of the men named financial stability as the top stressor. In Hong Kong, Cigna’s 2020 360 Well-Being Survey revealed that only 15% expected to be able to
Read MoreGrab to Make Nasdaq Debut Following SPAC Merger With Altimeter
Superapp Grab will begin trading on the Nasdaq today following the completion of its merger with Altimeter Growth Corp, a special purpose acquisition company (SPAC). The deal raised US$4.5 billion in what is touted to be the largest U.S. public
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