Posts From Fintech News Singapore
Southeast Asia’s O2O Platforms Reach Mainstream Acceptance
In Southeast Asia, digital ecosystems have reached mainstream acceptance. A new research by Bain & Company found that more than 77% of surveyed consumers in the region’s six biggest economies (SEA-6), namely Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam,
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Incomlend Receives Capital Market Service License from MAS
Incomlend Capital, an Incomlend Group company, has received the Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) to conduct fund management activities. The CMS license allows the company to set up and manage funds and collective
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ADDX Launches Its First Crypto Offering by Listing Trovio’s Digital Asset Fund
Private market exchange ADDX has launched its first cryptocurrency product, with the listing of a digital asset fund by investment manager Trovio Capital Management (TCM). The fund aims to provide accredited investors with a reliable option for crypto investing and
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Bitkub Minted as Thai’s First Crypto Unicorn With SCB’s US$535 Million Deal
SCBx Group, the holding company of Siam Commercial Bank (SCB), announced that it has acquired a 51% stake in Thailand’s digital asset exchange Bitkub for approximately 17.85 billion baht (US$535.9 million), in a push into the digital assets business. This
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DBS to Invest S$300 Million Next Year to Step up Its Tech and AI Game
DBS announced that it will invest S$300 million next year to grow the breadth and depth of its digital and intelligent banking capabilities powering all products and solutions for wealth and retail customers. This will also further bolster hyper-personalised experiences
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ADVANCE.AI Integrates Ekata’s B2B Digital Identity Solutions Into Its Services
Ekata, a Mastercard company that empowers businesses to enable frictionless transactions and combat fraud, announced a partnership with Singapore-based artificial intelligence (AI) and big data company ADVANCE.AI to offer B2B digital identity solutions and risk products across South and Southeast
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Dell Technologies Launches Financing Arm for Firms in Singapore
Dell Technologies is launching its financing arm Dell Financial Services (DFS) in Singapore, as part of an expansion strategy to provide financing alternatives to its regional and global customers with a local presence. DFS offers a payment solutions portfolio that
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Temasek-Backed ShopBack Acquires APAC BNPL Player hoolah
Shopping and rewards platform ShopBack announced that it has acquired hoolah, a buy now, pay later (BNPL) platform. Details of the deal were not disclosed. The deal comes on the heels of ShopBack’s recent US$40 million funding round led by
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Pakistan’s Fintech Ecosystem Gets a Boost
Despite a growing population and a large pool of unbanked, Pakistan has been a relatively slow-mover within the digital finance space, but new opportunities brought about the COVID-19 pandemic and government-led initiatives are expected to fuel growth. Out of a
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Here are MAS’ Finalists for the Global Fintech Hackcelerator and Fintech Awards 2021
The Monetary Authority of Singapore (MAS) announced the finalists for the Global Fintech Hackcelerator, as well as the Global Fintech Awards that will be a part of the Singapore Fintech Festival (SFF). These awards are among the key highlights of
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