Posts From Fintechnews Singapore

ADDX Sells Stake in Taiwan’s Web 3.0 Infrastructure Platform CYBAVO to Circle

Global private market exchange ADDX has sold its stake in Taiwanese Web 3.0 infrastructure platform CYBAVO to Circle, a global financial technology firm and issuer of USD Coin (USDC). ADDX was a pre-Series A investor in CYBAVO and held a

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Thailand and Vietnam Officially Launches QR Payment Linkage

The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) announced that they have officially launched their joint QR payment services as an alternative means of cross-border payments between the two countries. Nguyen Kim Anh, Deputy Governor of

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Indonesia’s Open Finance Scene Heats Up as Consumer Interest Heightens

In Indonesia, consumers are showing high levels of awareness and interest in open finance and embedded fintech, with most people agreeing that sharing their data allows them to be provided with better products and services, as well as tailored recommendations,

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Agile Banking Transformation: A New Era in Banking

The world of financial services is in a state of constant change, with many traditional banks across the Asia Pacific, and indeed the world, now actively pursuing digital transformation strategies. For many of these organisations, it has been the impact

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OCBC Appoints Veteran Banker Noel Gerald DCruz as Group Chief Risk Officer

OCBC Bank announced the appointment of veteran banker Noel Gerald DCruz as Group Chief Risk Officer from 1 January 2023, succeeding Vincent Choo who will stay on as an adviser. DCruz joined OCBC in 1989 after a stint in the

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Temasek Latest to Write Down US$275 Million Investment to Zero in FTX

Singapore’s state-owned investor Temasek announced that it has decided to write down its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome of its bankruptcy protection filing. Temasek had invested US$210 million for a minority stake of ~1%

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Google Wallet Lands in Vietnam, Thailand and Malaysia

Google Wallet has now been extended to three additional Southeast Asian countries – Vietnam, Thailand and Malaysia – making it available in 57 countries total. In Vietnam, the feature is currently only supported for Visa cardholders while Mastercard will be

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43 New Challenger Banks Have Entered the Market This Year

Over the past year, 43 new digital challenger banks have been launched around the world, bringing the total number of players to 291, data acquired by Finbold, a platform that covers news on finance, cryptocurrencies and fintech, show. The figure

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Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit

The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO and co-founder of Binance, warned during a recent industry event

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Streaming Platform Bigo Live Partners TripleA to Enable Users to Pay With Crypto

Social live streaming platform Bigo Live has partnered with crypto payment gateway TripleA to enable their users to top up account by paying with cryptocurrencies. The crypto payments, which includes Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC),

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