Posts From Fintech News Singapore
Ripple Joins Singapore NFT Marketplace Mintable’s US$13 Million Series A Fundraise
Ripple announced that it has made an investment in Mintable, a Singaporean non-fungible tokens (NFTs) marketplace that allows users to seamlessly create, buy, and sell digital items using fiat or cryptocurrency, during its US$13 million Series A funding round. The
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Singaporean Insurtech Bolttech Clinches Unicorn Status With US$180 Million Series A
Singaporean insurtech firm bolttech announced the completion of an oversubscribed US$180 million series A funding round which values it at more than US$1 billion, giving it unicorn status only one year after its launch in 2020. The fundraise led by
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Wealthtech Endowus Secures Investment From UBS, Samsung and Singtel
Endowus, a Singaporean MAS-licensed digital wealth platform, announced that it has received an undisclosed sum from strategic investors UBS AG, Samsung Ventures and Singtel Innov8. They were joined by venture capital investors Lightspeed Venture Partners and SoftBank Ventures Asia. UBS
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Using Payment Data to Increase E-Commerce Revenue
If extracted effectively and used properly, payment data hold immense value, allowing businesses to make smarter decisions to optimize authorization rates and increase revenue, according to a whitepaper by payment fintech Checkout.com. The paper, titled Optimizing authorization rates with access
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Only 5% of The World Challenger Banks Are Profitable, Most of Them Are From Asia
Out of the 50 digital challenger banks operating in Asia Pacific (APAC), just ten operators are profitable. These providers are primarily located in China and Japan, indicating that the two nations offer the most mature and developed digital banking landscapes
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What Does Singapore’s Open Banking Landscape Look Like in 2021?
Amid a rapidly changing financial landscape, incumbent banks must be open to innovation and explore opportunities to partner with non-banking partners for the benefit of their customers. One such way this can be accomplished is through the open banking system.
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Xiaomi-Backed Tiger Brokers Granted Approvals-in-Principle for SGX Trading
Xiaomi-backed online brokerage Tiger Brokers Singapore announced that it has received approval-in-principle to be admitted as a clearing member of The Central Depository (CDP). Tiger Brokers has also received approval-in-principle from Singapore Exchange Securities Trading Limited (SGX-ST) as well as
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Singapore Takes the Lead In Banking-as-a-Service Adoption, Finastra Survey Says
A global study by Finastra suggests Singapore is leading the way towards the next evolution in financial services with the adoption of Banking-as-a-Service (BaaS). Almost half of respondents (47%) having deployed or improved their BaaS capabilities in the last year
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Synthetic Identity Theft Rises in Southeast Asia
Simply stated, synthetic identity theft is when a fraudster combines the personal information of different real-life people to create an authentic-looking digital identity. These identities can include Personally Identifiable Information (PII) such as name, identity card number, birth date and
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MAS Seeks Innovative Digital Currency Solutions Through New Global Challenge
The Monetary Authority of Singapore (MAS) announced the launch of a global challenge for retail Central Bank Digital Currency (CBDC) solutions. The Global CBDC Challenge seeks innovative retail CBDC solutions to enhance payment efficiencies and promote financial inclusion. MAS had
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