Posts From Fintech News Singapore
Insurtech Gets a Boost in India Amid Rising Digital Adoption
Fundamental shifts in consumer preferences, favorable regulation, and rising interest from investors are stimulating the growth of insurtech in India. Results of a survey conducted by the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and
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HK Based Futu Launches Investment Platform Moomoo, Unveils New Singapore HQ
Futu Holdings announced the official launch of its one-stop investment platform, moomoo and unveiled the opening of its new regional headquarters in Singapore. The company said in a statement that the new headquarters was set up to better serve the
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Banking-as-a-Service a New Battleground for Banking Incumbents and Challenger Banks
With a new Banking-as-a-Service (BaaS) model, financial services providers can save up to 95 percent of a typical customer acquisition cost, according to a new report from Oliver Wyman. The report said that the typical customer acquisition cost can be
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The State Open Banking in Thailand in 2021
Though no legal regulation on open banking currently exists in Thailand, the government’s digital push with the Thailand 4.0 strategy, and the introduction the Personal Data Protection Act (PDPA) last year suggest a move to open banking frameworks is inevitable.
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4 Key Considerations For Wealth Managers Looking to Unlock the Value of Data
When we talk about wealth management today in fintech, more often we’re talking about how to create wealth: goal setting, risk profile management, or simply investment management overall. But Dr. Sekar Jaganathan, Director of Digital Strategy in Kenanga Bank opines
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PAYFAZZ Invests US$30 Million in Xfers to Form New Entity Fazz Financial Group
Indonesian fintech startup PAYFAZZ announced that it has invested US$30 million in Xfers, Singapore-headquartered counterpart to form a new financial entity called Fazz Financial Group (FFG). PAYFAZZ said that both companies will retain their respective names whilst operating under the
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Insurtech Symbo Secures US$9.4 Million Funding to Scale Its Platform in SE Asia and India
Symbo Platform Holdings, a Singapore-based insurtech platform, announced the completion of a US$9.4 million funding round led by the CreditEase Fintech Investment Fund. The round also saw participation from San Francisco-based investment firm Think Investments along with follow on investment
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Clearstream Selects BearingPoint to Comply With Singapore’s Compliance Reporting
European supplier of post-trading services Clearstream has selected BearingPoint RegTech, a Netherlands-based compliance technology provider, for its Abacus360 Banking solution for MAS 610 reporting. BearingPoint RegTech said that Abacus360 Banking is a standard software for national and international prudential reporting,
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APAC Banks Race to Revitalise Their Digital Transformation Programmes
The second edition of the Fintech and Digital Banking 2025 in Asia Pacific report by IDC commissioned by Backbase, reveals that APAC banks are going back to the drawing board on their digital transformation programs. Digital banking fitness has been
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KPMG Singapore Appoints Anton Ruddenklau as Head of Financial Services
KPMG Singapore has named Anton Ruddenklau as its Head of Financial Services with immediate effect. He most recently served as Global Co-Leader of Fintech for KPMG International, and Partner and Head of Digital and Innovation for Financial Services in KPMG
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