Posts From Fintech News Singapore
OCBC’s New Voice-Based Virtual Assistant Gaining Traction
Each month, over two million banking transactions and services are performed using the OCBC Mobile Banking app. Since 19 August 2019, the app has offered an AI-powered voice-based virtual assistant – which has helped with over 20,000 requests made via voice.
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China’s Insurance Giant, Ping An Considering Digital Banking License in Singapore
Ping An’s fintech unit OneConnect, is considering to apply to Singapore digital banking license, according to a recent Bloomberg report. The insurtech giant was ranked by Forbes as the largest insurer in 2018 valued at US$ 217 billion, Its fintech
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Crypto Exchange Huobi to Launch a USD$ 515 Blockchain Phone
Huobi Exchange announced that they will be launching their blockchain phone named “Acute Angle” soon. As part of that launch, Huobi will enable Huobi Token (HT) users to buy their own Acute Angle phones using Huobi Tokens. Currently available in China,
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New Digital Banks Unlikely To Threaten DBS, OCBC and UOB, Fitch Ratings Says
Singapore’s granting of up to five new digital bank licenses is unlikely to threaten the dominance of the country’s three largest banks, DBS Bank, OCBC Bank and UOB, Fitch Ratings says. The ratings agency believes that DBS, OCBC, and UOB
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Kredivo Closes up to US$20m Credit Line with Partners for Growth
Jakarta-headquartered Kredivo, a digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, L.P. (PFG), a venture debt firm in the U.S. and Australia, announced today the closing of a debt line of up to US$20m to
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London-Based Open Banking Platform Raises US$ 10 Million, Expands to Singapore
Railsbank an open banking and RegTech platform, announces that it has raised $10m in a Series A funding round, led by Moneta Capital and joined by CreditEase, Clocktower Technology Ventures, Singapore Life and existing investors including Firestartr. Interestingly, Railsbank is
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Visa Racks Up Fintech Investments in 2019
Visa, the world’s second-largest card payment organization, has turned to fintech acquisitions, investments and strategic investments to further expand its payments capabilities and reach. At the firm’s Q3’2019 earnings conference call on July 23, Visa’s CEO Alfred F. Kelly, noted
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Finastra Appoints New Asia Pacific Head
Finastra has appointed Wissam Khoury to lead its Asia Pacific (APAC) business. In this new expanded role as Senior Vice President and General Manager for Middle East and Africa (MEA) and APAC, Wissam is responsible for driving Finastra’s growth strategy,
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Flywire and VPBank Partner on International Tuition Payments for Vietnamese Students
Flywire and VPBank announced a new partnership that will simplify international tuition payments for Vietnamese students. Working together the companies are addressing the unique requirements and nuances of the Vietnamese market and ensuring compliance with local regulations while offering students and
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TranSwap Gets Regulator Approval to Launch Remittance Services in Indonesia
Home-grown cross-border payments platform TranSwap today announced that it has successfully obtained its money remittance Fund Transfer Operator license from Bank Indonesia, which will enable them to provide services for outbound cross-border payments in its third Asian location, after Singapore
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