Posts From Fintech News Singapore
ISC2 SECURE Asia Pacific Returns with Powerful Lineup of Cyber Leaders
The ISC2 SECURE Asia Pacific 2023 conference is set to take place at the Marina Bay Sands Convention Centre in Singapore on 6 and 7 December 2023. This event, following its successful launch last year, offers a unique opportunity for
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Malaysia’s KWAP Gets S$180M Green Loan from DBS for Aussie Office Refinancing
DBS Bank has provided a green loan of AUD 207 million (S$180 million) to Malaysia’s Retirement Fund (KWAP). The loan is designated for refinancing a high-grade green office building in Melbourne, Australia. The office tower, entirely owned by KWAP, is
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Temasek Trust to Buy MoneyOwl, Refocus Services for Community Upliftment
Temasek Trust plans to acquire MoneyOwl from NTUC Enterprise Co-operative. This proposed acquisition, which is still pending regulatory approval, is part of a broader strategy to repurpose MoneyOwl’s offerings to better serve essential workers, gig workers, and youths. MoneyOwl had
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AWS Powers Krungsri’s Transformation Into an AI-Driven Bank
Thailand’s Bank of Ayudhya Public Company Limited, commonly known as Krungsri Bank, has selected Amazon Web Services (AWS) to power its digital transformation efforts. Ranking among the top five banks in Thailand, Krungsri is working with AWS to leverage data
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BNPL Payment Option Now Available for StanChart Visa Credit Cards
Payments giant Visa and Standard Chartered have announced a new partnership to introduce Buy Now, Pay Later (BNPL) payment option for the bank’s Visa credit cardholders in the Asia Pacific region. Facilitated by the Visa Instalment Solution, this allows cardholders
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Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs
Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to the GDP and play a key role in job creation. According to the Asian Development Bank, SMEs make up 98%
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Mizuho Invests in Climate Impact X to Strengthen Carbon Credit Market in Asia
Japan’s Mizuho Financial Group has announced a strategic investment in Climate Impact X (CIX), a global carbon marketplace based in Singapore, in a move towards scaling the international carbon credit market in Asia. The sum was not disclosed and the
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Singapore FIs Show More Caution in Adopting BaaS, AI, and Embedded Finance
Singapore’s financial institutions have demonstrated a mix of resilience and cautiousness in adopting new banking technologies amid challenging global economic conditions, according to financial software provider Finastra‘s annual global survey. The ‘Financial Services: State of the Nation Survey 2023’ indicates
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Zipmex Halts Trading in Thailand Amidst SEC Probe
Cryptocurrency exchange Zipmex has initiated a temporary suspension in the trading and depositing of all types of assets from 25 November 2023, at 1:00 PM following a probe by the Thailand’s Securities and Exchange Commission (SEC). During the suspension period,
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Richard Teng Pledges Compliance Reform as Binance’s New CEO
Changpeng Zhao (CZ), the founder and former CEO of Binance, currently faces restrictions on leaving the United States, according to a recent report by CoinDesk. This development follows a federal judge’s decision to temporarily suspend part of his bond release,
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