Posts From Fintechnews Singapore

SingSaver Gets Brokerage License from MAS, Launches Digital Insurance Comparison

Comparison platform SingSaver.com.sg announced today that they have launched instant digital insurance comparison on its platform fresh off securing a brokerage license from the Monetary Authority of Singapore. The platform now offers a comprehensive range of insurance products across travel,

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Singapore’s Digital Banking License Race Intensifies With Deadline Looming in Weeks

In Singapore, the end-of-year deadline to apply for a digital banking license is coming up, and tech companies, banks and brokerages are racing to form partnerships to meet regulators’ stiff requirements. Singapore will be issuing up to two retail and

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Adoption of Facial Recognition for eKYC on the Rise in Asia

The increasing risk of data breaches, coupled with customer demand for all-digital onboarding processes, rising mobile phone penetration, and security concerns among customers, is expected to propel future global growth of technology-based identification, especially in APAC, according to a report

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5 Asian Firms Named Top 100 Global Regtech Companies for 2020

REGTECH100 has released its latest list of the top 100 regtech companies, among which 5 regtechs from Asia. REGTECH100 is an annual list of 100 of the world’s most innovative regtech companies. The list recognizes the next-generation of solution providers

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Asia Pacific Leads in Adoption of Mobile Financial Services

It’s undeniable that the introduction of mobile technologies has brought about radical innovation across industries, among those that are most impacted, is the personal finance space. Though the growth of finance apps has become a global phenomenon, it is Asia-Pacific

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MIT Technology Review Recognises 20 Emerging Innovators Under 35 for the Asia Pacific Region

  MIT Technology Review has announced its annual list of Innovators Under 35 for the Asia Pacific Region. This acclaimed list honours innovators making great strides in their respective fields. Selected from a pool of 200 exceptional candidates, the 2020

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Blockchain Based Ride Hailing Service TADA Raises US$ 5 Million in Series A Funding

MVLLABS Pte Ltd (“MVL”), the company behind TADA,  a blockchain-based ride-hailing service that the company claims to be zero-commission, announced today a series A investment of US$5 million led by South Korean venture capital firm, SV Investment. Two of South

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Kredivo’s Parent FinAccel Raises US$90 Million; Doubles Down on Growth in South East Asia

Singapore-headquartered FinAccel, a fintech firm that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90 million in a Series C equity funding round to expand in Indonesia and the region. Since inception just

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Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions

With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who

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NETS ATM Card Payments Now Available in 7,400 Spots in Malaysia

Network for Electronic Transfers (NETS) and its Malaysia equivalent, PayNet,  announced today the launch of a real-time cross border payments usage of NETS ATM cards in Malaysia and vice versa. In April 2019, the joint statement by Tun Dr Mahathir

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