Posts From Fintech News Singapore
Singapore Life Raises Another US$7.3 Million from HK-Based Ion Pacific
Singapore Life has just raised US$7.3 million (approximately SG$10 million) from Hong Kong-based Ion Pacific, an asset management company, according to DealStreetAsia. Ion Pacific joins Aflac and Standard Life Aberdeen, Singapore Life’s original shareholders in this round of fundraising. Ion
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It’s Official, Laos Doubles Down on Crypto-Ban in Recent Announcement
The Central Bank of Laos has officially cracked down on cryptocurrency in the republic. The Bank of Lao PDR has warned everyone from commercial banks and businesses to your average Laotian against buy, selling or using cryptocurrency for money transactions,
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UnionBank Eyes Investing US$9.6 Million Every Year in Fintech
Philippines’ UnionBank has expressed their intention to invest around $US 9.6 Million into incubating or buying technology ventures where financial services could be wired into, and they’ll be refreshing the fund every year, according to Inquirer.net, UnionBank is among Philippines’
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7 Blockchain Projects and Startups Leading the Way in Singapore
In recent years, Singapore has emerged as a hotbed for blockchain and crypto innovation, fuelled by the supportive stance from the government towards adopting cutting technologies. Sources say that there are over 634 companies have been incorporated in Singapore with a
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InstaReM to Power Cross-Border Payments of Major Thai Bank
InstaReM, a digital cross–border money transfer company, has announced that it will now power cross–border payments for the clients of KASIKORNBANK (KBank), one of Thailand’s leading banking group. Announcing InstaReM’s partnership with KBank, Prajit Nanu, co–founder and CEO of InstaReM
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With SG$1.5 Mil Loaded for CNY, DBS Extends its QR-Backed Money Packets for Raya
Following the launch of its loadable QR-backed Ang Baos (red packets) earlier this year, DBS is now offering the same this Raya season with the quintessential Hari Raya green packets, in hopes of fostering cashlessness in these usually high-cash activities
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Louis Vuitton Launched a Blockchain for Luxury Goods in Ongoing Fight Against Counterfeits
ConsenSys and Microsoft just announced AURA, a blockchain platform that aims to offer the luxury industry with product tracking and tracing services. AURA is based on the Ethereum blockchain and Microsoft Azure, in partnership with the LVMH Group, which owns
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The World Bank’s Blockchain-Based Bonds Can Now Be Traded on a Secondary Market
The World Bank and Commonwealth Bank (CBA) have banded together to enable secondary market trading on blockchain for its block-i bond—and apparently it will be the first of its kind. The function was developed by CBA in conjunction with World Bank
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Youtrip, a Multi-Currency Travel Wallet, Closed US$25.5 Mil in a Pre-Series A Funding
YouTrip, a multi-currency mobile wallet with a prepaid Mastercard, has successfully raised US$25.5 million in a pre-Series A. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by ex-Sequoia Partner Yinglan Tan. With the
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Tryb Group Invests into Filipino Insurance Marketplace Maria Health
Maria Health, a Filipino aggregator for health insurance, has secured an undisclosed amount of seed funding from the tryb group, with participation from Gobi Ventures, Wavemaker, Hustle Fund and Grand Metro Holdings. Maria Health will use the additional funding to
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