Author: Fintech News Singapore

R&M, the globally active Swiss developer and supplier of cabling systems for high-end network infrastructures, is introducing its new R&MinteliPhy system for Netscale. The next generation of automated infrastructure management (AIM) for the world’s highest density fiber solutions now runs in continuous self-testing mode to automate system health checks. Netscale combined with R&MinteliPhy ensures up-to-date key information is always available, supporting infrastructure managers’ decision-making and helping avoid risks. IT system demands and the need for performance and agility are increasing, driven by Big Data, IoT, new (remote) working methods, mobile platforms and portable computing devices. Today’s data storage and management…

The history of IOT have been a visions of smart, communicating objects even before the global computer network was launched forty-five years ago. Here are a few milestones in the evolution of the mashing of the physical with the digital.

Open banking, a term that refers to the use of open APIs to allow banks to share information securely and provide customers with even higher levels of convenience and personalized financial advice, is an emerging trend in the banking space to watch very closely, according to Olivier Berthier, CEO and co-founder Moneythor. “Regulators across the globe mandating banks to share information about their customers’ accounts and transactions in order to enable them to access new innovative services from third-parties, is the talk of the town. It is around the corner in Europe with the revised Payments Services Directive (PSD2) coming…

Looking back at 2016, the IT sector has been dominated by the realization that it needs to make better use of its data and digital assets and become leaner and more agile than ever before. With digital transformation appearing the agenda of CIOs across the world, we can expect to see an increasing number of organizations striving to reach digital maturity in 2017. This is backed up by recent research from Forbes Insights, which revealed that 42% of organizations in Asia Pacific consider themselves either advanced or leaders in terms of their digital transformation journey. Aside from the implied continued…

The history of IOT have been visions of smart, communicating objects even before the global computer network was launched forty-five years ago. Here are a few milestones in the evolution of the mashing of the physical with the digital. Facts from internetofthingsrecruiting.com

Passengers traveling through Singapore Changi Airport can now utilize their unneeded foreign change (or remaining Singapore dollars), using the new TravelersBox kiosks located at the airport. TravelersBox is an innovative fintech company that helps travelers convert their leftover foreign currency, including bills and coins, into digital money with favorite e-Gift cards (iTunes, JD.com, Grab, Tokpedia, Starbucks, Facebook) or e-wallet brands (PayPal and Baidu). They may also make a contribution to the Changi Foundation, the philanthropic arm of Changi Airport Group (CAG) that supports youth community efforts, or charities such as the Red Cross. This way, money that would otherwise be…

Thomson Reuters today announced the official opening of Thomson Reuters Labs – Singapore. The Lab will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region. The Singapore Lab is the first branch in Asia to open as part of Thomson Reuters Labs growing global network, joining locations in Boston, Cape Town, London, Waterloo (Canada) and Zürich. Located in Singapore’s central business district at One Raffles Quay, the Lab opening was officiated by Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority Singapore (MAS) and will support Thomson Reuters financial & risk, tax & accounting and legal businesses…

Experts who attended the inaugural National Fintech Cyber Security Summit share the view that collaboration between Australian authorities and the private sector would build a strong information protection industry locally. With cyber threats growing more damaging and more sophisticated, it is imperative that the industry should reduce dependency on overseas providers for the protection of Australia’s critical information. Held by CSIRO’s Data61 and fintech hub Stone & Chalk, in conjunction with partners KPMG and the Australia Israel Chamber of Commerce (AICC), the summit seeks to address cyber security issues within Australia. The summit’s objective was to also provide an opportunity for…

Ayannah a provider of affordable and accessible digital financial services for emerging markets has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system for the unbanked in emerging markets. The Bangko Sentral ng Pilipinas (Central Bank of the Philippines) estimates that over 87% of Filipinos remain unbanked and thus, financially excluded. Ayannah and Meralco aim to provide this huge segment of the population with better access to essential financial services such as personal loans, small business loans, home and auto loans as well…

DBS announced plans to hire 100 developers skilled in new andcutting-edge technologies, as it ups the ante on reimagining banking. The new jobs will help DBS cement its position as a leading digital bank. Taking an innovative approach to recruitment, DBS will break industry norms and identify successful candidates through a coding challenge and hackathon -the first bank in Southeast Asia to do so. Both fresh graduates and experienced professionals can apply. “We are seeing rapid advancements in banking technology using cloud, machine learning and Big Data, which are paving the way for a new world of seamless banking. We…

Check out this infographic created by Ohio University’s Online MBA program that hits on all of these points in much greater detail, plus a lot more. You will learn about what the top 10 types of businesses that become unicorns, go into more detail about some of the most successful unicorns, and even see what may be in the future for tomorrow’s unicorns. Article first appeared on – valuewalk.com

eWise develops and distributes personal money management and account aggregation solutions for banks and other financial services providers. Notably, eWise’s Aegis is a secure consumer-centric personal data management platform enabling banks to connect with user’s financial accounts. The solution aggregates automatically all of a client’s customers’ financial accounts from a variety of sources including bank accounts, credit cards, loans, investment portfolios, utility companies, loyalty programs and offline assets, in one place. It comes with the company’s patented Personal Data Vault (PDV) technology, which encrypts and stores a user’s financial data on a device, differentiating eWise from its competitors who typically…

With the proliferation of e-commerce, 43% of the fintech players in Indonesia are in the payment sector, with offerings ranging from mobile payment to payment gateway, according to the Indonesia Fintech Association (IFA) report 2017. The growth of e-commerce  has resulted in such a trend. Indonesia’s fintech market is booming, said the report, authored by More independent fintech startups are joining the market. 2015 to 2016 saw fintech companies grow by 78 per cent, with 20 foreign venture capital (VC) firms buying stakes in the local fintech scene. With such a sharp increase, the IFA was formed to introduce transparency,…

Accelerators and incubators play an important role within a startup ecosystem, as they provide a platform for young teams and startups to connect with successful entrepreneurs, allowing them to learn from the bests while securing funding and connecting with potential investors and partners. For fintech startups, Asia has got plenty of programs to help them bring their businesses to the next level. Today, we look at the top fintech accelerators and incubators in Singapore, Hong Kong and Southeast Asia. Startupbootcamp Fintech Singapore Startupbootcamp Fintech Singapore is one of the leading accelerators focused on financial innovation in the region. Each…

Assurity Trusted Solutions has inked a collaboration with V-Key, a global leader in digital mobile security and accredited by the Infocomm Media Development Authority (IMDA), to deliver an innovative form of authentication via V-Key’s mobile soft token application called V-Tap. V-Tap will provide a new level of security and convenience for consumers who use commercial online services delivered through Assurity’s National Authentication Framework (NAF). This includes securities trading firms, banks and insurance companies. The mobile soft token will be offered in addition to Assurity’s hardware and SMS authentication solutions. Users will simply download the new V-Tap enabled OneKey mobile app…

Swiss listed banking tech giant Temenos is making a big play for the APAC market after gaining massive ground on global software kingpins like Oracle in other regions, and has just signed an agreement to acquire ASX-listed fintech Rubik Financial in a AU$68 million takeover bid at $0.1667 per share. Through the deal the Swiss banking software provider’s plans to accelerate its growth in the Australian market, one of four major growth areas the $6.5 billion (CHF5.1 billion) company sees as key in the APAC region. Key details of the deal: Temenos AG Group (“Temenos”) and Rubik Financial Limited (“Rubik”)…

KPMG International and Microsoft have announced the launch of joint Blockchain Nodes, which are designed to create and demonstrate use cases that apply blockchain technology to business propositions and processes. The first joint Blockchain Nodes are in Frankfurt and Singapore, with future plans for a location in New York. The KPMG and Microsoft Blockchain Nodes –innovation workspaces– will expand on a global alliance, which combines Microsoft’s technical expertise with KPMG’s deep industry and blockchain application knowledge, together with strong connections to the start-up and developer communities. With a priority focus on applications for financial services, plans are for the Blockchain…

Read here all the important fintech news around Fintech in Vietnam from January. You can subscribe to the monthly Fintech Vietnam Newsletter here. Save The Date: Fintech Saigon Meetup, March 9th Save the Date: Fintech Startup Investments Firechat with Eddie Thai from 500 Startups on March 9th in Saigion, Reserve your seat here Vietnam’s FE Credit Secures US$100M Loan from Credit Suisse  VP Bank Finance Company Limited (FE Credit) has announced the completion of the procedure for a US$100 million syndicated loan. (Read more) Vietnam Announces Major Initiative to Become Cashless by 2020 Vietnam’s deputy prime minister Vuong Dinh Hue…

In the recent times, we have seen a trend of new technologies in the Fintech. To keep up with these, various Fintech Events 2017 are organized across the globe from Asia to America and Europe to Australia and Africa. Let’s take a look at some of the top Fintech events of the world handpicked for you by Habile Technologies. The Blockchain Africa Conference 2017 When: 01-03 March 2017 Where: Focus Rooms, Johannesburg, South Africa The Blockchain Africa Conference 2017 is bringing together a range of professionals and experts with the exciting opportunities, possibilities and challenges in innovation as well as…

Indonesia’s financial e­-commerce provider, Cermati, has raised seven-digit USD funding from Orange Growth Capital (“OGC”), one of the leading European and Asian FinTech VCs. Cermati will use the additional funding to expand the team, bolster its product offering and further enhance its technology, with the aim to be the clear market leader in Indonesia. Cermati’s online offering helps customers research and get financial products, such as credit cards, auto loans, personal loans and mortgages, that suit their needs.  It has become the most visited financial e-commerce site in Indonesia recording 3.2 million monthly visits in December 2016 and helped to…