Posts From Fintechnews Singapore

ADDX Extends Pre-series B Round With US$20 Million Raise Led by Korea’s KB Securities

Global private market exchange ADDX announced that it has raised approximately US$20 million in an upsized Pre-Series B round led by KB Securities, a subsidiary of Korea’s KB Financial Group (KBFG). The round kicked off in May 2022 when ADDX

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Five ASEAN Central Banks Sign MoU for Regional Payment Connectivity

Five central banks in ASEAN announced that they have inked a Memorandum of Understanding (MOU) to collaborate on regional payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. Signed at the G20 Leaders’ Summit, the central

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New York Fed Reserve Partners With MAS to Explore Wholesale CBDCs

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) announced a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments

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Singapore Fintech Festival 2022 Saw Its Largest Turnout With Over 62,000 Participants

The Singapore Fintech Festival (SFF) this year brought together more than 62,000 participants from over 115 countries, emerging as its largest gathering to date since the inaugural edition in 2016. SFF 2022 featured more than 850 speakers from private and

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Huawei, IMDA Launch Spark Incubator for Fintech, Metaverse and SaaS Startups in Singapore

Huawei has partnered with the Infocomm Media Development Authority’s (IMDA) PIXEL Innovation Hub to launch the inaugural Spark Incubator programme in Singapore. The programme aims to support pre-seed and seed stage fintech, metaverse, and software as a service (SaaS) startups

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Mastercard’s Study Shows That Buy Now, Pay Later Is Rising in Popularity in APAC

Buy now, pay later (BNPL) options are rising in popularity in Asia-Pacific (APAC) where consumers are increasingly turning to these payment arrangements to pay for bigger-ticket items like electronics and appliances, findings from a Mastercard study show. A survey conducted

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FlexM Awarded as the Best Asean Fintech By MAS at the Singapore Fintech Awards 2022

“Embracing Digital, Charting the New Normal”, the theme for the Singapore Fintech Festival (SFF) Global FinTech Awards 2022, was set keeping in mind the rampant age of digitalisation that is taking over the financial industry. The Global FinTech Hackcelerator and

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Sacombank Chooses Swiss Firm Temenos to Elevate Digital Banking

Sacombank, one of the largest banks in Vietnam has selected Temenos Infinity to elevate digital banking and deliver a seamless omnichannel experience to retail and business customers. The bank has a customer-centric business strategy and plans to introduce fully digital

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Here’s How Okta Helped Singlife with Aviva Deliver a Seamless Login Experience

Singlife with Aviva was formed through the merger of Singlife and Aviva Singapore, bringing together one of the world’s oldest insurers with Singapore’s youngest homegrown financial services company. While the merger was officially completed in January 2022, it also presented

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Atome Secures In-Principle Approval to Operate as a Major Payment Institution

BNPL platform Atome has received in-principle approval from the Monetary Authority of Singapore to operate as a Major Payment Institution. Once granted, the licence would allow Atome to provide payment services, such as account issuance, domestic and cross-border money transfers,

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