Posts From Fintech News Singapore
Spenmo’s CEO Justin Choi Resigns After One Month for ‘Personal Reasons’
Justin Choi has resigned as the CEO of Spenmo, a Singapore-based payables management software platform, just one month after he took up the position for “personal reasons”, according to a report by DealStreet Asia. Choi took over from Mohandass Kalaichelvan
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Surer and DirectAsia to Simplify Car Insurance Policy Customisation
Local insurtech Surer announced that it has formed a partnership with Singapore-based motor and travel insurance provider DirectAsia. The partnership aims to empower insurance intermediaries to offer highly customisable car insurance policies to serve their customers, the end policyholder, with
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Peak XV Partners Promotes Rohit Agarwal as New Managing Director
Singapore-based venture capital firm Peak XV Partners has promoted former principle investor Rohit Agarwal as its Managing Director to focus on early and growth stage investments in the region. The appointment comes just a month after Peak XV Partners’ rebrand
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Fitch: DBS, OCBC, UOB to See Minimal Impact from Digital Banks’ Deposit Cap Raise
Singapore’s digital banks have recently raised their deposit caps, but this move is not expected to significantly impact the profitability of local banks DBS, OCBC and UOB, according to Fitch Ratings. Grab and Singtel’s GXS Bank as well as Sea
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OCBC Names Mike Ng as Sustainability Chief in Newly Created Role
OCBC has appointed Mike Ng for its newly created Group Chief Sustainability Officer (CSO) role, effective 1 August 2023 onwards. Ng will actively lead OCBC‘s sustainability agenda, including the transition to Net Zero economy on both the lending and wealth
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Aspire Launches Full Integration With PayNow for Businesses
All-in-one finance platform Aspire announced that it has enabled bi-directional payments with PayNow, Singapore’s real-time payment system. Users can make PayNow transfers to other business or personal accounts via QR code, mobile number, National Registration Identity Card (NRIC), Unique Entity
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Senior Banking Leaders Set to Gather at MoneyLIVE Asia This September
MoneyLIVE Asia will be held at the Marina Bay Sands, Singapore this 12-13 September 2023 to unite some of the most innovative banking and payments leaders from across Asia. At the event, industry leaders will discuss and assess emerging industry
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Key Features of a Robust Microfinance Software
Microfinance lending software is a powerful and specialized tool that supports lenders in effectively managing their microfinance operations. With a focus on simplifying the lending process and addressing the specific requirements of borrowers, this software provides a variety of critical
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Identity Verification Firm Sumsub to Establish APAC HQ in Singapore
Identity verification platform Sumsub announced its plans to make Singapore its APAC headquarters with the aim to forge vital partnerships and serve new clients in the island-state and Hong Kong among other countries in the region. Sumsub said that this
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The Economist: 5 Megatrends That Will Shape Banking in The Next Decade
The future of banking will be shaped by several forces and megatrends, including the accelerating digital revolution, new consumer expectations and efforts by governments to combat persistent economic and social inequities. To stay relevant, banks will need to adapt and
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