Posts From Fintech News Singapore
U.S. SEC Files 13 Charges Against Binance and Changpeng Zhao for ‘Web of Deception’
The U.S. Securities and Exchange Commission has charged crypto exchange Binance and its founder Changpeng Zhao with a variety of securities law violations. The regulator alleged that while Zhao and Binance publicly claimed that U.S. customers were restricted from transacting
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Aspire Achieves Profitability, Eyes Broader APAC and Team Expansion
Singapore’s B2B fintech Aspire announced that it has achieved profitability three months after closing an oversubscribed US$100 million Series C round co-led by Lightspeed and Sequoia Capital SEA. Headquartered in Singapore, Aspire serves over 15,000 businesses, including over 5,000 businesses
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Puneet Chandok Resigns as Head of India and South Asia at AWS
Amazon Web Services (AWS)’ Head of India and South Asia Puneet Chandok has resigned with effect from 31 August after having served in the company since June 2019. According to a TechCruch report, Chandok has plans to join a rival
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Here’s What You Need to Know About the AI-Themed Singapore Fintech Festival 2023
The Monetary Authority of Singapore (MAS) and Elevandi announced that the theme for the upcoming Singapore Fintech Festival (SFF) 2023 would be ‘Applications of Artificial Intelligence (AI) in Financial Services’. Held from 15 to 17 November at the Singapore EXPO,
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Mambu CEO Eugene Danilkis Steps Down Due to “Personal Reasons”, Interim CEO Appointed
Cloud banking platform Mambu announced that its CEO and Co-founder Eugene Danilkis will be stepping down effective immediately. Mambu said that Eugene made the decision to step down after thirteen years at the company for personal reasons. He will continue
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Outlook Remains Optimistic for Singaporean Startups Despite Funding Slowdown
Singapore’s emerging technology sector is expected to continue on its growth path, driven by supportive government initiatives and policies. This will be despite a challenging macroeconomic environment that’s marked by rising inflation, interest rate hikes and a looming global recession,
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India Neobanking Sector Poised for 50.5% Annual Growth Through 2025
India’s neobanking market has been growing at a fast pace, driven by rapid change in technology, growing levels of Internet and smartphone penetration and supportive government initiatives. Accounting and consulting firm Grant Thornton estimates that the Indian neobanking market was
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There Are Only 11 Profitable Challenger Banks In Asia — Here’s The List
Most digital challenger banks around the world are struggling to turn a profit, hampered by high customer acquisition costs, burdensome regulatory compliance requirements and limited revenue streams. Boston Consulting Group (BCG) estimates that a mere 5% of over 450 global
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Cyber Defense is Crucial: Protecting Financial Systems from Modern Attacks
Money and crime have coexisted forever. Robbing a bank is the ultimate staple for robberies since it always makes headlines. Hollywood has made bank heists popular, but that’s not what the financial sector needs to be afraid of. Money is
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Crypto.com Secures License for Digital Payment Token Services in Singapore
Crypto.com, a leading cryptocurrency platform, has announced that it has been granted the Major Payment Institution (MPI) license for Digital Payment Token (DPT) services by the Monetary Authority of Singapore (MAS). This development follows Crypto.com’s previous in-principle approval from MAS
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