Posts From Fintech News Singapore
Nuvei CEO Philip Fayer to Remain at Helm as Company Goes Private
Canadian payments firm Nuvei Corporation is set to go private following a definitive agreement for a buyout by Advent International, a global private equity investor. Philip Fayer, Nuvei’s Chair and CEO, will continue leading the company, alongside his broader leadership
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Payment and Crypto Identified as Top Targets for Identity Fraud in Q4 2023
In Q4 2023, the payment and cryptocurrency sectors were the most targeted industries by identity fraud attempts, accounting for 47% and 32% of these attacks, respectively, a new report by Israeli identity verification company AU10TIX says. The rise of attacks
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Binance Sets up First-Ever Board in Wake of Legal Settlements
Binance Holdings, operator of a crypto exchange of the same name, has established its first board of directors. The announcement comes as the company seeks to navigate through the aftermath of legal challenges in the United States, including a guilty
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Fintech M&A in Asia-Pacific Poised for Rebound After 2023 Nosedive
Fintech mergers and acquisitions (M&A) in Asia-Pacific (APAC) declined by nearly 15% in Q3 2023, with total deals dropping from 141 in Q2 2023 to 132 in Q3 2023, a report by market data and intelligence platform S&P Global Market
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Swedish Firm 6G Digital Acquires 25% Stake in Singaporean Fintech FlexM
6G Digital Private Limited, a Swedish cloud-based integrated digital ecosystem, has acquired a 25% stake in Singaporean fintech FlexM in a deal valued at US$ 12.5 million with potential talks of a full takeover by 2024. Operating in six countries
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Grab to Discontinue GrabPay Card in June, Citing User Preference for PayLater, Wallet
Southeast Asian ride-hailing superapp Grab has declared that its GrabPay Card service will be phased out, effective 1 June 2024. The decision affects both digital and physical versions of the card. Starting from 1 April 2024, Grab will cease accepting
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COSMIC Platform Goes Live in Singapore to Combat Financial Crime
The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction. The system, which became operational today
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Alchemy Pay Invests in LaPay to Leverage Its UK Payment License
Alchemy Pay, a global crypto payment service provider, has invested in UK-based fintech LaPay to expand its global Web 3.o payment solutions. The financial details of the investment were not disclosed. LaPay, which operates under the regulatory oversight of the
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Paysend Leverages Currencycloud Partnership for Worldwide Expansion
London-based fintech Paysend has expanded its partnership with Currencycloud, a provider of B2B embedded cross-border solutions, to extend its international money transfer services worldwide. The collaboration between Paysend, that specialises in international fund transfers, and Currencycloud, which facilitates business in
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Angela Toy Assumes COO Position at Golden Gate Ventures
Southeast Asian venture capital firm Golden Gate Ventures announced the promotion of Angela Toy to Chief Operating Officer (COO), according to TechNode Global. Angela Toy, previously a Partner focused on Portfolio Growth at Golden Gate Ventures, steps into the newly
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