Posts From Fintech News Singapore
Fintech and Insurtech Pocketed Most Funding in Southeast Asia This Quarter
Fintech and insurtech were among the tech segments in Southeast Asia that received the highest investments in this quarter, according to a report by global SaaS-based market intelligence platform Tracxn. The Geo Quarterly SEA Tech Report – Q1 2023 is
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MAS’ Longest Serving Top Chief Ravi Menon Reportedly Stepping Down This Year
The Monetary Authority of Singapore’s (MAS) longest-serving chief Ravi Menon will be stepping down as this year, according to a report by Bloomberg. Ravi, who turns 59 this year, has served for 12 years at MAS and his current term
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Funding Societies Crosses US$ 3 Billion Milestone in SME Loan Disbursals
Southeast Asian SME digital financing platform Funding Societies | Modalku has crossed US$3 billion (S$4.1 billion) in disbursals of financing to SMEs with over 5 million transactions. The company reported that it has disbursed loans to close to 100,000 SMEs
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FWD Singapore Adds Cyber Fraud Coverage to Its Home Insurance
Pan-Asian insurance company FWD Singapore announced the expansion of its home insurance coverage by protecting homeowners from cyber fraud through its complimentary FWD Cyber insurance. Customers who now purchase or renew FWD Home insurance will receive the complimentary FWD Cyber
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UOB and Lazada Collaborate to Offer Loans for Sellers, Co-branded Credit Cards
UOB and Lazada Group will collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets, namely Singapore, Malaysia, Indonesia, Thailand and Vietnam. This will be Lazada’s first partnership with a bank across
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Ryan Reynolds Breaks Into Fintech With Investment in Payments Firm Nuvei
Canadian payments company Nuvei has received an investment from Hollywood actor, producer and entrepreneur Ryan Reynolds. Details of the investment was not disclosed. Nuvei’s card acquiring services is available in more than 200 markets, including direct local acquiring in over
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Luno Shutters Singapore Operations, Users Need to Make Withdrawals by 19 June
Global cryptocurrency company Luno announced that it will cease its operations in Singapore from 20 June 2023 onwards due to a “regular evaluation of its global strategy and presence”. The shocking news comes on the heels of Luno’s Co-founder Marcus
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Thunes Gets Nod for New Payment License in France
Global cross-border payments firm Thunes announced that it has been granted a payment license by the French regulator, enabling it to send payments worldwide on behalf of its French or EU customers and partners. The latest regulatory approval in France
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Volopay Gets In-Principle Approval From MAS for Payment License
Volopay, a Y Combinator-backed corporate cards and payable management startup, has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The firm’s payment services namely account issuance, e-money, domestic money transfer and
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DPT-Licensee Digital Treasures Center Rebrands to dtcpay
Digital Treasures Center, a payment company based on distributed ledger technology, announced that it has rebranded as dtcpay in a bid to reflect its commitment towards digital payments. dtcpay said that the rebrand also aims to unveil its expansion roadmap
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