Posts From Fintech News Vietnam
Latvian Startup Jeff App Raises $1 Million for First Market Launch in Vietnam
Jeff App, a Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round. Jeff App said that the funds will be used to launch new products and fuel growth
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How COVID-19 Served as a Catalyst for Digital Insurance in Vietnam
In Vietnam, COVID-19 has been a catalyst for digital transformation in the insurance sector, forcing incumbents to ramp up their digital capabilities and embrace technology. Post and Telecommunication Joint Stock Insurance Corporation (PTI), one of the Vietnam’s top three non-life
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Competition Heats up in Vietnam’s Mobile Payment Landscape
Competition for Vietnam’s young, digitally savvy population is heating up in the mobile wallet and digital payment space. Over the past year, no less than 9 non-bank organization joined the sector and regulatory changes introduced in 2020 could very well
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Vietnamese Digital Bank TNEX Selects AWS for Its Cloud Services
TNEX, the digital banking arm of Vietnam Maritime Commercial Joint Stock Bank (MSB), announced that it has selected Amazon Web Services (AWS) as its preferred cloud provider. MSB, one of Vietnam’s commercial banks, was said to have been built TNEX
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Open Banking Makes Inroads in Vietnam
In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape. So far, at least two local banks have launched developer portals and are
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Swiss IT Firm Zühlke Expands Its Global Network With New Vietnam Office
The Zühlke Group, a Swiss-based IT service management company, announced the opening of a new office in Ho Chi Minh City, Vietnam scheduled for the first half of 2021. This latest addition has grown its network to 16 offices in
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MoMo Eyes Super App Status With the Close of US$100 Million Funding Round
Vietnamese e-wallet MoMo announced that it had raised US$100 million during its Series D funding round co-led by Goodwater, a Sillicon Valley fund and Warburg Pincus, according to a report by Reuters. New investors include Goodwater Capital, Kora Management and
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Contour Pilots Blockchain-Based Transaction in Vietnam
Contour, a blockchain trade finance network that’s formerly known as Voltron, announced that it has completed a pilot transaction between two textile companies with its blockchain network. The transaction was conducted between Tainan Spinning based in Taiwan and Century Synthetic
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Vietnam’s Financial Sector Ramps up Digitisation Efforts
In Vietnam, COVID-19 has driven a sharp upturn in demand for tech infrastructure and digital capabilities as banks accelerate their digital transformation, experts said during a panel discussion. During a webinar hosted by Finastra, experts from the industry shed some
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Shinhan Bank Vietnam Taps Finastra to Bolster Its Trading and Risk Platforms
Finastra, a financial services software and cloud solutions provider, announced that Shinhan Bank Vietnam has chosen to integrate its trading and risk platforms with the former’s Fusion Kondor and Fusion Risk solutions. The flexibility and efficiency offered by these solutions
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