Author: Company Announcement

FlexM Pte. Ltd., a global fintech conglomerate, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This milestone marks a significant expansion of FlexM’s regulated financial services, enabling the company to offer cross-border money transfer services to its customers in Singapore. Established in 2015, FlexM has been at the forefront of democratizing financial inclusion, initially operating as a Stored Value Facility to serve the underbanked segment, followed by democratizing access to financial technology for businesses through its Fintech-as-a-Service platform. With the implementation of the Payment Services Act 2019, in 2020 FlexM was granted an…

In the dynamic milieu of Asian finance, EC Markets continues to fortify its standing as a prominent player in the region’s financial landscape, leveraging its well-established presence across pivotal economic centres. With robust operations already in place, the company is now intensifying its efforts in high-potential markets such as Japan, Malaysia, India, and Thailand. This strategic move aligns with Asia’s expanding financial ecosystem, characterised by accelerated digital transformation, growing investor participation, and evolving regulatory frameworks. By strengthening its foothold in these diverse markets, EC Markets aims to capitalise on emerging opportunities, maintain a competitive edge, and harness the potential of…

Through its new licence, the market leading liquidity provider will offer regulated multi-asset liquidity services, including stocks and ETFs, to Indonesian investors. X Open Hub, a leading provider of multi-asset liquidity and technology solutions, is expanding its global reach after securing an official PALN licence to operate in the Indonesian market, marking an exciting new chapter for the company. In another exciting development, the firm, which is the institutional arm of global fintech company XTB, has also secured accreditation from the UAE Securities and Commodities Authority (SCA), allowing it to break new ground and enhance its service offerings in the…

TradeTogether, a company specialising in digital asset management, has been granted in-principle approval for a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The approval allows the firm to move forward in meeting regulatory conditions required for full licensing. TradeTogether plans to expand its fund management activities once it secures the full license, including discretionary mandates for tokenised capital market products under Singapore’s regulatory framework. Originally starting as a robo-advisor for cryptocurrency asset management, TradeTogether has been involved in MAS’ Project Guardian, focusing on regulated tokenisation. The company has secured institutional mandates and aims to surpass…

CapBay Thailand, a supply chain finance and P2P financing platform, and the Office of Small and Medium Enterprises Promotion (OSMEP) have signed a MoU to increase access to alternative financing for SMEs in the country. The agreement, signed at OSMEP’s headquarters, is part of the SME Privilege programme, which has provided financial and business development support since its launch in 2019. Ang Xing Xian, Co-founder and Group CEO of CapBay, and Panita Shinawatra, Ph.D., Deputy Director and Acting Director of OSMEP, formalised the partnership. Dato’ Sri Mohd Mokhtar Mohd Shariff, Chairman of CapBay, stated, “CapBay has facilitated over US$ 900…

Supported by the Luxembourg Government, The Luxembourg House of Financial Technology (LHoFT), and the Asian Development Bank (ADB) Announce the 2nd Edition of Catapult | SE Asia 2025. The LHoFT and the ADB invite fintech startups active in sectors such as AgriTech, InsurTech, Digital Payments, Lending, Remittance, Blockchain, Microfinance, Green Finance, RegTech, and more to apply for Catapult: Inclusion SE Asia – a unique acceleration bootcamp designed to amplify fintech impact across the ASEAN region. Why is the program free to access? This program is part of Luxembourg’s strong commitment to international cooperation. Since 2009, the country has allocated 1%…

Finex started a month-long promotion, offering an engaging trading experience with gifts and a generous 100% rebate. Titled “Get X2”, the promo allows participants to exchange traded lots for valuable gifts and raffle tickets, receiving weekly rebates for every traded lot. Collected tickets will enable participants to join the live draw and compete for the grand prize. The promotion is only available exclusively to verified Finex traders with the Finex Trading application and MetaTrader 5 trading platform. Any existing or new trader automatically becomes a participant. To enjoy the full Get X2 experience, traders must activate rebates. Agung Wisnuaji, CEO…

Squirro, a Switzerland based global leader in AI-driven insights and analytics, announced that its CEO Dorian Selz has been awarded the prestigious Fintech Mentor Award at this year’s Singapore FinTech Festival (SFF). Organized by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA), the award highlights outstanding contributions to the financial technology industry. Recognized as one of the world’s leading FinTech events, this year’s festival brought together over 900 speakers and tens of thousands of participants from around the world to focus on topics including opportunities and risks of AI in finance, next-gen cross-border transactions, and developing…

Libertex, a multi-award-winning online CFD broker, is set to take a leading role at one of the most anticipated B2B events of the year in Southeast Asia. A trusted leader in the trading industry with over 25 years of experience, the company has been confirmed as a Gold Sponsor at iFX EXPO Asia 2024. The exhibition, being held at Centara Grand & Bangkok Convention Centre at CentralWorld in Bangkok, Thailand, from 16-18 September 2024, brings together thousands of C-level executives, fintech innovators, Introducing Brokers (IBs), and some of the largest brands in the world of online trading. As a prominent…

Leading provider of advanced trading technology and liquidity solutions X Open Hub sets new standards in the financial industry, with its all-inclusive liquidity solution. Prioritising execution speed, trade efficiency, and compliance, X Open Hub’s all-encompassing liquidity solution changes the game for brokers and traders alike. At a time when financial industry players face countless challenges, access to deep liquidity pools is essential for offering competitive services and managing risk effectively. X Open Hub’s liquidity solution addresses these needs. By speeding up order execution and offering multiple integration options, superior pricing, transparency and compliance with regulations, the liquidity provider empowers financial…

ActTrader, a leading provider of trading technology and advanced solutions in the brokerage and exchange industries part of Finvasia Group, announces the addition of charting tools from S&P Global Market Intelligence’s ChartIQ, an advanced data visualization and charting solution. The integration fuses ActTrader’s superior trading technology with ChartIQ’s user-centric design to transform the trading experience across all its trading platforms – Windows, Web Trader and Mobile Apps for IOS and Android. With an established presence in the fintech industry rooting back more than 20 years, ActTrader develops institutional-grade trading platforms that meet the discerning needs of today’s traders. ActTrader’s platforms…

WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space. This also marks a shift in WadzPay’s strategy to elevate itself from being a blockchain based virtual asset payments company to a blockchain financial services solutions provider. The decision to venture into the Stablecoin market comes as…

XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance (XDC Trade Network), tokenized gold (Comtech Gold) and tokenized US Treasuries (Yieldteq powered by Tradeteq). Ritesh Kakkad, co-founder of XVC Tech, noted, “TradeTogether approached XVC with a strong emphasis on compliance, which is key in sectors like private credit and trade finance. We believe this focus on compliance will attract more institutional adoption, leading to increased utilization of the XDC…

As the first quarter of 2024 draws to a close, Libertex is thrilled to announce its first accolade of the new year! The established global financial publication PAN Finance has determined Libertex to be the ‘CFD Broker of the Year – Global 2024’ following a rigorous evaluation process conducted by the publication’s highly experienced editorial and research teams. PAN Finance is a trusted source of global financial intelligence with an impressively wide readership across 150 countries. Its ecosystem includes a quarterly magazine, special reports, a news website, and various social media channels. As an organisation, PAN Finance is committed to…

Tiger Brokers has announced a partnership with Australian media fintech Grafa to roll out AI-driven data, news and analysis into its brokerage app. Under the arrangement, Tiger Brokers will incorporate Grafa’s AI-powered newsfeed into its brokerage app, Tiger Trade, which will give users access to data-driven news about US and Australian stocks as well as crypto, economy and forex. “As a majority of our Australian users trade both ASX and US stocks, gaining near-real time insights about the companies they put money behind is as critical as gaining access to the US market,” said Jack Liang, Vice President of Tiger…

As of January 1, 2024, Switzerland Global Enterprise (S-GE) has integrated its Singapore and Jakarta locations into the new Swiss Business Hub Southeast Asia + Pacific. This sees S-GE strengthen its regional presence and consulting expertise in the Southeast Asia & Pacific region. S-GE relies on a global consulting approach in both export and investment promotion and has teams located in the markets relevant to its customers. Against this backdrop, S-GE is strengthening its regional presence in Southeast Asia and the Pacific region: in agreement with SECO and the FDFA, S-GE has integrated its two pre-existing ASEAN and Indonesia Swiss Business…

Singapore Japan Mobile Labs (SJ Mobile Labs Pte Ltd.) was launched in late 2021 to tackle the massive social problem of helping Japanese savers to put their financial assets to work. The team led by co-founders Samantha Ghiotti and Liam McCance both previously at Singlife are combining global fintech talent and local financial services expertise to build a unique proposition. SJML Japan K.K. (a subsidiary of SJ Mobile Labs Singapore) has completed its registration as a financial services intermediary (securities intermediary business), and plans to start offering selected mutual funds to help millennials build long-term assets in late 2022. CEO…

Arf, the first compliant cross-border payment network running on stablecoins, announced the upcoming launch of its innovative product, Arf Credit. Arf Credit will provide an instant working capital credit line for MSBs worldwide. Traditionally, when a money service business (MSB) wants to send money from one country to another, it has to prefund the same amount in the receiving country, bringing about tied capital, high opportunity cost, and operational inefficiencies. What’s more, since cross-border transactions are often considered risky, access to credit has always been a major problem for MSBs. Designed to empower licensed MSBs all over the world, the…

FinLync, a privately held, global fintech company transforming corporate finance and treasury offices through its world-class products, announced that it has closed a US$16 million equity funding round. Point72 Ventures led the financing which included investments from Nyca Partners, former CFO of Palantir and Founding Partner of Friends & Family Capital Colin Anderson, and Plaid Founder William Hockey. FinLync, founded and headquartered in Singapore, brings speed, simplicity and greater transparency as well as control to finance and treasury professionals globally. Through its world-class products, they provide them the infrastructure to unlock more value from their day-to-day operations. This latest funding…

Atlantis, a Singapore-based fintech company has announced the launch of its digital platform for Small and Medium Businesses (SMBs) – BizBank. BizBank’s mission is to empower SMBs by providing them with a comprehensive, technology-based financial and business platform to accelerate their growth in the digital era. In Southeast Asia, SMBs form the backbone of the economy, and account for 70% of GDP and between 52% and 97% of total employment in the region. According to research by Google and Facebook, there are c. 310 million digital consumers in the region, who are fuelling a tremendous growth in online spending. Yet,…