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,…

Fast-growing fintech company Aleta Planet, a partner of UnionPay International (UPI), announced the appointment of Stephen Richards Evans as its Regional CEO for Europe, Middle East and Africa (EMEA) effective from 10 November 2020 onwards. The banking veteran joins the homegrown start-up at a time when the company is looking to push the frontiers on digital payments and has bold plans for expansion in the coming years. In his new role, Mr Richards Evans will help drive product growth for Aleta Planet in EMEA and spearhead new markets in the West. Prior to joining Aleta Planet, Mr Richards Evans was…

Skyhook Capital Pte Ltd (Skyhook), the Singapore headquartered fintech company focusing on the distribution of investment-grade digital assets to institutional and retail investors, has entered into a strategic partnership with Digital Asset Shared Ledger (DASL), the leading global digital asset liquidity network for financial institutions built on Corda. Skyhook’s “Digital Assets Wealth Network” or Skyhook DAWN™, is an industry-standard white-labelled SaaS platform enabling the issuance, distribution and custody of digital securities with direct integration to the e-wealth systems used by financial institutions. In doing so, Skyhook DAWN™ acts as a linchpin allowing financial institutions to manage wealth portfolios that incorporate…

Singapore fintech BondEvalue has launched the BondbloX Bond Exchange (BBX), a blockchain-based exchange that makes possible fractional ownership of bonds by allowing them to be traded in smaller denominations of US$1,000. The company said that this paves the way for many more investors to buy and sell bonds, making bond trading much faster, highly transparent and at lower cost. In Asia and Europe, bond trading is traditionally the preserve of affluent individuals, institutions and corporations as they are typically traded in unit size US$200,000 in the secondary market. Trading is also carried out over the counter (by phone) making for…

Singapore-based Thunes, a cross-border payment provider, has partnered with Lion International Bank (LIB) to launch a cash pickup service in Ethiopia. Presently, Thunes facilitates the transfer of remittances to Ethiopia via Hello Cash wallets and bank accounts. Through the partnership, funds recipients can now collect cash from over 260 LIB branches across the country. Peter De Caluwe, CEO of Thunes commented, “The partnership will enable Thunes to increase remittance options available to Ethiopians, and extend our reach in the country. This is a significant step towards improving financial access for underserved segments of the population, such as the unbanked and…

Onde, a tech company powering over 200 ride-hailing companies in 70 countries, announces an online edition of Ride.Right.Now – a conference for ride-hailing entrepreneurs. This year’s topic is Hack the Crisis: Business Tips for Post-covid Era. The online event is to happen on July 23, 2020. The event will gather ride-hailing entrepreneurs, stakeholders, and experts from around the globe. Speakers will share insights and best cases on how to survive the crisis that has hit the mobility industry. $Registration is free of charge. Ride.Right.Now will feature talks with mobility and innovation trend-watchers, discussions of the opportunities emerging as the world…

In a statement issued by the Association of Banks Singapore, the association reiterated that banks in Singapore are ready to support landlords who are facing income constrains and cashflow issues from the rental relief measures under the proposed COVID-19 (Temporary Measures) (Amendment) Bill. The association said that landlords facing cash flow difficulties can already apply to banks to defer principal payments on their mortgages up to 31 December 2020 and to extend the loan tenure by up to the corresponding deferment period if they wish. In addition, individual landlords who are required to provide relief to their tenants under the…

F10 FinTech Incubator & Accelerator expanded to Singapore this year to support pre-seed and seed-stage FinTech, RegTech as well as InsurTech Startups while stimulating worldwide collaboration. The first batch of the P2 «Prototype to Product» program in Singapore will start in May 2020 and we have now selected the Top 10 Startups for this Incubation Program. Earlier this year, F10 – THE HOME OF FINTECH opened an office in Singapore and brought the Swiss expertise with a local team to the Asian FinTech hub to run the renowned P2 «Prototype to Product» Startup program. Over 200 FinTech, RegTech and InsurTech…

“Expanding our Horizon” – under this motto Netcetera expands to Singapore in 2020. The Swiss software company and expert for digital payment solutions implements its global growth strategy with concrete measures and opened an office in Singapore in March. In addition to the office in Dubai, they want to advance further East with their highly secure and scheme-certified payment products. In March 2020, Netcetera opened its fifteenth location with an office in Singapore. Singapore is considered the financial capital and fintech hub of the region and is another step towards the East for Netcetera. “With Singapore, we are setting the…

Finastra has crowned Team ‘WonderTech’ the grand prize winner of its largest-ever global fintech hackathon on its open development platform, FusionFabric.cloud. The Manila-based team was selected for the top honor for its ‘Agree Farm App’ from among five category winners at Finastra Universe New York. The app, which aims to connect rural farmers in the Philippines with access to bank loans, was chosen by an audience of senior professionals representing financial institutions. The team’s app was built using open APIs on FusionFabric.cloud, Finastra’s open development platform. Team ‘WonderTech’ consisted of four young professionals and university students in Manila: Michael Puzon,…

OCBC announced today the roll-out of cheque encashment service across all its ATMs at 23 branches. Since February 2020, customers have been able to encash cheques – for up to a maximum of $30,000 in a single cheque – by depositing them into the ATM to instantly get cash. This capability enables the ATMs to process 90 percent of all the cheques usually encashed at OCBC Bank branch teller counters. Even as Singapore pushes to become cheque-free by 2025, cash cheques continue to be used by small and medium-sized enterprises (SMEs), typically to pay staff salaries, get cash for daily…

After seeing an increase in demand from customers in the Asia Pacific region, RavenPack, a market leader in NLP and big data analytics, has decided to set up a dedicated office in Sydney, Australia Heading up the expansion will be Justin Amos, former Director of Emerging Technologies at PwC in Australia and a successful entrepreneur in the financial technology sector with 20 years in global capital markets experience. RavenPack’s expansion into Asia Pacific meets a rise in demand for its data analytics from players in the major established financial centers of the region as well as emerging economies. “We are…

Intercontinental Exchange, Inc., a an operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of the Bakkt™ Bitcoin (USD) Cash Settled Monthly Futures contract. The new contract will be listed on ICE Futures Singapore and cleared by ICE Clear Singapore, which are regulated by the Monetary Authority of Singapore. Bakkt Bitcoin Cash Settled Monthly Futures will be settled against data from the physically delivered Bakkt Bitcoin (USD) Monthly Futures contract, the first fully regulated futures market for digital assets. “Our new cash settled futures contract will offer investors in Asia and…

The Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) will come together for the first time as SFF x SWITCH. Running from 11 to 15 November, this event will gather the global innovation and business community in Singapore. There will be over 400 speakers, more than 900 exhibitors, 41 international pavilions, and about 60,000 participants from 130 countries. Sustainability and Climate Change is the overarching theme of the combined conference this year, given the growing calls for the technology and financial sectors to be enablers and change agents for sustainability. This theme is reflected in…

BASIS ID, the Estonia-based startup dedicated to ease the hurdles from customer onboarding and KYC will co-host with RegPac an event during the Singapore FinTech Festival. Given the tightened regulatory controls arising from recent scandals with the likes of 1MDB, BASIS ID enjoys a market leader position by offering a KYC service that exactly meets the needs from today’s landscape. By offering an agile yet efficient KYC tool, BASIS ID is making client onboarding seamless. The fact that the Monetary Authority of Singapore (MAS) is combining its capabilities with other government bodies to host the first ever integrated SFF X…