Big Data
Accelerators Aren’t Helping Fintechs, So DBS Banks On Problem Matchmaking Instead
In DBS Bank’s quest to keep up with the ever-evolving fintech trends and stay ahead of its banking contemporaries, they have launched a programme that would play matchmaker between them or their corporate clients’ fintech problems with the right startups
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UOB Announces AI-Based App That’ll Give Financial Advice Based on Your Spending Habits
UOB Bank today announced the launch of its pan-regional engagement lab (eLab), with a goal of helping the bank converse with its consumers in a more personalised manner. eLab is a dedicated unit set up by UOB that aims to use
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Singapore Credit Fintech Startup AsiaCollect Expands into India by Acquisition
Singapore-based AsiaCollect moves to expand its integrated credit management services into other Southeast Asian regions, and have gone the route of local acquisitions to make this happen more quickly. This move follows a US$4.5 million fundraising round led by global
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How Singapore Measures Up To The Latest Fintech Buzzword: Artificial Intelligence
It’s been quite a few years since huge parts of our lives have ported over to digitalisation, and almost by accident, many organisations have accumulated swaths of data that they’ve more recently just realised could be turned into valuable analytics.
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Indonesian Credit Score Fintech Raised USD30 Million Series B to Expand in Southeast Asia
Jakarta based FinAccel has raised a USD30 million Series B equity investment round led by Square Peg Capital, with participation from new investors MDI Ventures and Atami Capital, and from existing investors Jungle Ventures, Openspace Ventures, GMO Venture Partners, Alpha
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UOB’s Latest Partnerships Reveal the Bank’s Strategy to Stay Relevant
An e-wallet and an artificial intelligence solutions company combines with a traditional bank. United Overseas Bank Limited (UOB) is recently attempting to keep abreast of current banking trends by striking relationships with more agile fintech companies. It has been said
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Credit Score Solution Provider CredoLab Raises US$1 Million
CredoLab, a fintech provider of highly predictive, mobile-based alternative credit scoring solutions for banks, consumer finance companies, and retailers, announced it has closed a US$1 million investment from established global venture capital firm Walden International. CredoLab utilizes its proprietary mobile application, CredoApp, to extract
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Singapore FinTech appoints former StanChart Singapore Chief Executive as Chairman
Singapore-based FinTech start-up, Minterest announces the appointment of Mr. Lim Cheng Teck as Chairman of the Board of Directors at Minterest. Mr. Lim retired as ASEAN Vice Chairman of Standard Chartered Bank in May 2017. He was with the bank for over 28 years
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Unified Data Platform Provider iguazio Opens APAC Headquarters in Singapore
iguazio a data platform powering continuous analytics and event-driven applications, announced the opening of its Asia Pacific (APAC) regional headquarters in Singapore. iguazio announced Singapore-based Grab as a marquee customer in September 2017 and is rapidly growing its customers across industries including financial services, automotive,
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Why Asia Needs Alternative Credit Scoring
While progress has been made in expanding financial inclusion, there are still billions of people in the world who do not have access to basic banking services, including access to credit. Between 2011 and 2014, the number of people worldwide
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