Blog
Uncovering Why APAC Digital Banks Aren’t Making Money
In response to the evolving demands of customers and the need to address the limitations of traditional retail banking, there has been a significant rise in the number of digital-first banks operating in the Asia Pacific (APAC) territories. With over
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StanChart Embarks on Layoffs Across Singapore, London and Hong Kong Hubs
Standard Chartered has begun the process of cutting more than 100 jobs across its Singapore, London and Hong Kong offices to trim costs by more than US$1 billion by 2024, according to a Bloomberg report. Previously, the bank had aimed
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AWS and Mambu Share Their Guide to Cloud Migration for Incumbent Banks
In today’s rapidly evolving economic environment, businesses need to be able to adapt quickly to changing market and consumer demands. This is especially true for traditional banks and financial institutions experiencing pressure to offer the same level of agility as
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Antler Closes US$285 Million Fund to Focus on Series A and Beyond
Antler, a Singapore-based business incubator and startup accelerator, has closed a US$285 million emerging growth fund to support founders across its global footprint. The Antler Elevate fund, which will be managed from its offices in London, Singapore, and New York,
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Most Singaporeans View Cashless Payments as the Most Eco-Friendly Choice, Says Visa
Visa study found that nearly nine in 10 Singapore consumers consider cashless payment methods, including cards, mobile wallets and mobile banking, to be the most eco-friendly The Visa Consumer Payment Attitudes study highlighted the increased importance consumers in Singapore place
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SEC Files Emergency Motion to Freeze Binance’s U.S. Assets
The U.S. Securities and Exchange Commission has filed an emergency action application seeking a temporary restraining order to freeze the U.S. assets of cryptocurrency exchange Binance. The SEC said that it wants to ensure that Binance.US customers’ assets are protected
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Sequoia India and SEA Rebrands as Peak XV Partners Following Three-Way Split
Sequoia Capital (US/Europe), Sequoia China as well as Sequoia India and Southeast Asia have decided to become independent firms with distinct brands. Since inception, Sequoia Capital (US/Europe), Sequoia China and Sequoia India/SEA have been built as separate businesses with independent
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Circle Singapore Gets Full License to Offer Digital Payment Token Services
Circle Singapore, a peer-to-peer payments technology company that manages stablecoin USDC, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services, alongside cross-border money
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Thunes Pockets Over US$60 Million in Series C to Expand Global Footprint
Global cross-border payments firm Thunes has raised more than US$60 million during its Series C funding round led by hedge fund Marshall Wace with support from Bessemer Venture Partners and a newly raised Southeast Asian private equity firm 01Fintech. Reports
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Razer Merchant Services Secures Visa Acquiring License in 3 ASEAN Countries
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has secured Visa’s Direct Acquiring license in Malaysia, Singapore and the Philippines, as part of a regional partnership. Simultaneously, RMS is now certified with the Visa Token Service (VTS) to
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