Blog

LifeSG App Had Close to a Million Transactions Valued at S$41 Million Since Nov 2021

Close to 900,000 transactions, totaling over S$41 million, have been made through GovWallet on the LifeSG mobile application since the launch of the jointly developed digital payment service in November 2021 as Singapore aims to go cheque-free by 2025. LifeSG

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Nium Names Ramana Satyavarapu as Its Chief Technology Officer

Global payments platform Nium announced the recent appointment of Ramana Satyavarapu as Chief Technology Officer (CTO) and he will be responsible to drive the firm’s global engineering, strategy and technology vision. Satyavarapu will manage the company’s core technology strategy and

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One in Three BFSI Customers Are Underwhelmed By Their Digital Offerings

Accustomed to the highly personalized digital experiences they get from bigtechs like Google and Amazon, banking and insurance customers are increasingly growing dissatisfied with the services they receive from their traditional financial services providers. This suggests a gap between customers’

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Visa: More Than One Third of APAC Consumers Likely to Use DeFi in Next 6 Months

In Asia-Pacific (APAC), though decentralized finance (DeFi) remains a nascent sector, adoption of DeFi services among consumers is growing rapidly, fueled by the region’ burgeoning blockchain and cryptocurrency startup scene. A 2022 survey conducted by Visa and YouGov, which polled

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Singlife With Aviva Bolsters Its Financial Advisory Services Team

Singlife with Aviva’s Navigator Investment Services has bolstered its management team as part of its plans to develop its financial advisory services. The new appointments to Navigator’s leadership team include Wei Lin Chin, who joins as Head of Strategy and

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Atome Financial Secures US$100 Million Debt Facility From HSBC Singapore

Atome Financial announced that it has entered into an US$100 million debt facility with HSBC Singapore to fuel its flexible deferred payments business across Asia. The fintech company is an umbrella business unit made up of two brands; buy now

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Australian Central Bank Begins CDBC Pilot to Explore Its Use Cases

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC). The DFCRC is a 10-year, AUD$180 million research program funded

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Syfe Officially Launches in Australia, Offers Digital Brokerage Services

Singaporean robo advisor Syfe announced that it has officially launched in Australia, its third market after Hong Kong in the last quarter. Syfe will first roll out its digital brokerage offering and has built a unique offering for investing into

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MAS’ Singapore Fintech Festival Makes Its Return in 2022 as a Physical Event

The Monetary Authority of Singapore (MAS) has announced the return of the Singapore Fintech Festival (SFF) as an in-person event to be held from 2 to 4 November 2022 at the Singapore EXPO. SFF 2022 is organised by MAS and

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Wallex Names Andrew Marchen as Co-founder, Finalises Merger With M-DAQ

Wallex, a B2B FX and cross-border payment platform, announced that it has named its current Chief Technology Officer Andrew Marchen as its Co-founder. Andrew who has been Wallex’s CTO since 2019 will join former COO and current CEO Hiro Kiga

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