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    Digital TransformationIndia

    Tech Mahindra and Finastra to Accelerate Corporate Bank Digitalisation

    Fintech News SingaporeAugust 5, 2024

    Tech Mahindra, a global technology consulting and digital solutions provider, has announced a strategic partnership with financial software provider Finastra…

    Digital AssetsPayments

    MAS Awards HashKey OTC License for Crypto Payments

    Fintech News SingaporeAugust 5, 2024

    HashKey Technology Services (HashKey OTC), the over-the-counter trading arm of HashKey Group, has been granted a Major Payment Institution license…

    MalaysiaRegtech

    ADVANCE.AI Expands ‘Know Your Business’ Service in Singapore and Malaysia

    Fintech News SingaporeAugust 1, 2024

    ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has expanded its capabilities in Singapore…

    FundingPayments

    Aleta Planet Secures Funding from National Pulse for Middle East, Africa Expansion

    Fintech News SingaporeAugust 1, 2024

    Aleta Planet, a Singapore-based fintech firm, has secured funding from Dubai’s National Pulse to enhance cross-border payment services for businesses…

    Payments

    Nium Boosts Cross-Border Payments with Local Currency Support in 40+ Countries

    Fintech News SingaporeAugust 1, 2024

    Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with…

    FundingRegtech

    Hawk AI Secures Additional Series B Funding from Macquarie Capital

    Fintech News SingaporeAugust 1, 2024

    Hawk, a provider of AI-driven fraud prevention and anti-money laundering (AML) technology, has secured additional Series B funding with Macquarie…

    AIDigital TransformationVietnam

    Backbase Sets Up Its First Global AI Center in Vietnam

    Fintech News VietnamJuly 31, 2024

    Digital banking software provider Backbase has launched its first global Center of Excellence (COE) for Artificial Intelligence (AI) in Ho…

    Digital TransformationSponsoredStudies

    Mambu: Banks Must Rethink Systems, Not Just Digitise Old Processes

    Fintech News SingaporeJuly 31, 2024

    The banking industry is undergoing a rapid transformation, driven by technological advancements and changing customer expectations. While many banks have…

    MalaysiaPayments

    M-DAQ Acquires Malaysian B2B Payments Provider to Expand ASEAN Presence

    Fintech News SingaporeJuly 31, 2024

    M-DAQ Global, a fintech company based in Singapore, has announced the acquisition of Easy Pay Transfers Sdn. Bhd., a licensed…

    Digital Banking

    GXS Bank Eyes March 2027 Profitability, Targets US$3B Deposits and US$2B Loans

    Fintech News SingaporeJuly 31, 2024

    GXS Bank, a digital bank backed by Grab Holdings and Singtel, aims to achieve profitability by March 2027, according to…

    Digital Banking

    Charles Wong Departs as GXS Bank CEO After Four-Year Tenure

    Fintech News SingaporeJuly 31, 2024

    Charles Wong, who has served as CEO of GXS Bank for four years, announced his decision to step down from…

    CryptoDigital Assets

    Winklevoss Twins’ Gemini Partners with Rakkar to Expand Institutional Crypto in Asia

    Fintech News SingaporeJuly 30, 2024

    Gemini, an American crypto exchange founded by twins Tyler and Cameron Winklevoss, and Rakkar, a digital asset custodian in Asia,…

    Funding

    Temasek Prioritises U.S. Over China in US$30 Billion Investment Strategy

    Fintech News SingaporeJuly 30, 2024

    Singapore’s state-owned investment company Temasek is set to invest up to US$30 billion into the U.S. economy over the next…

    Various

    MAS Board Welcomes Chee Hong Tat as Deputy Chairman

    Fintech News SingaporeJuly 30, 2024

    The Monetary Authority of Singapore (MAS) has appointed Chee Hong Tat, Minister for Transport and Second Minister for Finance, as…

    IndonesiaLending

    GoTo Expands TikTok Partnership with ‘Buy Now, Pay Later’ Service

    Fintech News IndonesiaJuly 30, 2024

    Indonesian tech company GoTo Group has expanded its partnership with TikTok by introducing a “Buy Now, Pay Later” (BNPL) service,…

    InsurTech

    Income Says Chairman Recused from Morgan Stanley Selection in Allianz Deal

    Fintech News SingaporeJuly 29, 2024

    The chairman of Income Insurance Limited Ronald Ong recused himself from the board’s decision to appoint Morgan Stanley as the…

    IndonesiaVarious

    Indonesia’s Bank Commonwealth to Face Mass Layoffs Following OCBC Takeover

    Fintech News IndonesiaJuly 29, 2024

    Indonesia’s Bank Commonwealth will lay off 1,146 employees following its acquisition by Singapore’s OCBC, a deal finalised two months ago…

    Payments

    Ant Group’s 2C2P Reduces Losses by 83% in 2023

    Fintech News SingaporeJuly 29, 2024

    2C2P, a Southeast Asian payments company, reported a 83% reduction in losses for the fiscal year ending 31 December 2023.…

    Cambodia

    5 Fintech Companies Serving the Cambodian Market to Watch in 2024

    Fintech News SingaporeJuly 26, 2024

    The Cambodian fintech sector is set to grow significantly, driven by government support and efforts to encourage innovation and adoption…

    Payments

    Cash Transactions in Singapore Projected to Fall to 7% by 2027, Says Worldpay

    Fintech News SingaporeJuly 25, 2024

    The use of cash in Singapore is expected to decline significantly by 2027, according to the 2024 Global Payments Report…

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