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    Payments

    Stephen Bowe Joins Paymentology to Lead Product Innovation

    Fintech News SingaporeJuly 3, 2024

    Paymentology, a global issuer-processor, has appointed Stephen Bowe as Chief Product Officer. Bowe, who has over 15 years of experience…

    Crypto

    Singapore is A Global Leader in Crypto Adoption – Here’s Why

    Rebecca OiJuly 3, 2024

    In the heart of Southeast Asia, a small island nation is making giant strides in digital currencies. Singapore, long known…

    Payments

    Former Spenmo Execs Launch Summit to Target Spend Management for SMEs

    Fintech News SingaporeJuly 3, 2024

    Former Spenmo executives announced the launch a new venture, Summit, to target spend management for small to mid-sized companies. Led…

    Digital Assets

    Former Meta Lead Jeannie Lim Named Executive Director at Paxos Singapore

    Fintech News SingaporeJuly 3, 2024

    Stablecoin issuer Paxos has appointed Jeannie Lim as the Executive Director of its Singapore operations, according to a Bloomberg report.…

    FundingIndonesiaLendingThailand

    IFC Explores US$150 Million Loan for KB Kookmin’s Indonesia, Thailand Arm

    Fintech News SingaporeJuly 3, 2024

    The International Finance Corporation (IFC), a member of the World Bank Group, is evaluating a US$150 million loan package for…

    Various

    Singapore Gov’t Should Not Interfere in GIC Investments, Says Minister

    Fintech News SingaporeJuly 3, 2024

    The Singapore government should not direct or interfere with sovereign wealth fund GIC’s investment decisions, emphasised Second Minister for Finance,…

    Various

    Revolut Singapore Doubles Revenue in 2023, Sees 77% Growth in Users

    Fintech News SingaporeJuly 2, 2024

    Neobank Revolut’s annual revenue in Singapore more than doubled compared to 2022, contributing to the group’s financial performance. This marks…

    FundingIndonesiaLending

    Validus Secures US$17.57M Debt Financing from Oikocredit and FMO

    Fintech News IndonesiaJuly 2, 2024

    Validus Group, a digital SME financing platform based in Singapore, has secured a total of US$17.57 million in debt financing…

    Payments

    Ant International Acquires MultiSafepay to Bolster European SME Payments

    Fintech News SingaporeJuly 2, 2024

    Ant International has acquired Amsterdam-based payment service provider MultiSafepay, integrating it into its Antom division, a payment and digitisation services provider.…

    Digital Assets

    Paxos First in Singapore to Gain Full MAS Approval to Issue Stablecoins

    Fintech News SingaporeJuly 2, 2024

    Paxos has secured the full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins under the regulator’s upcoming…

    Funding

    Singapore’s Loyalty Platform Heymax.ai Bags US$2.6 Million Seed Funding

    Fintech News SingaporeJuly 2, 2024

    Heymax.ai, a Singapore-founded loyalty platform, has announced the completion of a US$2.6 million (SG$3.5 million) seed funding round led by…

    Various

    Former Backbase Exec Mark Geneste Joins Mambu as Chief Revenue Officer

    Fintech News SingaporeJuly 1, 2024

    Cloud banking platform Mambu has announced the appointment of Mark Geneste as Chief Revenue Officer. Geneste will lead the commercial…

    Various

    Singapore’s Risk Assessment Highlights New Terrorism Financing Concerns

    Fintech News SingaporeJuly 1, 2024

    Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of…

    Various

    CIMB Singapore Users Report Account Balance Errors, Bank Assures System Safety

    Fintech News SingaporeJuly 1, 2024

    CIMB Singapore encountered a technical issue on 29 June 2024, affecting the reflection of certain transactions in the bank account…

    Digital Transformation

    98% of Banks Worldwide Plan Core System Upgrades to Accelerate Digital Transformation

    Fintech News SingaporeJuly 1, 2024

    Nearly three-quarters of banks globally continue to run on legacy core banking systems, which fail to deliver on transformation goals.…

    BlockchainWealthtech

    MAS Advances Asset Tokenisation with Next Phase of Global Layer 1

    Fintech News SingaporeJuly 1, 2024

    The Monetary Authority of Singapore (MAS), alongside international financial institutions, has successfully completed the first phase of the Global Layer…

    Various

    Cassandra Goh to Lead Silverlake Axis as Group CEO

    Fintech News SingaporeJuly 1, 2024

    Silverlake Axis, a Singapore Mainboard-listed provider of enterprise and digital financial services solutions, has announced that Cassandra Goh Shiou Ling…

    AIStudies

    APAC’s Developing Countries Leading the Way in Generative AI Adoption

    Fintech News SingaporeJuly 1, 2024

    Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their…

    Thailand

    Thailand, Japan, Turkey Introduces Digital Nomad Visa Scheme

    Fintech News SingaporeJune 28, 2024

    Governments worldwide are launching digital nomad visa programs to boost local economies, attract global talent, and adapt to the rise…

    Cloud

    OceanBase Cloud Database Will Be Available on Google Cloud Marketplace

    Fintech News SingaporeJune 27, 2024

    OceanBase, a distributed relational database developed by Ant Group, announced that its range of cloud database products and services will…

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