Blog
Aleta Planet to Enable Merchants to Accept “Discover and Diners Club Cards” for E-Commerce Payments
Aleta Planet, a fast-growing Singapore-based fintech, has partnered with Discover Global Network, the international payments brand of Discover Financial Services, to enable merchants in Asia Pacific to expand e-commerce payment acceptance and grow their customer volume. Starting from Q2 2021,
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UK Fintech Currencycloud Sets up New APAC Headquarters in Singapore
Currencycloud, a provider of B2B embedded cross-border solutions, announced that it has opened an Asia Pacific headquarters in Singapore. The new office, located in Raffles Quay, will serve as a hub to drive the London-based fintech’s expansion throughout the wider
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The Future of Finance: How to Cope With Open Banking In Emerging Asia
For more than a decade, Asia has been the largest regional banking market and as the continent’s massive middle class continues to grow, McKinsey expects personal financial assets in the region to reach US$69 trillion by 2025, or 75% of
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R3’s Fund Records US$10 Million in Investment Into 20 Early-Stage Blockchain Startups
Global enterprise software firm R3’s Development Fund announced that it has hit the US$ 10 million mark in capital deployed across over 30 investments in more than 20 promising early-stage blockchain and confidential computing companies. The fund invests in startups
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HSBC Executes Singtel’s Billion Dollar Digital Asset Issuance on Marketnode’s Platform
HSBC Singapore and Marketnode successfully completed a digital bond issuance on Marketnode’s digital asset issuance, depository and servicing platform. Marketnode is a joint venture between Singapore Exchange (SGX) and Temasek. The transaction with Singtel is said to represent the largest
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Bank Rakyat Indonesia Bags the Celent Award for Financial Inclusion
Celent, a global research and advisory firm for the financial services industry, announced Bank Rakyat Indonesia (Bank BRI) as the winner of the Celent Model Bank 2021 Award for Financial Inclusion. The award recognizes several initiatives from Bank BRI that
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Mambu: Significant Misunderstanding Hampers Open Banking Adoption
Most customers still don’t understand what open banking is and its benefits, a misunderstanding that’s hampering adoption, found a new survey by Mambu, a software-as-a-service (SaaS) banking platform provider. Out of 2,000 global banking customers surveyed, more than half (52%)
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STACS Raises S$4.8 Million Ahead of Series A Funding Round
Singaporean blockchain development company Hashstacs (STACS) announced the completion of its US$ 3.6 million (S$ 4.8 million) pre-Series A funding round, bringing its fundraising total to more than US$ 6 million (S$ 8 million). The fundraise led by Wavemaker Partners
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India’s Razorpay Triples its Valuation to $3 Billion as It Eyes South East Asia
Indian payments firm Razorpay announced that it has secured US$160 million during its Series E funding round which has tripled its valuation to US$ 3 billion. The funding round was co-led by GIC, Sequoia along with Ribbit Capital and Matrix
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R3 Inks Deal With IMDA and Tramés to Build a Blockchain Based Supply Chain Solution
R3, the enterprise software firm, Tramés, a Singapore-based supply chain orchestration technology startup, and Singapore’s Infocomm Media Development Authority (IMDA), signed a Memorandum of Intent (MOI) to accelerate global trade and supply chain digitalisation. The MOI will support the collaboration
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