Blog
Latvian Startup Jeff App Raises $1 Million for First Market Launch in Vietnam
Jeff App, a Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round. Jeff App said that the funds will be used to launch new products and fuel growth
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In Singapore, Digital Wallets are Set to Overtake Credit Cards and BNPL is Fast-Growing
COVID-19 has spurred a spike in e-commerce globally, propelling with it digital payment adoption. In Singapore, digital wallets are set to overtake credit cards as the preferred online payment method over the next four years, and buy now pay later
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6 Key Takeaways From MAS’ New Technology Risk Management Guidelines
With the rising numbers and scale of cyberattacks, the Monetary Authority of Singapore (MAS) revised its technology risk management (TRM) guidelines on January 18,2021. The TRM guidelines apply to all financial institutions (FI) that MAS regulates, ranging from large ones
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Insurtech Qoala Acquires Thai’s FairDee; Expands to Thailand
Qoala, an insurtech startup backed by the likes of Sequoia and MDI Ventures announced today the acquisition of FairDee, a Thai insurtech to expand their reach into the Thailand market. Since its 2018 launch, Qoala said that it now processes
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eKYC Firm Jumio Secures $150 Million From Great Hill Partners
Jumio, a provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. This infusion represents the single largest funding
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Reports of the Death of Challenger Banks Are Greatly Exaggerated
Against the backdrop of the cacophony of noise and emerging trends in Asia, it’s difficult even for the keenest of observers to determine what trends will shape the future of fintech in Asia. On the 6th episode of Fintech Fireside
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From Relationships to Platforms – the Shift in Corporate Banking
Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This shift has also been accelerated by the COVID-19 pandemic, with lending, trade finance and cash management functions all under pressure
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Ripple Appoints Former Uber Exec to Lead Southeast Asian Operations
Ripple announced the appointment of Brooks Entwistle as Managing Director of Southeast Asia to lead and scale the company’s operations in the region. Based out of Ripple’s Southeast Asia headquarters in Singapore, Brooks Entwistle brings three decades of senior management
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APAC Insurers Must Ramp up System Modernization Efforts
The COVID-19 pandemic has accelerated the adoption of digital technologies in all sectors and across all regions. In Asia Pacific (APAC), insurers have recognized the importance of system modernization for the long-term success of their business. Yet, most are still
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OCBC Bank Rolls Out Face Verification for ATM Banking Transactions
OCBC Bank has introduced the use of facial biometrics for ATM services, eliminating the need to carry around an ATM card. The bank claims to be the first in Southeast Asia to enable the use of face verification on its
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