Blog
Bank of Singapore Taps SAS’ AI-Powered Communications Surveillance Analytics
American multinational developer of analytics software SAS announced that Bank of Singapore, a member of the OCBC Group, will implement its artificial intelligence (AI) powered communications surveillance analytics in their training and monitoring of client representatives’ performance. SAS’ Trade and
Read More
Insurtech Startup CXA Sells Brokerage Arm As it Pivots to SaaS Business
Singapore-based insurtech company, CXA Group will be restructuring by selling off its brokerage arm to focus solely on the development and global expansion of its enterprise SaaS business. CXA will be selling its brokerage business in Singapore and Hong Kong
Read More
Validus’ Thai Entity Secures Crowdfunding License From Local Regulator
SME crowdfunding platform Siam Validus has been granted a debenture crowdfunding license by the Securities and Exchange Commission of Thailand (SEC). Siam Validus is a joint venture between Singaporean SME financing platform Validus and SCG Distribution, a Thailand company focused
Read More
MAS Mulls Regulating BNPL Schemes Amidst Concern of Rising Consumer Debt
Amidst the popularity of buy now, pay later (BNPL) solutions, the Monetary Authority of Singapore (MAS) has raised growing concerns over consumers being trapped in unseen debt leading to potential financial difficulties. The boom in the BNPL solutions have prompted
Read More
Swiss IT Firm Zühlke Expands Its Global Network With New Vietnam Office
The Zühlke Group, a Swiss-based IT service management company, announced the opening of a new office in Ho Chi Minh City, Vietnam scheduled for the first half of 2021. This latest addition has grown its network to 16 offices in
Read More
The State of Open Banking in Australia in 2021
The introduction of the Consumer Data Right (CRM) on July 1, 2020 saw the launch of the first phase of open banking in Australia, marking the debut of a new era in the domestic banking sector. Now more than six
Read More
Zebra Technologies Expands Its Footprint to APAC With Singapore Headquarters
Multinational corporation Zebra Technologies announced that it has opened its expanded Asia Pacific (APAC) headquarters in Singapore. The official launch of Zebra’s expanded APAC headquarters comes as Singapore embarks on Phase 3 of its economy reopening. Zebra’s APAC headquarters will
Read More
Indonesian E-Wallet OVO Rolls Out in-App Investment Product
Indonesian e-wallet unicorn OVO has tied up with Manulife Aset Manajemen Indonesia (MAMI) and its strategic partner Bareksa to roll out an instant redemption mutual fund. OVO claims that this offering is the first of its kind in Indonesia. The
Read More
MAS and SGX Raises Red Flag Amidst US’ GameStop Trading Frenzy
The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have urged the public to be on heightened alert to the risks related to trading in securities incited by online discussion forums and social media chat groups. MAS and
Read More
Singapore Police and MAS Launch Probe Into Crowdfunding Platform CoAssets
The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force have launched a joint investigation into various companies under the CoAssets Group for possible offences under the Penal Code and the Securities and
Read More