Blog

Funding

A Singaporean Corporate Services Startup Raises US$3 Million in Seed Funding

Lanturn, a Singapore based corporate services startup, announced that it has successfully raised US$3 million in seed funding. The funding round was led by East Ventures and CoCoon Ignite Ventures, both early-stage venture capital firms. Joining them were individual investors

Security

APAC’s Financial Industry Sees Surge in New Account Creation Fraud

In H1 2020, new account creations saw the highest rate of attack across all transaction types within financial services, according to a new study by LexisNexis, a provider of computer-assisted legal and business research as well as risk management services.

Regtech

Singaporean Regtech Tookitaki Among G20 TechSprint Winners

Singaporean regtech firm Tookitaki won in the monitoring and surveillance category for their “Crypto-currency AML Typology Repository Management” solution at the G20 TechSprint challenge. The hackathon-style competition was launched in April to highlight the potential for technology to resolve regulatory

Mobile Payments

Payments Processor GPS Adds Trio to C-Level Team

Payments issuer processor, Global Processing Services (GPS), announced its appointment of three C-level executives: Richard Hodgson as Chief Financial Officer, Shaun Puckrin as Chief Product Officer, and Jerome Gudgeon as Chief Technology Officer. The new hires bolster the executive leadership

Remittance

Currencycloud Partners in Singapore with Ant Financial-Backed Payment Startup

Wallex, a Singaporean cross border payments startup backed by Ant Financial, has expanded its partnership with Currencycloud, a global payments platform, to deliver a new range of collections services for their Asian customers in Singapore. The partnership using Currencycloud Spark

Digital Banking

Irish Biometrics and Identity Software Company Hires for New Singapore Office

Daon announced the appointment of Trilochan Sehgal as Regional Vice President, South East Asia, and the opening of a new office in Singapore. The announcement affirms the importance of South East Asia to Daon and places the company in a

InsurTech

Revolut Singapore Ties up With Insurtech to Offer Lifestyle-Based Insurance

Revolut and SNACK by NTUC Income, an insurance cooperative in Singapore, announced a partnership to incorporate lifestyle-based insurance offerings. SNACK, launched in June this year, offers stackable, micro-insurance that integrates into their customers’ daily lifestyle activities. The app has partnered

Blockchain Fintech Opinion Leader

APAC Leads the Way on Central Bank Digital Currencies

The global crisis caused by the COVID-19 pandemic has rapidly pushed many businesses into a digital world. Central banks are now also adapting the architecture of money to this new digital business reality, but some countries are more forward-thinking than

Australia Digital Banking

Competition Heats up in Australia’s Neobanks, Digital Banks Market

Since 2019, a wave of digital banks have arrived in Australia on a back of favorable legislation changes which took place in 2018. Today, Australia is home to five independent, licensed neobanks, in addition to a plethora of digital banking

Mobile Payments

Razer Fintech and Visa Offers Sneak Peak of New Prepaid Card

Razer Fintech, the financial technology arm of Razer has collaborated with Visa, to unveil a brand-new Visa prepaid solution – the Razer Card. Users can sign up and use the virtual card at no subscription, with the option to upgrade