Blog

Visa Extends Stripe Connect Partnership to B2B Payments

Visa has teamed up with Stripe, a fintech company focusing on online payment processing, for the acceptance of B2B payments using Stripe Connect. This is an extension of the partnership that the two entities formed in late 2018 to enable real-time

Blockchain Funding

Sygnum Group and SBI Group Launch Early-Stage Fund to Back Digital Asset Startups

Switzerland-based digital asset bank Sygnum Group and SBI Group, a Japan based financial conglomerate, have entered into a partnership to establish an early-stage fund investing in digital asset opportunities across South East Asia and Europe. Its Singapore entity, Sygnum Pte.

Lending

Validus Makes Waves as First Fintech in Singapore’s Enterprise Financing Scheme

Validus, peer-to-peer (P2P) lending platform for SMEs, is Singapore’s first fintech to be approved as a Participating Financial Institution (PFI) under Enterprise Singapore’s Enterprise Financing Scheme. This is the first time that a fintech has been onboarded under the scheme,

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