Blog
UOB’s Innovation Accelerator The FinLab Goes Digital
The FinLab, United Overseas Bank’s (UOB) innovation accelerator, today launched The FinLab Online, a digital platform to help small-and-medium-sized enterprises (SMEs) and start-ups across ASEAN implement digital solutions to transform their businesses. Since its launch in 2015, The FinLab has received
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Omise’s Parent Firm SYNQA Raises US$ 80M in Funding Round Led by Siam Commerical Bank’s VC Arm
Thailand-based fintech company SYNQA, formerly Omise Holdings, announced that it has raised $80 Million in Series C funding led by SCB 10X Co., Ltd. (SCB 10X) and SPARX Group Co., Ltd. (through its Mirai Creation Fund II). The round was joined by Toyota Financial
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How TikTok’s Owners Are Evolving from Your Kid’s Social Media to Becoming Your Bank
TikTok’s owner ByteDance is making inroads into fintech as the Chinese tech company is said to be negotiating a tie-up with an investment group linked to Singapore’s Lee business family, according to a Financial Times (FT) report. The Lees are
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UnionBank Rolls Out 11,000 Cash Out Options Nationwide
UnionBank recently rolled out more cash-out options for customers via 11,000 remittance counters across the Philippines, including in rural areas where most of the unbanked and underserved population are located. Recognizing that sending funds to families and relatives living in
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NETS Group Appoints New CEO
Network for Electronic Transfers (NETS) announced today that Lawrence Chan has been appointed Group Chief Executive Officer, with effect from 22 June 2020. Chan joins the NETS team with over two decades of payments experience, and a strong track record
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Singapore Fintechs See Over Half a Billion in Fundraising Activities Despite COVID-19
Investments into Singapore headquartered fintechs rose sharply in the months of April and May 2020, reversing a quiet first quarter as investors made larger bets on businesses relevant in the current environment. Total equity funding reached a record high of
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RCBC Named Best Digital Bank in Philippines
The Rizal Commercial Banking Corporation (RCBC) was recognized yesterday as the “Best Digital Bank in the Philippines” by a Hong Kong-based institutional investment magazine. This year’s edition of the Annual Alpha Southeast Asia Best FI Awards deliberated on the performance
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Mambu Announces Global Partnership With Google Cloud
Mambu, a cloud banking platform, announced its partnership with Google Cloud today. Mambu customers can now launch and extend banking and lending operations in more countries on its cloud-agnostic platform. The partnership allows Mambu to operate end-to-end on Google Cloud
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CardUp Allows You to Pay Your Rent, Tax, Insurance and More With Your Credit Card – and Earn Additional Rewards
COVID-19 continues to spread in Singapore with 257 new reported cases, bringing the national total to 41,473, including 26 deaths, according to latest data from the Ministry of Health, dated June 18. As a result of the pandemic and ensuing
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Thailand’s Central Bank Announces Digital Currency Prototype
The Bank of Thailand (BOT) has announced the project to develop the prototype of the payment system for businesses using Central Bank Digital Currency (CBDC), which will build upon knowledge from Project Inthanon. The project scope will include conducting a
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