Archive
Alibaba Founder Appointed As Malaysia’s Digital Economy Advisor Amid Digital Free Trade Zone Initiative
Jack Ma, the founder and executive chairman of Alibaba Group, has been appointed as Malaysia’s digital economy advisor as the government looks to boost the country’s e-commerce and Internet sector, and create new opportunities for Malaysia. Prime minister Datuk Seri
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First Bank in SouthEast Asia To Use Blockchain Technology For Payment Services
OCBC Bank has become the first bank in Southeast Asia to use blockchain technology in its local and cross-border payment funds transfer services. The use of a payment blockchain solution will see increased efficiency, transparency and security as well as
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MAS and ABS Kick Off Inaugural Singapore FinTech Festival
The inaugural Singapore FinTech Festival kicked off today with a series of events that aim to portray the future of a financial industry transformed by innovation and technology. The week-long Festival is organised by the Monetary Authority of Singapore (MAS),
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What Asia Can Learn From Africa To Succeed in Fintech For Unbanked?
Facebook is currently considering acquiring mobile money giant M-Pesa in Kenya. One month ago Visa payments network introduced a mobile-phone application to enable cashless transactions in Kenya too. The mVisa app will initially facilitate transactions for people with accounts at
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Singapore Partners with Vietnam’s National Agency for Technology Entrepreneurship
Singapore’s Action Community of Entrepreneurship (ACE) signed a Memorandum of Understanding (MOU) with Vietnam’s National Agency for Technology Entrepreneurship and Commercialization Development (NATEC) earlier this morning. The MOU seeks to establish a cooperative relationship between the two countries for nurturing
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Millennials Driving Digital Shift in Insurance Sector
The insurance industry is undergoing a shift in the way it operates in order to satisfy a new generation of customers – the millennial market. Millennials are demanding more high-tech processes when it comes to insurance, looking for digital interaction
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MAS Awards a Full CMS Licence to MoolahSense
MoolahSense is the first marketplace lending platform to be granted a full Capital Markets Services (CMS) licence by the Monetary Authority of Singapore. The CMS licence for “Dealing in Securities” was issued today. This marks a milestone in the development
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ANZ Launches Innovation Lab in Singapore
ANZ has launched an innovation lab in Singapore to help accelerate innovation in Institutional Banking capability and facilitate collaboration with the financial technology – or ‘fintech’ ecosystem which includes participants from industry, academia and government. The facility, known as ANZ
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The History of Money in Cambodia and The Potential of Bitcoin
Cambodia’s monetary history can be traced back to the ancient Khmer times. According to Michael Trané, a specialist in Khmer culture and civilization and former under-secretary at the Ministry of Culture and Fine Arts, “a lot of evidence has been
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Internet of Things Security Foundation Announces Conference on “Building an Internet of Trust”
The Internet of Things Security Foundation (IoTSF) has announced its starting line-up of speakers for its second annual conference and is inviting the security community to further submit talk proposals. The conference is to be held at the Institution of
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