Fintech Singapore | July 2018 - Page 3 of 6

Archive

UOB’s Latest Partnerships Reveal the Bank’s Strategy to Stay Relevant

An e-wallet and an artificial intelligence solutions company combines with a traditional bank. United Overseas Bank Limited (UOB) is recently attempting to keep abreast of current banking trends by striking relationships with more agile fintech companies. It has been said

Mobile Payments

Contactless Technology Powered 50 % of Purchases at 2018 FIFA World Cup Russia

Visa the Official Payment Services Partner of FIFA, released an analysis of spending inside the 2018 FIFA World Cup Russia stadiums from the opening match on June 14 through the semi-finals on July 11. The data highlights the increased consumer adoption of innovative

Blockchain/Bitcoin

Oracle Allows Enterprises to Build Blockchain Applications with New Cloud Service

Oracle, a software provider for enterprises mainly known for its cloud-based services, continues the process of bringing blockchain out of cryptocurrency and now offers it to businesses to, in part, secure transactions, and track goods through global supply chains. Oracle

Wealthtech

Bank Of Asia Launches Fully Digital Offshore Banking From a Tax Haven

Bank of Asia, a fully digital cross-border bank, will be having its official launch in the British Virgin Islands after being awarded the only banking license in the territory within two decades by the British Virgin Islands Financial Services Commission.

Indonesia

OJK: Fintech Hub Launch Will Grow Indonesia’s Fintech Ecosystem

The Financial Services Authority (OJK) will be launching a fintech centre sometime in August as part of their efforts to grow the fintech ecosystem in Indonesia, as well as drive innovations in the field. Indonesia’s Swelling Fintech Sector OJK’s head of

Online Wealth Mgt

A Singapore Robo Advisor Got a New Strategic Investment

8I Holdings announces a strategic investment in AutoWealth, a licensed regional robo-advisor that automates investing and provides comprehensive investment portfolio rebalancing and management for retail investors. The investment in AutoWealth is part of 8IH’s strategy to increase its product offerings

Various

Singaporeans Crave A Digital Nomad Life, But Worry If They Can Migrate Overseas

A new study revealed that 7 in 10 Singaporeans (69%) want to work remotely to travel the world. This is especially true of younger Singaporeans, where up to 74% of 15–34-year-olds have the same dream. However, they aren’t sure about which countries

Blockchain/Bitcoin Trade Finance

Blockchain to Improve Trade Finance

Trade finance, where financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that is hampered by challenges such poor customer experience, increasing cost pressure and substantial regulatory burden. With its manual, cumbersome

Blockchain/Bitcoin Philippines

Philippines: CEZA Issues First Crypto Trade License To HK Firm Quickpay

The Cagayan Economic Zone Authority (CEZA), the Philippines’ “fintech city” developer, has issued its first financial technology solutions and offshore virtual currency (FTSOVC) license to Hong Kong-based blockchain solutions firm Golden Millennial Quickpay. CEZA Corporate Board Secretary Catherine Joy Alameda

Various

GAFA and Banking: The Next Battleground?

I got my first iPod in 2002 — it was my first Apple product. I had had a Sony Walkman for a long time and had recently moved on to their MiniDisc player, but the iPod was so much better.