Archive
InstaReM to Power Cross-Border Payments of Major Thai Bank
InstaReM, a digital cross–border money transfer company, has announced that it will now power cross–border payments for the clients of KASIKORNBANK (KBank), one of Thailand’s leading banking group. Announcing InstaReM’s partnership with KBank, Prajit Nanu, co–founder and CEO of InstaReM
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With SG$1.5 Mil Loaded for CNY, DBS Extends its QR-Backed Money Packets for Raya
Following the launch of its loadable QR-backed Ang Baos (red packets) earlier this year, DBS is now offering the same this Raya season with the quintessential Hari Raya green packets, in hopes of fostering cashlessness in these usually high-cash activities
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Louis Vuitton Launched a Blockchain for Luxury Goods in Ongoing Fight Against Counterfeits
ConsenSys and Microsoft just announced AURA, a blockchain platform that aims to offer the luxury industry with product tracking and tracing services. AURA is based on the Ethereum blockchain and Microsoft Azure, in partnership with the LVMH Group, which owns
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The World Bank’s Blockchain-Based Bonds Can Now Be Traded on a Secondary Market
The World Bank and Commonwealth Bank (CBA) have banded together to enable secondary market trading on blockchain for its block-i bond—and apparently it will be the first of its kind. The function was developed by CBA in conjunction with World Bank
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Youtrip, a Multi-Currency Travel Wallet, Closed US$25.5 Mil in a Pre-Series A Funding
YouTrip, a multi-currency mobile wallet with a prepaid Mastercard, has successfully raised US$25.5 million in a pre-Series A. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by ex-Sequoia Partner Yinglan Tan. With the
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Is Singapore Gunning to Be an Islamic Fintech Hub?
Singapore recently declared its intention to develop the ‘most advanced’ halal hub in Southeast Asia within the next two years. While the announcement primarily looked Singapore as a halal hub within the food industry, given Singapore’s status a fintech hub
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Tryb Group Invests into Filipino Insurance Marketplace Maria Health
Maria Health, a Filipino aggregator for health insurance, has secured an undisclosed amount of seed funding from the tryb group, with participation from Gobi Ventures, Wavemaker, Hustle Fund and Grand Metro Holdings. Maria Health will use the additional funding to
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A Look Back on Some of the Most Devastating Crypto Hacks
Another day, another cryptocurrency exchange hack. Recently the crypto world has been shaken by the Binance hack, that vanished approximately US$40 million worth of bitcoin through patient methods to avoid detection. It’s just the latest in a slew of hacks
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R3 and Wipro to Power Thailand’s Digital Currency, Project Inthathon
In what seems to be a streak of nations embracing central bank backed digital currencies (CDBC) and Wholesale CDBCs, Wipro announced today that in partnership with R3 they have developed a blockchain-based solution prototype for a consortium consisting of the
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Here’s How Insurtech is Tackling Singapore’s Ageing Problem
Let’s suppose you accidentally tore your ligament in the knee while exercising in the gym tomorrow. Do you know how much you’d need to pay for medical fees? Before we reveal the answer, there’s a saying amongst Singaporeans: it’s cheaper
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