Archive
OCBC Bank Enables Cash Withdrawals at ATMs using QR Codes
OCBC bank announced today it will be enabling customers enabling customers to withdraw cash by just scanning a QR code using the OCBC Pay Anyone app, then authenticating the transaction via fingerprint, faceprint or mobile banking login credentials. The bank
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Singaporean Robo Advisor Bambu Raises US$10 Million in Series B Funding
Bambu, a Singapore-based provider of digital wealth technology, today announced the close of a US$10 million in a Series B funding round. Third-time investor Franklin Templeton co-led the investment along with new investor PEAK6 Strategic Capital LLC, which is headquartered
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The Real Reason Why You’re Failing to Innovate
In a world where change is the only constant, innovation is a tool that is essential to any organisation that doesn’t want to be made obsolete in the next few years. While the need for innovation is not unique to
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iFast Eyeing to Expand to Payments and Lending With Digital Banking License
iFast, an internet based investment product distribution platform is reportedly in talks with potential partners pursue a digital banking license in Singapore. Announced late last month, Singapore is looking at issuing up to 5 digital banking licenses; two of which
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Grab Takes The Fight to Go-Jek’s Home Turf with US$ 2 Billion Investment
Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a next-generation transportation
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Singaporean Robo-Advisor StashAway Raises USD$12 Million in Series B Funding
StashAway, a robo-advisor for both retail and accredited investors, has completed a USD$12 million (SGD$16.4 million) Series B round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International. Asia Capital & Advisors, the private equity firm led
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Vietnamese P2P Lender Vaymuon.vn Eyes US$ 10 Million Series A for Global Ambitions
Vietnam’s first and largest P2P lending platform, Vaymuon.vn, announces the close of seed round funding and celebrates its strategic partnership with VietinBank Insurance (VBI) in order to ensure peace of mind for borrowers and investors. With the breakthrough results after
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Huobi Group Greenlit by Thai Regulators to Operate Crypto Exchange
Cryptocurrency exchange Huobi Group announced that they have secured the necessary regulatory approval to operate in Thailand. The group expects that their platform will go live latest by September 2019. “Huobi is one of the largest exchanges in the world
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Singtel Makes First Foray into Insurance Market in Singapore
Singtel today announced its first foray into the insurance market, introducing Singapore’s first prepaid data plan and Dash mobile remittance service that comes with personal insurance cover, provided by NTUC Income (Income) and premiums paid for by Singtel. Singtel provides
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Asia-Pacific Banks Don’t See Digital-Only Banks As Their Top Threat
The race is on to digitize banking throughout the Asia-Pacific region, according to an EIU report. It found that competition is intensifying between established retail banks and the technology and e-commerce disruptors that threaten to carve up the payment solutions market.
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