Archive
Is OCBC Teaming Up with Singtel to Apply for a Virtual Banking License?
Singapore’s second largest bank OCBC and largest mobile network operator Singtel may be joining forces to apply for a virtual banking license, according to a Bloomberg report. In June 2019, Singapore announced that they will be issuing 5 virtual banking
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Asian Development Bank Report Suggests That Blockchain Can Help SMEs Gain Funding
Digital innovation and in particular blockchain technology can increase small business access to finance, according to a new study by Asian Development Bank. In a report, titled Fintech for Asian SMEs, ADB explores how technologies such as distributed ledger technology
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DBS’ Singapore Country Head Appointed to NETS Board
NETS, Singapore’s payment services group, announced that Mr Shee Tse Koon, Singapore Country Head at DBS Bank, has been appointed to its Board of Directors. Mr Shee’s appointment took effect on 13 August 2019. Mr Shee has 25 years of
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World Bank Issues Second Tranche of its Kangaroo Blockchain Bond Via Bond-i
The World Bank has raised an additional AUD 50 million for its Kangaroo bond due August 2020 – the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. The successful tap expands market participation
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PayPal Launches Women’s Program in Singapore for Greater Diversity in Tech
PayPal Pte Ltd has launched the Women Luminaries Program (WLP) in Singapore to help empower female students passionate about technology to pursue a career in the field. This initiative strives to dispel stereotypes surrounding the industry, correct the current gender
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“Satoshi Nakamoto” Apparently Lost 980,000 Bitcoins to Hard Drive Failure
One of the biggest veils of mystery surrounding the world of cryptocurrency is the identity of Satoshi Nakamoto the creator of Bitcoin. His/her (their?) whitepaper, of course, laid the foundation to an entire blockchain and cryptocurrency industry today. Given the
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Binance Announces “Project Venus” A Competitor to Facebook’s Libra
Binance today announced its plans to initiate an open blockchain project, Venus, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. Binance is looking to create new alliances and partnerships with governments, corporations,
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India Turns 350,000 Postmen Into Bankers To Serve Customers In Remote Areas
Across the country, over 350,000 postmen are offering doorstep financial services to people in even the remotest parts of India. They are equipped with a mobile phone and a hand-held biometric scanner to perform tasks of bankers including opening savings
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Refinitiv Brings its Financial Data to the Cloud for Customers in Asia with AWS
Refinitiv has launched delivery of its financial data to Asia-based clients leveraging Amazon Web Services (AWS) as it continues to expand its global cloud capabilities to meet customers’ needs. Refinitiv’s Elektron real-time data is now available in the AWS Asia
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Meet the 7 Startups Selected for SAP’s First South East Asia Accelerator
Software giant SAP announced this week that they have kicked off their first acceleration program in Singapore. Dubbed as SAP.iO Foundry the program aims to accelerate Southeast Asian startups, providing them access to curated mentorship, exposure to SAP technology and
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