Archive
NETS ATM Card Payments Now Available in 7,400 Spots in Malaysia
Network for Electronic Transfers (NETS) and its Malaysia equivalent, PayNet, announced today the launch of a real-time cross border payments usage of NETS ATM cards in Malaysia and vice versa. In April 2019, the joint statement by Tun Dr Mahathir
Read MoreLessons Singapore Could Learn from Australia as It Mulls Its Own Virtual Banking License
While virtual banking is not a completely new phenomenon, discussions about it has re-entered mainstream conversation ever since Hong Kong issued 8 virtual banking license in the second quarter of 2019. In light of the growing popularity of virtual banks,
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Philippines’ RCBC Registers Over 500% Growth in its Inclusive Digital Finance Initiative
Rizal Commercial Banking Corporation has achieved exponential growth for its mobile point-of-sale (mPOS) implementation generating 515% and 622% year-on-year growth on transaction volume, from US$ 6.5 million in 2018 to US$ 41 million, and on transaction count, from 111,000 to
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Swiss Fintech Incubator and Accelerator F10 Expands to Singapore
F10, a fintech incubator and accelerator from Switzerland, is expanding to Singapore where it will run its renowned P2 “Prototype to Product” startup program. After the highly popular and successful F10 FinTech Hackathons in Singapore in September 2018 and 2019,
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SCB Launches Robo Advisor in Thailand, Targets 100,000 New Customers by 2020
SCB Securities (SCBS) announced this week that they have jointly launched a robo-advisor on its Easy Invest app. Jointly developed with SCB 10X, the service features automatic mutual fund portfolio design and management using AI. Requiring only a 3,000-baht initial
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P2P Lending Platform Funding Societies Surpasses SGD 1 Billion in SME Lending
Funding Societies, a SME digital financing platform in Southeast Asia, is ending an eventful year by crossing the SGD 1 billion mark in SME loans. In line with the platform’s goal of responsible growth, Funding Societies expanded its loan volume
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Tookitaki Closes US$19.2 Million Series A To Help Fight Money Laundering
Tookitaki a Singaporean regtech firm announced today that it has raised an additional US$11.7 million in funding bringing its total investment for their Series A to US$ 19.2 million. The extended Series A round allows Tookitaki to enhance its product
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PayPal and Mastercard Extend Instant Transfer to Singapore & Europe
Following the launch of its Instant Transfer feature in the U.S., PayPal and Mastercard recently extended the service to Mastercard cardholders in Singapore and a number of European countries. Mastercard Send™ is an application that leverages the card network infrastructure
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Banking in Asia is Ripe for Disruption, Now More Than Ever
Banking in Asia is experiencing fundamental disruption driven by the growth of tech giants into the financial services industry, new open banking regulations, and the issuance of virtual banking licenses, according to a new report by PwC and Oracle. In
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Bakkt Bitcoin (USD) Cash Settled Future to Be Launched in Singapore
Intercontinental Exchange, Inc., a an operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of the Bakkt™ Bitcoin (USD) Cash Settled Monthly Futures contract. The new contract will be listed on
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