Archive

Australian Cryptocurrency Exchange Launches in Singapore

Australian based cryptocurrency exchange Independent Reserve announced the expansion of its services to Singapore and Asia Pacific. Citing positive moves by Singaporean regulators like the introduction of the Payments Services Act, its CEO and founder Adrian Przelozny felt that it

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London-Based CurrencyCloud Eyeing Singapore Office After Raising US$ 80 Million

London-based B2B cross-border payments platform Currencycloud announced that it has secured an additional US$ 80 million in funding. As part of its Series E funding round, Currencycloud received new backing from leading global institutions such as Visa, International Finance Corporation

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Philippine Banks ATM Fees Compared

Bank of the Philippine Islands (BPI), Banco de Oro (BDO), Rizal Commercial Banking Corporation (RCBC), Metrobank and the Philippine National Bank (PNB) and UnionBank of the Philippines are the six banks in the Philippines charging the lowest ATM fees, while

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Vietnam’s Mobile Payments Landscape Sees Strong Developments

Vietnam’s mobile payments landscape has continued to evolve on the back of strong growth and expansion coming from industry players, investment deals, and efforts by the government to establish a favorable environment for the industry to thrive. Vietnamese retailer Saigon

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Digital Banking Vendor Backbase Opens New APAC Headquarters in Singapore

Digital banking software provider, Backbase, has today announced the launch of its new regional headquarters in Singapore. Their regional centre in Singapore is intended to strengthen its footprint within the region to ensure greater proximity to their clients in Asia

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Pand.ai Bags Pre-Series A Funding From Bangkok Bank’s Corporate VC Arm

Singapore-based AI start-up Pand.ai has secured an undisclosed amount in Pre-Series A funding from Bualuang Ventures, the corporate venture capital (CVC) arm of Bangkok Bank. This new funding round comes less than 3 months after the company announced its first

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How Grab Is Breaking Into the Lending Space in Their Lead up to Be a Digital Bank

Singapore-headquartered superapp Grab has begun offering loans and credit lines to businesses in the city state. Under the GrabFinance brand, the tech company is now providing local small and medium-sized enterprises (SMEs) with quick and accessible funding. Business owners can

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Philippines Digital Bank TONIK Picks Finastra to Power Its Core Banking

Finastra announced today that TONIK, a licensed digital-only bank in Philippines, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. According to the parties involved, the move will support TONIK as it launches its retail

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7-Eleven Eyes to Serve Singapore’s Underbanked Through Pay2Home Partnership

The underbanked in Singapore, which includes hundreds of thousands of migrant workers who remit funds as a basic necessity, are often excluded from fintech innovation, unable to access the full benefits of digital services due to a lack of digital

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Why Platformication is Key to The Next Banking Revolution

Driven by technological innovations and increased online connectivity, the world is going through a major economic revolution with the rise of the platform economy. The platform economy refers to the current transition most companies are making from being product-centric to

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