Archive

Thailand and Cambodia’s Payments QR are Now Interoperable

Regulators from Thailand and Cambodia announced earlier the launch of an interoperable payment QR code between the two countries. Cambodian tourists visiting Thailand will now be able to use the mobile payment app to scan QR codes in Thailand, whereas

Read More

How MyInfo Revolutionized Verification Process in Singapore

MyInfo made verification process easier than ever for the citizens of Singapore and thanks to BASIS ID every FinTech can now integrate this service into its platform. Know Your Customer or simply KYC remains one of the biggest pains for

Read More

CIMB Bank Singapore Introduces Virtual Account with Distinct Benefits for Corporates

CIMB Singapore announced the launch of its virtual account today, which it hopes can eliminate manual and inefficient reconciliation processes that are inherent to businesses with a high number of suppliers and vendors. Commenting on the product Victor Lee, CEO,

Read More

BIS Appoints Innovation Hub Heads in Singapore and Switzerland

The Bank for International Settlements (BIS) today announced two key appointments to the BIS Innovation Hub, a new initiative designed to support central bank collaboration on new financial technology. Andrew McCormack, Chief Information Officer at Payments Canada, will head the BIS

Read More

A Look at Australia’s New 5-Year National Blockchain Roadmap

On February 7, the Australian government released its national blockchain roadmap in which it said it was exploring the potential benefits of blockchain to create new economic growth and improve productivity. The Australia National Blockchain Roadmap sets out a strategy

Read More

Top 5 Coworking Spaces for Fintechs in Vietnam

Vietnam’s fintech industry, though still nascent, has witnessed significant growth over the past couple of years. As of mid-2019, the country was home to 154 fintech companies which had attracted a total of US$1.1 billion in investment, according to Lam

Read More

Philippines’ Central Bank Senior Official Questions Fintechs’ Ability to Boost Financial Inclusion

A Bangko Sentral ng Pilipinas (BSP) official has raised the need to check on whether financial technology (fintech) firms can indeed boost financial inclusion in the Philippines, citing the large number of Filipinos who remain unbanked. In her speech during

Read More

Digital Identity Startup Credify Secures US$1 Million Seed Fund from Softbank’s Deepcore

Credify a Singapore based digital identity startup announced today that they have received seed funding from Beenext and Deepcore. The startup describes itself as a provider of Universal Identity and Trust System solutions to companies active in the e-commerce and

Read More

Vietnam Central Bank Drops Plan to Cap Foreign Ownership in E-Payment Companies

The State Bank of Vietnam (SBV) has scrapped its initial plan to limit foreign ownership of locally registered e-payment companies to 49% after consulting with experts and industry participants, according to a VN Express report. In a note released earlier

Read More

Top 5 Coworking Spaces in Singapore for Fintech Startups

Home to more than 600 fintech startups and over 40 innovation labs, Singapore is one of the world’s leading fintech hubs and Southeast Asia’s undeniable fintech leader. With so much fintech activities, it is no wonder that we’re seeing demand

Read More