Archive
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,
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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
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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
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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
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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
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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
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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
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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
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32 Non-Bank Organizations Licensed Providing Payment Services In Vietnam: The Complete Updated List
In December 2014, the State Bank of Vietnam (SBV) issued the Circular No. 39/2014/TT-NHNN which sets a series of rules banks and non-bank organizations in Vietnam must follow in order to be permitted to offer intermediary payment services such as
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Digital Assets Firm Diginex Appoints Jim Pollock as COO to Build its Singapore Office
Diginex, a digital asset financial services and advisory company, has appointed Mr. Jim Pollock as Chief Operating Officer (COO) based in Singapore. In this role, he will be responsible for overseeing the implementation of the company’s business strategy, which includes
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