Archive

5 Emerging Fintech Startups from Indonesia to Watch in 2020

The Indonesian fintech industry witnessed steady growth in 2019 with several companies in the sector reaching notable scale and recognition. Ovo, a digital wallet, emerged as the country’s fifth startup unicorn, while several others, including Akulaku, a consumer installment loan

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MAS Tells Financial Institutions to Adopt Safe Distancing to Prevent COVID-19 Risks

The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points. This is part of the

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Here are Seven Best Forex Brokers in Singapore to Consider Right Now

As you may know – especially if you’re a professional trader – Singapore comes with no taxes on trading profits. This means that, if you have the experience, you can make a good living in this particular country. On top

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Visa: Two in Three Singaporeans Interested in Digital-Only Banks

A new breed of digital banking is just around the corner as Singapore introduces its digital banking framework which attracted the likes of Grab, Razer, Ant Financial, Sea Group and many more to bid for the license. With growing interest

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More Filipinos Turn to Digital Banking Amidst COVID-19 Lockdown

Rizal Commercial Banking Corp. (RCBC) logged a 259% increase on new sign-ups on its online banking service in the first three days of the implementation of the enhanced community quarantine (ECQ). Bank data show a daily average of 1,116 new

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Thai Fintech DeeMoney Partners with Ripple for Cross Border Money Transfers

DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, today announced its platform is now processing live transactions, in partnership with Ripple. DeeMoney is the first non-bank institution in Thailand to use RippleNet. As recent as

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9 Hottest Aussie Fintech Startups for 2020

In 2019, Australia’s fintech industry continued to grow and mature. By the end of the year, the country was home to 629 active fintechs, which is a 8% increase since September 2018, according to the KPMG Australian Fintech Landscape 2019.

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Grab Collaborates with IMDA to Pilot its Accelerator Programme

Grab and the Infocomm Media Development Authority (IMDA) today announced a partnership to pilot Grab Ventures Ignite (GVI), a 14-week accelerator programme, for Singapore-based startups with interest to venture overseas. The Singapore pilot of GVI will focus on high potential

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HK-Based AMTD Acquires Insurtech Startup PolicyPal

AMTD Digital, the digital finance arm of AMTD Group announced that it will acquire a controlling stake of PolicyPal, a company licensed by the Monetary Authority of Singapore, and the first graduate of MAS fintech regulatory sandbox, which deepens the

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In Southeast Asia’s Virtual Banking Race, Incumbents Might Have An Early-Mover Advantage

In Southeast Asia, the imminent entrance of virtual banks is set to shake up the banking industry. But despite the potential disruption these are expected to bring, incumbent banks have a lead in the digital banking race, according to a

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