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Quona Capital Closes Second Fund with $203 Million Aimed at Financial Inclusion

Quona Capital, a venture firm focused on financial inclusion in emerging markets, today announced the final close of the Accion Quona Inclusion Fund. The Fund closed with $203 million in commitments from an array of leading investors including global asset

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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach

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What Can You Learn From The Best Trading and Wealthtech Books?

If you want to make money from the markets, you have to understand the markets. You might feel like there’s no substitute for experience when it comes to developing the intuition you need to be able to succeed on the

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Standard Chartered Goes Big on Platformification Strategy with Nexus

Today, Standard Chartered launched its “Banking as a Service” solution, nexus. Through nexus, digital platforms and ecosystems like e-commerce, social media or ride hailing companies, will be able to offer loans, credit cards and savings accounts co-created with the bank

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PropertyGuru Launches Mortgage Marketplace

PropertyGuru, an online property marketplace announced today its expansion into home finance with PropertyGuru Finance. In their media statement to proptech firm said its goal is to PropertyGuru aims to help Singaporeans save money and experience a smoother journey in financing

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Philippines’ Student Wins Finastra’s Global Hackathon with Their Agri-Fintech Solution

Finastra has crowned Team ‘WonderTech’ the grand prize winner of its largest-ever global fintech hackathon on its open development platform, FusionFabric.cloud. The Manila-based team was selected for the top honor for its ‘Agree Farm App’ from among five category winners

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OCBC Enables Instant Cash-out For Cheques under $30,000

OCBC announced today the roll-out of cheque encashment service across all its ATMs at 23 branches. Since February 2020, customers have been able to encash cheques – for up to a maximum of $30,000 in a single cheque – by

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Grab Picks Wirecard to Process its Transactions in Malaysia, Philippines and Singapore

Wirecard is entering into a payments partnership with Grab, Southeast Asia’s leading super app, that will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets. Through this partnership, Wirecard will

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UK’s Fintech Unicorns Sees Singapore as Fertile Ground for Expansion

In what was another record-breaking year, investments in the UK tech sector soared to £10.1bn ($13.2 billion) in 2019, according to latest industry figures – a £3.1bn increase on 2018’s very strong figures and the highest level in UK history.

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Philippines’ Fintech Industry Group Drives Cashless Initiative Amidst COVID-19 Outbreak

Amidst the current contagion of potential pandemic proportions, the Philippines has reported a series of confirmed COVID-19 cases in the last four days. Given the high risk of local transmission, the Fintech Alliance.ph has heightened its awareness campaign on the

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