Archive
Mastercard: COVID-19 Accelerating Adoption of Contactless Payments in Asia Pacific
During February and March, as many countries imposed or strengthened social distancing measures due to COVID-19, a significant majority of consumers turned to contactless card payments for necessary purchases. Citing safety and cleanliness, 79 percent of people worldwide and 91
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BIS Innovation Hub Singapore Calls for Regtech Solutions for Regulatory and Supervisory Challenges
The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub today launched the G20 TechSprint Initiative to highlight the potential for new technologies to resolve regulatory compliance (RegTech) and supervision (SupTech) challenges. The BIS Innovation Hub, through its Singapore
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Ex-Skype Co-Founder Bags Yet Another US$ 50 Million For His Lending Startup to Expand into Vietnam
Oriente, a lending startup headquarted in Hong Kong and operating in the Philippines (via Cashalo) and Indonesia (via Finmas), announced today that they have secured a fresh capital injection of approximately $50 million in its on-going Series B funding round. Dr.
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Insurtech Qoala Raises US$ 13.5 Million Despite COVID-19 Funding Slump
Qoala an insurtech headquarted out of Jakarta, today announced its successful US$13.5 million Series A fundraise. The round was led by Centauri Fund – a JV between funds from South Korea’s Kookmin Bank and Telkom Indonesia. New investors in the
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The State of Finance App Marketing: Finance Apps on the Rise in Southeast Asia
AppsFlyer released its first edition of the State of Finance App Marketing report, which tracked 4.6 billion app installs across more than 3,000 different apps globally since H2 2017 to H2 2019, including the Southeast Asian markets of Indonesia, Philippines,
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Rapyd Disburse’s New Global Payout Features to Support Gig Economy and Marketplace Growth
Rapyd, a global Fintech as a Service company, announced today a major expansion of Rapyd Disburse, an industry-leading mass-payout platform. The company has made significant investments in the Rapyd Global Payments Network in Europe and the Americas, and now offers more
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SMU and Tradeteq to Develop Quantum Computing Credit Scoring for Trade Finance
Singapore Management University (SMU) and Tradeteq will be embarking on a project which aims to develop quantum computing-based credit scoring methods for companies. This project is supported by the Monetary Authority of Singapore under the Financial Sector Technology & Innovation
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Insurtech Axinan Rebrands To Igloo After Closing Series A+ Round
Singapore-headquartered insurtech startup – Igloo (previously known as “Axinan”), announced today that it has successfully closed its Series A+ funding round, bringing its total funding to US$16 million. The insurtech firm works with leading e-commerce and travel players in Southeast
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Mambu’s Cloud Banking Platform Plugs into TransferWise’s API for Cheaper Money Transfer
TransferWise has announced a partnership with cloud banking platform Mambu. Customers of Mambu, challenger and traditional banks alike, can now seamlessly access TransferWise’s technology infrastructure directly through the Mambu platform to offer cheap, fast and transparent international money transfers at
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Top 10 Fintech Webinars to Attend if You are in Asia
With half of the world’s population under lockdown and governments around the world urging people to limit contact, some of the world’s biggest fintech events and conferences are being postponed or moved online. At the same time, an increasing number
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