Archive
OVO’s P2P Lending Arm Taralite Secures License from Indonesia Financial Services Authority
OVO , a leading payments and financial services app in Indonesia, announced that its lending arm, Taralite, a peer-to-peer (p2p) lending services provider, has obtained a business license from the Indonesia Financial Services Authority (OJK). This decree elevates Taralite from
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MAS Launches S$1.75 Million Challenge for a Pandemic-Resilient and Greener FSI Sector
The Monetary Authority of Singapore (MAS) announced on Monday the launch of a S$1.75 million MAS Global FinTech Innovation Challenge. The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: COVID-19 and climate
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Bill Taxing Digital Economy in Philippines to Kill “Infant” Industry, Says Fintech Sector Group
Fintech Alliance.ph, a coalition of fintech and digital companies, has tagged a proposed bill in the House of Representatives to tax electronic transactions as an “abortifacient” to the digital transformation of the country. “We fully understand that taxation is the
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ABS: Banks Are Ready to Support Landlords Affected by Rent Relief Measures
In a statement issued by the Association of Banks Singapore, the association reiterated that banks in Singapore are ready to support landlords who are facing income constrains and cashflow issues from the rental relief measures under the proposed COVID-19 (Temporary
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RCBC Sees 1000% Increase in Growth for Cardless ATM Withdrawal Service
More than 1,000-percent increase in the growth was recorded in May in transaction value coursed through Rizal Commercial Banking Corporation’s (RCBC) cardless ATM withdrawal service, as the bank sustains its exponential growth across key digital metrics at the close of
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Grab Launches a Fully Digital GrabPay Card in Philippines
Grab announced today the launch of the GrabPay Card in the Philippines, a fully digital prepaid card powered by Mastercard that extends GrabPay’s reach globally with unparalleled card security, hassle-free online payments and expanded rewards ecosystem to bring the convenience
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Facebook and Paypal Invests in Gojek to Join its Bid to Boost Digital Payments
Gojek announced today that Facebook and PayPal have joined Google, Tencent and others as investors in its current fundraise. This new investment will support Gojek’s mission to boost Southeast Asia’s digital economy, with a focus on supporting payments and financial
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Huawei Cloud Hosts Virtual Summit Showcasing the Importance of Cloud Computing in Internationalization Strategies
Cloud has taken over the enterprise with now 90% of organizations using cloud-based services, according to Deloitte’s Tech Trends 2020 report. Investment in the field is set to boom with the consulting firm expecting cloud investments to double as a
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Finastra Appoints Margaret Franco as Chief Marketing Officer
Finastra has appointed Margaret Franco as Chief Marketing Officer. Joining from Dell Technologies, she is based at Finastra’s London headquarters and takes responsibility for leadership of the global marketing organization, including corporate communications, brand, digital, solutions and field and partner
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Why Fraud Detection is Imperative to Asia’s Digital Banking Revolution
In recent years, we have witnessed accelerated growth in Asia’s digital banking sector. More fintechs and newly licensed virtual banks are coming to market to address the unbanked segment, while traditional banks are transforming to manage costs and achieve operational
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