Archive
Facial Recognition Technology Rapidly Picking Up Steam with Banks and Fintechs
Advancement in biometric technology, including facial recognition, touch ID fingerprint sensors and voice recognition, is creating new opportunities for fintech innovators to streamline the customer experience. Facial recognition in particular is seeing rising adoption in Asia but also other parts
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eKYC Solution Provider Jumio Announces Record New Account Growth
Jumio, a renowned provider of AI-powered end-to-end identity verification and authentication solutions, today announced the biggest quarter for customer growth in the company’s history. Jumio says its growth was spurred by financial services and healthcare organizations which were forced to
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Singaporean Businesses Slow in Embracing Finance Transformation, SAP’s Survey Finds
Despite widespread adoption of remote working and digital transformation, finance transformation is still lagging amongst Singaporean businesses, resulting in companies losing US$340 million (S$473 million) annually to inefficiencies and manual processes, according to a new study commissioned by SAP Concur.
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TransferWise Announces Partnership with Aspire On the Back of Its US$ 5 Billion Valuation Spike
TransferWise announced today a new partnership with Singapore-based fintech Aspire, concurrent with news of its valuation jumping to US$ 5 billion. Aspire provides digital financial services such as credit lines, business accounts and corporate cards for small and medium-sized enterprises
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Partnerships Between Fintechs and Financial Institutions Drive Faster Innovation in ASEAN’s Digital Banking Sector
In Singapore, the first digital banking licenses are expected to be granted by the end of this year, marking the debut of a new area in the city-state’s banking industry. In June last year, the Monetary Authority of Singapore (MAS)
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Thought Machine Enters APAC Market with Cloud Core Banking Solution After Raising US$ 42M
Thought Machine, the cloud-native core banking technology firm, marks its entrance into the Asia Pacific market by announcing the signing of an additional US$42 million in funding for its Series B round. This round extension will close in early August
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Singapore Fintech B2B Startups Are Invited to Pitch for Potential Deals and Funding in Hong Kong
In its fifth edition, the flagship industry conference Hong Kong FinTech Week this year is launching a unique Global Fast Track Programme to help worldwide including Singapore innovative technology companies connect with the leading financial institutions, investors and regulators in
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Philippines Launches Blockchain-Based App for Bond Investment with UnionBank and PDAX
The Philippine Bureau of the Treasury (BTr), together with Union Bank of the Philippines (UnionBank) and Philippine Digital Asset Exchange (PDAX), launches an app for the distribution of retail treasury bonds enabled by Distributed Ledger Technology (DLT). The app, called
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AMTD Group Chairman Talks Ecosystem Building, Fintech Talent Building, and More
Financial services group AMTD has reached numerous milestones this year as part of its fintech push. For Calvin Choi, chairman of the AMTD Group, the priorities now are centered around building up its ecosystem across the whole Asian region and
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UOB Launches Robo-Advisor for Retail Investors in Singapore
UOB Asset Management (UOBAM) has launched UOBAM Invest, a robo-advisory mobile app that offers retail investors in Singapore personalised and dynamic investment portfolios. The mobile app is the retail version of the UOBAM Invest online portal, which was first launched
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