Archive
Mastercard, IDEMIA and MatchMove Debut Fingerprint Biometric Card
Mastercard has teamed up with IDEMIA, provider of identity-related security services, and MatchMove, a Singapore-based fintech, on their first pilot in Asia for a biometric card that uses fingerprints to authorise transactions at in-store payment terminals. The smart card named
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Singapore Organizations Adopt AI, ML Amid COVID-19 Induced Uncertainties
Amid the COVID-19 pandemic, Singapore businesses are turning to artificial intelligence (AI) and machine learning (ML) to manage consumer credit risk and deal with economic uncertainties, according to a new research by information services company Experian. Experian, which surveyed 3,000
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LINE Launches “Social Banking” Platform with Thailand’s KASIKORNBANK
Social media platform and messaging app LINE has launched LINE BK which is powered by KASIKORNBANK, for the first “social banking” platform in Thailand. LINE’s push into financial services in Thailand is far from its first, in Taiwan, LINE was
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India’s Fintech Industry Growing Strong Despite COVID-19
Home to more than 2,100 fintech companies, India is one of the world’s largest fintech markets, after the US, China and the UK. Despite the massive disruption brought by COVID-19, fintech companies remain bullish on the long-term growth prospect of
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Global Processing Services Secures Strategic Investment From Visa for Global Expansion
Payments issuer processor, Global Processing Services (GPS) has secured an investment from strategic partner, Visa. Backed by UK growth private equity firm, Dunedin, this strategic investment will help accelerate GPS’ global expansion, following its success in launching new fintechs and
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Silent Eight Raises Total of US$15 Million in Latest Fund Raising Round
Silent Eight, Singaporean regtech startup leveraging artificial intelligence (AI), completed a new round of early-stage funding bringing the company’s total capital raised to US$15 million. The investment round was led by OTB Ventures, VC firm investing in technology businesses originating
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Insurtech Bolttech Expands Its Footprint to South Korea With LG U+
bolttech, an insurtech company that is a part of the Pacific Century Group, announced its expansion into South Korea through the launch of its partnership with LG U+, one of South Korea’s telecommunications carriers. LG U+’s customers around the country
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Facebook’s Libra Hires Former HSBC Exec Ian Jenkins to Double as Both CFO and CRO
The Libra Association, an independent member organization developing a blockchain-based payment system, appointed Ian Jenkins as the Chief Financial Officer and Chief Risk Officer of Libra Networks. Libra Networks, a wholly-owned subsidiary of the Libra Association, will manage the operations
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Open Banking, A Bigger Disruption Force to Incumbents Than Digital Banks: DBS
In Singapore, open banking developments may be a bigger disruption to traditional banks than digital banks, says DBS. The addressable loan market for Singapore’s upcoming digital banks is estimated to be worth between S$220 and S$243 billion, but despite the
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Experian and Standard Chartered to Bolster Credit Decisioning With Machine Learning
Experian, a consumer financial data service provider, has partnered with Standard Chartered to drive financial access across key markets in Asia, Africa and the Middle East by leveraging the “latest technology innovation” in credit decisioning. Without enough credit bureau data
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