Archive

2021 Lunar New Year: Virtual Red Envelopes, E-Hongbaos in the Spotlight

The 2021 Lunar New Year is just around the corner and authorities are encouraging people to turn to virtual red packets and digital transactions, instead of physical bills and envelops, an alternative that’s more environmentally friendly and which is of

Read More

Siam Commercial Bank’s Venture Arm Launches $50 Million Fund for Blockchain Startups

SCB 10X, a subsidiary of Siam Commercial Bank, has set up a new $50 million venture capital fund will invest in both early and growth stage startups globally that are dedicated to blockchain, decentralised finance (DeFi), and digital assets. This

Read More

InsureTech Connect Asia Launches Its Digital Distribution & Ecosystems Summit

InsureTech Connect (ITC), one of the largest insurtech gathering, will be presenting the Digital Distribution & Ecosystems: virtual summit on 25th February 2021. The virtual event will dive deep into the key market trends and topics revolving around digital distribution

Read More

hoolah Welcomes MAS’ Decision to Review Buy Now Pay Later Schemes

Singaporean buy now, pay later (BNPL) platform hoolah issued a statement welcoming the decision of the Monetary Authority of Singapore to review the sector over growing concerns for consumers’ financial welfare. The Singaporean regulator had previously stated that it would be

Read More

Non-Bank E-Wallets GrabPay, LiquidPay and Singtel’s Dash to Offer PayNow

The Association of Banks in Singapore (ABS) announced that for the first time PayNow has been made available to three non-bank Financial Institutions (NFIs) namely Grab Financial Group, Liquid Group and Singtel’s Dash effective from today onwards. The addition of

Read More

Funding Societies Notched up Its 4th Market With Thailand Expansion

Funding Societies, Southeast Asian SME digital financing platform, has launched in Thailand and will operate under the debt-crowdfunding license given by Thailand’s Securities and Exchange Commission. This expansion comes after more than one year of working with Thai regulators and

Read More

Intelligently Manage Money with Mobility

Technology has been changing behaviour of people. Many are showing significance reliance on the Internet – mobile network in particular – more than ever. At the same time, technological innovations are led by such behavioural changes. Indeed, successful innovations need

Read More

What Is a Cryptocurrency and Why Should I Use It?

A cryptocurrency is a digital currency, which can be used to buy various services. It tries to secure online transactions by using an online ledger with strong cryptography. Most people, who use this currency, do that because of the trading

Read More

Bank of Singapore Taps SAS’ AI-Powered Communications Surveillance Analytics

American multinational developer of analytics software SAS announced that Bank of Singapore, a member of the OCBC Group, will implement its artificial intelligence (AI) powered communications surveillance analytics in their training and monitoring of client representatives’ performance. SAS’ Trade and

Read More

Insurtech Startup CXA Sells Brokerage Arm As it Pivots to SaaS Business

Singapore-based insurtech company, CXA Group will be restructuring by selling off its brokerage arm to focus solely on the development and global expansion of its enterprise SaaS business. CXA will be selling its brokerage business in Singapore and Hong Kong

Read More