Archive

6 Key Takeaways From MAS’ New Technology Risk Management Guidelines

With the rising numbers and scale of cyberattacks, the Monetary Authority of Singapore (MAS) revised its technology risk management (TRM) guidelines on January 18,2021. The TRM guidelines apply to all financial institutions (FI) that MAS regulates, ranging from large ones

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Insurtech Qoala Acquires Thai’s FairDee; Expands to Thailand

Qoala, an insurtech startup backed by the likes of Sequoia and MDI Ventures announced today the acquisition of FairDee, a Thai insurtech to expand their reach into the Thailand market. Since its 2018 launch, Qoala said that it now processes

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eKYC Firm Jumio Secures $150 Million From Great Hill Partners

Jumio, a provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. This infusion represents the single largest funding

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Reports of the Death of Challenger Banks Are Greatly Exaggerated

Against the backdrop of the cacophony of noise and emerging trends in Asia, it’s difficult even for the keenest of observers to determine what trends will shape the future of fintech in Asia. On the 6th episode of Fintech Fireside

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From Relationships to Platforms – the Shift in Corporate Banking

Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This shift has also been accelerated by the COVID-19 pandemic, with lending, trade finance and cash management functions all under pressure

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Ripple Appoints Former Uber Exec to Lead Southeast Asian Operations

Ripple  announced the appointment of Brooks Entwistle as Managing Director of Southeast Asia to lead and scale the company’s operations in the region. Based out of Ripple’s Southeast Asia headquarters in Singapore, Brooks Entwistle brings three decades of senior management

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APAC Insurers Must Ramp up System Modernization Efforts

The COVID-19 pandemic has accelerated the adoption of digital technologies in all sectors and across all regions. In Asia Pacific (APAC), insurers have recognized the importance of system modernization for the long-term success of their business. Yet, most are still

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OCBC Bank Rolls Out Face Verification for ATM Banking Transactions

OCBC Bank has introduced the use of facial biometrics for ATM services, eliminating the need to carry around an ATM card. The bank claims to be the first in Southeast Asia to enable the use of face verification on its

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Digital Wealth Advisor Endowus Offers ESG Portfolios for Retail Investors

Singapore-based digital wealth advisor Endowus has launched its Environmental, Social, and Governance (ESG) portfolios, to pave the way for retail investors to gain access to better sustainable investing options. Fund managers include J.P. Morgan Asset Management, Natixis-Mirova, PIMCO, Schroders and

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Behind Singapore’s Ambitions to be Asia’s Leading Centre for Green Fintech

Singapore is looking to leverage its position as one of the world’s most developed fintech markets to become a leader in green fintech, a vision part of a broader movement for the nation to become sustainable. During a speech at

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