Archive
Wise Appoints Grab’s Co-Founder Tan Hooi Ling To Its Board
Wise, a London-based online money transfer service formerly known as TransferWise, has made two recent appointments to its board of directors, one of it being Tan Hooi Ling who is the Co-founder of South East Asian superapp Grab. The other
Read More
Indian Fintechs Ride Digital Payment Wave to Expand to Lending, Wealth, Insurance
With approximately 200 million active users and 30 million merchants, Indian payment players are now riding the growth of digital payments to expand to other financial segments beyond their core offerings, including wealth management, insurance and lending, says a new
Read More
Validus’ Indonesian Arm Batumbu Granted Digital Lending License From OJK
Validus’ Indonesian subsidary Batumbu has received regulatory approval to operate as a licensed digital financing platform from the Indonesian Financial Services Authority (OJK). Since the launch of its operations in 2019, Batumbu said that it has disbursed over S$207 million
Read More
DBS First Asian Bank To Transact on AntChain’s Blockchain-Based Trade Financing Platform
Following the official launch of Trusple, AntChain’s international trade and financial services platform, DBS announced that it is the first Asian bank to successfully close a trade financing transaction on the platform, valued at over US$ 40,000. The transaction was
Read More
India’s Open Banking Landscape Thrives on the Back of Digital Public Infrastructure
Pioneered by banking incumbents, India’s open banking ecosystem has grown to become part of the Indian financial landscape and is now among one of the most advanced in the world. The development of open banking in India has been facilitated
Read More
Bank of Thailand Revealed Plans To Focus on Retail Digital Currency Next
Bank of Thailand (BOT) announced the results of its Central Bank Digital Currency (CBDC) for Business Prototype Development Project and revealed plans to focus on retail CBDC as its next step. Initiated in June 2020, Project Inthanon marks the first
Read More
Insurtech Gets a Boost in India Amid Rising Digital Adoption
Fundamental shifts in consumer preferences, favorable regulation, and rising interest from investors are stimulating the growth of insurtech in India. Results of a survey conducted by the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and
Read More
How COVID-19 Served as a Catalyst for Digital Insurance in Vietnam
In Vietnam, COVID-19 has been a catalyst for digital transformation in the insurance sector, forcing incumbents to ramp up their digital capabilities and embrace technology. Post and Telecommunication Joint Stock Insurance Corporation (PTI), one of the Vietnam’s top three non-life
Read More
HK Based Futu Launches Investment Platform Moomoo, Unveils New Singapore HQ
Futu Holdings announced the official launch of its one-stop investment platform, moomoo and unveiled the opening of its new regional headquarters in Singapore. The company said in a statement that the new headquarters was set up to better serve the
Read More
Banking-as-a-Service a New Battleground for Banking Incumbents and Challenger Banks
With a new Banking-as-a-Service (BaaS) model, financial services providers can save up to 95 percent of a typical customer acquisition cost, according to a new report from Oliver Wyman. The report said that the typical customer acquisition cost can be
Read More