Archive

Digital Identity Firm Callsign Chooses Singapore as APAC Headquarters

Callsign, a London-based artificial intelligence-driven identity and authentication solutions provider, has named Singapore as its headquarters for the Asia Pacific region which will expand throughout 2021. Callsign has chosen Singapore as the Asia Pacific headquarters due to the increase in

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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

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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

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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

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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

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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

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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

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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

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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

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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

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