Archive
Bank Rakyat Indonesia Bags the Celent Award for Financial Inclusion
Celent, a global research and advisory firm for the financial services industry, announced Bank Rakyat Indonesia (Bank BRI) as the winner of the Celent Model Bank 2021 Award for Financial Inclusion. The award recognizes several initiatives from Bank BRI that
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Mambu: Significant Misunderstanding Hampers Open Banking Adoption
Most customers still don’t understand what open banking is and its benefits, a misunderstanding that’s hampering adoption, found a new survey by Mambu, a software-as-a-service (SaaS) banking platform provider. Out of 2,000 global banking customers surveyed, more than half (52%)
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STACS Raises S$4.8 Million Ahead of Series A Funding Round
Singaporean blockchain development company Hashstacs (STACS) announced the completion of its US$ 3.6 million (S$ 4.8 million) pre-Series A funding round, bringing its fundraising total to more than US$ 6 million (S$ 8 million). The fundraise led by Wavemaker Partners
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India’s Razorpay Triples its Valuation to $3 Billion as It Eyes South East Asia
Indian payments firm Razorpay announced that it has secured US$160 million during its Series E funding round which has tripled its valuation to US$ 3 billion. The funding round was co-led by GIC, Sequoia along with Ribbit Capital and Matrix
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R3 Inks Deal With IMDA and Tramés to Build a Blockchain Based Supply Chain Solution
R3, the enterprise software firm, Tramés, a Singapore-based supply chain orchestration technology startup, and Singapore’s Infocomm Media Development Authority (IMDA), signed a Memorandum of Intent (MOI) to accelerate global trade and supply chain digitalisation. The MOI will support the collaboration
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Finch Capital’s Nomu Pay Acquires Wirecard’s Asian Assets
Finch Capital, a UK and Amsterdam-focused venture firm, has reached an agreement to acquire Wirecard Payment’s entities in Hong Kong, Malaysia, Philippines and Thailand through Nomu Pay, a vehicle that invests in payment assets. The transactions are expected to be
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DBS Report Looks at Digital Assets’ Buoyant 2021 First Quarter
Digital assets, including cryptocurrencies, non-fungible tokens (NFTs) and central bank digital currencies (CBDCs), are having an exciting year 2021, with many developments and booming adoption witnessed in Q1’21, DBS’ latest quarterly update on digital assets outlines. In Q1’21, digital assets
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New Fintech Podcasts and Webinar Series to Follow in 2021
Podcasts and webinars have been around for decades but it’s only in the last few years that they became big business. Growth was further propelled by the COVID-19 pandemic that forced professionals to move to digital channels to continue networking
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Julius Baer Rolls Out Digital Advisory Platform for Regtech Compliance in Asia
Julius Baer has rolled out its Digital Advisory Suite (DiAS) in Asia that aims to simplify the complexity of regulations for relationship managers, enabling them to offer compliant advice to clients. The suite acts as a fully integrated solution, ensuring a
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Insurtech Firm 360F Appoints Former Temenos APAC MD
Singapore-based insurtech 360F announced that it has appointed Martin Frick as a member of its advisory board, where he will support the ramp up of the bancassurance business. Martin will be an advisor to 360F operating under the legal umbrella
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