Archive
R3’s Fund Records US$10 Million in Investment Into 20 Early-Stage Blockchain Startups
Global enterprise software firm R3’s Development Fund announced that it has hit the US$ 10 million mark in capital deployed across over 30 investments in more than 20 promising early-stage blockchain and confidential computing companies. The fund invests in startups
Read More
HSBC Executes Singtel’s Billion Dollar Digital Asset Issuance on Marketnode’s Platform
HSBC Singapore and Marketnode successfully completed a digital bond issuance on Marketnode’s digital asset issuance, depository and servicing platform. Marketnode is a joint venture between Singapore Exchange (SGX) and Temasek. The transaction with Singtel is said to represent the largest
Read More
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
Read More
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%)
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More