Archive
F10 Partners Seoul Fintech Lab, K Accelerator for South Korean Expansion
Fintech startup incubator and accelerator F10 has partnered with Seoul Fintech Lab which is funded by the Seoul Metropolitan Government and K accelerator, a fintech support center based in Seoul, to expand its incubation programme to South Korea. The programme
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DBS First Bank in the Region to Issue Security Token at S$15 Million
DBS announced that it has priced an SGD 15 million digital bond, marking DDEx’s first Security Token Offering (STO) as part of efforts to broaden the suite of products on the DBS Digital Exchange (DDEx). The DBS Digital Bond, which
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BRI Agro Inks Deal With Payfazz to Expand Its Digital Banking Offerings
PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has inked a deal with local agent-based fintech company Payfazz. Using the API (application programming interface) of its signature digital lending app Pinang, BRI Agro’s digital savings and lending solutions will be channeled
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FinLync Secures US$16 Million to Support Global Expansion
FinLync, a privately held, global fintech company transforming corporate finance and treasury offices through its world-class products, announced that it has closed a US$16 million equity funding round. Point72 Ventures led the financing which included investments from Nyca Partners, former
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Stripe Enables GrabPay Payment Option for E-Commerce Merchants
Stripe, an online payment processing company, has partnered with GrabPay to enable businesses across Southeast Asia to offer consumers a more rewarding and convenient online payment method through the latter’s e-wallet, starting in Singapore and Malaysia. The partnership with GrabPay
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How Singapore’s Digital Wallets Fared During the Pandemic
Digital wallets in Singapore have enjoyed a bumper year. With lockdowns catalysing the growth of online shopping, the local e-commerce market reached US$7 billion in 2020. And growth is expected to stick. 9 in 10 new digital consumers intend to
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In the Age of Data, Financial Institutions Must Adopt a Multi-Cloud Strategy
Emerging technologies, evolving customer demands and a changing regulatory landscape are redefining the financial services industry, forcing incumbents to transform their business models and adopt a data-first strategy in order to survive, a new paper by Equinix and Dell Technologies
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Real-Time Digital Payments Volume Surges 48% in Singapore
Singaporeans are moving away from paper-based payments and embracing real-time digital payments and mobile wallets, a shift that has accelerated with COVID-19, a new report by ACI Worldwide Real-Time Payments and GlobalData says. 2021 Prime-Time for Real Time, a global
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Grab Financial’s Funding Represented 63% of Singapore’s Fintech Fundraising in Q1
In Q1 2021, Singaporean fintech companies raised a staggering S$656 million in equity funding, a 355% increase compared to the same period last year, data from the Boston Consulting Group (BCG) show. The large figure, which represents about 46% of
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Aviva Singlife Appoints DBS Exec as Group CEO Following S$3.2 Billion Merger Deal
Insurer Aviva Singlife announced that it has appointed former DBS’ senior exec Pearlyn Phau as its Executive Director and Group Chief Executive Officer following its S$3.2 billion merger deal. The merger transaction between Singlife and Aviva is said to be
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