Archive
Deutsche Bank and STACS Complete PoC for Digital Assets and ESG Bonds
Deutsche Bank’s Securities Services in Singapore and Hashstacs (STACS) announced the completion of their proof-of-concept (POC) referred to as Project Benja on the use of distributed ledger technology (DLT) for digital assets and sustainability-linked digital bonds. Set in the context
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Indonesia’s BukuKas US$ 50 M Funding Round Sees Participation from Wise’s Co-Founder
BukuKas, a startup creating digital solutions for Micro, Small and Medium Enterprises (MSMEs) in Indonesia, announced it has raised US$ 50 million in Series B funding. The highly oversubscribed Series B round included participation from prominent angels Gokul Rajaram and
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Pine Labs Secures US$285 Million in Fundraise, Now Valued at US$3 Billion
Pine Labs, a merchant commerce platform, announced that it has completed the first close of its US$285 million funding round. Its valuation is likely to jump to US$3 billion according to a report by The Economic Times. The company said
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Vietnam’s Digibank Timo Bolsters Its Board With 2 New Appointments
Vietnam’s digital bank Timo has announced two new additions to its Global Advisory Board; Nirukt Sapru, former CEO of Standard Chartered Bank Vietnam and Nam Tran, Co-Founder and Chairman of Moca. Additionally, Timo has concurrently made a series of additional senior
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What Have Singapore’s Digital Banks Been up To?
It has been six months since The Monetary Authority of Singapore (MAS) announced the four successful applicants for Singapore’s inaugural digital banks. A Grab-Singtel consortium and SeaMoney (an entity wholly owned by Sea Group) snagged digital full bank (DFB) licenses
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Robo Advisor StashAway Expands Its Product Line With New Life Insurance Offering
Southeast Asian digital wealth manager StashAway has launched a group term life insurance policy underwritten by Prudential Singapore named StashAway Term Life. StashAway Term Life is a fully digital offering available on its app to Singapore residents where application for
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How CIMB and Finhay Are Delivering Diversification Through Embedded Finance in Vietnam
Embedded finance will transform the role of finance, making it contextual, convenient and cost-effective. Instead of finance being a stand-alone function, it will get ingrained into the lifestyle of customers, whether it is making credit available at the point of
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Citi Launches Automated Securities Lending Platform for Wealth Managers With Sharegain
Citi has launched a fully automated securities lending solution for the wealth management firms that it provides custody services to in partnership with London-based fintech firm Sharegain. Led by close partnership between Citi Ventures and Citi’s Agency Securities Lending (ASL)
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DBS Launches Asia’s First Bank-Backed Trust Solution for Cryptocurrencies
DBS Private Bank has introduced a trust solution for the asset class via DBS Trustee, the bank’s wholly-owned, licensed trust company, to enable its private banking clients to invest, custodise and manage their digital assets. According to DBS, this offering
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American Google Pay Users Can Now Transfer Money to Singapore Thanks to Wise
London-based fintech unicorn Wise has announced an integration to bring its platform to Google Pay users allowing the send money abroad within the app from today onwards. The initial launch will enable Google Pay users in the U.S. to send
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