Archive
Aspire’s Business Account Transacts Over a US$ 1 Billion One Year from Launch
Y-Combinator backed fintech Aspire has reached US$1 billion in annualised transaction volumes within one year of the launch of its business accounts in May 2020. The firm also announced the launch of its Bill Pay feature, which automates a company’s
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Digital Remittance Providers Eye Asia Pacific Markets
Asia is seeing the emergence of a booming community of remittance-focused tech companies. These companies leverage technology and digital platforms to disrupt the legacy remittance value chain, bringing greater convenience and lower-costs to cross-border money transfer. A new infographic produced
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SGX Leverages AI and Machine Learning for Enhanced Oversight of Listed Issuers
Singapore Exchange Regulation (SGX RegCo) is introducing the use of artificial intelligence (AI) and other regtech solutions to enhance its oversight of listed issuers. SGX RegCo is expanding the solutions to include machine learning techniques and additional information sources with
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Validus Secures S$50 Million From UK’s Asset Manager Fasanara to Boost SME Lending
Validus, a peer-to-peer (P2P) lending platform for SMEs, has received over S$50 million from UK’s alternative asset manager Fasanara Capital to boost SME lending for underserved and unbanked SMEs in Singapore. In addition to investing over S$20 million on Validus’
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Global E-Commerce Revenues Surge; Asian Nations Lead in Growth Rate Ranking
Global e-commerce sales have surged amid the COVID-19 pandemic, with China, Hong Kong, South Korea, Vietnam, India and Japan recording amongst the highest revenue growth rates in the world, a Payoneer whitepaper says. Chinese sellers saw sales volumes surged 65%
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BearingPoint Expands Regtech Solution to Help Firms Comply With Latest MAS Module
BearingPoint RegTech, a Netherlands-based regtech solution provider, has further expanded its end-to-end solution ABACUS/Transactions with a new MAS module. The MAS module helps firms comply with their derivative reporting requirements imposed by the Monetary Authority of Singapore (MAS) and digitalise
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BRI Appoints New CEO for its Digital Bank
Bank Rakyat Indonesia (Bank BRI) announced that its subsidiary PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has appointed Kaspar Situmorang as its new CEO. Situmorang’s digital banking acumen will be key at BRI Agro, where the new CEO has been
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MAS Doubles Down on Green Finance With the 6th Global Fintech Hackcelerator
The Monetary Authority of Singapore (MAS) announced the launch of the 6th edition of the Global Fintech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance”. The competition, supported by Oliver Wyman, seeks to unlock the potential of fintech
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Hewlett Packard Enterprise Expands HPE GreenLake With New Data Services Platform
Hewlett Packard Enterprise, an American multinational enterprise information technology company, has expanded its consumption-based IT model HPE GreenLake with storage as-a-service business transformation. HPE unveiled a data services platform that delivers on its Unified DataOps vision for a new data
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Adyen Singapore Secures MAS’ Major Payments Institution License
Global payments platform Adyen announced that its Singapore entity has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore‘s license
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