Archive
eRemit Singapore Rolls Out Insurance Scheme for Migrant Workers
eRemit Singapore, a digital remittance service platform backed by Merchantrade Asia and QALA Tech, announced that it has partnered with Hong Leong Assurance Singapore (HLAS) to offer a new insurance scheme for migrant workers in Singapore. The eRemit Singapore’s Salary
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New Study from NUS Calls for Risk-Approriate Regulation for BNPL Schemes
Buy now pay later (BNPL) schemes have witnessed strong growth in Singapore but for the sector to develop in a way that’s beneficial to consumers, rules and regulatory oversight are needed, a new paper says. Authored by Allen Sng, a
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85% Of Consumers in SEA Adopt Cashless Payment Solutions
Within Southeast Asia, 85 per cent of consumers adopt some form of cashless payment solution, a study by Visa has revealed. Visa’s Consumer Payment Attitudes Study 2021 also found 46 per cent of Southeast Asian consumers carry less cash in
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Standard Chartered Hires ING’s Senior Exec as Its New Digital Lead
Standard Chartered announced the appointment of Roel Louwhoff as its new Group Chief Digital, Technology and Innovation Officer effective from the 1st November 2021 onwards. Louwhoff, has been Chief Operations and Transformation Officer at ING since 2014 and will be
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Wealthtech App Hugo Bags US$2 Million in Seed Funding
Hugo, a Singapore-based digital wealth and savings app, announced that it has raised US$2 million in a seed funding round from 1982 Ventures, prominent family offices and angels. With the new funds, Hugo said that it will launch more features
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Project Ubin: Exploring Singapore’s Digital Currency Project
Central bank digital currency (CBDC) is arguably one of the biggest developments in recent times that has the potential to reshape financial services as we know. China is of course one of the most prominent examples, since 2014 it has
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A Look at the Global BNPL Industry
Though “buy now, pay later” (BNPL) still accounts for just a small portion of the industry, the pandemic-fueled e-commerce boom could see this alternative model grow 10-15x its current volume and reach as much as US$1 trillion in gross merchandise
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Brankas Surpassed 10 Million Monthly API Calls With Over 80 Network Partners
Brankas, an Indonesian open banking solution provider, announced that it has recently surpassed 10 million monthly API calls with over 80 network partners. The platform now operates in more than six countries and has partnered with more than 30 financial
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UOB Issues Digital Asset Offering of S$600 Million on Marketnode’s Platform
UOB has tapped Marketnode’s digital asset issuance, depository and servicing platform to issue its latest bond offering of S$600 million, with a final orderbook of more than S$1 billion from a total of 73 accounts. Marketnode, a joint venture between
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Open Finance Startup Finantier Raises Undisclosed 7-Figure Seed Funding
Finantier, an Indonesian open finance API platform, has raised an undisclosed 7-figure sum in a seed funding round led by Global Founders Capital and East Ventures. The round was oversubscribed, and funds were raised at a post-money valuation of more
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