Archive
AFIN and R3 to Launch New Digital Currency Sandbox to Test CBDC Apps
The ASEAN Financial Innovation Network (AFIN) has partnered with R3, an enterprise blockchain software provider, to enable banks and fintechs to build and test Central Bank Digital Currency (CBDC) applications and drive its innovation and adoption globally. AFIN is a
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3 Ways Singapore Is Trailblazing the Cross-Borders Payments Scene
As digitalization blurs the physical borders between countries, it is estimated that the total global cross-border payment flow can surpass USD156 trillion by 2022. In the European Union (EU), the Single Euro Payments Area (SEPA) is a timely solution that
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Thales Enables Organisations to Enhance Their Google Workspace’s Privacy Capabilities
Google announced that it has selected Thales to support enhanced privacy and confidentiality capabilities for Google Workspace. Thales said that its CipherTrust Cloud Key Manager and SafeNet Trusted Access have been integrated with Google Workspace Client-side encryption with a new
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Wealthtech Firm Endowus Hires Veteran Banker as Its Chief Advisory Officer
Singapore-based digital wealth advisor Endowus has announced the appointment of Wei Mei Tan as Chief Advisory Officer. In her new role, Wei Mei will drive strategic initiatives to accelerate Endowus’ growth trajectory and provide leadership in curating the advisory and
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Southeast Asia Enters Digital Banking Era
The transformation of consumer expectations and incumbent banks’ slowness to meet evolving consumer needs are creating significant opportunities for Southeast Asia’s new and upcoming digital banks, a Boston Consulting Group (BCG) study found. A survey of 3,250 consumers and 1,350
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A Look Into the Thai Wealthtech Industry
Tiktok. The short-form video platform has taken the world by storm since its launch in 2017, with more than 18 per cent of global internet users currently on TikTok. While the platform first gained its popularity for its 15-second videos,
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LINE Rolls Out Its Third Digital Bank in Indonesia With Hana Bank
LINE Financial Asia, an affiliate of LINE Corporation, announced the launch of its digital banking platform in Indonesia, in a collaboration with PT Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank. This is the third market in
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Nomura Taps Refinitiv’s Wealth Management Platform for Its Singapore Fund Managers
Nomura has chosen global provider of financial market data and infrastructure Refinitiv‘s wealth management platform across Singapore and Hong Kong. The Refinitiv Workspace for Wealth Advisors will be used as the strategic platform to drive timely market insights and analytics
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BondEvalue Secures US$6 Million in Series A Fundraise Led by Citi
Singapore-based fintech BondEvalue has raised US$6 million in its Series A round of fund raising, bringing the total funding raised by the company to US$10 million. MassMutual Ventures Southeast Asia and Citigroup were among the new investors and are expected
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UOB First Bank to Pilot Use of Singpass Digital Signature for E-Documents
UOB pilots the use of Government Technology Agency’s (GovTech) ‘Sign with Singpass’ where a customer’s digital signature to confirm transactions or product applications. The bank is the first in Singapore to offer this service according to a statement. Under an
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