Archive
Financial Firms Should Leverage Data from Third-Party Providers
Financial services firms including banks, insurance providers and peer-to-peer (P2P) lenders are increasingly relying on predictive models built using artificial intelligence (AI) and machine learning (ML) to improve customer acquisition and retention, refine risk modeling and enhance loan application processing,
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Digital Assets Platform Zipmex Raises US$41 Million Led by Bank of Ayudha’s VC Arm
Zipmex, a Singaporean digital assets platform, has raised US$41 million in its Series B funding round where Bank of Ayudhya’s venture capital arm Krungsri Finnovate was a lead investor. The fundraise was also joined by Plan B Media Public Company
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NETS Appoints UOB’s Head of Group Tech and Operations as New Chairman
Network for Electronic Transfers (NETS), a Singaporean electronic payment service provider, announced the appointment of Susan Hwee, UOB’s Head of Group Technology and Operations as its new Chairman, her appointment takes effect from 1 September 2021 onwards. The chairmanship of
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APAC E-Commerce Customers Embrace Digital Wallets and Buy Now, Pay Later
In Asia Pacific (APAC), customers are embracing new payment methods such as digital wallets and buy now pay later (BNPL) arrangements for their online purchases, found a new research by Stripe in partnership with Edgar, Dunn & Company. A survey
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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework
When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these
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Vietnamese Digital Bank Cake Taps Mambu’s Cloud Platform to Scale Its Operations
Vietnamese digital bank Cake announced that it has selected cloud banking platform Mambu to scale its business towards offering a full suite of digital banking services. Launched in January 2021, Cake is a collaboration between Be Group, the organisation behind
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Australian Fintech Startups Seek Singapore Investors to Help Fund SE Asian Expansion
With more and more Australian fintech companies interested in expanding into Asia, nine Aussie fintech startups will be showcasing their solutions during the Singapore Fintech Festival (SFF)’s Deal Fridays. Deal Fridays, jointly organised by the Monetary Authority of Singapore (MAS)
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StanChart Forms JV with Linklogis for Blockchain-Based Trade Finance Platform
Standard Chartered has formed a joint venture with Linklogis, a supply chain finance technology solution provider in China, to establish a blockchain-enabled trade finance platform dubbed as Olea. The bank said that Olea is a fully-digitised trade finance origination and
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Meet the 15 Finalists for MAS’ Global CBDC Challenge
The Monetary Authority of Singapore (MAS) has announced the 15 finalists who have developed retail Central Bank Digital Currency (CBDC) solutions for the Global CBDC Challenge. The finalists, comprising financial institutions, fintechs and technology solution providers, will progress to the
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What Are NFTs? Behind the Trend That’s Taking the World by Storm
In March 2021, Mike Winkelmann, a digital artist, sold a piece of his digital art for a whopping $69.3 million. The buyer of the piece called ‘Everydays: The First 5,000 days’, was Vignesh Sundaresan, a blockchain entrepreneur who is based
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