Archive
Binance Appoints New Australian CEO, Reiterates Regulatory Focus Moving Forward
Crypto exchange platform Binance Australia has announced the appointment of Leigh Travers as its Australian Chief Executive Officer. Travers was formerly the CEO and Director of DigitalX, a digital asset funds management firm listed on the Australian Securities Exchange, where
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InvestHK Calls for Applications From Fintechs Planning to Scale up in Asia
InvestHK, a Hong Kong government’s department responsible for attracting and retaining foreign direct investment, is offering a free-of-charge, comprehensive soft landing programme to support eligible fintechs and accelerate their scaling opportunities in Hong Kong and beyond. The Hong Kong Fintech
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Indonesian BNPL Kredivo Begins SE Asian Expansion Plans with Vietnamese Launch
Kredivo, an Indonesian Buy Now, Pay Later (BNPL) platform, announced its expansion into Vietnam through a joint venture with Phoenix Holding, a family investment company based in the country. This move comes on the heels of the announcement by FinAccel,
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Why Digital Ecosystems Are Key for Incumbents to Tap a US$25 Billion Opportunity
In Southeast Asia, the emergence of fintech startups and the entrance of bigtechs and platform services providers into the financial services space are shaking up the industry, forcing traditional financial services businesses to collaborate with other ecosystem participants and venture
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Explosion of Data Fuels Demand for Regtech Amidst Growing Regulatory Complexity
The proliferation of data and an ever-so complex regulatory environment are driving the rise of regtech, forcing financial institutions to look for new ways and tools to comply, experts said during a panel discussion. During Fintech Fireside Asia’s latest virtual
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PayPal Offers Tech Jobs to Expand Singapore Workforce by 25% With IMDA Partnership
PayPal has partnered with the Infocomm Media Development Authority of Singapore (IMDA) to grow its Singapore workforce by nearly 25%. The move supported by the Digital Industry Singapore (DISG) as PayPal’s expansion looks to deliver on its goal of leveraging
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OCBC Recovers US$8 Million in Fraudulent Transactions With Its Surveillance System
OCBC Bank has recovered US$8 million worth of fraudulent transactions within the first year of the deployment of its Fraud Surveillance System (FSS) that was developed together with SAS Institute, a software analytics company. In 2020, OCBC reported that more
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Retail Banks Increasingly Turning to Financial Wellness Apps for Competitive Edge
Digital banking software provider Backbase’s new study found that Singapore’s retail banking sector is struggling to keep its lead against digital-only disruptors and soon-to-launch digital banks. The “State of Banking and Financial Wellness” study conducted by Forrester Consulting reveled that
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UOB’s FinLab Launches Accelerator Programme for Aspiring ‘Mumpreneurs’
UOB’s innovation accelerator The FinLab and Mumpreneurs-Go-Places, an arm of Mums@Work, launched an accelerator programme for aspiring mum entrepreneurs. The Business Transformation Programme is a comprehensive five-week virtual accelerator programme aims to equip aspiring women entrepreneurs, particularly mothers, with the
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Thunes Expands Cross Border Payments to Pakistan Through Bank Alfalah Partnership
Global payments network Thunes announced a partnership with Pakistan’s Bank Alfalah to enable real-time affordable cross-border payments to consumers in the country. Thunes said that this partnership will “enable payments not just to Bank Alfalah’s clients, but to all of
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