Archive
HSBC Inks US$575 Million Deal To Acquire AXA Singapore’s Insurance Assets
HSBC said that it has entered into an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for US$575 million. The intention of this deal is to merge the operations of HSBC Life Singapore and AXA Singapore,
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How Are SMEs in Singapore Supported on Their Digital Transformation Journey?
The onset of the pandemic has highlighted the importance for companies to embrace a digital transformation process for their businesses to stay resilient. Digital transformation can be advantageous when it comes to optimising operations, transforming products, and empowering employees. The
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Mambu: Fintech Innovation Could Solve Indonesia’s Financial Inclusion Challenges
A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able to
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BRI Ventures to Launch Indonesia’s First VC Course With Local University
BRI Ventures, the corporate venture capital arm of Indonesia’s state-owned BRI Group, has collaborated with the School of Business and Management ITB (SBM ITB) to launch venture capital university courses in 2021. Reportedly the first of its kind in Indonesia,
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MAS Set to License DBS’ Brokerage Arm for Digital Payment Token Services
DBS Vickers (DBSV), the brokerage arm of DBS Bank, has received in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide digital payment token services. DBSV is one of the first few financial
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GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand
Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint
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Visa Makes It Easy to Receive Funds in Vietnam From Abroad
Visa has partnered with Vietnam banks to make it easier for Visa debit cardholders to receive inbound remittances using MoneyGram and Remitly. Powered by Visa Direct, cardholders will receive the funds directly to their accounts in near real-time. Vietnam is
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Vietnamese Digital Bank Timo Taps Mambu’s Cloud Banking Platform
Vietnamese digital bank Timo announced that it is partnering with SaaS cloud banking platform Mambu to leverage the benefits of a cloud native core banking platform to significantly scale its business. Timo said that its “collaboration with both Mambu and
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Napier Provides AML Controls for Cross-Border Payments Specialist ONEPIP
Napier, provider of advanced anti-financial crime compliance solutions, has announced that cross-border payment specialist ONEPIP will be using its technology as part of the latter’s upgraded anti-money laundering (AML) controls. The regtech firm’s AI-led transaction monitoring, client activity review and
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Consistent, High-Quality and Self-Verifiable Financial Advice for Everyone, Anywhere and Anytime
The effects of COVID-19 global pandemic can be seen in the change of finances for many. Prolonged loss of income, heightened awareness of the need for health insurance and begrudged acceptance of the changed landscape of life milestones such as
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