Archive

APAC Banks Lagging Behind on Digital Transformation

Banks across Asia Pacific are lagging behind the rest of the world when it comes to digitisation, with less than one third of banks in the region describing their digital transformation strategies as advanced or mature according to a new

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Financial Institutions Jump at APAC’s US$32 Billion Embedded Wealth Opportunity

In Asia-Pacific (APAC), embedded wealth is a US$32 billion opportunity per annum which financial institutions are eager to tap into. These are actively exploring the possibility to embed wealth services into third-party e-commerce and travel platforms to improve their revenue

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InvestaX Launches Securities Token Exchange in MAS’ Fintech Sandbox

InvestaX, a Singapore-headquartered online investment and trading platform for Digital Securities (DSO) and Security Tokens (STO), launches its exchange in the Monetary Authority of Singapore‘s (MAS) sandbox. The company said that its entry in the sandbox provides a one-stop shop

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Payments Firm OY! Indonesia Bags US$30 Million in Series A Led by SoftBank

Indonesian payments aggregator OY! Indonesia announced that it has raised US$30 million (Rp. 443.2 billion) in a Series A funding round led by SoftBank Ventures Asia (SBVA). The financing round was also joined by other prominent investors such as MDI,

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Singtel Dash, Etiqa Offer Free Insurance Coverage With Dash PET

Dash PET by Etiqa Insurance, an insurance savings plan created in partnership with Singtel Dash and Etiqa Insurance, has been helping users save better by providing access to high-returns savings in a low-interest environment since February 2021. From 9 September,

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Bhutan Set to Pilot Carbon-Neutral CBDCs With Ripple in Financial Inclusion Push

The Royal Monetary Authority (RMA), Bhutan’s central bank, announced that it will pilot a central bank digital currency (CBDC) in phases with Ripple’s CBDC solution. Building atop the country’s payments infrastructure and capabilities, this new initiative will tap Ripple’s CBDC

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Vietnam’s Digibank ÜBank Leverages Backbase to Roll out 50 New Features in a Month

Übank, Vietnamese digital bank powered by VPBank, has partnered with digital banking software provider Backbase to leverage its cloud solution to enhance the bank’s mobile banking experiences and offerings. The digital bank reportedly managed to release of nearly 50 new

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Google Pay Ties up With Fave to Offer Singaporean Users Loyalty Cashback

Fave, a fintech platform providing QR payments to restaurants and retailers, has announced a partnership with Google Pay to offer cashback to its Singaporean users. Merchants will now be able to connect with Google Pay users via the FavePay SGQR

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YouTrip Sets up Innovation Lab to Expand Team Ahead of Brand Revamp

Singapore’s multi-currency travel wallet YouTrip announced that it will be establishing an innovation lab in the country to fast-track its technology capabilities and product development. YouTrip’s expanded workforce in the innovation lab will be crucial in driving the development of

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Y Combinator-Backed Spenmo Closes US$34 Million Series A Fundraise

Singaporean payments firm Spenmo has raised US$34 million in an oversubscribed Series A investment round. It is touted to be the largest Series A round closed for a Y Combinator-backed company in Southeast Asia. The round was led by New

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