Archive
Leverage Third-Party Data to Prevent Fraud and Decrease Defaults
In areas where a majority of applicants lack traditional credit scores, fintech companies typically base their lending decisions on information they collect directly from the applicants. Fintech firms find this challenging as the data is frequently insufficient for preventing fraud
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Indonesia Fintech Report and Map 2020
Indonesia has the world’s 16th largest economy and is the world’s fourth most populous country with 274 million people, out of these 84% below the age of 54. With Internet penetration standing at 67% and financial inclusion remaining a key
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Southeast Asia Fintech Opportunity Pushes Startup Valuations Further Up
Southeast Asia’s large population of unbanked and growing Internet penetration make it a hotbed for fintech innovation and an attractive market for e-wallets and neobanks. Despite currently lagging behind more developed markets like Australia, the US and the UK, the
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UOB Launches Financing Platform to Drive Energy Efficiency for Buildings, Home Owners
UOB has launched U-Energy, an integrated financing platform to drive the development and adoption of energy efficiency projects for buildings and homes across four markets, starting in Singapore. The bank said that this first of its kind financing platform will
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Nicolas Mas Joins Zenika as the New CTO for APAC
Software development company Zenika announced that Nicolas Mas has joined the executive team as Chief Technology Officer in Singapore to support its next phase of growth in the Asia Pacific region. Nicolas will be responsible for handling all technical aspects
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Mastercard, Grab to Provide Digital Upskilling for Millions of Informal Workers and SMEs
Mastercard and Southeast Asian superapp Grab announced a regional partnership to provide millions of informal workers and small businesses on the latter’s platform access to digital upskilling opportunities This push to advance digital and financial inclusion in the region aims
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Flex’s Advanced Spend Controls & Automated Accounting Help Save Time and Costs
Managing a business involves a whole host of administrative duties. For a small and medium enterprise (SME) owner with a small team, this means wearing multiple hats: marketing the business, managing manpower, paying for rent. Expenses are varied and there
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Global Processing Services Raises US$300 Million From Advent, Viking
Payment technology platform Global Processing Services (GPS) announced it has raised over US$300 million from Advent International and Viking Global Investors, who will co-control the company. The investment by Advent will be funded through Advent Tech and Sunley House Capital,
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Singaporean Insurtech Surer Raises US$1 Million in Seed Funding Round
Surer, a Singaporean cloud-based insurtech platform, announced that it has raised US$1 million during a seed funding round. The insurtech raised the funds from Norwegian private investment company Kistefos, global specialist insurer Markel Corporation through its insurtech investing arm, Markel Digital
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Booming Indonesian Digital Finance Sector to See Revenues Reach US$8.6B by 2025
Indonesia, the largest economy in Southeast Asia and the eighth largest in the world in terms of purchasing power parity, has become one of the fastest growing fintech markets in the region. By 2025, digital financial services revenues in Indonesia
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