Archive
Artificial Intelligence as a Catalyst to Accelerate Financial Inclusion
The use of Artificial Intelligence (AI) in financial services is all over the news, with some reports estimating it to be a US$450 billion opportunity. But what’s the real story around what AI can do? Beyond just automating certain processes,
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Over a Quarter of Banks Report Improved Revenue After Implementing AI
Adoption of artificial intelligence (AI) is growing rapidly in the financial services sector, as organizations all seek to benefit from the advantages brought about by the technology, including streamlined processes, task automation and improved customer experience. A new survey conducted
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Payment Giant Stripe Rolls Out Automated Tax Solution in Singapore
Stripe, a global payments firm, has announced the launch of Stripe Tax in Singapore. This helps domestic businesses automatically calculate and collect consumption tax, better known as goods and services tax (GST), in Singapore, as well as sales tax, value-added
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BNPL Predicted to Be Singapore’s Fastest Growing Online Payment Method by 2025
In Singapore, alternative payment methods including buy now, pay later (BNPL) arrangements and digital wallets, are surging in popularity. By 2025, fintech software provider FIS projects that these payment methods will make up half of online payments, with BNPL forecasted
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2C2P to Integrate hoolah’s BNPL Offering for Merchants
Payments firm 2C2P announced its regional partnership with hoolah, a Singaporean Buy Now Pay Later (BNPL) provider. The partnership enables 2C2P to offer hoolah’s service to merchants in Singapore, Malaysia and Hong Kong, and extend to new markets through 2022.
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Climate Impact X Launches Global Carbon Marketplace for Meaningful Climate Action
Climate Impact X (CIX), a global carbon exchange and marketplace, has announced the launch of its Project Marketplace, a digital platform for businesses and carbon project suppliers to list, discover, compare, buy and retire quality carbon credits. It aims to
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Payday Loans 101: Everything You Need to Know
If you’re considering payday loans as an option to get through to your next payday, it’s important to understand all the facts first. Here is an overview of what payday loans are, how they work, and some things you should
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Digital Treasures Center Gets In-Principle Approval for Digital Payment Token Services
The Monetary Authority of Singapore (MAS) has granted in-principle approval to Digital Treasures Center (DTC), a payment company based on distributed ledger technology. With a license under the Payment Services Act to offer Digital Payment Token services, DTC will be
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Earned Wage Access Firm wagely Raises US$8.3 Million in Pre-series A Funding
wagely, an Indonesian financial wellness platform, announced that it has raised US$8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding
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Indonesia’s GoTo Set to Raise up to US$1.1 Billion With IPO
Indonesia’s GoTo Group announced its plan to carry out an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The IPO is expected to raise proceeds of at least IDR 15.2 trillion (US$1.1 billion) plus an additional IDR 2.3
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