Archive
Are Banks Ready to Say Goodbye to Passwords?
Passwords have been around for decades, having first been introduced back in the 1960s as a concept of authentication to cybersecurity. Since then, technology has evolved, consumer behavior has changed, and the cyber threat landscape has morphed into a complex
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Web3 Startup Treehouse Raises US$18 Million in Seed Funding
Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralised finance (DeFi) investors make informed financial decisions, announced an US$18 million seed round raise. An undisclosed investor led the round with participation from strategic investors, including Lightspeed
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Funding Societies Announces US$16 Million Employee Stock Option Plan Buyback
Southeast Asian SME digital financing platform Funding Societies has announced its Employee Stock Option Plan (ESOP) buyback for existing and former employees worth US$16 million (RM67 million). This is Funding Societies’ fourth ESOP buyback where the previous one saw its
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Hodlnaut Gets MAS’ In-Principle Approval for Digital Payment Tokens Services
Cryptocurrency platform Hodlnaut announced that it has received in-principle approvals from the Monetary Authority of Singapore (MAS) to be a Major Payment Institution License under the Payment Services Act. Hodlnaut currently offers two digital payment tokens (DPT) services, namely its
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STACS Launches Its Full Suite of ESG Solutions in Sustainable Finance Push
STACS (Hashstacs), a blockchain-based fintech firm focused on Environmental, Social, and Governance (ESG), has announced the launch of its full suite of ESG solutions. The full suite of ESG solutions – ESGpedia, Vetta smart contract platform, and ESG Playbooks –
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FinAccel Scraps SPAC Merger Deal With Victoria Park
FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, has scrapped its plans to merge with VPC Impact Acquisition Holdings II (VPCB), a publicly traded special purpose acquisition company sponsored by Victory Park Capital (VPC). Unfavorable
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Zalora to Offer Pace’s BNPL Payment Option in Singapore and Malaysia
Pace Enterprise, a Singaporean Buy Now Pay Later (BNPL) company, has announced a regional partnership with ZALORA. Pace is currently available to Zalora customers in Singapore and Malaysia. The partnership gives ZALORA shoppers the option to split their transactions into
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Revolut Eases Requirements to Set up Account for All Ukrainian Refugees
Revolut has eased many of the requirements needed to set up an account for all refugees regardless of nationality, fleeing Ukraine following the Russian invasion. The company has also done away with a number of FX and top-up fees to
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KASIKORN’s Tech Arm Is Now a Member of the MIT Media Lab
KASIKORN Business-Technology Group (KBTG) announced that it has become a Consortium Research Lab Member at the MIT Media Lab to conduct frontier tech research for next-generation financial services. The MIT Media Lab is an academic research institute where US domestic
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7 Early-Stage Fintech Startups from Indonesia to Follow in 2022
In Southeast Asia, Indonesia is fast becoming a fintech powerhouse as investors continue to pour money into young, innovative startups seeking to tap into the country’s massive population of underbanked. In the first nine months of 2021, Indonesian fintech companies
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