Archive
Paxos Secures MAS’ In-Principle Approval for Digital Payment Tokens Services
Paxos, a regulated blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act. With this license, Paxos is now able to offer its
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Asian Firms Are Quick to Embrace Zero Trust Security Framework, Okta Survey Says
Over the past year, organisations in Asia have embraced the zero trust security framework at a fast pace, recognising the need to upgrade their IT security strategy to address the ongoing digital shift, according to a new survey by Okta,
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Funding Societies Taps MatchMove to Power Real-Time Fund Requests for Its Virtual Card
Southeast Asian SME digital financing platform Funding Societies has selected Banking-as-a-Service (BaaS) provider MatchMove to offer virtual card solutions to their Micro, Small, and Medium-size enterprises (MSME) clients in addition to their approved loans at affordable interest rates. The M-JIT™
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5 Early-Stage Fintech Startups from Vietnam to Follow in 2022
2021 was a fruitful year for Vietnam’s fintech sector which saw rising consumer adoption of digital financial solutions amid COVID-19 restrictions and continued investor interest in the growth prospect of the sector. Vietnamese fintech companies raised a total of US$375
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Japan’s MUFG Bank to Invest US$300 Million in Middle- To Late-Stage Indian Startups
MUFG Bank announced that it plans to invest US$300 million in middle- to late-stage Indian startups through the new MUFG Ganesha Fund. In the future, MUFG said that it will aim to leverage its group strengths to provide a wide
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Igloo Raised US$19 Million Series B, Promotes Raunak Mehta as Co-founder and CEO
Regional insurtech firm Igloo announced that it has raised US$19 million in Series B funding round and promoted Raunak Mehta as its new Co-founder and Chief Executive Officer (CEO). The round was led by Cathay Innovation with participation from ACA
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Silent Eight Secures US$40 Million in Series B Funding Round
Silent Eight, a Singaporean regtech startup leveraging artificial intelligence (AI), announced the closing of a US$40 million Series B funding round, bringing its total funds raised to US$55 million. This round brings the firm’s total valuation to four times its
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There Is No Need for a Digital Sing Dollar Now, Says MAS
The Monetary Authority of Singapore (MAS) believes that there is no pressing need for the issuance of a digital Sing dollar even though the country is ready for it, according to Lawrence Wong, Deputy Chairman of MAS and Minister for
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Sygnum Singapore Gets In-Principle Approvals to Expand Digital Asset Offerings
Sygnum, the digital asset technology group based in Singapore and Switzerland, has received in-principle approvals from the Monetary Authority of Singapore to expand its digital asset product offerings. The company already has an existing Capital Markets Services (CMS) license and
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Visa Partners With VNPAY for Digital Payments Push in Vietnam
Visa has entered into a strategic partnership with Vietnamese electronic payment solutions provider VNPAY to enhance the digital payments experience in the country. The partnership aims to make cashless payment more accessible in Vietnam through the expansion of VNPAY’s affiliate
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