Archive

Global Processing Services Appoints Fiserv’s Kevin Schultz as CEO

Payment technology platform Global Processing Services (GPS) announced that it will be promoting its current CEO, Joanne Dewar, to Vice Chair while Kevin Schultz takes her place effective immediately. Joanne will maintain her position on the GPS board, where she

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Climate Impact X Leverages Nasdaq’s Tech to Power Its New Spot Trading Platform

Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, has selected Nasdaq to power its new global carbon exchange to help unlock price transparency and liquidity in the voluntary carbon market. The agreement will see CIX

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Indonesian Social Commerce Firm Mapan Secures US$15 Million Series A

Indonesian social commerce startup Mapan announced it has closed a US$15 million Series A funding round. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of PT Astra International, with participation from BRI Ventures, SMDV,

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Huobi Global to Slash Workforce by 30% Following String of Failed Expansions

Cryptocurrency exchange Huobi Global might lay off more than 30% of its workforce due to a sharp drop in revenue, according to crypto reporter Colin Wu. This was due to Beijing’s crypto ban which forced Huobi to drop its Chinese

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Volt Becomes Second Australian Neobank to Shutdown as Funding Dries Up

Australian neobank Volt announced that it will be shutting down its deposit-taking business, return all deposits to its customers and turn in its banking license. The neobank has advised its account holders to transfer any balances in their Volt accounts

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Funding Societies Inks Deal to Acquire CardUp

Funding Societies, a Southeast Asian digital financing platform for small and medium enterprises (SMEs), today announced that it is acquiring regional payments solution, CardUp, for an undisclosed sum. The acquisition is subject to regulatory approvals. Through the move, Funding Societies

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APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner

Despite realizing the opportunities brought about data and analytics, banks and financial institutions in Asia-Pacific (APAC) are still struggling to draw critical insights from their data in an effective and timely manner. This is one of the findings drawn from

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Less Than 5% of the World’s 400 Neobanks are Profitable

Neobanking has been one of the most talked-about fintech segments of the past decade, a buzzing industry that’s seen an average of 68 new ventures being launched each year since 2017, data from consulting firm Simon-Kucher show. But despite the

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Matrixport’s Cactus Custody Rolls Out Institutional Custody Service for NFTs

Matrixport, a digital assets financial services ecosystem, announced the launch of Warm and Cold custody services for Non-Fungible Tokens (NFTs) via its third-party institutional custody service, Cactus Custody™. This latest NFT asset management offering provides institutions the ability to safely

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DPM: Singapore and Switzerland to Deepen Ties to Break New Grounds in Fintech

Global financial centers such as Singapore and Switzerland need to set aside competition to collaborate on new frontiers as pioneering work thrives on the circulation of innovation and ideas said Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for

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