Archive
DBS PayLah! Users Can Now Scan UnionPay QR Codes to Pay in 45 Countries
DBS PayLah! users can now make payments to retailers in 45 countries using UnionPay’s QR Code payment option. DBS is the first Singapore bank to enable this service. The service is the result of a collaboration between DBS, UnionPay International
Read More
Partior Sets up Development Center in India, Makes Several Key Appointments
Partior, a blockchain technology provider for payments clearing and settlement, has set up its new Hyderabad Development Center in India and made several appointments to its leadership team. The Hyderabad Development Center is the first in the company’s line-up of
Read More
Singapore Fintech Helicap Raises US$5 Million from Tikehau Capital, PhillipCapital
Fintech investment platform Helicap announced that it has raised US$5 million in a funding round from global asset managers Tikehau Capital and PhillipCapital. Jean-Baptiste Feat, Global Co-CIO of Tikehau Capital and Grace Tang, Executive Director at Phillip Private Equity, will
Read More
MAS Taps AI-Powered NovA! For Green Financing as Its First Use Case
The Monetary Authority of Singapore (MAS) announced the first use case of NovA! to help financial institutions (FIs) assess the sustainability performance of Singapore’s real estate sector. NovA! is a part of the National Artificial Intelligence (AI) Programme in Finance
Read More
Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector
The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory
Read More
Experian Says 25% Of Consumers Were Victims of Online Fraud in Asia Pacific
Consumer financial data service provider Experian found that a quarter of consumers across Asia Pacific (APAC) have been victims of online fraud, but across all markets surveyed in the region, many remain unconcerned about fraud and identity theft amidst today’s
Read More
Bybit Plans Massive Layoffs to Remove Dead Weight to Face Crypto Winter
Cryptocurrency exchange Bybit plans to lay off up to 30% of its workforce saying that while the organisation’s size had grown exponentially, the pace of its overall business growth has lagged. According to an internal email by Ben Zhou, Co-founder
Read More
Singapore and French Regulators Carry Out Joint Cyber Crisis Exercise
The Monetary Authority of Singapore (MAS), the Banque de France (BdF) and the Autorité de contrôle prudentiel et de résolution (ACPR) had carried out a joint crisis management exercise focused on cybersecurity threats. Backed by the Banque de France, ACPR
Read More
Fintech Companies in Southeast Asia Raised US$1.4B in Q1 2022
After underwhelming performances in 2020, fintech funding in Southeast Asia regained some of its strength in 2021, a dynamism that remained in Q1 2022. During the first quarter of the year, Southeast Asian fintech companies raised a total of US$1.4
Read More
Indonesia’s Finantier Joins Mastercard’s New Start Path Open Banking Programme
Indonesia’s Finantier was one of the five open banking startups from around the world join Mastercard’s new Start Path Open Banking programme. Other companies handpicked for this inaugural class include Dapi, mmob, Mono and Paywallet. These five companies will join
Read More