Archive
Global Fintech Funding is On The Decline with Largest Quarterly Fall in a Decade
After a blockbuster year 2021, the venture capital (VC) market for startup investment is now pulling back amid uncertain macroeconomic conditions and market turmoil. Funding is dropping, mega-rounds of US$100 million and up are declining in number and fewer unicorns
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MAS-Regulated Digital Asset Exchange SDAX Has Officially Launched
SDAX, an integrated digital investment and trading platform regulated by the Monetary Authority of Singapore (MAS), has officially launched. The platform offers access to curated institutional-grade investments focusing on real estate and ESG to institutional, accredited and retail investors. The
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How Are Asia’s Leading Lenders Leveraging Artificial Intelligence?
In Asia Pacific (APAC), artificial intelligence (AI) and machine learning (ML) are increasingly being deployed in credit and risk functions for improved credit assessment, credit scoring and fraud detection. Moving forward, AI will no longer be an option for banks
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MAS Join Hands With Google Cloud to Drive Climate Fintech Innovation in Asia
The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate fintech solutions in Asia over the next three years. The programme is a collaboration
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4 Ways Alternative Data Is Improving Fintech Companies in APAC
Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging predictive models built using artificial intelligence and machine learning to support core business functions such as risk decisioning. According to
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Zipmex Resumes Withdrawals, Writes off Celsius’ US$5 Million Loan
Singapore-based cryptocurrency exchange Zipmex announced that it will resume trade wallet withdrawals for its global and Singapore users. The firm added that it is working on reenabling the withdrawal functionality to all users who have assets in their Z-wallet (subscribers
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OneConnect Rolls Out All-In-One Digital Banking Solutions Suite With Pismo
OneConnect Financial Technology, a technology-as-a-service (TaaS) provider and an associate of Ping An Group, announced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking solutions jointly developed with Brazil-based technology company Pismo. The platform leverages technology such
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Sleek’s Foray into Singapore’s Dynamic SME Digital Finance Space
Sleek, an online corporate services provider, is looking to expand its footprint in Singapore’s vibrant small and medium-sized enterprise (SME) digital banking space, announcing on June 13, 2022, the launch of an array of new products designed to complement its
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Singapore-Based Crypto Exchange Zipmex Halts Withdrawals Due to Market Conditions
Singapore-based cryptocurrency exchange Zipmex announced that it will be pausing withdrawals on its platform until further notice. Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has joined the likes of Vauld to halt withdrawals during this crypto downturn. On
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Singlife With Aviva Is Now a UN Sustainability Signatory
Homegrown insurer Singlife with Aviva announced that it has become an official signatory of the United Nations’ Principles for Sustainable Insurance (PSI), a global sustainability framework and initiative of the United Nations’ Environment Programme Finance Initiative (UNEP FI). Singlife is
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