Archive
NFT Marketplace OpenSea to Slash 20% Of Its Workforce
OpenSea, a non-fungible token (NFT) marketplace, will be laying off about 20% of its staff citing the crypto winter and broad macroeconomic instability as the reason according to a tweet by Co-founder and CEO Devin Finzer. He said that those
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BaaS Needs to Double Down on Cross-Industry Partnerships to Fuel Growth
Banking as a Service (BaaS) is seen as one of the biggest opportunities in financial services and is experiencing rapid growth in APAC. Indeed, almost 9 out of 10 APAC executives surveyed by Finastra said they had already implemented BaaS
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Cambodia’s ACLEDA Bank Picks FSS to Consolidate Its Merchant Operations
FSS Technologies Singapore, a provider of banking and payment technology solutions, announced a partnership with Cambodian commercial bank ACLEDA. The multi-product deal aims to consolidate and digitally transform ACLEDA’s nationwide merchant operations and automate its terminal monitoring, reconciliation and settlement
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Matt Hicks Succeeds Paul Cormier as Red Hat’s President and CEO
Red Hat, a provider of open source solutions, announced that it has named Matt Hicks as its President and Chief Executive Officer. Hicks, who previously served as Red Hat’s Executive Vice President of Products and Technologies, succeeds Paul Cormier, who
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Hugosave Completes US$4 Million Pre-series A Fundraise
Hugosave, a Singapore-based Wealthcare® and savings app, announced the completion of its US$4 million pre-Series A funding round, bringing the total amount of funds raised to US$10.5 million. The majority of funding was provided by current shareholders, including 1982 Ventures
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Vietnam’s Banking Execs Call for Open Banking Framework
In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution. Praising the opportunities brought about data sharing,
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Capgemini Appoints Wendy Koh to Lead Its Southeast Asia Business
Capgemini, a multinational information technology services and consulting company, announced that it has appointed Wendy Koh to lead its growing business across Southeast Asia. Koh brings more than 25 years of industry sales, strategy and general management experience across Asia
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KASINKORNBANK Invests Bht 100 Billion to Drive Financial Inclusion in Thailand
KASINKORNBANK (KBank) announced a Bht 100 billion strategic programme aimed at boosting access to banking services among Thailand’s unbanked and underbanked population as well as Micro, Small and Medium Enterprises (MSMEs) and the self-employed. The programme includes accelerated investments in
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Earned Wage Access Startup Kini Raises US$ 4.3 Million Seed Funding
Kini, an Indonesian on-demand payroll provider, raised US$4.3 million in a seed funding round led by East Ventures, with participation from other investors. The firm will allocate the fresh funds to continue building out its HR-fintech product suite as well
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Insurance Software Provider Ancileo Bags US$3 Million Seed Funding From Fermion
Ancileo, a Singapore-based software as a service provider (SaaS) for the insurance ecosystem, announced has raised US$ 3 million seed funding from Fermion. According to Ancileo, it will gain access to some 230 banks and 150 insurers to offer digital
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