Archive
Despite Soaring Funding and Valuations, Indian Fintechs Struggle to Turn a Profit
India’s fintech industry has grown as a rapid pace over the past years, and stands today as the world’s third largest fintech startup hub. Locally, fintech companies raised a staggering US$29 billion in funding in the first seven months of
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MAS Collaborates With India’s IFSCA to Drive Fintech Innovation
The Monetary Authority of Singapore (MAS) and India’s International Financial Services Centres Authority (IFSCA) has signed a co-operation agreement to facilitate regulatory collaboration and partnership in fintech. Based in Gujarat, IFSCA is a unified authority for the development and regulation
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Tokenized Assets to Make up 10% of Global GDP by 2030
By 2030, blockchain-enabled asset tokenization is expected to grow fiftyfold into a US$16.1 trillion business opportunity, a rise which will be driven by demand for greater access to private markets and illiquid assets such as real estate and commodities, a
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Balancing Digital and Physical Channels in the New Era of Banking
The COVID-19 pandemic has led to a spike in demand for digital banking experiences, a shift which banks and financial services institutions around the world have responded promptly to by accelerating product roadmaps and enabling new digital experiences. But despite
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BNB Chain and Google Cloud Partner to Support Web3 and Blockchain Startups
BNB Chain and Google Cloud have formed a partnership to provide early stage Web3 and blockchain projects with foundational infrastructure, cloud computing credits, mentorship, and enhanced technical support. BNB Chain, a combination of BNB Beacon Chain and BNB Smart Chain,
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B2B Fintech Platform Fazz Raises US$100M Series C Led by Tiger Global
Southeast Asian fintech Fazz — a business account for businesses of all sizes to pay, save and get credit — has raised US$100 million in Series C funding. The US$75 million in equity includes investment from existing investors such as
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WhatsApp Puts Focus on Small Businesses; Bets on Social Commerce and Chat-Based Experiences
Social networking giant Meta Platforms is targeting opportunities related to commerce and payments, leveraging on the popularity of WhatsApp in emerging markets to establish the messaging app as a core communication tool and sales channel for small businesses. This ambition
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Singapore Poised to Become a Wealthtech Powerhouse
Singapore’s wealthtech sector is growing at a fast pace. Amid soaring venture funding and booming adoption of robo-advisors, the city-state is on a path to becoming a leading wealthtech hub in Asia-Pacific (APAC), a new report by KPMG and Endowus,
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Are You Ready for Emerging Fintech Opportunities?
From digital currencies to non-fungible tokens (NFTs), emerging technologies can streamline workflows, supercharge growth and unlock new streams of revenue. Digital transformation is disrupting nearly every industry, and the financial services sphere is no exception: Singapore, specifically, is home to
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MAS to Level Up Singaporeans’ Financial Health With New MoneySense Campaign
MoneySense’s “Level Up Your Financial Health” campaign has launched and will run until end November with in-person and mass media education programmes, as well as complimentary financial planning services and tools on its website. Created in 2003, MoneySense is Singapore’s
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