Archive
OCBC Appoints Veteran Banker Noel Gerald DCruz as Group Chief Risk Officer
OCBC Bank announced the appointment of veteran banker Noel Gerald DCruz as Group Chief Risk Officer from 1 January 2023, succeeding Vincent Choo who will stay on as an adviser. DCruz joined OCBC in 1989 after a stint in the
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Temasek Latest to Write Down US$275 Million Investment to Zero in FTX
Singapore’s state-owned investor Temasek announced that it has decided to write down its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome of its bankruptcy protection filing. Temasek had invested US$210 million for a minority stake of ~1%
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The FTX Collapse: Sam Bankman-Fried’s Dramatic Fall From Grace
In a dramatic turn of events, FTX filed for bankruptcy protection in the United States, with CEO and founder Sam Bankman-Fried resigning from his role. This was after Binance pulled the plug on its acquisition of FTX in a remarkable
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Google Wallet Lands in Vietnam, Thailand and Malaysia
Google Wallet has now been extended to three additional Southeast Asian countries – Vietnam, Thailand and Malaysia – making it available in 57 countries total. In Vietnam, the feature is currently only supported for Visa cardholders while Mastercard will be
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43 New Challenger Banks Have Entered the Market This Year
Over the past year, 43 new digital challenger banks have been launched around the world, bringing the total number of players to 291, data acquired by Finbold, a platform that covers news on finance, cryptocurrencies and fintech, show. The figure
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Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit
The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO and co-founder of Binance, warned during a recent industry event
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Streaming Platform Bigo Live Partners TripleA to Enable Users to Pay With Crypto
Social live streaming platform Bigo Live has partnered with crypto payment gateway TripleA to enable their users to top up account by paying with cryptocurrencies. The crypto payments, which includes Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC),
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Binance to Set Up Industry Recovery Fund Following FTX’s Collapse, Says CZ
Cryptocurrency exchange giant Binance’s Chief Executive Officer Changpeng ‘CZ’ Zhao announced plans for an industry recovery fund amidst FTX’s staggering collapse in recent weeks. CZ also called upon other like-minded industry players with resources to co-invest in the fund to
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3 Ways Machine Learning Can Enhance Your Lending Process
A vast majority of the populations in the emerging markets of Southeast Asia, Latin America, and India are at the cusp of financial inclusion, thanks to the growing availability and adoption of digital lending services. The fintech-as-a-service market is predicted
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R3 Teams up With ADB to Explore Use of Blockchain in Sustainability, Digital Assets
Global enterprise software firm R3 has partnered with the Asian Development Bank (ADB) to explore the use of distributed ledger technology (DLT) in driving digital transformation. The partnership involves a proof-of-concept (POC) project aimed at establishing a cross-border multi-currency securities
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