Archive
HSBC Deepens Investment in Asia With New Singapore Head Office
HSBC announced the official opening of its new head office at Marina Bay Financial Centre Tower 2 (MBFC) as part of its long term commitment to Singapore. The new head office includes over 140,000 sq ft of space over the
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ADDX Extends Pre-series B Round With US$20 Million Raise Led by Korea’s KB Securities
Global private market exchange ADDX announced that it has raised approximately US$20 million in an upsized Pre-Series B round led by KB Securities, a subsidiary of Korea’s KB Financial Group (KBFG). The round kicked off in May 2022 when ADDX
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India’s Central Bank Spurring a Digital Payments Boom
India’s Central Bank has been digitising the country’s payment process at a rapid speed. The digital payment index (DPI), a metric used by the Reserve Bank of India (RBI) to determine the growth of digital payments across the country, rose to 349.30
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Five ASEAN Central Banks Sign MoU for Regional Payment Connectivity
Five central banks in ASEAN announced that they have inked a Memorandum of Understanding (MOU) to collaborate on regional payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. Signed at the G20 Leaders’ Summit, the central
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Indonesian Digital Trust Startup Privy Raises US$48 Million Series C
Indonesian digital signature and identity provider Privy announced that it has secured US$48 million in a Series C funding round led by global investment firm KKR. The round also witnessed participation from existing investors MDI Ventures, GGV Capital and Telkomsel
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New York Fed Reserve Partners With MAS to Explore Wholesale CBDCs
The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) announced a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments
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Singapore Fintech Festival 2022 Saw Its Largest Turnout With Over 62,000 Participants
The Singapore Fintech Festival (SFF) this year brought together more than 62,000 participants from over 115 countries, emerging as its largest gathering to date since the inaugural edition in 2016. SFF 2022 featured more than 850 speakers from private and
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Women on Top: The Fintech Industry Still Comes up Short
Women have made great strides in the financial sector in recent years. However, they are still woefully underrepresented in leadership positions within fintech companies. This is a problem not just for women but for the industry as a whole. There
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Bank Rakyat Indonesia Bolsters Its Digital Savings Offering to Expand Its Reach
Indonesians have been increasingly turning towards a digital lifestyle especially during the pandemic where banks were forced to accelerate their digitisation to accommodate their customers’ needs. In line with this, banks need to create a digital platform that performs as
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Huawei, IMDA Launch Spark Incubator for Fintech, Metaverse and SaaS Startups in Singapore
Huawei has partnered with the Infocomm Media Development Authority’s (IMDA) PIXEL Innovation Hub to launch the inaugural Spark Incubator programme in Singapore. The programme aims to support pre-seed and seed stage fintech, metaverse, and software as a service (SaaS) startups
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