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Insiders Reveal Top ASEAN Payments Predictions in 2023
Heading into 2023, it is a time of uncertainty for financial institutions offering payments. There is strong economic pressure on companies dealing in finance and technology globally, including in the ASEAN region due to a variety of macroeconomic factors. It’s
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Are Singapore Fintech Jobs Recession-Proof?
As the spectre of recession looms large over the region, tech startups have been cutting back on costs and resorting to mass layoffs. Fintech companies in Singapore have been likewise affected, and the prospect of promising jobs in the bustling
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MAS Grants In-Principle Approval to Payments Firm Flywire
Payments firm Flywire announced that it has secured in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS). With the in-principle approval, Flywire will be able to provide domestic money transfer services, cross-border money transfer
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Singapore Fintech Pilon Raises US$5.2 Million Seed Funding
Pilon, a Singaporean fintech providing cloud-based supply chain financing system, has secured US$5.2 million in both debt and equity during a seed funding round. The round was led by Wavemaker Partners with participation from Octava and Polaris Kin. Pilon said
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4 Tips to Pay Off Your Debt Without Being Overwhelmed
Are you struggling to pay off your student debt loans amid rising interest rates and increasing financial insecurity? Paying off debt can prove overwhelmingly stressful, especially if you spend uncontrollably and struggle to control your urges. Millions of Americans struggle
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Thailand to Issue 3 Digital Banking Licenses Next Year – All You Need to Know
With the rise of fintech, traditional banks are being disrupted by nimbler, more customer-centric digital banks; it seems that the future of banking lies in the digital world. The traditional brick-and-mortar banking model’s role has been reduced in the digital
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ConsenSys to Downsize Workforce by 11%
Blockchain software firm ConsenSys announced that it will layoff 11% of its workforce to adjust to challenging and uncertain market conditions in a blog post. ConsenSys’ CEO Joseph Lubin said that the 96 employees being laid off will receive “extensive support
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Gojek Appoints Sumit Rathor as the General Manager for Vietnam
Southeast Asian ride-hailing company Gojek announced that it has appointed Sumit Rathor as the General Manager for Vietnam. Sumit will be succeeding Duc Phung who is the Co-founder and former General Manager of Gojek Vietnam since 2020. Phung will be
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Payments Firm HPS Sets up New Singapore Office to Support Asia Growth
HPS, a global provider of payment solutions and services, announced the opening of a new office in Singapore to support its continued growth in Asia. The company first established a presence in Singapore in 2017 to take advantage of Asia’s
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The Growing Threat of Cybercrime as a Service to Asia’s Financial Institutions
The growth of internet usage, online banking, and digitalization of financial services has increased cybercrime and cyber criminals’ attack surface. Financial institutions are a prime target for cyber-attacks due to the large amounts of data and money they hold. In
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