Archive
MAS: DBS’ Service Disruption ‘Unacceptable’, Bank Fell Short of Expectations
The Monetary Authority of Singapore (MAS) said that the disruption of DBS’ digital services yesterday is unacceptable especially since the bank experienced a similar incident in November 2021. MAS added that it takes “seriously the reliability of banks’ critical IT
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DBS Experiences digibank and PayLah! Service Disruption
DBS Bank announced that its access to its digital services including the digibank Online as well as Mobile, PayLah! is currently unavailable in a Facebook post at 10.20am today. While these services are down, the bank said that customers can
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Navigating Asia Pacific’s Identity Fraud Landscape
Have you ever watched the chilling cult classic “Invasion of the Body Snatchers”? The 1950s alien takeover movie is best remembered for evoking paranoia about the faceless evil lurking within society. Now, 70 years later, this invasion may be more
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Surer Enables Insurance Intermediaries to Build, Launch Their Websites in Minutes
Surer, a Singaporean cloud-based insurtech platform, has released its latest feature that allows insurance intermediaries to build and launch their personal websites within minutes. With the Personal Website Builder, insurance intermediaries can showcase their professional profile, achievements and most importantly,
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Mobilewalla LendBetter: The Future of Lending for New-To-Credit Prospects
Financial inclusion and credit access are essential for driving economic growth and improving livelihoods in numerous emerging markets, including South Asia. However, extending credit to underbanked and unbanked populations comes with inherent risks, especially when dealing with new-to-credit customers who
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Thai Insurtech Roojai Bags US$42 Million Series B to Fuel Expansion Plans
Thailand’s insurtech startup Roojai has raised US$42 million in a Series B funding round according to a report by The Reporter Asia. The firm had previously raised US$20 million seed investment from Primary Group as well as an additional US$7
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Gen Z are Avid Investors and Largely Influenced by Social Media, New Research Found
Members of Generation Z (Gen Z), or those born between 1997 and 2012, are avid investors, participating in stock and cryptocurrency investing at a higher rate and from a younger age than their predecessors, a new report by the Oliver
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Indonesian Insurtech Qoala Extends Series B With US$7.5 Million Fundraise
Indonesian insurtech startup Qoala announced the close of it US$ 7.5 million Series B+ funding round led by Switzerland’s responsAbility Investments. Qoala had previously raised US$ 65 million in a Series B round in May 2022. This funding round was
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OCBC Disbursed Over S$3.5 Billion in Sustainable Loans Two Years Since Launch
OCBC Bank said that it has disbursed more than S$3.5 billion through the OCBC Eco-Care Loans in the two years since its launch in March 2021 where “traction in 2022 was particularly strong”. These loans accounted for 1 in 5
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VPBank Sells off 15% Stake to Japan’s SMFG in US$1.5 Billion Deal
Japan’s Sumitomo Mitsui Financial Group (SMFG) has inked a deal to acquire a 15% equity stake in Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) for approximately US$1.5 billion. The deal is set to be finalised by the end of 2023. The
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