March 2023 - Page 2 of 8 - Fintech Singapore

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Funding Payments

Marshall Wace Invests US$30 Million in Thunes’ Series C

Global hedge fund Marshall Wace has reportedly invested US$30 million in global cross-border payments firm Thunes as part of its Series C funding round according a disclosure the firm made to Singapore’s Accounting and Corporate Regulatory Authority (ACRA). A report

Digital Banking

More Than Half a Million Users Have Signed Up With Singapore’s Trust Bank

Singapore’s Trust Bank announced that it has now onboarded over 500,000 customers just seven months after its official launch in September 2022. This is close to 9% of the island state’s 5.64 million population as of end-June 2022. To celebrate

Digital Transformation Sponsored

Case Study: How Aspire Systems Helped a Sri Lankan Bank Scale Up Customer Satisfaction

Customer experience (CX) is the defining competitive differentiator in the banking industry today, and for good reason; financial institutions that invest in customer experience have higher rates of recommendation, greater wallet share, and are more likely to up-sell or cross-sell

Funding

Fintech Investor BitRock Capital Plans to Raise New US$100 Million Fund

Singapore-based fintech investment firm BitRock Capital is currently inching towards meeting its target to close a new US$$100 million fund, according to a Bloomberg report. This would more than double BitRock’s first fund close in 2021. The new fund will

Proptech

Singapore’s Proptech Firm Ohmyhome Lists on Nasdaq

Singapore proptech firm Ohmyhome announced that it had begun trading on the Nasdaq Stock Market in New York on 21 March under the ticker symbol “OMH”. Ohmyhome is selling 3,775,000 million shares at a price of US$4.00 per share in

Digital Assets

Are CBDCs a Threat to Monetary Policy? Possibly, Says IMF

Central Bank Digital Currencies (CBDCs) represent a transformative development in the financial industry, as a growing number of countries rapidly progress from theoretical considerations to focused research and pilot programs. The compelling advantages of CBDCs have garnered the attention of

Digital Banking Funding Indonesia Lending

Mizuho Leads Kredivo Holdings’ US$270 Million Series D Fundraise

Kredivo Holdings, the parent company of Kredivo and Krom Bank Indonesia formerly known as FinAccel, announced the close of its US$270 million Series D fundraise led by Japanese global bank Mizuho Bank. The oversubscribed round was joined by Kredivo’s existing

Open Banking

Open Banking in Asia Pacific: Market-Led vs Regulator-Led Approaches

Open banking is steadily making its way into Asia-Pacific (APAC), and though the industry remains largely nascent compared with pioneers like to European Union, adoption is increasing at a stable pace, enabled by new regulatory frameworks and market-led initiatives. A

Green Fintech

Singapore Leads ASEAN’s Climate Fintech Revolution Amid Climate Emergency

The climate crisis is a defining challenge for Southeast Asia, a region that’s among the most vulnerable to global warming but which also significantly contribute to its cause. Against this backdrop, a new generation of fintech startups are emerging out

Security

Ransomware, Wiper, Botnet Attacks Are on the Rise Warns Fortinet

In 2022, cybercriminals became more methodical and innovative in their tactics, reviving old methods, introducing new advanced attack techniques, and continually coming up with more sophisticated ways to infiltrate networks, according to a new report by American cybersecurity firm Fortinet.