Archive
Unleashing ASEAN’s US$2 Trillion Potential in Payment Connectivity
Leaders of the Association of Southeast Asian Nations (ASEAN) recently declared to advance regional payment connectivity and promote local currency transactions. Recognizing the potential benefits of using local currencies, they emphasized the importance of strengthening financial resilience, deepening regional financial
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Temasek to Slash Compensation of Team That Greenlit FTX Investment
Singapore’s sovereign wealth fund Temasek said that it will slash the compensation of the investment team and senior management involved in greenlighting the US$275 million funding in now-bankrupt crypto exchange FTX. Temasek’s chairman Lim Boon Heng said in a statement
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Next Capital Goes Live With Lending Products on Mambu’s Platform in 4 Months
Thailand’s technology-driven auto leasing company Next Capital partnered with cloud banking platform Mambu to launch a new suite of lending products in just four months. Next Capital went live on Mambu’s cloud banking and lending platform without the need to
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finbots.ai Partners Sathapana Bank to Make Foray Into Cambodia
Cambodian commercial bank Sathapana Bank has partnered with finbots.ai, an AI-powered credit scoring software provider backed by Accel, to bolster its credit risk management. With finbots.ai’s AI- led credit modelling platform credit, Sathapana Bank will be able to better assess
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Grab’s Co-Founder Tan Hooi Ling to Step Down by Year End
Southeast Asian superapp Grab announced that its co-founder Tan Hooi Ling intends to step down from her operating roles, including her directorship, by the end of 2023. Tan, who had co-founded Grab with Group CEO Anthony Tan in 2012, has
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Episode Six Raises US$48 Million Series C Led by Avenir
Episode Six (E6), a global provider of payment processing and banking infrastructure, has secured a US$48 million Series C financing led by Avenir, a growth stage investment firm. The round also included additional participation by existing investor Anthos Capital, a
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ACI Worldwide Partners Red Hat for Next-Gen Cloud Payments Offering
Real-time payments software provider ACI Worldwide has teamed up with Red Hat OpenShift to enable financial institutions and payment providers to utilise ACI solutions on the platform. The collaboration will allow ACI to support both private and public cloud environments
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Can the Financial Industry Afford to Ignore ESG Principles?
As the world undergoes rapid changes, businesses in the banking, financial services, and insurance (BFSI) sectors are also expected to adapt to new norms. Environmental, social, and governance (ESG) principles have become more than an option and are now essential
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Indonesian Credit Scoring Firm Skorlife Raises US$4 Million Seed Funding
Indonesian credit scoring firm Skorlife has secured US$4 million in a seed funding round led by Hummingbird Ventures and joined by QED Investors, AC Ventures, and Saison Capital. Skorlife had previously raised a US$.2 million pre-seed round in September 2022
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Measuring the True Cost of Failed Payments
In a post-pandemic economy that has become truly reliant on digital technology to connect individuals and business partners globally without borders, digital payments that are fast, reliable and safe are critical. And the ramifications when some of these payments failed
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