Archive
Singapore Aims to Phase Out Corporate Cheques by End of 2025
All corporate cheques will be phased out in Singapore by the end of 2025 amid the steady decline in use and the rising processing cost as well as growing adoption of e-payments. Individuals will still be able to use cheques
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Spenmo’s CEO Justin Choi Resigns After One Month for ‘Personal Reasons’
Justin Choi has resigned as the CEO of Spenmo, a Singapore-based payables management software platform, just one month after he took up the position for “personal reasons”, according to a report by DealStreet Asia. Choi took over from Mohandass Kalaichelvan
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Turning to the Power of Generative AI to Scale Wealth Management
Generative AI, the capacity of computers to craft content in ‘unstructured’ forms such as text or images, is a marked change of AI from the traditional ‘structured’ data formats like tables. Generative AI came into grander limelight for many fields,
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ASEAN’s Fintech Sector Attracts US$5.7Billion; Singapore Leads
Fintech innovation has driven economic growth, revolutionising financial services and bringing new solutions to meet evolving needs. Amid global uncertainties and challenges surrounding trust, security, and regulatory clarity, Singapore has emerged as a leading fintech hub in Southeast Asia. A
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Surer and DirectAsia to Simplify Car Insurance Policy Customisation
Local insurtech Surer announced that it has formed a partnership with Singapore-based motor and travel insurance provider DirectAsia. The partnership aims to empower insurance intermediaries to offer highly customisable car insurance policies to serve their customers, the end policyholder, with
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Peak XV Partners Promotes Rohit Agarwal as New Managing Director
Singapore-based venture capital firm Peak XV Partners has promoted former principle investor Rohit Agarwal as its Managing Director to focus on early and growth stage investments in the region. The appointment comes just a month after Peak XV Partners’ rebrand
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Fitch: DBS, OCBC, UOB to See Minimal Impact from Digital Banks’ Deposit Cap Raise
Singapore’s digital banks have recently raised their deposit caps, but this move is not expected to significantly impact the profitability of local banks DBS, OCBC and UOB, according to Fitch Ratings. Grab and Singtel’s GXS Bank as well as Sea
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OCBC Names Mike Ng as Sustainability Chief in Newly Created Role
OCBC has appointed Mike Ng for its newly created Group Chief Sustainability Officer (CSO) role, effective 1 August 2023 onwards. Ng will actively lead OCBC‘s sustainability agenda, including the transition to Net Zero economy on both the lending and wealth
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Aspire Launches Full Integration With PayNow for Businesses
All-in-one finance platform Aspire announced that it has enabled bi-directional payments with PayNow, Singapore’s real-time payment system. Users can make PayNow transfers to other business or personal accounts via QR code, mobile number, National Registration Identity Card (NRIC), Unique Entity
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Vietnam’s OCB to Fully Digitise Customer Journeys with Backbase and SmartOSC
Vietnam’s Orient Commercial Joint Stock Bank (OCB) has selected digital banking software provider Backbase to power its omnichannel banking modernisation efforts. OCB is Backbase’s fifth customer in the country. With the implementation of Backbase’s Engagement Banking Platform (EBP), OCB will
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