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Senior Banking Leaders Set to Gather at MoneyLIVE Asia This September

MoneyLIVE Asia will be held at the Marina Bay Sands, Singapore this 12-13 September 2023 to unite some of the most innovative banking and payments leaders from across Asia. At the event, industry leaders will discuss and assess emerging industry

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Vietnam’s Earned Wage Access Firm GIMO Raises US$17.1M to Fuel Expansion

Vietnam-based earned wage access startup GIMO announced that it has closed its US$17.1 million Series A funding round five months after the company secured US$5.1 million in the first close. The final closing comprised both equity and debt financing. The

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Key Features of a Robust Microfinance Software

Microfinance lending software is a powerful and specialized tool that supports lenders in effectively managing their microfinance operations. With a focus on simplifying the lending process and addressing the specific requirements of borrowers, this software provides a variety of critical

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Fintech Layoffs Rock Asia in 2023: Who’s Next?

The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and the need for cost-cutting measures.  From Singapore to Hong Kong, prominent fintech players have been forced

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Identity Verification Firm Sumsub to Establish APAC HQ in Singapore

Identity verification platform Sumsub announced its plans to make Singapore its APAC headquarters with the aim to forge vital partnerships and serve new clients in the island-state and Hong Kong among other countries in the region. Sumsub said that this

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Digital Identity is Key to Understanding (and Overcoming) Fraud Attacks

In 2022, digital fraud experienced a significant increase compared to 2021, with the global attack rate escalating by 20% year-on-year. This escalation continues to reflect the early indications observed in 2021 as more and more economies resumed normal operations following

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The Economist: 5 Megatrends That Will Shape Banking in The Next Decade

The future of banking will be shaped by several forces and megatrends, including the accelerating digital revolution, new consumer expectations and efforts by governments to combat persistent economic and social inequities. To stay relevant, banks will need to adapt and

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Fintech Connect Leaders Asia Returns for Its 3rd Year This August

The Fintech Connect Leaders Asia, a flagship summit for senior professionals from regional financial institutions, will take place from 28-30 August 2023 at the Raffles City Convention Centre, Singapore. The summit will bring together over 250 CIOs, CTOs, COOs, Chief

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GXS Bank Expands Access to Savings Account, Raises Deposit Cap to S$75,000

Grab and Singtel’s GXS Bank has made its savings account available on a first-come, first-served basis. The digital bank has also raised the deposit cap for its GXS Savings Account to S$75,000. This move possibly indicates that the Monetary Authority

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Flywire Singapore Gets MAS Approval for Payment License

Flywire, a global payments enablement and software company, announced that its Singapore entity has been granted a Major Payment Institution license from the Monetary Authority of Singapore (MAS) earlier this month. The firm had secured the in-principle approval just six

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