Archive
Nium Now Licensed by Japan’s Regulator for Money Transfers Over US$300K
Global payments platform Nium announced that it has secured a payments license to conduct higher-value financial transactions from Japan’s Financial Services Agency (JFSA). According to Nium, it is the first international company to be granted the Type 1 Funds Transfer
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Singapore Sees Progress in Fight Against Phishing with Stronger Bank Safeguards
Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year. This improvement is attributed to the concerted efforts of the Monetary
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Tiger Brokers Singapore Unveils Debit Card with Instant Fractional Share Rewards
Xiaomi-backed online brokerage Tiger Brokers Singapore has collaborated with online money transfer service Wise to introduce the Tiger BOSS debit card. The debit card offers its users the opportunity to earn fractional shares with every dollar spent, which unlike cashback
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SCBX Inks US$860M Deal to Fully Acquire Home Credit Vietnam
SCBX, the financial technology business group of Siam Commercial Bank, has inked a deal to fully acquired consumer finance firm Home Credit Vietnam for US$860 million in a bid to expand its footprint in the region. The transaction is set
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HashKey OTC Gets In-Principle Nod for DPT Services in Singapore
HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide
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Over Half of Surveyed Singapore Users Own Cryptocurrency
In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for its forward-thinking approach to fintech and digital innovation, is no exception. Interestingly, Singapore’s consumer cryptocurrency ownership is high among those
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Revolut Expands ‘Mobile Wallet’ to S’pore for Transfers to Bangladesh and Kenya
Global neobank Revolut has expanded its services by launching the “Mobile Wallets” feature in Singapore, enabling customers to transfer money directly to Bangladesh and Kenya. Revolut plans to unveil additional wallet routes in the near future. This feature was first
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Singapore’s Equity Management Platform Qapita Raises US$17.2 Million
Singapore’s fintech startup, Qapita, has raised US$17.2 million in a funding round believed to be pre-Series B, adding to the US$22.68 million secured in 2020 and 2021. This latest financial infusion saw contributions from a mix of existing investors. Leading the
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StanChart’s audax and Thought Machine Tie Up for Digital Banking, BaaS Solutions
audax Financial Technology, backed by Standard Chartered, and Thought Machine, a cloud-native banking technology company, have announced a strategic partnership aimed at reshaping the banking technology arena. The partnership is set to deliver digital banking and Banking-as-a-Service (BaaS) solutions designed
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Here’s How 10 APAC Markets Are Approaching Crypto Regulation
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.
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