Archive

SC Ventures and NEXT176-Backed Fintech Firms Set to Merge by Mid-2024

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and NEXT176, the venture arm of the Pan-African group Old Mutual, have announced the launch of a new wealth management platform. This collaboration aims to make financial planning

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Tokopedia Taps Igloo to Offer Insurance Products for Consumers and MSMEs

Insurtech company Igloo has partnered with Tokopedia, Indonesia’s online marketplace, to extend the availability of insurance products to a wide audience across the country, targeting both individual consumers and over 14 million micro, small, and medium-sized enterprises (MSMEs). Igloo and

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Tan Chong Meng and Geoffrey Wong Join Temasek Board of Directors

Singapore’s sovereign wealth fund Temasek has expanded its Board of Directors with the appointment of two senior business leaders, Tan Chong Meng and Geoffrey Wong. Their inclusion is expected to further enhance the strategic guidance provided to the company’s management.

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MoneyHero Promotes Shravan Thakur as Chief Commercial Officer

Financial product comparison platform MoneyHero has promoted Shravan Thakur as its Chief Commercial Officer (CCO), effective 20 March 2024. As CCO, Thakur is set to lead MoneyHero’s commercial operations across Greater Southeast Asia, aiming to enhance revenue growth, diversify business

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Visa Launches New Service to Simplify Subscription Tracking for Cardholders

Visa has launched its Subscription Manager solution for banks and other financial institutions, enabling them to offer Visa cardholders an easy way to track their all their subscriptions. This move is in response to the burgeoning global subscription market, which

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BIS and 7 Central Banks Launch Project Agorá for Tokenised Cross-Border Payments

The Bank for International Settlements (BIS), in concert with seven prominent central banks, has embarked on an exploratory project known as Project Agorá aiming to modernise international monetary transactions. This initiative, named after the Greek word for marketplace, aims to

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Laos and Brunei Joins ASEAN’s Initiative for Real-Time Cross Border Payments

The Central Bank of Brunei Darussalam (BDCB) and the Bank of the Lao PDR (BOL) have formally joined the Regional Payment Connectivity (RPC) initiative. This expansion brings the number of ASEAN central banks involved in the RPC to eight, joining

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Dayuse: Redefining Luxury Hospitality for the Budget-Conscious Traveler

In today’s fast-paced world, where time is a precious commodity, the concept of day stays in hotels has gained significant popularity. Dayuse, a pioneering platform in the hospitality industry, has capitalized on this trend by offering individuals the opportunity to

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Fintech is Failing at Financial Inclusion for Women

Despite being an attractive segment for financial services providers due to their loyalty and lower default risk, women are still widely underrepresented in the portfolio of the fintech firms, presenting a tremendous opportunities for digital financial services providers alike, a

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Marco Boldini Appointed to Lead TerraPay’s Regulatory Efforts

Payments infrastructure company TerraPay has appointed Marco Boldini as Executive Vice President and Global Head of Policy, Regulatory, and Governmental Affairs. In his new role, Boldini will lead TerraPay’s global regulatory strategy, working alongside both internal teams and external partners

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