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Crypto.com Plans ‘Thoughtful’ Hiring After Laying off 20% of Workforce Last Year

Crypto.com’s CEO Kris Marszalek outlined the digital-asset exchange’s plans to expand its workforce, in a recent Bloomberg interview. This comes after a period of downsizing in early 2023, where the company cut 20% of its staff following a downturn in

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McKinsey: Generative AI to Transform Risk Management in The Next 5 Years

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. But in order to leverage the benefits of

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5 Key Drivers Behind Thailand’s Fintech Growth

Fintech Thailand is poised for significant growth and development in areas including digital banking, open finance, and startup support. Digital banking is on the horizon, with the first digital banking licenses slated to be issued by mid-2025 and expected to

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FinbotsAI Expands Footprint to Myanmar via KBZ Bank Partnership

FinbotsAI, a Singapore-based fintech company specialising in AI credit scoring, has partnered with KBZ Bank, one of Myanmar’s largest privately-owned bank. This marks KBZ Bank as its first client in the country. KBZ Bank operates over 500 branches and serves

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Bridgewise Lands US$21M Funding Led by SIX Group

Bridgewise, an AI-based analysis platform for global securities, has raised US$21 million in a new funding round, bringing its total funds raised to US$35 million. This investment round was led by SIX Group and joined by Group11 and L4 Venture

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OCBC Reports Sixfold Increase in Eco-Care Car Loans Amid Rising EV Popularity

OCBC has reported a major increase in its Eco-Care Car Loans, with numbers surging over sixfold in 2023 compared to their launch year in 2021. This rise coincides with a growing environmental consciousness among Singaporeans and a governmental push towards

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Nium’s Global Expansion Continues with New Zealand Registration

Nium, a real-time cross-border payments platform, has officially become a registered Financial Services Provider in New Zealand. This marks Nium’s first formal entry into New Zealand’s financial market, enhancing its global footprint which now spans over 40 countries. The company’s

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Moomoo Singapore Reaches One Million Users in Three Years

Moomoo Singapore, an investment platform and wholly owned subsidiary of Futu Holdings, has surpassed one million users, just three years after its launch and initial expansion into Southeast Asia. According to Moomoo, among the various offerings that have garnered attention

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Temenos Claims Its Independent Review Debunks Hindenburg Allegations

Banking software provider Temenos announced the completion of an independent review on 15 April 2024, addressing allegations made by Hindenburg Research in February. The investigation was led by a special committee under Temenos’ Non-Executive Chairman Thibault de Tersant and supported

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Seizing the Billion-Dollar Opportunity of Generative AI in Financial Services

In an era where technology and innovation are pivotal to competitive advantage, the financial services industry stands on the cusp of a transformative revolution, primarily driven by the advent and integration of generative AI technologies. For the uninitiated, this advanced

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