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Fintech M&A in Asia-Pacific Poised for Rebound After 2023 Nosedive
Fintech mergers and acquisitions (M&A) in Asia-Pacific (APAC) declined by nearly 15% in Q3 2023, with total deals dropping from 141 in Q2 2023 to 132 in Q3 2023, a report by market data and intelligence platform S&P Global Market
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Swedish Firm 6G Digital Acquires 25% Stake in Singaporean Fintech FlexM
6G Digital Private Limited, a Swedish cloud-based integrated digital ecosystem, has acquired a 25% stake in Singaporean fintech FlexM in a deal valued at US$ 12.5 million with potential talks of a full takeover by 2024. Operating in six countries
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Angela Toy Assumes COO Position at Golden Gate Ventures
Southeast Asian venture capital firm Golden Gate Ventures announced the promotion of Angela Toy to Chief Operating Officer (COO), according to TechNode Global. Angela Toy, previously a Partner focused on Portfolio Growth at Golden Gate Ventures, steps into the newly
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Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times
In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista, technology enterprises constitute nearly a third of the 2024 roster, with 8% of the APAC’s fastest-growing entities being fintech companies.
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Tech Mahindra, IBM Open Singapore Lounge to Boost Digital Adoption in APAC
Tech Mahindra, an Indian IT services and consultation company, and IBM have unveiled a new Synergy Lounge in Singapore to enhance digital adoption among enterprises in the Asia Pacific region. The lounge, situated within Tech Mahindra’s Singapore campus, aims to support
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ShopBack CEO Admits Overexpansion Led to Laying off 24% of Staff
Shopping and rewards platform ShopBack’s CEO Henry Chan announced that the company will be laying off 195 roles which amounts to 24% of its group headcount. Chan described the layoffs as a last resort to become “more focused and self-sustainable”
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Standard Chartered Announces Leadership Changes to Drive Growth and Returns
Standard Chartered has announced a strategic overhaul of its Group management structure, set to take effect on 1 April 2024. This restructuring aims to streamline operations, ensuring a leadership team poised to cut through complexity and boost sustainably higher returns
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UOB Data Shows Increased Spending Power, Financial Savvy Among Singaporean Women
Recent data from the United Overseas Bank (UOB) highlights a significant increase in women’s economic influence in Singapore over the past five years, aligning with International Women’s Day celebrations. UOB’s analysis reveals a 70% surge in total billings for the
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Top 10 Female Fintech Leaders in Asia That Inspires Us
In celebration of this year’s International Women’s Day on 8 March, the Fintech News Network is unveiling its selection of ten of the most influential female fintech leaders in Asia Pacific (APAC). These trailblazing female fintech leaders and founders are
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Mike Stawchansky to Spearhead Finastra’s Gen AI Initiatives as New Tech Chief
Financial software provider Finastra has appointed Mike Stawchansky as its new Senior Vice President and Chief Technology Innovation Officer. Mike, who will be working closely with the Office of the CEO, is set to spearhead the company’s initiatives in customer
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