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Retail Banks Increasingly Turning to Financial Wellness Apps for Competitive Edge

Digital banking software provider Backbase’s new study found that Singapore’s retail banking sector is struggling to keep its lead against digital-only disruptors and soon-to-launch digital banks. The “State of Banking and Financial Wellness” study conducted by Forrester Consulting reveled that

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UOB’s FinLab Launches Accelerator Programme for Aspiring ‘Mumpreneurs’

UOB’s innovation accelerator The FinLab and Mumpreneurs-Go-Places, an arm of Mums@Work, launched an accelerator programme for aspiring mum entrepreneurs. The Business Transformation Programme is a comprehensive five-week virtual accelerator programme aims to equip aspiring women entrepreneurs, particularly mothers, with the

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Singapore Fintech Unicorn Startups: Past, Present, and Future

Singapore was recently ranked the fourth-best country globally for unicorn startups by Money.co.uk, a financial research website, which reported that it takes an average of 6 years and 11 months for Singapore’s unicorns to reach a valuation of US$1 billion.

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Singapore’s Fintech Deals Skyrockets to Its Highest in Three Years at US$614.2 Million

Singapore’s fintech industry has proven resilient with deal numbers for the first half of 2021 skyrocketing to its year-on-year highest in three years. A total of 72 deals amounting to US$614.2 million were transacted for Singapore fintechs from January to

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Cambodian Central Banker Serey Chea Among Select Few Joining AFIN’s Advisory Board

The ASEAN Financial Innovation Network (AFIN) announced the appointment of H.E Serey Chea, Prof. Olayinka David-West as advisors and Latha Ayyar as an independent director to its board. Through their respective roles, they will bring in invaluable expertise in financial

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Swiss Banking Solution Provider Avaloq Makes Key Appointments for Its APAC Push

Swiss core banking solution provider Avaloq has announced a combination of senior promotions from within its Asia-Pacific business, to reflect the region’s growing prominence in its growth strategy. Gery Dachlan has been appointed as Managing Director for South Asia and

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Backbase Appoints Regional Vice President To Lead Asia Pacific Expansion

Amsterdam-headquartered digital banking software provider Backbase has recently appointed Iman Ghodosi as Regional Vice President for the Asia Pacific region. The new role is based in Sydney and will see Ghodosi drive the company’s international expansion, product development, and Asia

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Kyrgyzstan Wakes up to Fintech Potential

Kyrgyzstan’s nascent fintech is getting a boost as the government begins setting the foundations for further development, launching reform plans and key initiatives to bolster digital payments adoption and banking innovation. Over the past few years, the Kyrgyz government has

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Future-Ready: How Is Singapore Developing Its Fintech Talent Pool?

As the fintech ecosystem continues to flourish in Singapore, there is a growing need for talent. Out of the 21,000 net jobs that were created in the financial sector over the last five years, the Monetary Authority of Singapore (MAS)

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Singapore’s Incumbent Banks: How Are They Stepping Up Their Digital Game?

In December 2020, the Monetary Authority of Singapore (MAS) announced four successful digital bank applications. Out of 14 eligible applicants, the four successful entities – a consortium comprising Singapore Telecommunications Ltd (Singtel) and Grab Holding Inc. (Grab), a consortium of

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