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How COVID-19 Is Shaking up the Fintech Industry

The coronavirus pandemic is putting a toll on the global economy at large, and although tech and digital companies, including fintechs are arguably the most prepared, they are still facing the impact in various ways. The impact of the global

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The Swiss Payment Software Company Netcetera Expands to Singapore

“Expanding our Horizon” – under this motto Netcetera expands to Singapore in 2020. The Swiss software company and expert for digital payment solutions implements its global growth strategy with concrete measures and opened an office in Singapore in March. In

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MAS Tells Financial Institutions to Adopt Safe Distancing to Prevent COVID-19 Risks

The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points. This is part of the

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Grab Collaborates with IMDA to Pilot its Accelerator Programme

Grab and the Infocomm Media Development Authority (IMDA) today announced a partnership to pilot Grab Ventures Ignite (GVI), a 14-week accelerator programme, for Singapore-based startups with interest to venture overseas. The Singapore pilot of GVI will focus on high potential

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Standard Chartered Goes Big on Platformification Strategy with Nexus

Today, Standard Chartered launched its “Banking as a Service” solution, nexus. Through nexus, digital platforms and ecosystems like e-commerce, social media or ride hailing companies, will be able to offer loans, credit cards and savings accounts co-created with the bank

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UK’s Fintech Unicorns Sees Singapore as Fertile Ground for Expansion

In what was another record-breaking year, investments in the UK tech sector soared to £10.1bn ($13.2 billion) in 2019, according to latest industry figures – a £3.1bn increase on 2018’s very strong figures and the highest level in UK history.

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Meet The World’s Top 100 Cross-Border Payments Companies

FXC Intelligence, a financial data company, has released its selection of the world’s top 100 cross-border payments companies for 2020. According to an Accenture report, the overall value of cross-border payments reached US$23.6 trillion in 2018, and is projected to

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OCBC Bank Enables Instant Car Loan Approvals

OCBC announced today that they have enabled instant car loan approvals, according to their statement, when customers apply for a car loan with OCBC, they can now get it approved within 60 seconds. This service is made possible by a

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CIMB Bank Singapore Introduces Virtual Account with Distinct Benefits for Corporates

CIMB Singapore announced the launch of its virtual account today, which it hopes can eliminate manual and inefficient reconciliation processes that are inherent to businesses with a high number of suppliers and vendors. Commenting on the product Victor Lee, CEO,

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BIS Appoints Innovation Hub Heads in Singapore and Switzerland

The Bank for International Settlements (BIS) today announced two key appointments to the BIS Innovation Hub, a new initiative designed to support central bank collaboration on new financial technology. Andrew McCormack, Chief Information Officer at Payments Canada, will head the BIS

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