Various

Sacombank Reportedly Planning 33% Stake Sale to Raise Up to US$880 Million

Vietnamese lender Sacombank plans to sell a 33% stake by the end of the year, aiming to raise between US$840 million and US$880 million, according to DealStreetAsia. The bank, listed in Ho Chi Minh City, intends to offer the shares

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The Rise of the Gaming Industry: A Segment That Fintech Cannot Ignore

Gaming has emerged as a dominant force in the bustling landscape of global entertainment, transforming from a niche hobby into a mainstream phenomenon. The evolution of the gaming industry is not just about the latest consoles or the most immersive

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AWS CEO Adam Selipsky Steps Down, Matt Garman Named Successor

Amazon Web Services (AWS) has announced that Adam Selipsky will be stepping down as CEO after nearly 15 years with the company. Selipsky, who played a key role in growing AWS from its early stages to a US$100 billion annual

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Fintech Rises as Most Equitable Field for Female-Founded Startups

In a world where the tech industry is predominantly male-dominated, female entrepreneurs in Southeast Asia are slowly but surely making their mark.  The year 2023 has seen significant strides in the right direction, with startups having at least one female

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MoneyHero Strengthens Leadership with New CFO and Group Heads

Financial product comparison platform MoneyHero has announced additions to its senior management team, appointing Hao Qian as Chief Financial Officer, Liru Chan as Group Head of Marketing, and Francois Picard as Group Head of Operations. Effective immediately, Hao Qian will

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Gan Kim Yong to Take Over as MAS Chairman From Lawrence Wong

The Monetary Authority of Singapore (MAS) announced that Gan Kim Yong, Minister for Trade and Industry, will be the new Chairman of the MAS Board of Directors, effective from 15 May 2024 to 31 May 2026. Gan, who has served

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OCBC Makes S$1.4 Billion Bid for Remaining Great Eastern Holdings Stake

OCBC Bank announced that it has put up a S$1.4 billion bid to acquire the remaining 11.56% of Great Eastern Holdings Limited it does not own. The bank has been the majority shareholder of Great Eastern for the past 20

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Ping An Tech Leader Eugene Huang Joins DBS Group as CIO

DBS Group has announced the appointment of Eugene Huang as its new Chief Information Officer (CIO), effective from 10 May 2024. Huang, an experienced technologist with more than three decades of experience in the technology and banking sectors, will join

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COSMIC AML Platform May Expand Beyond Banking, Says Deputy PM Wong

Deputy Prime Minister and Minister for Finance, Lawrence Wong, discussed the potential expansion of the Monetary Authority of Singapore’s (MAS) anti-money laundering platform, COSMIC, to non-banking sectors in a recent response to a parliamentary question. COSMIC, which stands for Collaborative

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MAS Ensures DBS Addresses Root Causes of Recent Online Banking Disruptions

The Monetary Authority of Singapore (MAS) has intensified its oversight of DBS Bank following repeated disruptions to its online banking and payment services. The regulator is ensuring that DBS addresses these issues effectively, as reported by The Straits Times. Despite

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