Various
Launch of Singapore Valley Awards
Singapore’s undergraduates can look forward to a unique entrepreneurship initiative, the Singapore Valley Awards (“SVA”), which was launched this week. The prize: a rare chance for internships with leading innovation companies in China. The internships will give the winners first-hand
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SoftBank Vision Fund – Investment in Slack, the Business Communication Platform
Slack has announced today a Series G funding round led by Softbank Vision Fund with Accel as second largest investor – expands Slack’s existing $540M funding by an additional $250M; post-money valuation now at $5.1B [April 2016: $3.8bn]. Capital to
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AccessPay and Assembly Payments win SWIFT’s Global GPI Industry Challenge
SWIFT gives two FinTech start-ups the opportunity to work with the co-operative and gpi banks over a three-month period to further enhance cross-border payments, leveraging on SWIFT gpi. The two startups will receive up to 100,000 EUR each to further
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MAS Announces Finalists for the Global FinTech Hackcelerator and FinTech Awards
The Monetary Authority of Singapore (MAS) announced the finalists for the 2017 Global FinTech Hackcelerator and FinTech Awards. The Global FinTech Hackcelerator and FinTech Awards are among the highlights of this year’s Singapore FinTech Festival, which will take place in
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Fintech Solutions for Digital Nomads
Digital nomads are ever more numerous. They have special needs, notably in terms of financial services. Thankfully, fintech startups are coming up with clever solutions that are not just only cheaper than those provided by traditional banking and financial services
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The Action Community for Entrepreneurship Launches the ACE International Centre to Support Startups
The Action Community for Entrepreneurship (ACE), a national private-led organization with the mission to drive innovation and entrepreneurship in Singapore, today announced the official launch of the ACE International Centre (“ACEIC” or the “Centre”). As part of the Government’s efforts
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Citi Launches First Facebook Messenger Banking Chatbot in Singapore that Provides Customer Account Information
Citi Singapore today announced the launch of Citi Bot – the bank’s new natural language chatbot on Facebook Messenger. Singapore is the first market for the launch of the chatbot which will be introduced progressively in the Asia Pacific region
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Startups set for Success after Completing The FinLab’s 100-day Accelerator Programme
The FinLab is set to see more success following the graduation of eight promising financial technology (FinTech) startups from its 100-day accelerator programme this month. The FinLab, an innovation accelerator joint venture between United Overseas Bank (UOB) and SGInnovate, provides
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Fintegration by OCBC Bank: Artificial Intelligence Solutions with 2 Fintechs to Fight Money Laundering
OCBC Bank has piloted two Fintech solutions to enhance its competency in fighting money laundering and terrorism financing. The two Fintech companies involved – BlackSwan Technologies and Silent Eight – were part of the second Fintech Accelerator Programme run by
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Banks should be more concerned about Regulation and the growing power of big cloud firms, rather than fintech startups: WEF report
Fintechs have materially changed the basis of competition in financial services, but have not yet materially changed the competitive landscape, according to a new report released on Aug 22 by the World Economic Forum with support from Deloitte Consulting. The
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