Open Banking in Singapore and South East Asia
Open Banking
Global Embedded Banking Revenue Expected to Reach US$160B by 2025
Despite it being a relatively recent concept, embedded finance has grown rapidly in recent years. The trend is expected to rise further moving forward, with digital consulting company Publicis Sapient forecasting an annual growth rate of 41% in global embedded
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Vietnam’s Banking Execs Call for Open Banking Framework
In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution. Praising the opportunities brought about data sharing,
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Indonesia’s Finantier Joins Mastercard’s New Start Path Open Banking Programme
Indonesia’s Finantier was one of the five open banking startups from around the world join Mastercard’s new Start Path Open Banking programme. Other companies handpicked for this inaugural class include Dapi, mmob, Mono and Paywallet. These five companies will join
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Enterprise IT Teams Are Increasingly Shifting to Open Source Solutions
Businesses are increasingly shifting to open source software solutions to address COVID-19-related challenges and tackle new market demands for quality, speed and as well as an evolving cybersecurity landscape. This is the finding drawn from a survey of nearly 1,300
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Indonesian Open API Platform Ayoconnect Raises US$15 Million Series B
Indonesian open finance platform Ayoconnect announced that it has closed a US$15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as
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Open Finance Platform Brankas Raises USD $20m From Insignia Ventures and Visa
Brankas an open finance tech firm announced the close of its US$20m Series B investment round led by Insignia Ventures Partners with participation from existing investors Beenext and Integra Partners. Visa, AFG Partners and Treasury International (backed by veteran fintech
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AFIN Launches Fintech Global Registry ChekFIN to Ease Open Banking Partnerships
The ASEAN Financial Innovation Network (AFIN) announced the launch of ChekFIN, a global fintech registry aiming to assist Financial Institutions (FIs) in identifying and evaluating fintech companies for collaboration and development opportunities. Created in collaboration with Boston Consulting Group Fintech
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Fintech Enablers are Fueling the Growth of Embedded Finance
Fintech “enablers” have exploded in growth and popularity in the last few years, bringing with them a new wave of innovation by democratizing financial services and expanding the fintech market opportunity. Fintech enablers develop and provide cutting-edge technologies to various
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Big Tech, Super Apps Redefining the Status Quo in APAC’s Banking Space
A major paradigm shift is taking over Asia Pacific’s (APAC) banking sector, driven by a changing regulatory landscape, the onset of open banking, and rising competition from big techs and super apps. By leveraging data and ecosystem partnerships, these new
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Three Reasons Why APIs Are Driving Fintech’s Stellar Growth
Startup funding is currently flowing at an unprecedented rate, and fintech is turning out to be one of the biggest beneficiaries. In the first quarter of 2021, Singaporean fintech startups saw a surge in funding of over 350% compared to
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