Open Banking in Singapore and South East Asia
Open Banking
Temasek and Tencent to Invest US$35 Million in TrueLayer
Tencent and Temasek is set to invest US$ 35 Million in UK-based open banking startup True Layer’s US$40 Million Series B round. This fresh round of funding brings the startup’s total funding to US$ 51.8 Million, according to Crunchbase. Temasek’s
Read More
With Britain Done, Can Revolut Convince Asians to Try Neo-Banks?
Founded in 2015, Revolut is one of Britain’s fastest-growing fintech players, now valued at US$1.7 billion, serving its Apple-levels cult following of 2.8 million users across 28 markets in Europe. Revolut claim to fame is a payments card that offers
Read More
How DBS and OCBC Global Leadership Shows Singapore’s Success in Open Banking
Singapore’s DBS Bank and OCBC are regional leaders in fintech and pioneers in open banking according reports from Accenture and Innopay Open Banking Monitor. The positioning of these banks gives us a good sense of where Singapore stands in the global
Read More
Open Banking’s Biggest Challenge to Global Acceptance is, Ironically, Regulation
The World Payments Report by BNP Paribas and Capgemini highlights some interesting trends when it comes to key regulatory initiatives. Despite general global interest in embracing open banking, we still have a fragmented ecosystem of regulations and frameworks. This is in part
Read More
FSI’s Future Is Autonomous, Oracle Wants to Help You Navigate it
Going to the Singapore Fintech Festival? Good. Staying up to date on the latest services and transformative technologies is more important now than ever, because the future of the financial services industry has never before been so uncertain. A rapidly
Read More
4 Banks in Asia Pacific That Are Winning Open Banking Adoption
Following the UK banks’ ambitious move towards open banking, fintech hubs across the globe have been following suit, leading to a banking revolution that could fast-track the development of fintech—particularly fintech based on personal wealth and spending habits. With Singapore’s
Read More
Swift Brings World Open Banking Sandbox For Fintechs
SWIFT in conjunction with Australia’s New Payments Platform (NPP) have launched a sandbox that allows independent fintechs to test the NPP network—an Australian, industry-wide infrastructure to enable almost real-time, 24/7 payments. The network is Australia’s bid to replace the clunky legacy infrastructure
Read More