Search Results for "virtual banking"
Aspire Launches Full Integration With PayNow for Businesses
All-in-one finance platform Aspire announced that it has enabled bi-directional payments with PayNow, Singapore’s real-time payment system. Users can make PayNow transfers to other business or personal accounts via QR code, mobile number, National Registration Identity Card (NRIC), Unique Entity
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Salesforce’s Findings Show That Consumers Crave Better Experiences from Their Bank
In Singapore, competition in the financial services industry is heating as customers grow frustrated with underwhelming digital experiences and are becoming more and more open to switching providers. A new global survey conducted by customer relationship management (CRM) provider Salesforce
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Are Digital Service Providers’ Financial Inclusion Efforts in Asia Bearing Fruit?
In Southeast Asia, the availability of digital financial service alternatives has had a transformative impact on financial inclusion. These initiatives have empowered individuals and micro-businesses, creating opportunities for job creation, education, improved healthcare, and enhanced livelihoods. The positive outcomes of
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DLT Can Be a Game Changer for Sustainable Supply Chains
Distributed Ledger Technology (DLT) holds vast potential to address persistent barriers in building out sustainable supply chains. It can significantly boost transparency, mitigate cash inefficiencies, and amplify the utilisation of data to improve processes and sustainability efforts, according to a
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Uncovering Why APAC Digital Banks Aren’t Making Money
In response to the evolving demands of customers and the need to address the limitations of traditional retail banking, there has been a significant rise in the number of digital-first banks operating in the Asia Pacific (APAC) territories. With over
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Aspire Achieves Profitability, Eyes Broader APAC and Team Expansion
Singapore’s B2B fintech Aspire announced that it has achieved profitability three months after closing an oversubscribed US$100 million Series C round co-led by Lightspeed and Sequoia Capital SEA. Headquartered in Singapore, Aspire serves over 15,000 businesses, including over 5,000 businesses
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Asia Pacific Poised to Lead the US$81.5 Billion Web 3.0 Market by 2030
In the ever-evolving digital technology landscape, the Asia-Pacific (APAC) region has emerged as a hotbed for Web 3.0, the next wave of transformative advancement. Over the last few years, this dynamic region, renowned for its economic diversity and tech-savvy population,
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There Are Only 11 Profitable Challenger Banks In Asia — Here’s The List
Most digital challenger banks around the world are struggling to turn a profit, hampered by high customer acquisition costs, burdensome regulatory compliance requirements and limited revenue streams. Boston Consulting Group (BCG) estimates that a mere 5% of over 450 global
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Tyme Pulls in US$77.8 Million for Ongoing Pre-series C Raise
Tyme, a multi-country digital banking group headquartered in Singapore, has secured funding from two new shareholders – Africa-focused tech growth fund Norrsken22 and global impact investment firm Blue Earth Capital as part of its Pre-Series C capital raise. This brings
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Are Major Banks in Singapore Realising Their Digital Transformation Agendas?
Singapore, renowned as a financial hub and the prominent digital economy in Southeast Asia, is spearheading digital transformation in financial services, including its incumbent banks. While traditional banks have been sluggish to modernise in the past, this recent digital transformation
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