Search Results for "virtual banking"
Visa Picks 7 New Startups for 2023 APAC Accelerator Programme
Payments giant Visa announced that it has selected seven new startups to be a part of its Visa Accelerator Programme in Asia Pacific (APAC). The seven startups that were selected from over 450 applicants to be a part of the
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How Much Does It Cost to Build a Digital Bank in ASEAN?
In the face of a gloomy international economic forecast and a dwindling liquidity pool, profitability has become a pressing concern for the chief executive of any digital bank emerging in the ASEAN region. Digital banking is in its nascent stages
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Temenos Adds New Advisory Features to Its Digital Wealth Solution
Banking software company Temenos has added several new investment advisory features to its Digital Wealth solution, enabling banks and wealth management firms to grow their High-Net-Worth user base. With the new features, Private Wealth Managers (PWMs) will be able to
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Futureproofing Fintech: Navigating AML Compliance in a Rapidly Evolving Sector
The fintech space is experiencing unprecedented challenges when it comes to anti-money laundering (AML) compliance. From a global pandemic that shifted users online to economic downturns and sanctions resulting from geopolitical conflicts, fintech firms face daunting challenges that can harm
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Schroders Trims Revolut’s Valuation by 46% Amid Fintech Sector Slowdown
Revolut, a UK-based fintech firm, faces a 46 percent reduction in the value of its stake held by Schroders Capital Global Innovation Trust, highlighting growing investor caution in the fintech sector. The company, which also operates in Singapore, has experienced
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Deconstructing the Evolution of the Fintech Sector in Asia
Since the term ‘fintech’ was first coined in the early 2010s, the financial technology sector and the ecosystem around it has undergone a massive evolution. A fluctuating economic climate has seen some startups go public, while others have gone under
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Fintech and Insurtech Pocketed Most Funding in Southeast Asia This Quarter
Fintech and insurtech were among the tech segments in Southeast Asia that received the highest investments in this quarter, according to a report by global SaaS-based market intelligence platform Tracxn. The Geo Quarterly SEA Tech Report – Q1 2023 is
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DBS Experiences digibank and PayLah! Service Disruption
DBS Bank announced that its access to its digital services including the digibank Online as well as Mobile, PayLah! is currently unavailable in a Facebook post at 10.20am today. While these services are down, the bank said that customers can
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Mizuho Leads Kredivo Holdings’ US$270 Million Series D Fundraise
Kredivo Holdings, the parent company of Kredivo and Krom Bank Indonesia formerly known as FinAccel, announced the close of its US$270 million Series D fundraise led by Japanese global bank Mizuho Bank. The oversubscribed round was joined by Kredivo’s existing
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25 Fintech Events to Attend in Southeast Asia in Q2 2023
In Southeast Asia Asia, fintech is one of the most dynamic sectors in the startup landscape – an industry that has kept on growing and evolving throughout the years on the back of new technological developments, increased adoption of digital
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