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Top 5 Fintech Trends in Asia in 2022
With 2021 behind us, fintech experts and industry participants are sharing their predictions for the year to come, looking at the trends that shaped 2021 to predict the top fintech trends in Asia in 2022 Funding activities, industry developments, public
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Incumbents Need to Adopt BaaS as Digital Banks Grows in Popularity
As neobanks and digital challengers continue to advance and become increasingly more popular, incumbents must modernize their architecture by embracing cloud-native digital platforms, a new article by consulting firm Bain & Company and fintech provider Mambu says. Evolving consumers habits,
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Singapore Fintech Report 2022: Fintech Reaches Critical Mass in Singapore
In Singapore, the COVID-19 pandemic has acted as a catalyst for fintech adoption, driving demand for digital payment capabilities, virtual banking experiences and buy now, pay later (BNPL) arrangements. Consumers and businesses are signing up en masse to digital banking
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Asia’s Top 10 Largest Fintech Exits Announced in 2021
In 2021, global fintech exits reached new heights, totaling 724 transactions comprising mergers and acquisitions (M&As), initial public offerings (IPOs) and mergers with special purpose acquisition companies (SPAC), data from CB Insights show. Though Europe and the US accounted for
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Year End Message to Our Readers – Offline From 23rd December to the 2nd January
Fintech News Singapore would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 23rd December 2021 to the 2nd January 2022. Until
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Fintech in Singapore: 2021 in Review
In 2021, Singapore continued to pursue its ambition to become a world leader in fintech innovation, multiplying initiatives to foster green fintech, explore opportunities related on central bank digital currency (CBDC), and lay the foundation for open finance. Leading fintech
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E-Wallet Adoption in E-Commerce Still Low Despite Growth in Mobile Users
Across Southeast Asia, mobile phone usage is booming, driving with it the rise of mobile commerce. In Singapore and Malaysia, more than 50% of e-commerce traffic comes from smartphones, a new survey by Stripe found. The study, which polled consumers
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What Does It Mean to Burn Ethereum?
In a recent Twitter post by blockchain research firm CryptoRank, they revealed that over 1 million Ether (ETH), worth roughly around US$ 4 billion, had been “burned” since the EIP-1559 protocol (also called the London Hard Fork) was introduced in
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Singapore Among the Fastest Adopter of Digital Banking
In Singapore, consumer preferences are rapidly evolving, with banking customers increasingly preferring online interaction over in-person interaction. A new consumer survey by digital business transformation company Publicis Sapient found that Singaporeans are prolific users of mobile banking, with one in
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Wealthtech Firm Endowus Secures S$35 Million in Funding
Singaporean digital wealth app Endowus announced it has raised an additional S$35 million (US$27 million) to accelerate its growth across Asia. This brings the company’s total funding this year to S$67 million (US$50 million). The investment by Prosus Ventures and
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