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Indonesia’s Open Finance Scene Heats Up as Consumer Interest Heightens
In Indonesia, consumers are showing high levels of awareness and interest in open finance and embedded fintech, with most people agreeing that sharing their data allows them to be provided with better products and services, as well as tailored recommendations,
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Finding the Light at the End of the Fintech Layoffs Tunnel
Fintech firms in ASEAN are not unaffected by the employment cuts hitting the headlines this year. Compared to 2021, when the industry was flushed with record funding and mass hiring, 2022 completely flipped the script and ended with belts tightened
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Mastercard’s Study Shows That Buy Now, Pay Later Is Rising in Popularity in APAC
Buy now, pay later (BNPL) options are rising in popularity in Asia-Pacific (APAC) where consumers are increasingly turning to these payment arrangements to pay for bigger-ticket items like electronics and appliances, findings from a Mastercard study show. A survey conducted
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Monetising in the Metaverse: Distant Possibility or Reality?
In the virtual world of the metaverse, people don’t just visit – they inhabit. It’s a place where they can be whoever they want to be and do whatever they want. The term ‘metaverse’ was first coined in a book
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Embedded Finance vs. BaaS in Financial Services
In recent years, the financial services industry has undergone a significant transformation. Traditional financial institutions face new competition from startups leveraging technology to offer innovative financial products and services, broadly referred to as the fintech landscape. But there is a
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Top 10 Highlights from Last Week’s Singapore Fintech Festival
The seventh edition of the Singapore Fintech Festival (SFF), one of the world’s largest annual fintech events, kicked off on October 31, 2022 as an in-person event at the Singapore Expo. This year’s event, themed “Building Resilient Business Models amid
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Google Cloud Establishes Advisory Board for Its Point Carbon Zero Programme
Google Cloud has announced three key updates under the Point Carbon Zero Programme in today’s Singapore Fintech Festival 2022. Jointly launched with the Monetary Authority of Singapore (MAS) in July, the programme aims to catalyse the incubation and adoption of
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Mobilewalla Latest Offering Helps Lenders Extend Loans to Thin-File Consumers
Consumer intelligence company Mobilewalla has launched LendBetter, its newest offering for digital lenders, at the Singapore Fintech Festival 2022. LendBetter provides digital lenders access to a repository of global consumer information to help them improve their credit assessment and customer
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MAS Initiates Digital Singapore Dollar Trials
The Monetary Authority of Singapore (MAS) has published a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required. The report also marked the successful completion of Phase 1 of Project Orchid which explored
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Alta Acquires Hg Exchange to Provide Tokenisation and Digital Custody Services
Alternative assets marketplace Alta, previously known as Fundnel, has acquired private digital securities exchange Hg Exchange (HGX) to enable it to provide tokenisation and digital custody services. Alta has generated over US$600 million in transactions, created access to over US$22
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