Tag "insurance"
Singapore-Based Startup Raises Seed Funding from 500 Startups and Entering MAS FinTech Regulatory Sandbox
A Singapore digital insurance app that helps consumers organise all their insurance products in one place just raised money from 500 Startups and received approval from MAS to enter a regulatory sandbox. The startup will be testing their solution over a
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Ayannah launches an AI-powered Credit Scoring Service for the Unbanked
Ayannah a provider of affordable and accessible digital financial services for emerging markets has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system
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The “Hen and Egg” Issue With all Online-Lending Startups in Asia
Online-lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online-lending businesses and personal financial
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Opening Shot For International Regulation For The Fintech Industry
There is a Chinese saying that roughly translates to ‘A Tall Tree Catches The Wind’ (树大招风) and this is an adept saying for the Fintech industry. The fintech industry had grown from its nascent stage in 2005 and it is
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Assurity Partners V-Key For New Mobile Software Authentication Solution
Assurity Trusted Solutions has inked a collaboration with V-Key, a global leader in digital mobile security and accredited by the Infocomm Media Development Authority (IMDA), to deliver an innovative form of authentication via V-Key’s mobile soft token application called V-Tap.
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Internet-of-Things Poised to Disrupt Banking and Insurance
The Internet-of-Things (IoT) is set to be one of the biggest technological transformations on the horizon, promising to radically change the way we live and how we conduct business. The IoT refers to the interconnection via the Internet of computing
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Traditional Insurance Companies Forced By Insurtech To Innovate In 2017
The insurance industry had given us amenities that we take for granted today. For instance, the fire station is the invention of insurance companies. After the Great Fire of London, insurance companies built the modern fire stations to fight fires
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MAS Unveils New Moves To Boost Fintech Sector in Singapore
The Monetary Authority of Singapore (MAS) has announced a series of moves to boost fintech development in the city-state and strengthen ties with other Asian countries. This came shortly after MAS wrapped up its inaugural Singapore Fintech Festival, during which the
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Blockchain To Cause A ‘Profound Technological Shift’ In Banking, Insurance, And Beyond
Poised to transform the financial sector by increasing efficiency, transparency and security, blockchain technology could reduce banks’ infrastructure costs by US$15 – 20 billion per year by 2022, an opportunity that all major banks and financial institutions are eager to
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