Tag "Singapore"

Peer-to-Peer Lending in China, Hong Kong and Southeast Asia

Peer-to-peer (P2P) lending has become a global phenomenon. In Asia in particular, alternative financing has experienced an explosive growth. Asia’s large population of smartphone-savvy and unbanked makes it a prime market for alternative lenders. These leverage digital platforms and technology

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MyCash Online: A Malaysian Marketplace for Foreign Workers in Southeast Asia

Southeast Asian startup MyCash Online is an online marketplace designed for migrant workers in Malaysia and Singapore. It provides easy, secure and convenient services to the underbanked. MyCash Online offers an e-wallet service that allows users to reload phone credit,

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Fintech News SG Roundup: Singaporean Startups Raise Money, New Incubation Program, and More

Home to over 200 banks whose total assets are estimated to be worth over S$2 trillion, Singapore is a leading international financial center and a serious contender for the global number one spot in fintech. Government support for fintech is

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Singapore Poised to Become a Hotbed for Insurtech in Asia

The insurance is on the brink of a major disruption and insurance companies are very much aware of that. According to a survey conducted by PwC, three in four insurers predict disruption of their business over the next five years.

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6 Recent Singapore Fintech Fundings

In 2016, overall investment in Singapore-based fintech companies dropped by 69%, falling from US$605 million in 2015 to US$186 million in 2016, according to KPMG’s Pulse of Fintech report. “In 2016, we saw the Monetary Authority of Singapore (MAS) drive

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Going Cardless and Cashless: How Banks and Fintechs are Reinventing Payments

Banks and fintech companies are developing innovative solutions for consumers to pay for goods and withdraw cash without payment cards, offering entirely new ways to transact. In the US, JPMorgan Chase, Bank of America and Wells Fargo are among those that

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Singapore and France Bolster FinTech Ties with Cooperation Agreements

The Monetary Authority of Singapore (MAS) signed a cooperation agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) of France to enhance FinTech cooperation between both countries. The cooperation agreement provides

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Singapore Consumer Welcomes Robo-Advisor Services

Eight out of ten consumers in Singapore are willing to use robo-advisory services for their banking, insurance and retirement planning, highlighting the growing acceptance of computer-generated advice and services, a survey by Accenture found. Despite rising adoption of robo-advisors, consumers

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25 Inspiring Women Entrepreneurs in Singapore

Singapore is one of the desirable places for entrepreneurs to start their business and the government is giving a lot of effort to provide entrepreneurs with everything they need, from grants, co-working spaces and a network of international investors. That

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Singapore and Japan establish FinTech Cooperation Framework

The Monetary Authority of Singapore (MAS) and the Financial Services Agency (FSA) of Japan announced the establishment of a Co-operation Framework to enhance FinTech linkages between both countries. The Framework enables MAS and FSA to refer FinTech companies in their

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