Virtual Banking
GXS Bank Launches Flexible, Instant Personal Loans From S$200
Grab and Singtel’s GXS Bank has launched its instant personal loan product available to all eligible individuals in Singapore which includes having a minimum annual income of S$20,000. Customers can apply for the GXS FlexiLoan from as low as S$200
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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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Digital Bank CEOs Share Top 5 Trends Shaping the Future of the Industry
In Asia, digital banking has been a growing industry over the past couple of years, owing to soaring demand for online and mobile alternatives, and positively evolving regulation. However, the current macroeconomic environment, marked by rising inflation and a looming
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Inypay Inks MoU With AAARYA Business College for Study Now Pay Later Offering
Soon-to-be-launched Singaporean neobank Inypay has signed a Memorandum of Understanding (MoU) with the AAARYA Business College for its upcoming Study Now Pay Later (SNPL) product. Inypay will be launching the SNPL offering in early May. The neobank is also looking
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More Than Half a Million Users Have Signed Up With Singapore’s Trust Bank
Singapore’s Trust Bank announced that it has now onboarded over 500,000 customers just seven months after its official launch in September 2022. This is close to 9% of the island state’s 5.64 million population as of end-June 2022. To celebrate
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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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Inypay Appoints Kawin Boonyapredee as Chief Information Security Officer
Inypay, a soon-to-be-launched Singaporean neobank, announced that it has appointed Kawin Boonyapredee as its Chief Information Security Officer (CISO). In his new role as CISO, Kawin will be responsible for overseeing the company’s information security programme and ensuring that all
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Bryan Carroll Steps Down as CEO of Vietnamese Digibank TNEX
Vietnamese digital bank TNEX‘s CEO Bryan Carroll announced that he will be stepping down from his position and will stay on as a board member in a LinkedIn post. Carroll was one of TNEX’s co-founders in 2019 which is a
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Sea’s MariBank Now Available to the Public on an Invite-Only Basis
MariBank, a digital bank licensed by the Monetary Authority of Singapore (MAS) and wholly-owned subsidiary of Sea, is now available to the public on an invite-only basis as it is in the midst of rolling out its services progressively. Interested parties
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YouTrip Integrates With Xero to Offer Cloud-Based Accounting for SMEs
YouBiz, the corporate card and finance management platform by Singapore’s neobank YouTrip, has partnered with cloud-based accounting software provider Xero. The partnership aims to equip local businesses and startups with more capabilities to manage their corporate expenses efficiently through the
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