Wealthtech
Indonesian E-Wallet OVO Launches Its First Shariah-Compliant Digital Investment Offering
Indonesian e-wallet OVO has launched its first shariah mutual fund product, which comes with one of the lowest buy-in for a product of its kind (less than US$1) and allows investors to instantly cash out their funds in real time.
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Wealthtech Endowus Secures Investment From UBS, Samsung and Singtel
Endowus, a Singaporean MAS-licensed digital wealth platform, announced that it has received an undisclosed sum from strategic investors UBS AG, Samsung Ventures and Singtel Innov8. They were joined by venture capital investors Lightspeed Venture Partners and SoftBank Ventures Asia. UBS
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Xiaomi-Backed Tiger Brokers Granted Approvals-in-Principle for SGX Trading
Xiaomi-backed online brokerage Tiger Brokers Singapore announced that it has received approval-in-principle to be admitted as a clearing member of The Central Depository (CDP). Tiger Brokers has also received approval-in-principle from Singapore Exchange Securities Trading Limited (SGX-ST) as well as
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Hg Exchange Graduates From MAS Fintech Regulatory Sandbox With RMO License
Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, announced its graduation from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognised Market Operator (RMO) license. With this RMO license,
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Wealthtech App Hugo Bags US$2 Million in Seed Funding
Hugo, a Singapore-based digital wealth and savings app, announced that it has raised US$2 million in a seed funding round from 1982 Ventures, prominent family offices and angels. With the new funds, Hugo said that it will launch more features
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Wealthtech Firm Endowus Hires Veteran Banker as Its Chief Advisory Officer
Singapore-based digital wealth advisor Endowus has announced the appointment of Wei Mei Tan as Chief Advisory Officer. In her new role, Wei Mei will drive strategic initiatives to accelerate Endowus’ growth trajectory and provide leadership in curating the advisory and
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A Look Into the Thai Wealthtech Industry
Tiktok. The short-form video platform has taken the world by storm since its launch in 2017, with more than 18 per cent of global internet users currently on TikTok. While the platform first gained its popularity for its 15-second videos,
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Nomura Taps Refinitiv’s Wealth Management Platform for Its Singapore Fund Managers
Nomura has chosen global provider of financial market data and infrastructure Refinitiv‘s wealth management platform across Singapore and Hong Kong. The Refinitiv Workspace for Wealth Advisors will be used as the strategic platform to drive timely market insights and analytics
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Broadridge Ties Up With AWS to Extend Its DLT-Based Private Market Hub
Broadridge Financial Solutions, a US-based technology solutions provider, has partnered with Amazon Web Services (AWS) to extend its Private Market Hub platform. The platform utilises distributed ledger technology (DLT) to better streamline and connect the private equity ecosystem and assets.
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Futu’s Investment Platform Gains Over 100,000 Paid Users Following Singapore Launch
Futu Singapore, a wholly-owned subsidiary of Futu Holdings which offers a fully digitised brokerage and wealth management platform, has attained over 100,000 paid clients with its user base soaring over 220,000 in Singapore since the official launch of its moomoo
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