FinTech

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Retail Asia08/06/2021

Unobank will be entirely regulated under the Digital Banking License framework in the Philippines. DigibankAsia, a Singapore-headquartered fintech, has become the first fintech to receive a license to operate a digital bank in the Philippines, it announced in a statement on Tuesday. Uno, which is operated by Singapore-based DigibankAsia, has been working with digital services and […]

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Retail Asia27/05/2021

AI-driven fintech GreenArc Capital and BNP Paribas have been awarded a proof of concept grant by the Monetary Authority of Singapore’s Financial Sector Development Fund. The partners will collaborate on impact measurement and audit project, which will be led by Rony J Palathinkal, COO of GreenArc Capital, according to an announcement. The POC is an extension […]

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Retail Asia30/04/2021

More than a dozen major technology firms in China are set to face similar restrictions imposed on Jack Ma’s Ant Group as Beijing widens its fintech crackdown. 13 tech titans – including Tencent, ByteDance, JD.com, Meituan and Didi Chuxing – were summoned to a meeting over a series of new requirements for their financial units, […]

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Retail Asia14/04/2021

The Singapore-based center aims to explore financial services innovation and help industry partners in the region to build new products that will accelerate their digital ambitions. ZA Tech Global has opened its first Asia Fintech Center (AFC), which will specialize in solving specific use-cases in insurance and financial services in collaboration with industry partners, according […]

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Retail Asia01/04/2021

The Iceland-based company has announced a new partnership with Visa to accelerate its expansion across the APAC region. Digital banking solutions provider Meniga plans to capture growth opportunities in Southeast Asia, following its certification as a Fintech Enablement partner under the Visa Ready Program, which will help facilitate partnership opportunities with financial institutions, fintechs and businesses […]

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Retail Asia19/03/2021

The Singapore FinTech Association (SFA) and Remittance Association (Singapore) have signed an agreement to strengthen the money remittance segment. The two associations will jointly launch the new SFA Remittance Sub-Committee, which aims to promote the adoption of technologies to strengthen the capabilities, efficiencies and governance of Singapore’s money remittance industry, and catalyse its members’ digital […]

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Retail Asia18/03/2021

The digital acceleration program gives fintechs the opportunity to work with professional mentors and develop solutions that can be rapidly commercialized. The Investment Management Association of Singapore (IMAS) has announced details of its 2021 edition of the Digital Accelerator Programme (DAP), which will focus on ESG, automated data management, and risk assessment. The Association-led buyside accelerator program […]

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Retail Asia15/03/2021

The investment will be used to finance WeLab’s further expansion and, in particular, enable the ongoing development of its technological platform. Allianz X, the digital investment unit of Allianz, has joined the Series C funding round for WeLab, with a $75 million investment, it announced in a statement this week. The investment aims to enable […]

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Retail Asia12/03/2021

Chinese fintech giants Ant Group and Tencent are the latest to attempt to inspire calm in markets after they told investors not to overreact to price swings and avoid making hasty decisions. Alipay, Ant Group’s payment arm, issued a letter earlier this week in its app to urge investors to take a longer-term view on […]

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Retail Asia26/02/2021

The super app is looking to create around 350 new jobs in Singapore this year to support its growth plans. The new hires will support Grab’s plans to help micro SMEs digitalize, deliver digital financial services across Southeast Asia, and develop the Grab-Singtel digibank, according to an announcement on its website. The hiring drive was announced at a signing […]

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Retail Asia17/02/2021

The integration and implementation of Lightnet’s technology with MoneyGram’s money transfer services will provide customers with a wide selection of payout services across Southeast Asia. The Singapore-headquartered fintech company will provide its Bridgenet solution to enable money transfer operators to connect with MoneyGram’s money transfer service, broadening the range of payout services, the company said in […]

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Retail Asia26/01/2021

Days after the public reappearance of Alibaba founder Jack Ma, top Beijing authorities are facing a balancing act between reining in the dominance of internet giants while keeping the fintech industry sufficiently free to innovate. Investigations into fintech giant Ant Group will not undermine the firm’s business development nor does it signal a move against […]

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Retail Asia18/01/2021

Swiss bank UBS is reportedly poised to pour several hundred million into a payments start-up in India. The investment is alongside some of the Swiss wealth manager’s ultra-rich clients. Zurich-based UBS is negotiating a $400 million investment in Paytm, an Indian e-commerce payment system Bloomberg reported on Thursday, citing people close to the talks. The bank’s asset […]

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Retail Asia15/01/2021

Swiss bank UBS is reportedly poised to pour several hundred million into a payments start-up in India. The investment is alongside some of the Swiss wealth manager’s ultra-rich clients. Zurich-based UBS is negotiating a $400 million investment in Paytm, an Indian e-commerce payment system reported on Thursday, citing people close to the talks. The bank’s asset management […]

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Retail Asia13/01/2021

HSBC furthers its expansion in mainland China with the latest launch of a fintech subsidiary based in Shanghai. The British lender announces the opening of the HSBC Fintech Services (Shanghai) Company Limited, according to a media statement, with an eye to scale up its wealth management business in the mainland. We believe technology can help […]

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Retail Asia08/01/2021

The two sides will jointly explore a proof-of-concept (POC) using a grant under the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) scheme. Deutsche Bank Securities Services will work with Singapore-based blockchain development firm Hashstacs to explore the technological and practical feasibility of digital assets interoperability, liquidity, cross-border connectivity and smart contract templates. The POC will also […]

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Retail Asia22/12/2020

The two sides will collaborate to enable a Buy-Now-Pay-Later solution for merchants in Southeast Asia. Razer Fintech, the financial technology arm of Singapore gaming and technology brand Razer, is expanding its fintech offerings and its payments ecosystem for customers with access to a buy-now-pay-later (BNPL) solution provided by Rely, it announced in a statement. The service will […]

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Retail Asia10/12/2020

Singapore’s fintech investments rebounded in the second quarter of 2020, with investors recognizing the opportunities existing in Southeast Asia. Despite an initial decline in funding (-49 percent in Q1 2020 vs. Q4 2019), fintech investments in Singapore grew more than fourfold to $278 million in the second quarter of 2020, compared to the quarter before, […]

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Retail Asia08/12/2020

The majority of fintech companies in Singapore are bullish about their prospects over the next three to five years, as they see new opportunities emerging in the post-pandemic world. The majority of companies surveyed in the «Fintech Talent Report 2020» said they are planning to hire more people in the coming months to support their expansion […]

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Retail Asia08/12/2020

The Singapore Blockchain Ecosystem Report 2020, launched at this year’s Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology, highlights impactful developments and trends in Singapore’s blockchain ecosystem over the last year. The report is co-presented by OpenNodes, Temasek, IBM, PwC Singapore, EY, and SGTech, and supported by the Infocomm Media Development Authority and […]

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