August 18, 2024 @ 3:46 am By Michael Wong  |  

The Monetary Authority of Singapore (MAS), in collaboration with major banks DBS, HSBC, OCBC, UOB, and tech firms SPTel and SpeQtral, have initiated a significant move towards enhancing cybersecurity in the financial sector with the signing of a Memorandum of Understanding (MoU). This agreement sets… Read More

 Tagged fintech, monetary authority of singapore, Quantum Key Distribution

August 17, 2024 @ 3:08 pm By Omar Faridi  |  

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as “a payment method with a single click, which can help… Read More

 Tagged payments, stripe, zip

August 17, 2024 @ 3:06 pm By Omar Faridi  |  

PayQuicker, an enabler of global payouts orchestration, announced a collaboration with Thunes, a global money movement innovator, to expand its e-Wallet payout capabilities worldwide. The collaboration aims to address the increasing demand “for more diverse, and flexible payout methods, especially in emerging markets where e-Wallets… Read More

 Tagged money movement, payouts, payquicker, thunes

August 17, 2024 @ 3:04 pm By Omar Faridi  |  

Communify, a Just Build It (JBI) company led by the former founders of InvestCloud, in partnership with Stellex Capital Management, will be combined with Fincentric (formerly known as Markit On Demand), a provider of digital experiences, curating financial data distribution and other solutions, which was… Read More

 Tagged communify, data, fincentric, stellex capital management

August 17, 2024 @ 11:22 am By Omar Faridi  |  

Amount, a digital origination and decisioning SaaS platform powering consumer and small business deposit account opening and loan origination, announced the successful close of a $30 million equity capital raise. The company will use the funds to further “invest in its world-class technology and accelerate… Read More

 Tagged amount, funding round, saas, small businesses

August 17, 2024 @ 11:16 am By Omar Faridi  |  

Sling Money, an app designed to make the global transfer of money instant, easy and low-cost, today announced a $15 million Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Sling Money previously raised a $5 million seed round “led by… Read More

 Tagged funding round, ribbit capital, sling money, union square ventures

August 17, 2024 @ 10:39 am By Omar Faridi  |  

PayPal (NASDAQ: PYPL) and UKG have launched a payroll integration to enable access to payroll funds. U.S. employees whose pay is processed through UKG Pro can “now sign up for a PayPal Balance account and set up PayPal Direct Deposit1 through their employer’s payroll portal,… Read More

 Tagged integration, paypal, payroll, ukg

August 17, 2024 @ 10:29 am By Michael Wong  |  

Global payments and financial platform Airwallex announced that it has surpassed $100 billion in annual processing volume, marking a 73% increase year-on-year. This growth is accompanied by an annual run rate revenue nearing $500 million and the achievement of cash flow positivity at the end… Read More

 Tagged airwallex, payments

August 17, 2024 @ 10:19 am By Michael Wong  |  

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of companies engaged in global digital markets. This launch is part of DBS’s broader strategy to facilitate smoother cross-border… Read More

 Tagged dbs bank, debit card, fintech, payments, singapore, visa

August 16, 2024 @ 9:15 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the second quarter ended June 30, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability… Read More

 Tagged financial services, grab, southeast asia, super app