UOB (SGX: U11) will reportedly invest more than S$500 million “to build its new global technology and innovation center in JTC’s Punggol Digital District (PDD).” With this investment, UOB claims it “becomes the first local bank to establish its presence in Singapore’s first smart and… Read More
Read more in: Asia, Fintech | Tagged asean, asean region, global technology hub, innovation hub, uob
The time is “ripe” for the Philippines to take its place on the global stage as an important player in the technology space, according to a new report. The Philippines’ local technology market is still developing: While a digital economic gap currently exists, there’s strong… Read More
Read more in: Asia, Fintech | Tagged asean, asean region, digital commerce, e-commerce, fintech adoption, fintech trends, logistics, Philippines, research, Research Report, southeast asia
Jeff App, the Latvian Fintech company offering a data-powered loan brokerage platform for unbanked or financially underserved consumers in Asia, has finalized a $1.5 million seed extension round, which was led by J12 Ventures. Jeff App has now secured a total of $2.5 million. Other… Read More
Read more in: Asia, Fintech, Global | Tagged asean, asean region, europe, financial inclusion, financially underserved, indonesia, investment round, jeff app, latvia, Philippines, ramnik arora, southeast asia, toms niparts, Unbanked, underbanked, wing vasiksiri
Bursa Malaysia, the nation’s stock exchange, is reportedly planning to work closely with Fintech firms or other strategic business partners in order to enhance its value proposition and improve its operational efficiency. Bursa Malaysia stated that these efforts should help the exchange grow and take… Read More
Read more in: Asia, Fintech | Tagged asean, asean region, bursa malaysia, datuk muhamad umar swift, fintech adoption, malaysia, mas, mergers and acquisitions, sgx, singapore, southeast asia
Tyme, a multinational digital banking group based in Singapore, has reportedly secured $110 million in capital through a Series B funding round. Tyme is focused on bringing foreign investments into South Africa. TymeBank aims to establish the foundation for its business expansion across ASEAN region,… Read More
Read more in: Fintech, Asia, Global | Tagged apis growth fund ii, asean, asean region, digital banking, investment round, jg summit holdings, Philippines, south africa, tyme, tymebank
Hong Kong based ZA Tech, a technology venture launched by insurance firm ZhongAn Online and supported by the Softbank Vision Fund, has revealed that it teamed up with the holding company of digital wallet OVO. Through the partnership, both organizations will offer insurance providers in… Read More
Read more in: Asia, Insurtech | Tagged asean, asean region, bill song, indonesia, insurance technology, insurtech, jason thompson, southeast asia, za tech
Brunei’s Fintech sector continues to grow steadily due to the rising demand for digital financial services and its government’s push to encourage its residents to use modern payment methods. Brunei has the second-highest (after Singapore) human development index or HDI (which measures the overall quality… Read More
Read more in: Fintech, Asia | Tagged asean, asean region, brunei, digital financial services, digital payments, financial services, fintech adoption, fintech regulatory sandbox, remittance payments, remittances, research, Research Report, southeast asia
Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. A report from UOB, PwC… Read More
Read more in: Fintech, Asia | Tagged asean, asean region, bank of thailand, fintech adoption, mas, monetary authority of singapore, monetary authority singapore, pwc, ravi menon, singapore, singapore fintech association, southeast asia, survey, survey report, thailand, uob
Singapore has managed to attract the highest total funding amount (at 42%) in the ASEAN region – which includes other major Southeast Asian economies such as Indonesia, Malaysia, Thailand, Vietnam, the Philippines, among others. Overall investor interest in Singapore’s Fintech companies continues to remain quite… Read More
Read more in: Fintech, Asia | Tagged asean, asean region, fintech adoption, Fintech funding, fintech investmnets, pwc, singapore fintech association, southeast asia, wong wanyi
During the past few years, the Fintech sector in Thailand has grown significantly. The country is now home to at least 96 Fintech startups. Thailand’s Fintech ecosystem includes companies and businesses operating in the digital payments space, blockchain or distributed ledger tech (DLT). There are… Read More
Read more in: Fintech, Asia | Tagged asean, asean region, digital banking, digital transformation, fintech adoption, research, Research Report, southeast asia, thailand
Online lender IN Financial through its subsidiary Cash-IN-Asia has secured S$5 million (appr. $3.74 million) in capital via an investment round that was led by Singapore’s VC venture firm DeClout Ventures. IN Financial is a Singapore-headquartered financing platform that’s enhanced by artificial intelligence (AI) and… Read More
Read more in: Fintech, Asia | Tagged apac, apac region, asean, asean region, digital lending, eldwin wong, investment round, online lending, singapore, southeast asia
Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA)…. Read More
Read more in: Fintech, Asia | Tagged apac, apac region, asean, asean region, asia pacific, digital banking, digital banks, fintech adoption, indonesia, malaysia, Philippines, research, Research Report, singapore, singapore fintech association, southeast asia, thailand
Indonesia, which has one of the largest economies in Southeast Asia and also ranked high globally, has emerged as a fast-growing Fintech hub. It’s estimated that in the next five years, digital financial services revenues in Indonesia will reach $8.6 billion, meaning they’re increasing at… Read More
Read more in: Fintech, Asia | Tagged alternative financing, asean, asean region, digital commerce, digital financial services, digital payments, digital wallets, e-commerce, fintech adoption, indonesia, lending, online lending, online wallets, p2p lending, peer to peer, Research Report, southeast asia
© 2024 Crowded Media Group. All Rights Reserved.