Tagged: singapore

February 17, 2021 @ 10:33 pm By Omar Faridi  |  

Digital banking platform Revolut has launched a financial app that has been developed specifically for kids. The Fintech app is controlled by the child’s parent or their legal guardian so that they are able to monitor how the tools are being used. This new app… Read More

February 16, 2021 @ 1:35 pm By JD Alois  |  

Technicorum Holdings has announced that Daniel Daboczy, c0-founder of international crowdfunding platform FundedByMe, has been selected as their new Chief Executive Officer (CEO). Daboczy announced that he was stepping down as CEO of FundedByMe back in November of 2020. Technicorum Holdings, based in Singapore, is… Read More

February 11, 2021 @ 10:47 pm By Omar Faridi  |  

The 2021 Lunar New Year is approaching and authorities in Southeast Asia are now encouraging locals to turn to virtual red packets and online transactions, instead of using paper currency notes (in order to prevent the further spread of COVID-19). Asian residents are also being… Read More

February 9, 2021 @ 11:15 pm By Omar Faridi  |  

US-based SAS, a multinational developer of analytics software, has revealed that the Bank of Singapore, which is a member of the OCBC Group, will be using its AI-enhanced communications surveillance analytics software in their training and monitoring of customer representatives’ performance. SAS’ Trade and Communications… Read More

February 8, 2021 @ 10:30 pm By JD Alois  |  

Singapore based Funding Societies has announced the expansion of operations into Thailand. The online capital formation platform will operate under a crowdfunding license authorized by the Thai Securities and Exchange Commission. According to a note from Funding Societies, the company worked for more than a… Read More

February 6, 2021 @ 5:23 pm By Omar Faridi  |  

Singapore-headquartered Insurtech firm CXA Group has reportedly decided to restructure its operations by selling off its brokerage division so that it can focus on the development and global expansion of its enterprise software-as-a-service (SaaS) platform. CXA stated that it will be selling its brokerage business… Read More

February 5, 2021 @ 8:34 pm By Omar Faridi  |  

Singapore-based remittance firm TranSwap has reportedly decided to make a move into the United Kingdom with plans to establish an Edinburgh research and development (R&D) center that will employ over 50 professionals. Currently operating in Hong Kong, Indonesia and Malaysia, TranSwap’s management noted that the… Read More

February 4, 2021 @ 8:55 pm By Omar Faridi  |  

Multinational corporation Zebra Technologies (NASDAQ:ZBRA) has reportedly launched new head offices in Singapore in order to expand its business operations in the Asia Pacific (APAC) region. The official launch of Zebra’s APAC headquarters has come as Singapore gets ready to begin its third phase of… Read More

February 4, 2021 @ 8:09 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, and the Singapore Exchange Regulation (SGX RegCo) have asked the general public to be on alert to the potential risks that may be involved in trading in securities incited by online discussion… Read More

February 3, 2021 @ 11:55 pm By Omar Faridi  |  

Switzerland-based Sygnum Bank, a licensed digital asset bank founded on “Swiss and Singapore heritage” operating globally, and Fine Wine Capital, a privately-held specialist trading firm with a special focus on the fine wine market, have reportedly tokenized a range of premium investible wines. This initiative… Read More

February 2, 2021 @ 8:43 pm By Omar Faridi  |  

Southeast Asian Fintech firm Grab has decided to upsize its term loan facility to $2 billion due to  growing interest from new investors. Grab, which is one of Southeast Asia’s largest “Super App” providers, confirmed the successful closing of its first senior secured term loan… Read More

February 1, 2021 @ 10:04 pm By Omar Faridi  |  

Singapore-based ECXX Global, an asset-based digital securities exchange, has revealed that it will be working with regional brokerage UOB Kay Hian in order to bring in deep tech startups to their network and give them the chance to list through Securitized Token Offerings (STOs) so… Read More

February 1, 2021 @ 8:24 pm By JD Alois  |  

CoAssets, an early entrant in the investment crowdfunding sector that once saw its shares trade on the Australian Stock Exchange (ASX), is being investigated by government authorities in Singapore following the news the company was shutting down. Earlier this month, CoAssets issued the following statement:… Read More

February 1, 2021 @ 8:30 am By Omar Faridi  |  

We recently connected with Dr. Amrit Kumar, President and Chief Scientific Officer of Zilliqa, an enterprise-grade blockchain development platform. Many of the more popular iterations of blockchain are not sufficiently robust to handle the high transaction rates needed today – not to mention what businesses… Read More

January 27, 2021 @ 10:47 pm By Omar Faridi  |  

Thailand-based Omise, a digital payments platform, has reportedly chosen the Netcetera 3-D Secure Server in order to secure its transactions in the APAC region. The update is expected to go live this month. Netcetera, a Switzerland-based software firm providing virtual payment solutions, offers certified products… Read More

January 27, 2021 @ 10:00 pm By Omar Faridi  |  

CIMB Bank Berhad and CIMB Islamic Bank Berhad have introduced CIMB CNY Go Digital for SMEs. This new product should help Asian businesses that are still facing challenges due to the COVID-19 pandemic, including those companies that are struggling to offer certain services because of… Read More

January 26, 2021 @ 9:54 am By Samantha Hurst  |  

  FinVolution Group, a China-based fintech that connects underserved individual borrowers with financial institutions, announced on Tuesday its subsidiary has received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) to conduct regulated activities in dealing in capital markets products in Singapore. Finvolution reported… Read More

January 25, 2021 @ 10:54 pm By Omar Faridi  |  

Singapore Exchange (SGX) and Temasek have teamed up to launch a joint venture that aims to enhance digital asset infrastructure through the use of blockchain or distributed ledger technology (DLT). SGX’s management stated that the joint project aims to be the Asia Pacific or APAC… Read More

January 25, 2021 @ 9:45 pm By Omar Faridi  |  

Southeast Asia based StashAway, a digital wealth management firm focused on retail and accredited investors, recently revealed that it’s now managing over $1 billion in assets since launching operations back in 2017. StashAway’s management confirmed that they were able to generate these solid returns even… Read More

January 25, 2021 @ 10:43 am By Omar Faridi  |  

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More