Tagged: singapore

November 1, 2020 @ 4:09 pm By Omar Faridi  |  

Robo.cash, a peer to peer (P2P) lending marketplace, has provided an update on the performance of its loan originators in Q3 2020. The Robo.cash team revealed that its Spanish loan originator, Prestamer.es, has managed to record “one of the best results in the whole group.”… Read More

October 30, 2020 @ 3:35 pm By Omar Faridi  |  

  Payments giant Visa recently published a study on Digital Banking and SMEs in Singapore. According to the report, 88% of Singapore’s SMEs are now considering switching over to an all-digital banking platform. These findings of the study have been released at a time when the… Read More

October 30, 2020 @ 1:04 pm By JD Alois  |  

KingSwap a DeFi (decentralized finance) project has announced that it has raised over $20 million in funding and liquidity support. KingSwap expects to go live on Uniswap this Saturday, October 31, 2020. KingSwap says it set a soft cap of 1000 ETH (USD$ 380,000) but… Read More

October 28, 2020 @ 5:46 pm By Omar Faridi  |  

Singtel, one of Singapore’s largest telecommunications companies, is now progressing with its initiative to launch a digital bank with the help of the Grab, a multinational ride-hailing service provider. Sachin Mittal, analyst at Singapore’s DBS Bank, said that the joint initiative seems like “a strong… Read More

October 26, 2020 @ 10:49 pm By Omar Faridi  |  

SignKeys, a Singapore-based digital asset solutions provider, notes that recent positive news for Bitcoin (PayPal adding support for BTC and other cryptos) may have led to a 15% increase in its price (around $13,000 at the time of writing). SignKeys points out that Bitcoin still… Read More

October 26, 2020 @ 9:30 am By Omar Faridi  |  

We recently caught up 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… Read More

October 25, 2020 @ 9:26 pm By Omar Faridi  |  

Hong Fang, CEO at San Francisco-based OKCoin, a regulated cryptocurrency exchange, says she first heard about Bitcoin (BTC) in 2012. But it wasn’t until 2016 that she began to realize Bitcoin’s potential as a globally accessible medium of exchange or store of value. Hong noted… Read More

October 22, 2020 @ 10:32 pm By Omar Faridi  |  

Nexia TS, a Singapore-based accounting firm, notes that the use of blockchain or distributed ledger tech (DLT)-based solutions can potentially “improve compliance” and “decrease risks” typically associated with digital transformation processes. DLT-enabled solutions might also improve the overall efficiency of a company’s operations. The Nexia… Read More

October 22, 2020 @ 10:28 pm By Omar Faridi  |  

Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, is now available on Kyber Network, a protocol that facilitates automated, “decentralized,” instant, and low-cost exchanges of Ethereum-based digital assets. The Kyber Network… Read More

October 19, 2020 @ 8:51 pm By JD Alois  |  

Singapore based Proptech Propseller has raised a S$1.7 million (USD $1.2m) seed round, according to a note from the company. Propseller is described as the “modern real estate agency” that facilitates sales, purchases and property rentals. Propseller reports that it is currently transacting around S$… Read More

October 19, 2020 @ 1:19 pm By JD Alois  |  

Hedera Hashgraph, an enterprise-grade blockchain platform, has announced a partnership with Onchain to provide custody services in Asia. Onchain will be providing custody for Hedera’s native digital asset HBAR. Holders of HBAR will have the option to secure their HBAR tokens with Onchain’s SAFE digital… Read More

October 17, 2020 @ 12:02 pm By Omar Faridi  |  

Open Banking developments in Singapore could lead to more changes in traditional banking processes than those that involve digital banking and related infrastructure upgrades. Singapore’s addressable loan market for digital banks is valued at around S$220 and S$243 billion, according to estimates from the Fintech… Read More

October 16, 2020 @ 8:22 am By Samantha Hurst  |  

Novum Group, a Singapore-based blockchain advisory and investment firm, announced on Thursday the launch of its new free trading bot, CryptoHero. According to Novum, CryptoHero is a free cryptocurrency trading bot that is simple and intuitive for crypto beginners to setup and run. “CryptoHero portfolio… Read More

October 13, 2020 @ 5:28 pm By Omar Faridi  |  

iLex, a Fintech firm that is focused on improving the corporate loan market, has partnered with Refinitiv through its LPC brand, in order to integrate their loan solutions and redistribute LPC loan market data via the iLex platform. As mentioned in a release shared with… Read More

October 9, 2020 @ 2:12 pm By Omar Faridi  |  

Crypto exchange OKCoin, which claims that its trading services are regulated, has announced the launch of its business office in Singapore. The fiat-focused digital asset exchange aims to serve as the Southeast Asia hub catering to clients based in Asia and Oceania. According to a… Read More

October 9, 2020 @ 7:35 am By JD Alois  |  

KingSwap, described as a high-yield liquidity platform offering staking and digital collectibles (NFTs), has announced its advisory board with some high profile names. The KingSwap board includes Michael Terpin, founder, BitAngels and Transform Group; Lionel Iruk, Esq, Managing Partner and General Counsel at Empire Global… Read More

October 7, 2020 @ 7:01 am By Omar Faridi  |  

Singapore based DBS Bank Ltd, (SGX: D05), a multinational banking and financial services corporation with over $330 billion in assets, and Standard Chartered, a major British financial services provider, are reportedly leading a workgroup of 12 other banks that are helping to develop a proof-of-concept… Read More

October 6, 2020 @ 11:27 pm By Omar Faridi  |  

Razer Fintech’s parent company is reportedly backed by a cash balance of more than $500 million and has zero debt. Headquartered in Singapore, Razer Fintech plans to launch a global “youth bank.” The company’s management is currently laying the foundation and making other necessary preparations… Read More

October 4, 2020 @ 5:01 pm By Omar Faridi  |  

Michael Gerber, CEO of 360F, a Fintech firm that offers automated financial advice, has been focused on expanding the company’s operations into the MENA region. Gerber previously worked as the Managing Partner and CEO of a globally active management consultancy company. His professional career began… Read More

September 30, 2020 @ 10:36 pm By Omar Faridi  |  

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has reportedly become the world’s first lender to use a new Visa API that allows clients to add cards to third-party apps without having to carry or use… Read More