Tagged: singapore

March 15, 2020 @ 3:14 pm By Omar Faridi  |  

Vinnie Lauria, an entrepreneur and venture capitalist who established Golden Gate Ventures, an early-stage VC company managing more than $250 million in assets, notes that his Singapore-based company has been watching emerging tech sectors across the Southeast Asia region. Lauria reveals that he’s seeing significant… Read More

March 15, 2020 @ 2:17 pm By Omar Faridi  |  

Earlier this month, the AMTD Group, a financial services group established by CK Hutchison (a Cayman Islands–registered global conglomerate based in Hong Kong that focuses on ports and related services, retail, infrastructure, energy, and telecommunications, and operates in more than 50 countries), revealed that it’s… Read More

March 15, 2020 @ 10:45 am By Xu Gao  |  

The PBC, NDRC and Four Other Authorities Jointly Release the Work Plan for Coordinated Regulation of Financial Infrastructures In order to strengthen the construction of financial infrastructure, coordinate the regulation of important financial infrastructures and improve the capability of the financial sector to serve the… Read More

March 14, 2020 @ 7:09 pm By Omar Faridi  |  

Singapore-headquartered DBS Bank, a multinational banking and financial services corporation with over $330 billion in total assets, has reportedly facilitated a trade financing settlement through vCargo Cloud’s CamelONE trade finance portal (TFP). The SGD 4.8 million (appr. $3.4 million) letter of credit transaction was carried… Read More

March 14, 2020 @ 3:25 pm By Omar Faridi  |  

PropertyGuru, an online property marketplace, revealed on March 12, 2020, that it will be  expanding into home finance with the launch of PropertyGuru Finance. According to a release, the proptech company’s management noted that it aims to help Singapore’s residents save money and have a… Read More

March 12, 2020 @ 11:56 am By Omar Faridi  |  

Cathay Financial has reportedly decided to join Plug and Play Singapore’s insurance technology  (Insurtech) program.  Both parties are planning to extend their partnership by working cooperatively with promising startups that are developing products and services for the financial services and health industry.  Cathay Financial and… Read More

March 12, 2020 @ 7:36 am By JD Alois  |  

Luxembourg based Fintech Tokeny Solutions has partnered with Cynopsis to provide a streamlined compliance solution to its customers. Cynopsis Solutions was established in Singapore in 2014 and offers services designed to automate KYC processes. It has operations in Singapore, UK, Taiwan, and Vietnam. Cynopsis Solutions… Read More

March 11, 2020 @ 11:21 pm By JD Alois  |  

Phemex, a crypto derivatives trading platform led by former Morgan Stanley executives, has raised $3.5 million in a funding round led by NGC Ventures. In a release, Phemex said it will utilize the additional capital for global expansion into Japan, Korea and Russie as well… Read More

March 9, 2020 @ 9:57 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) has introduced the Digital Trade Standards Initiative (DSI), which is a collaborative cross-industry project that will aim to develop standards and best practices for conducting digital trade. The ICC Digital Trade Standards Initiative will continue to build on the… Read More

March 8, 2020 @ 11:33 pm By Omar Faridi  |  

Up, a life-planning solution developed by BTO, a Singapore-based Fintech firm, recently teamed up with iCompareLoan, a mortgage-comparison portal, in order to provide home-owners and new buyers improved and more competitive mortgage planning services.  Clients using the Up platform will now be able to access… Read More

March 8, 2020 @ 8:00 pm By Omar Faridi  |  

Tom Trowbridge, former president at Hedera Hashgraph and current president at Triterras, a blockchain-powered Fintech solution for the trade finance sector, recently shared his views and insights with Crowdfund Insider. Triterras was established in 2012 in order to meet the rising demand for commodities that… Read More

March 8, 2020 @ 7:10 pm By Omar Faridi  |  

Hong Kong-headquartered EMQ, a globally accessible financial settlement network, recently revealed that it’s planning to connect to Singapore’s Fast and Secure Transfers (FAST) network and also offer services in other Southeast Asian countries such as Malaysia. EMQ’s solution will allow businesses to easily make digital… Read More

March 8, 2020 @ 7:00 pm By Omar Faridi  |  

In June 2020, Singapore’s regulatory authorities will be issuing operational licenses to three new wholesale neobanks in order to provide better services to underbanked small-and-medium-sized enterprises (SMEs).  The Monetary Authority of Singapore (MAS) confirmed in mid-2019 that it would begin accepting applications for five new… Read More

February 29, 2020 @ 2:30 pm By Omar Faridi  |  

LINE, a Japan-based messaging service provider, has reportedly closed down its Singapore-headquartered crypto exchange BITBOX and has launched a globally accessible platform, BITFRONT. Headquartered the US, BITFRONT is run by LVC USA, which is a subsidiary of LVC Corporation, a company that manages LINE’s digital… Read More

February 28, 2020 @ 11:37 pm By Samantha Hurst  |  

BitMax.io, a Singapore-registered digital asset trading platform with a global footprint, and Bithumb Korea, a South Korean-based cryptocurrency exchange, recently announced they have formed a strategic partnership to enhance product platform as well as accelerate global expansion. The companies reported that the key terms of the… Read More

February 27, 2020 @ 9:28 pm By Omar Faridi  |  

Singapore-based neobank Tonik Financial Pte. Ltd. has acquired $6 million in funding as it plans to officially introduce its services in the Philippines during the third quarter of this year. Tonik has received seed funding from Fintech venture developer Forum. The digital bank has also… Read More

February 26, 2020 @ 9:17 pm By Samantha Hurst  |  

KuCoin, a Singapore-based global cryptocurrency exchange, announced on Wednesday the launch of its Instant Exchange service, which allows instant crypto transaction service for BTC, ETH, LTC, XRP, BCHABC, and USDT. The service was developed by KuCoin and a market maker of the Chicago Mercantile Exchange… Read More

February 26, 2020 @ 8:59 pm By Omar Faridi  |  

The South Korean government reportedly set up a help desk in Singapore in January 2020, in order to support Korean Fintech firms, as they continue to expand their business operations into Southeast Asia. This, according to Korea’s financial regulator, the Financial Services Commission (FSC). The… Read More

February 26, 2020 @ 7:29 am By JD Alois  |  

Robo.cash, a peer to peer lender and part of the Robocash Group, is reporting a rapid increase in the percentage of P2P loans financed by Singapore based investors. According to a release, in just 2 months €2.1 million of loans or a 5th of the… Read More

February 25, 2020 @ 12:28 pm By Omar Faridi  |  

Singapore-headquartered Fintech Hoolah has revealed that it will be introducing its interest-free installment plan in Malaysian markets. Established in 2018, Hoolah lets customers pay for their purchases in three easy monthly installments without having to pay any interest or extra fees. Hoolah has teamed up… Read More