Tagged: southeast asia

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More

July 25, 2023 @ 10:17 pm By Omar Faridi  |  

Bangko Sentral ng Pilipinas (BSP) reports that personal remittances from Overseas Filipinos (OFs) reportedly “reached US$2.78 billion in May 2023, higher by 2.9 percent than the $2.70 billion registered in the same month last year.” The increase in personal remittances in May 2023 was “due… Read More

July 25, 2023 @ 8:41 pm By Omar Faridi  |  

TNG Digital Sdn Bhd has launched its digital remittance services, GOremit in the Touch ‘n Go eWallet, as part of its commitment to innovate and drive inclusivity across products and services. With GOremit, users can “send money securely to five Southeast Asian countries namely Indonesia,… Read More

July 23, 2023 @ 5:00 pm By Omar Faridi  |  

Consumer fintech Salmon announced it has secured a $20 million debt facility from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the debt placement, Salmon will expand its… Read More

July 20, 2023 @ 10:51 pm By Omar Faridi  |  

Sumsub announces its plans to make Singapore its APAC headquarters and wider business development goals in the region. This strategic move comes in response “to the escalating threat of identity fraud in the region with the rise in digital startups.” In recent years, Singapore has… Read More

July 17, 2023 @ 11:11 pm By Omar Faridi  |  

Razorpay says they have always believed that simplifying payments is a universal problem. Businesses across the world grapple “with the same question: how can my payments experience be simpler, faster, and more efficient?” At Razorpay, they took this challenge head-on in India, “solving for tens… Read More

July 17, 2023 @ 10:38 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have signed a Memorandum of Understanding (MoU) in order “to collaborate on a Financial Transparency Corridor (FTC) initiative.” The initiative aims “to establish supporting digital infrastructures to facilitate trade and cross-border related… Read More

July 10, 2023 @ 6:59 pm By Omar Faridi  |  

Maybank entered into a strategic partnership with Cambridge International Financial Advisory (IFA) in order “to establish the collaboration and to explore new opportunities in the field of Islamic Finance.” The ceremony took place at Menara Maybank, Kuala Lumpur “with over 150 attendees consisting of industry… Read More

July 6, 2023 @ 10:10 pm By Omar Faridi  |  

Concordium, the Layer 1, science-backed blockchain creating a safer digital world, has today announced its strategic partnership with IMPERO Group, a technology consulting firm based in South East Asia. This collaboration marks “a significant milestone in Concordium’s expansion plans and aims to revolutionize identity management… Read More

July 6, 2023 @ 10:04 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) recently announced that Maha El Dimachki will join the BIS Innovation Hub (BISIH) team as “the new head of the Singapore Centre, starting on 1 October 2023.” Ms El Dimachki is currently Head of Early and High Growth Oversight… Read More

July 5, 2023 @ 1:27 am By Omar Faridi  |  

Nium, which claims to be the leader in real-time global payments, recently announced the opening of its new headquarters in Singapore. The ceremony was officiated by Mr. Heng Swee Keat, Deputy Prime Minister of Singapore. The new facility, located strategically at Capital Tower in the… Read More

July 4, 2023 @ 6:04 pm By Omar Faridi  |  

This week, it was widely reported that Singapore will soon require cryptocurrency exchanges to keep customer assets in a trust as part of efforts to ensure funds are safeguarded following the implosion of FTX in November. The city-state also plans to push ahead with a… Read More

July 4, 2023 @ 3:54 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced new requirements for Digital Payment Token (DPT) service providers to safekeep customer assets under a statutory trust before the end of the year. This will aim to “mitigate the risk of loss or misuse of customers’ assets, and… Read More

July 3, 2023 @ 7:20 am By Omar Faridi  |  

PeerBerry investors funded €65.12 million of loans in June and received €819,213 in interest. The amount of funded loans on the PeerBerry platform “was 3% higher than the previous month.” PeerBerry’s portfolio “amounted to €115.17 million at the end of June.” 1205 new investors “joined… Read More

July 2, 2023 @ 2:43 pm By Omar Faridi  |  

Robo.cash claims that it sees strong potential for the Asian fintech market, which is already setting certain trends, according to an update from the firm. The parent holding of Robo.cash plans “to focus on digital banking” in Asian markets. During the Finfellas P2P conference in… Read More

July 1, 2023 @ 10:20 am By Omar Faridi  |  

OCBC (SGX: O39) has launched a fully digital account opening service for consumers in its key markets who are relocating to Singapore. These individuals from Malaysia, Indonesia, mainland China and Hong Kong SAR will be able to “open Singapore dollar and multi-currency accounts on the… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

June 27, 2023 @ 9:43 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) published a report proposing a framework for designing open, interoperable networks for digital assets (i.e. tokenized real-economy and financial assets). The report Enabling Open & Interoperable Networks was jointly “developed with subject matter experts at the Bank for International… Read More

June 23, 2023 @ 11:06 am By Omar Faridi  |  

Xapo Bank, a “fully licensed” private bank that combines traditional banking with the utility of Bitcoin and stablecoins, announced that it will begin accepting members across South Asia, including India, “making its full suite of hybrid banking services and the financial opportunities they present accessible… Read More

June 23, 2023 @ 8:34 am By Omar Faridi  |  

Uppsala Security, a global cybersecurity pioneer headquartered in Singapore, announced the relaunch of ChainKeeper, their security platform, which now includes a brand new SaaS model. With this update, the company further “cements its commitment to providing robust, comprehensive, and user-friendly cybersecurity tools for the ever-evolving… Read More