Tagged: southeast asia

November 29, 2022 @ 10:40 pm By Omar Faridi  |  

ChainUp Group, a global blockchain technology solutions provider, announced the launch of the IPFS Infrastructure Flagship Fund I (the Fund) by its subsidiary Bedrock Trust Pte Ltd, a Singapore-based and licensed asset and wealth management firm. Bedrock Trust will “be the manager of the Fund,… Read More

November 29, 2022 @ 8:15 am By Omar Faridi  |  

Regional Insurtech Igloo announced that it has successfully “raised an additional $27 million in its Series B extension, bringing a close to its Series B funding round at $46 million.” The initial Series B capital raise of $19M in March this year was “led by… Read More

November 26, 2022 @ 9:01 am By Omar Faridi  |  

The UK and Singapore have agreed a new MoU “boosting fintech trade and cooperation at their 7th Financial Dialogue in Singapore.” The UK and Singapore agree a Memorandum of Understanding (MoU) “on the UK–Singapore FinTech Bridge to remove barriers to fintech trade and boost cooperation.”… Read More

November 25, 2022 @ 12:22 pm By Omar Faridi  |  

Experian – which claims to be a leading global information services company – has announced its official appointment by the Singapore FinTech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group “as the bureau operator for Singapore’s BNPL Working Group.” The appointment “involves… Read More

November 24, 2022 @ 7:34 pm By Omar Faridi  |  

Network for Electronic Transfers (NETS) has announced the launch of the NETS Prepaid Card, which is described as its first “smart” stored-value card for retail and transit. There is reportedly no minimum age, income requirement, annual subscription fees or credit checks needed for the purchase… Read More

November 24, 2022 @ 2:33 pm By Omar Faridi  |  

UOB EVOL cardholders will now be able “to offset 100 per cent or more of their household electricity carbon footprint for free when they charge SP Group’s (SP) utilities bills to their credit card, via a new exclusive feature jointly launched by UOB and SP… Read More

November 23, 2022 @ 7:31 pm By Omar Faridi  |  

The international remittances company, Tempo France and the Spanish company Elsa Care Technologies (Elsa.care) have launched money transfers to the Philippines. Clients are now able “to send money through the Elsa.care’s app to the recipients’ bank accounts in this country.” The integrator of the technical… Read More

November 20, 2022 @ 9:37 pm By Omar Faridi  |  

LMAX Group, the operator of institutional exchanges for trading FX and digital assets, is expanding its global technology infrastructure in Asia Pacific “following the launch of a matching engine in the Equinix IBX Data Centre in Singapore (SG1).” SG1, which went live earlier this year,… Read More

November 19, 2022 @ 9:39 pm By Omar Faridi  |  

Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed “to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments.” A Memorandum… Read More

November 16, 2022 @ 10:28 pm By Omar Faridi  |  

Opn, the one-stop payments solutions company from Japan and Southeast Asia, announced that it has acquired MerchantE, an end-to-end digital commerce platform that “provides payment processing and solutions to businesses of all sizes in the United States.” The acquisition will “accelerate Opn’s growth and innovation… Read More

November 16, 2022 @ 3:07 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced its partnership with Singlife with Aviva, a financial services company in Singapore. Through this partnership, all customer-facing platforms and internal employee gift cards for Singlife “will be powered by Qwikcilver, a Pine Labs brand.” Pine Labs will also… Read More

November 15, 2022 @ 10:07 pm By Omar Faridi  |  

KKR, a global investment firm, and Privy, a digital trust provider in Indonesia, announced the signing of definitive agreements under which KKR “will participate as the lead investor in the $48 million Series C funding round of Privy, with participation from existing investors MDI Ventures,… Read More

November 13, 2022 @ 10:47 pm By Omar Faridi  |  

ChainUp, a global blockchain technology solutions provider, announced that it will be providing crypto exchanges “with a Merkle Tree Proof-of-Reserves solution to promote transparency of crypto assets.” A Merkle Tree is “a cryptographic tool that enables the consolidation of large amounts of data into a… Read More

November 10, 2022 @ 9:03 pm By Omar Faridi  |  

Tonik, the Philippines’ first neobank, continues “to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.” Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan,… Read More

November 10, 2022 @ 4:15 pm By Omar Faridi  |  

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s data-driven fintech and e-commerce ecosystem, announced the establishment of a strategic cryptocurrency payment partnership with Canada-based CoinSmart Financial Inc, a Toronto-headquartered crypto asset trading platform. Under this paradigm-shifting collaboration, SmartPay by CoinSmart “provides transaction settlement services in… Read More

November 9, 2022 @ 10:37 pm By Omar Faridi  |  

Weavr, a London-headquartered technology provider that empowers businesses with plug-and-play embedded finance solutions, sets up in Singapore “as part of its mission to make embedded financial services available to any digital business.” Backed by a US$40m Series A led by American investment firm Tiger Global,… Read More

November 7, 2022 @ 7:26 am By Omar Faridi  |  

Bursa Malaysia Berhad and the London Stock Exchange Group (LSEG) signed a Memorandum of Understanding (MoU), in order “to expand the ESG collaboration between the two exchanges as well as explore new areas of opportunity.” Under the MoU terms, Bursa Malaysia and FTSE Russell, LSEG’s… Read More

November 6, 2022 @ 10:24 pm By Omar Faridi  |  

UnionDigital Bank, the digital banking subsidiary of Union Bank of the Philippines, recently announced its partnership with cloud-native banking technology company Thought Machine and has “deployed its core banking engine, Vault Core.” Thought Machine’s next-generation core technology has “enabled UnionDigital Bank to swiftly build its… Read More

November 6, 2022 @ 9:31 pm By Omar Faridi  |  

The global wealth and asset management segment of Manulife Financial Corporation, Manulife Investment Management recently announced its cooperation with Singapore-headquartered environmental, social, and governance (‘ESG’) fintech Hashstacs Pte Ltd (‘STACS’). The cooperation centers “around the usage of STACS’ ESGpedia digital registry, which powers the ESG… Read More

November 6, 2022 @ 8:43 pm By Omar Faridi  |  

iLex, a Platform-as-a-Service fintech that designs, builds and operates digital market infrastructures for the US$6 trillion syndicated loans and private credit market, announced recently that it “has US$10 billion of assets listed on its platform.” The number of market participants across APAC and EMEA on… Read More