Tagged: southeast asia

October 2, 2022 @ 10:55 pm By Omar Faridi  |  

Maybank will fully migrate to a more secured authentication method via Secure2u by June 2023 for online activities or transactions “relating to account opening, fund transfers and payments as well as changes to personal information and account settings.” This is in line with Bank Negara’s… Read More

October 2, 2022 @ 10:53 pm By Omar Faridi  |  

ChainUp, which claims to be one of the leading blockchain technology service providers, celebrated its fifth anniversary on September 25, 2022 at the SKAI – Swissotel the Stamford, with an evening of announcements of new initiatives and partnerships. ChainUp reportedly “introduced its newly appointed Board… Read More

September 28, 2022 @ 1:26 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has expanded to Singapore in response to growing customer demand in the Asia-Pacific (APAC) region. The move allows Trulioo “to directly serve its extensive and expanding enterprise-level APAC customer base.” Steve Munford, CEO of Trulioo, said: “As businesses in… Read More

September 27, 2022 @ 9:10 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA basis “by the second half of 2024, as it accelerates its path to profitability.” For the second half of 2022, Group Adjusted… Read More

September 26, 2022 @ 10:41 pm By Omar Faridi  |  

Everimpact are partnering with STACS, a Singapore-based ESG fintech “to provide banks and corporates involved in the carbon market with greater trust and transparency.” Their partnership will “promote data-backed carbon credits with end-to-end traceability.” In the first phase of the project, Everimpact’s Digital carbon tracking… Read More

September 26, 2022 @ 9:39 pm By Omar Faridi  |  

CIMB Group Holdings Berhad strengthened its sustainability commitment by doubling its sustainable finance target to RM60 billion by 2024 “under the Group’s Green, Social, Sustainable Impact Products and Services (GSSIPS) Framework.” The increased target was announced during the opening of CIMB’s flagship The Cooler Earth… Read More

September 26, 2022 @ 7:37 pm By Omar Faridi  |  

Pan-Asian venture capital firm Gobi Partners announced the closing of its $10 million Gobi SuperSeed II (Gobi SSII) Fund “following the participation of Allianz Malaysia Berhad (Allianz Malaysia) as a Limited Partner (LP).” Other LPs backing the Gobi SSII Fund “are institutional investors Malaysia Venture… Read More

September 26, 2022 @ 9:27 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, announced that I-Remit, the largest non-bank remittance service provider in the Philippines, will “expand its use of Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows.” As a partner of Ripple since 2018, I-Remit… Read More

September 20, 2022 @ 11:57 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a Fintech Co-operation Agreement (CA) in order “to facilitate regulatory collaboration and partnership in FinTech.” The CA will promote the following: Regulatory Sandbox Collaboration – MAS and IFSCA will “leverage… Read More

September 20, 2022 @ 10:37 pm By Omar Faridi  |  

UOB Malaysia is teaming up with Syarikat Jaminan Pembiayaan Perniagaan Malaysia (SJPP) in order to introduce the U-Green Financing program, which will aim to support SMEs in prioritizing sustainability. The banking institution has reportedly allocated RM 1 billion for this initiative, and SJPP will be… Read More

September 18, 2022 @ 10:33 pm By Omar Faridi  |  

Southeast Asia’s Fintech platform Fazz, a business account for companies of all sizes to pay, save and obtain credit, recently secured $100 million via Series C funding. The $75 million in equity reportedly includes investments from existing investors: Tiger Global, DST Investment, B Capital, Insignia… Read More

September 18, 2022 @ 4:17 pm By Omar Faridi  |  

Robinsons Bank (RBank), owned by JG Summit Holdings, Inc., one of the Philippines’ largest and most diversified conglomerates, announced that it has chosen BPC as its solution partner to co-innovate, “to drive financial inclusion and digital adoption across the nation.” Using BPC’s SmartVista Platform, RBank… Read More

September 16, 2022 @ 5:17 pm By Omar Faridi  |  

Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025. The ITM 2025 lays out the growth strategies “to further develop Singapore as a leading international financial centre in… Read More

September 14, 2022 @ 1:03 am By Omar Faridi  |  

iLex, a Platform-as-a-Service (PaaS) fintech that designs, builds and operates digital market infrastructures for syndicated loans and private credit, announced the launch of its EMEA operations. The Singapore-based Fintech aims “to increase the liquidity, efficiency, and transparency of both primary and secondary loan markets through… Read More

September 13, 2022 @ 10:42 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) have jointly launched ESGenome, a digital disclosure portal for companies “to report Environmental, Social and Governance (ESG) data in a structured and efficient manner, and for investors to access such data in a consistent… Read More

September 8, 2022 @ 10:22 pm By Omar Faridi  |  

Investment platform PeerBerry reported that it will be listing CashXpress loans from the Philippines again. CashXpress will reportedly “offer double guaranteed 180 days term loans with a 12% ROI.” PeerBerry pointed out that you may review “the term and the loan type of CashXpress loans,… Read More

September 7, 2022 @ 11:58 pm By Omar Faridi  |  

With financial services globally and in Singapore shifting towards embedded finance, KPMG announced the launch of Singapore’s first Embedded Finance Hub with ambitions “to accelerate the adoption of embedded finance in the country.” The Hub, set to run for at least 2 years is expected… Read More

September 6, 2022 @ 11:39 pm By Omar Faridi  |  

Calastone, which claims to be one of the largest global funds networks, announced the opening of their regional headquarters in Singapore, “underpinning their aggressive growth strategy to expand product offerings and footprint across the Asia-Pacific (APAC) region.” Calastone claims it has been “disrupting the investment… Read More

September 6, 2022 @ 10:35 pm By Omar Faridi  |  

Versa Asia, a Malaysia-based digital cash management platform, recently revealed that they have finalized an “8-figure” investment round. Details of the funding have not been shared publicly. This latest investment round has reportedly been led by Hibiscus Fund, a VC fund that is being managed… Read More

September 6, 2022 @ 9:57 pm By Omar Faridi  |  

Maybank has designed its own Sustainable Product Framework (SPF) – the “first” by a Malaysian bank – “to enable greater development of green, social and sustainable products.” The framework, which will support the Group’s commitment of ‘Mobilizing RM50 billion in Sustainable Finance by 2025’, will… Read More