Tagged: southeast asia

November 4, 2021 @ 10:20 pm By Omar Faridi  |  

Thailand’s Siam Commercial Bank (BKK: SCB) revealed that it has acquired a 51% controlling interest in crypto exchange Bitkub for $537 million. As mentioned in the announcement, the acquisition has been finalized with assistance from SCBX. The details were confirmed in October 2021 and Bitkub… Read More

November 4, 2021 @ 9:20 pm By Tony Zerucha  |  

Lynx Global has partnered with cryptoasset custody and trading solutions provider Copper.co to improve financial inclusion to the underserved population in Southeast Asia. The process begins with the digital hotbed of the Philippines. Under this association, Copper.co will provide custody and complete institutional cryptoasset trading… Read More

November 3, 2021 @ 9:05 pm By Omar Faridi  |  

Shopping and rewards platform ShopBack announced on November 2, 2021 that it has obtained consent from shareholders of hoolah, a Buy Now, Now Later (BNPL) platform, for a 100% acquisition of the firm by ShopBack. hoolah, combined with ShopBack’s position as the publisher and shopping… Read More

November 3, 2021 @ 6:02 pm By Omar Faridi  |  

International provider of Cloud-enabled data automation and reconciliation services, Duco, confirms that digital currency platform, Coinhako, has adopted Duco’s services in order to automate and control its data management, supporting the firm’s growth objectives. Established in 2014, Coinhako is a platform for access to digital… Read More

November 2, 2021 @ 11:23 pm By Omar Faridi  |  

Singapore-headquartered payments platform FOMO Pay has entered into a partnership with Merkle Science, a predictive blockchain monitoring and investigative platform, in order to improve its compliance, risk management and threat detection processes. Last month, FOMO Pay had been issued the Digital Payment Token (DPT) Service… Read More

November 1, 2021 @ 10:51 pm By Omar Faridi  |  

NTUC Income, an insurance cooperative based in Singapore, has reportedly made its first efforts to expand into three other Southeast Asian markets including Indonesia, Vietnam and Malaysia. NTUC Income has entered strategic partnerships with PT Central Asia Financial (JAGADIRI) in Indonesia, Post and Telecommunication Joint… Read More

November 1, 2021 @ 10:47 pm By Omar Faridi  |  

Omise, a Thailand-headquartered payments platform for businesses operating in Southeast Asia and Japan, revealed earlier this week that it has introduced its services in Malaysia as part of the firm’s expansion efforts across the region. Founded in 2013, Omise is a payments platform which offers… Read More

October 31, 2021 @ 6:14 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has announceed the finalists for the Global Fintech Hackcelerator and the Singapore Fintech Festival (SFF) Global Fintech Awards. These Awards are among “the key highlights of SFF 2021, which will take place from 8 to 12 November 2021,” according to… Read More

October 30, 2021 @ 4:13 pm By Omar Faridi  |  

CIMB Bank Philippines has teamed up with Lalamove in order offer convenient credit access to partner drivers via the bank’s Buy Now, Pay Later (BNPL) product offering, called REVI Credit. This partnership will allow Lalamove partner drivers to get quick access to credit for their… Read More

October 28, 2021 @ 10:17 pm By Omar Faridi  |  

Singapore-headquartered SME financing platform Validus has reportedly acquired KlearCard’s business payments and expense management tech platform. The financial terms of the deal have not been shared publicly. Established in 2015, Validus is Singapore’s largest SME financing platform focused on “unsecured lending to growing businesses.” The… Read More

October 25, 2021 @ 11:23 pm By Omar Faridi  |  

The team at digital assets firm Gemini are pleased to announce the launch of Gemini Earn in Hong Kong, enabling users to earn as much as 8.05% APY on their crypto-assets. With Gemini Earn, interest is earned and compounded on a daily basis, and you… Read More

October 23, 2021 @ 4:57 pm By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announced that it has completed “its first set of live trades on its electronic foreign exchange (e-FX) hub, based in SG1.” The e-FX hub, which was created with assistance from the Monetary Authority of Singapore (MAS), allows Deutsche Bank’s customers to… Read More

October 21, 2021 @ 10:36 pm By Omar Faridi  |  

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

October 20, 2021 @ 11:59 am By Omar Faridi  |  

Atlas Technology Group LLC, a leader in the digital asset space and one of the largest ASIC mining firms; and Compute North, a company focused on mining infrastructure, have announced a new hosting service agreement under which Compute North will offer more than  100MW colocation… Read More

October 18, 2021 @ 9:47 pm By Omar Faridi  |  

Amanah Saham Nasional Berhad (ASNB), the wholly-owned unit trust management firm of Permodalan Nasional Berhad (PNB), revealed earlier this week the introduction of its mobile registration and online onboarding solution (e-KYC), along with a goal-based investing feature via the myASNB mobile app. The digital onboarding… Read More

October 17, 2021 @ 9:09 pm By Omar Faridi  |  

PayMaya Philippines has partnered with bolttech, a global Insurtech, in order to give Filipinos easier access to “affordable” microinsurance and services delivered “seamlessly on the PayMaya app with PayMaya Protect.” Through the partnership, PayMaya‘s clients may benefit from relevant and “easy-to-understand” coverage in the PayMaya… Read More

October 17, 2021 @ 7:17 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Grab, which is Southeast Asia’s leading “Super App” provider, announced on October 14, 2021, a regional partnership to support digital and financial inclusion in the region. This partnership will aim to offer millions of informal workers and small businesses on the… Read More

October 16, 2021 @ 7:08 pm By Omar Faridi  |  

KrediFazz, a subsidiary of FinAccel that operates as a P2P lending Fintech, has been issued a business license from the Financial Services Authority (OJK) via the Decree of the OJK Board of Commissioners Number: KEP-81 /D.05/2021, dated August 24, 2021. KrediFazz, a Fintech firm with… Read More

October 11, 2021 @ 10:26 pm By Omar Faridi  |  

PT Bank Jago Tbk recently announced that Ribbit Capital, which is one of the leading Fintech investors whose investments includes Tinkoff, Revolut, BharatPe, Robinhood, Affirm, Nubank, Coinbase and Credit Karma, has made an investment in Bank Jago, an Indonesia-listed tech -based bank with “a drive… Read More

October 6, 2021 @ 10:55 pm By Omar Faridi  |  

METACO, the provider of security-critical software and infrastructure to the digital asset ecosystem, reveals that it has established its Asia Pacific headquarters in Singapore, “with a strong team managed by newly appointed Managing Director APAC, Patrick Enjalbal.” As mentioned in a release shared with Crowdfund… Read More