Tagged: southeast asia

September 28, 2023 @ 10:08 pm By Omar Faridi  |  

Rapyd, a global fintech firm, announced the expansion of its card acquiring solution to Singapore. This solution, when combined with Rapyd’s core Fintech as a Service platform, equips local businesses with the tools “to elevate their market presence locally and extend their global reach to… Read More

September 28, 2023 @ 8:32 am By Michael Wong  |  

Startups in Southeast Asia continue to struggle with funding as ecosystem funding falls to a five-year low for the third quarter of this year, according to a report released by SaaS-based market intelligence platform Tracxn. The report said the tech startup ecosystem in Southeast Asia… Read More

September 23, 2023 @ 10:51 am By Omar Faridi  |  

International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s $50 million investment adds to bolttech’s recent Series B funding round, now totaling US$246 million. bolttech will use the proceeds from… Read More

September 18, 2023 @ 7:22 am By Omar Faridi  |  

RAM Holdings Berhad, the holding company of the largest credit rating agency in Malaysia and Southeast Asia, has entered into a partnership with MVGX Tech and Carbon Rating Malaysia Sdn Bhd (CRM) to strengthen RAM’s ESG rating capabilities. MVGX is a carbon Software-as-a-Service (SaaS) company and… Read More

September 15, 2023 @ 12:11 pm By Omar Faridi  |  

The team at TWINO is pleased to announce the expansion of TWINO Group lending operations into the Philippines, in a continued partnership with VIA SMS Group under the VAMO brand. Thus, VAMO Philippines securities are now “available for investments on TWINO platform allowing you to… Read More

September 14, 2023 @ 9:06 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, has expanded its presence to Singapore. This makes Zodia Custody the first entity “that is owned by, and partnered with, banks to provide digital asset custody services for… Read More

September 11, 2023 @ 10:02 pm By Omar Faridi  |  

Globe, the telecommunications service provider and digital solutions platform in the Philippines, has partnered with international insurtech bolttech in order “to launch Gadget Xchange, a new mobile device program that will make postpaid device switching easier, no questions asked.” The innovative program reportedly “offers greater… Read More

September 5, 2023 @ 2:46 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that the President of the Republic of Singapore has appointed Chia Der Jiun “as Managing Director (Designate), MAS from 1 November 2023 to 31 December 2023, and as Managing Director, MAS from 1 January 2024 to 31 May 2026.”… Read More

August 30, 2023 @ 8:57 pm By Omar Faridi  |  

The Philippines’ “Pioneering” Digital Bank Tonik continues to take strides in furthering its Shop Installment Loan through its partnership with trusted retailer, Home Along. Since the onset of 2022, Tonik’s Shop Installment Loan “has been accessible across 70% of Home Along retail outlets, a strategic… Read More

August 30, 2023 @ 8:47 pm By Omar Faridi  |  

More Asian travelers to Malaysia will enjoy a seamless digital payment experience at over 1.8 million merchants across the country while Malaysian residents will be able to pay with e-wallets of their home country abroad, thanks to a MOU signed recently between Payments Network Malaysia… Read More

August 30, 2023 @ 9:08 am By Omar Faridi  |  

PT Bank BTPN Tbk, one of Indonesia’s leading banks, has transformed its Human Capital Management (HCM) processes by partnering with Darwinbox, the global HR technology provider. With this strategic move, the bank reaffirms its commitment “to providing valuable opportunities to make a significant impact on… Read More

August 29, 2023 @ 7:22 am By Omar Faridi  |  

Bank Indonesia, Bank Negara Malaysia, and the Bank of Thailand have reportedly concluded three bilateral Memorandum of Understanding (MoUs) on 25 August 2023. These MoUs are the Framework for Cooperation to Promote Bilateral Transactions in Local Currencies between the countries. The scope of the framework… Read More

August 28, 2023 @ 10:34 pm By Michael Wong  |  

Vietnam’s central bank, the State Bank of Vietnam (SBV), has officially joined the Regional Payment Connectivity (RPC) initiative, a scheme initiated by central banks in Southeast Asia to strengthen and enhance collaboration on payment connectivity. SBV officially signed the supplemental Memorandum of Understanding on Cooperation… Read More

August 28, 2023 @ 10:12 am By Omar Faridi  |  

The State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This recent development is “an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) that was initiated by the… Read More

August 26, 2023 @ 7:39 pm By Omar Faridi  |  

Maybank introduced the myimpact credit card, in efforts “to empower its customers towards making better sustainable life choices which will impact the next generation.” The credit card, which is “made from bio-sourced polylactic acid, features a ground-breaking initiative deemed first-of-its-kind in the country, provides mechanisms… Read More

August 21, 2023 @ 6:42 pm By Omar Faridi  |  

The latest Bank Financing Supply and Demand Survey conducted by Bank Indonesia in July 2023 reportedly “indicates limited growth of corporate financing, as reflected by a relatively stable Weighted Net Balance (WNB) of 17.6% compared to 17.8% in June 2023. Corporate financing was primarily sourced… Read More

August 20, 2023 @ 10:09 pm By Omar Faridi  |  

The Philippines’ First Neobank Tonik Digital Bank is pleased to announce the launch of its Shop Installment Loan to FC Home Center stores. The partnership pushes to “enhance the shopping experience of customers in the consumer durables market.” Customers will now have “access to 15-minute… Read More

August 20, 2023 @ 9:58 pm By Omar Faridi  |  

Atome Financial has announced that it has renewed and expanded its partnership with HSBC Singapore to include the Philippine market to its US$100m debt facility. At the moment, Atome has reportedly “disbursed more than US$4b in loans.” Atome Financial and HSBC Singapore had “entered into… Read More

August 20, 2023 @ 9:54 pm By Omar Faridi  |  

DBS (SGX:D05) and international certification body, TÜV SÜD, announced a year-long partnership to provide comprehensive training, testing, verification, and validation activities “for sustainability assurance and certifications to mid-cap firms as well as small and medium enterprises (SMEs).” Both parties will also “conduct joint outreach activities… Read More

August 19, 2023 @ 6:49 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Cebuana Lhuillier Bank, one of the most dynamic rural banks in the Philippines, has selected Temenos in order “to modernize its core banking platform, helping the bank, which serves seven million Filipinos, to quickly launch new banking products and scale… Read More