Tagged: thailand

Open Banking and Regtech Firm Railsbank Gains Hong Kong Fintech Statrys as New Client

UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech Statrys as a new client. Statrys offers digital business accounts, advanced payment options, and forex solutions for SMEs based in Asia. It provides convenient… Read More

Mobile Payments Platform KogoPay Signs MoU With Singapore Fintech Lightnet

KogoPAY, a UK-based mobile payments platform, announced on Wednesday it has signed a Memorandum of Understanding (MoU) with Singapore-based fintech Lightnet.  KogoPay reported that the MoU, which involves investment in KogoPAY UAB in return for shared operations in electronic banking, will provide both companies with… Read More

Finance Transformation & Finance Shared Service – Bangkok

 Today’s Chief Financial Officers (CFO) and Finance Organizations need to execute on a much broader range of responsibilities than existed in their traditional role as corporate accountant. Companies are facing never ending economic uncertainty, pressure to cut costs, grow revenue, ensure control and become a strategic business partner…. Read More

Singapore’s SME Financing Plaform Validus Secures $14 Million, with $20 Million in Committed Capital via Series B+ Round

Singapore-headquartered Validus, a financing platform focused on SMEs, has secured more than $14 million in funding, with $20 million in committed capital, from a Series B+ investment round. Validus’ round was co-led by Kuok Group’s Orion fund (managed by K3 Venture Partners) and the Vertex… Read More

UK Fintech TransferWise Enables Instant Money Transfers to Pakistan (PKR), Sri Lanka (LKR), Thailand (THB)

UK-based Fintech TransferWise recently revealed that customers can now send money instantly to several developing economies in Asia including Pakistan, Thailand, and Sri Lanka. The TransferWise team noted: “In the past, if you were sending money to Thailand (THB), Pakistan (PKR), or Sri Lanka (LKR)… Read More

Insurtech: Singapore-based Axinian, an Insurance Technology Firm, Rebrands itself to “Igloo”, Secures Additional Funding

Singapore-based Axinian, an insurance technology (Insurtech) firm, has reportedly finalized its Series A+ investment round. To date, the company has secured $16 million in capital for its ongoing growth and development. Axinian’s funding round was led by InVent, the corporate venture capital division of Intouch… Read More

Digital Payments Startup Azimo Partners Thailand’s Siam Commercial Bank to Settle Remittances via RippleNet

Azimo, an online funds transfer service provider, has teamed up with Thailand’s Siam Commercial Bank (SCB), the nation’s oldest financial institution, in order to introduce an instant international payments gateway from Europe to the Asian country. As mentioned in an announcement made on April 9,… Read More

Thailand’s Corporate VC Firm Krungsri Finnovate to Invest $10 Million in Three Startups to Improve Country’s Digital Infrastructure

Krungsri Finnovate, a corporate venture capital company operating under Bank of Ayudhya (BAY), the third-largest bank in Thailand in terms of assets, loans, and deposits, is planning to invest $10 million into the operations of three promising startups during the first half of this year…. Read More

ASEAN Exchanges, including Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam to Use Refinitiv’s Digital Solutions

ASEAN Exchanges, a group which consists of six major exchanges based in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, have reportedly chosen to integrate Refinitiv’s digital solutions onto their online platform. The solution offers critical data and insights to institutional and retail clients, and assists… Read More

Singapore-based Digital Asset Exchange Zipmex Awarded Operational License by Thai SEC

Zipmex, a Singapore-based crypto-asset exchange focused on offering retail and institutional investors the ability to make secure investments in cryptocurrencies, has reportedly acquired an operational license in Thailand, awarded by the Asian country’s Securities and Exchange Commission (SEC). The Zipmex crypto trading platform currently offers… Read More

Bank of Thailand Is Considering Issuing Licenses to Digital Banks to Enable Greater Financial Inclusion

The Bank of Thailand is reportedly considering issuing licenses to digital banks, which aim to provide greater financial inclusion while catering to changing consumer requirements in the digital age. New Fintech industry participants are encouraging competition and disruption in Thailand’s banking sector. These startups aim… Read More

Project Inthanon-LionRock: Hong Kong Monetary Authority Posts Report on CBDCs, Value Appears to be Limited

The Hong Kong Monetary Authority (HKMA) has posted a deck on its investigation into Central Bank Digital Currency (CBDCs). Project LionRock is the CBDC blockchain from Hong Kong and Inthanon is from Thailand as the two partnered in the project. The HKMA said it developed… Read More

Bangkok-based Lightnet, a Stellar Blockchain-enabled Platform, Secures $31.2 Million via Series A Round

Thailand-based Lightnet, a Stellar blockchain-enabled platform, has reportedly secured $31.2 million in funding in order to further develop its international payments service in the Southeast Asia region. The Bangkok-based company has finalized a Series A investment round that was led by established Asian financial conglomerates,… Read More

Thailand Might Not be Ready Like Singapore and Hong Kong to Implement Digital Banking Systems, Says Thai Central Bank Governor

Thailand is currently laying the groundwork for standalone or independently-functioning online banks as the Southeast Asian nation tries to catch up with other nearby markets that have been upgrading their banking infrastructure. Veerathai Santiprabhob, governor of the Bank of Thailand, noted during a recent interview:… Read More

Fintech Forward Thai Bank, Siam Commercial Bank, Partners with Ripple

Fintech forward bank Siam Commercial Bank (SBC) has partnered with blockchain firm Ripple, according to a blog post. SBC is Thailand’s oldest bank and has established itself as willing to push forward with Fintech partnerships. According to Ripple, SCB and Ripple will work together to… Read More

Insurtech: Thailand’s “Full-Stack” Insurance Technology Firm Sunday Secures $11 Million Extension for its Series A Round

Thailand’s “full-stack” Insurtech Sunday recently revealed that it has secured an additional $11 million extension to its Series A round, which is led by Quona Capital, a Fintech VC firm whose funds are supported by Accion, along with contributions from existing investors such as Vertex…. Read More

Thailand Arrests Chinese Gang Pervading Cryptocurrency Call Centre Scam

Authorities in Thailand have arrested 24 Chinese nationals perpetuating a scam involving cryptocurrencies and solicitation phone calls to citizens living in China. According to the Thai Immigration Bureau, the parties arrested were recruited by a gangster who, open the workers’ arrival, confiscated their passports. The… Read More

Thailand’s Siam Commercial Bank Launches Robo-Advisor, Is Reportedly Planning to Spin Off its Fintech Branches

Siam Commercial Bank Pcl, Thailand’s largest commercial bank in terms of total assets, is reportedly preparing to spin off its Fintech branches as the institution attempts to monetize its efforts into tech investment, at a time when its earnings from traditional lending have been relatively… Read More

Seamico Securities Gets Green Light from Thai SEC to Fire Up ICO Portal

Seamico Securities, which has been awaiting the green light to fire up an ICO portal called SE Digital inThailand, says it has been informed by the Thai Securities and Exchange Commission that it may, “initiate its business.” As per a letter hosted on the Seamico… Read More

Report: Southeast Asia’s Growing Internet Economy Is Driving Fintech Adoption

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

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