FinTech
Bolttech, Allianz Partners team up to offer insurance solutions across APAC and US
Global insurance firm Allianz Partners and Singapore-based insurtech firm bolttech have announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific (APAC) and the United States.
Malaysian stock exchange, TNG Digital, Affin Hwang team up to broaden share trading services in Malaysia
Malaysian bourse Bursa Malaysia Berhad (Bursa Malaysia), payment firm TNG Digital Sdn Bhd (TNGD) and investment firm Affin Hwang Investment Bank Berhad (AHIBB), have teamed up to broaden share trading services in Malaysia via a digital wallet. The trio have signed a memorandum of collaboration (MoC) to enable investors to easily participate in the stock…
Nearly 7 in 10 SMEs in Southeast Asia rely on startup capital from savings, family and friends: SME Industry Report
In Southeast Asia, about 70 percent of small and medium enterprises (SMEs) started their business with seed money raised from their personal savings and from family and friends’ financial support, said a report published by Funding Societies, a Southeast Asia’s unified SME digital finance platform.
Rapyd Survey unveils nearly 50 percent of Singapore businesses express need for innovative fintech solutions
Nearly one in two businesses in Singapore expressed a strong need for innovative fintech solutions to tackle business concerns, according to a recent study on business to business (B2B) cross-border payments published by global fintech leader Rapyd on Tuesday.
South Korea’s KakaoBank acquires 10 percent stake in Indonesia’s Superbank
South Korean digital bank KakaoBank and Indonesian lender Superbank have announced a strategic partnership to drive digital banking innovation in Indonesia. In this strategic partnership, KakaoBank will acquire a 10 percent stake in Superbank through the issuance of new shares.
Boost partners CelcomDigi to launch global prepaid card in Malaysia
Malaysia-based FinTech firm Boost has partnered mobile service provider CelcomDigi to launch global prepaid card on the Mastercard network. The prepaid card which is called the Beyond Card is the first two-in-one international card in Malaysia, enabling customers to access funds from Boost wallet balance and utilize a pre-approved credit line.
Indonesia’s ALAMI raises growth investment and strengthens senior management team
Indonesia-based fintech firm ALAMI Group has on Thursday announced the completion of a growth investment round led by Indonesia-only venture capital firm Intudo Ventures. The round is also participated by existing investors such as East Ventures (Growth fund), AC Ventures, Quona Capital, and Golden Gate Ventures.
AirAsia Cambodia partners Oriental Bank to offer innovative payment solutions for flight bookings
AirAsia Cambodia has on Thursday announced a strategic partnership with Oriental Bank Plc, a digital banking institution in the country, to offer innovative payment solutions for flight bookings tailored to the needs of Cambodian guests.
Malaysian Central Bank to finalize DITO Framework in first half of 2024
Malaysian Central Bank said Thursday that it will be refining several aspects of the Digital Insurers and Takaful Operators (DITO) Framework. Bank Negara Malaysia plans to finalize the framework by the first half of 2024.
Singapore’s 2C2P bolsters global growth with strategic executive appointments
2C2P, a Singapore-based global payments platform, has on Wednesday announced that it has appointed three new senior executives to drive further expansion and enhance its service delivery, solidifying its commitment to excellence in the ever-evolving payments landscape.
