FinTech
The trifecta effect: Fostering consequential conversations at the intersection of policy, technology, and finance
To drive the global fintech industry in the #Web3 era, there is a pressing need to foster a more timely and synergistic dialogue between policymakers, technologists, and financial service experts — three industry stakeholders that have historically operated in siloes. For instance, in Southeast Asia, less than half of industry leaders believe regulators…
The promising and challenging terrain of embedded finance in Southeast Asia
In the rapidly evolving world of financial technology, few themes resonate as powerfully as embedded finance. It stands as a beacon that enables truly seamless and frictionless financial services for diverse industries, from #ecommerce and marketplaces to #remittance providers and smaller and medium-sized banks. Enterprises across these sectors are well…
AIZEN Global and Grab forge partnership in mobility finance
AIZEN Global, a South Korea-based artificial intelligence (AI)-powered financial services, has announced a strategic partnership agreement with Grab, Southeast Asia's leading super app. This dynamic collaboration is set to revolutionize the emerging realm of e-mobility finance, aligning with Grab's ambitious plans to introduce approximately 50,000 electric…
Grab delivers first adjusted profitable quarter as topline continues to grow
Southeast Asia superapp Grab said Thursday it has delivered the first adjusted earnings before interest, taxes, depreciation (EBITDA) profitable quarter as topline continues to grow. The group's adjusted EBITDA turned positive for the first time at $29 million for the third quarter, an improvement of $190 million compared to adjusted losses before interest,…
American Express expands Singapore Decision Science Center of Excellence
American Express has on Thursday announced it is deepening its investment in artificial intelligence (AI) with the expansion of the Singapore Decision Science Center of Excellence (CoE). The CoE will now extend beyond credit decisioning and fraud prevention use cases to focus on data science applications in the areas of marketing and servicing model…
Airwallex sees strong growth momentum in Singapore, reports 13 times of revenue growth
Global payment firm Airwallex has seen strong growth momentum in Singapore as businesses recovered from the pandemic and the world reopened. In the first half of 2023, Airwallex Singapore saw 13 times of growth (1,213 percent) in year-on-year revenue and more than 11 times of growth (1,015 percent) in total transaction volume.
Wise Platform partners Agoda to provide payment options for travellers
Wise Platform, Wise’s infrastructure solution for banks and major enterprises, has joined forces with Agoda, a digital travel platform, to provide faster and more convenient payment options for travellers worldwide.
Singapore’s BondbloX raises $6M in Series B funding round
Singapore-based Fintech BondEvalue Pte. Ltd. (BondbloX) has added new investor Beacon Venture Capital, the corporate venture arm of Thailand’s Kasikornbank, to its cap table as part of a $6 million Series B round.
Singapore’s LXA raises $10M in seed funding round led by NEA
LXA, a Singapore-based fintech startup, has on Wednesday announced the completion of its $10 million seed funding round led by New Enterprise Associates, Inc. (NEA). The round also saw participation from Openspace Ventures and EDBI.
Malaysia’s Maybank expands cross-border services to China; boosts ASEAN financial integration
Malaysian lender Malayan Banking (Maybank) has on Wednesday announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying its existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions.
