News
Techsauce Global Summit 2023 concludes with resounding success
The summit saw over 16,000 visitors from 50 countries worldwide, with an international participation rate of over 40 percent.
Insurtech Ouch! enters market as the first digital Takaful operator in Malaysia
Malaysia-based insurtech platform Ouch! has launched its first digital takaful product Pusara Pro in the country. The plan marks Ouch!’s formal entry into the takaful market as the first digital Takaful operator in Bank Negara Malaysia’s regulatory Sandbox.
Chubb survey: digital wallet race intensifies as banks, FinTechs invest in Insurance
The digital wallet race intensifies as banks and FinTechs inAsia and around the world invest in insurance, according to Chubb survey revealed on Wednesday. A majority (56 percent) of financial executives involved in insurance decision-making globally expect to generate more than 10 percent of their revenue from embedded insurance within three years.
Animoca Brands becomes official AWS Activate Provider to accelerate Web3 development
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, announced Wednesday that it has become an official AWS Activate Provider, enabling it to offer to its portfolio companies the tools, resources, content, and expert support to build on AWS and accelerate development for Web3 products and services.…
Malaysia’s UEM acquires majority shares in Sustainable energy solutions company Cenergi
Malaysian engineering-based infrastructure and services company UEM Group Berhad has secured majority shares in sustainable energy solutions company Cenergi SEA Berhad (Cenergi) from Khazanah Nasional Berhad (Khazanah).
Vietnamese EV maker VinFast debuts on NASDAQ after completing SPAC merger
Vietnamese electric vehicle (EV) automaker VinFast Auto Ltd. (VinFast) has made a strong debut on Nasdaq on Tuesday. The stock opened at $22, more than double the $10 per share agreed with VinFast's special purpose acquisition company (SPAC) partner Black Spade Acquisition (Black Spade) that had valued VinFast at $23 billion. The stock ended at $37.06 on…
Thailand’s TrueMoney facilitates staff benefits for Charoen Pokphand (C.P.) Group and Lotus’s in Malaysia
TrueMoney, a Thailand-based e-wallet services provider, has officially facilitated with Thailand's Charoen Pokphand (C.P.) Group and supermarket chain, Lotus’s, to empower staff benefits in Malaysia. Starting from May, Lotus’s staff can enjoy the convenience of facilitated offers and benefits from TrueMoney, while C.P. Group staff will receive these…
Robocash: payment transactions in SEA will reach $54 trillion in 2027
Analysts of Robocash Group have revealed that the total volume of payments in Southeast Asia (SEA) will grow 86 percent to reach $53.9 trillion by 2027. Vietnam and Indonesia will account for the largest shares in this figure.
Animoca Brands partners CyberConnect to build decentralized social layer for Mocaverse
CyberConnect, a United States-based Web3's social network, has entered into a memorandum of understanding (MoU) for a strategic partnership with Animoca Brands, the Hong Kong-based gaming and metaverse firm, to build a decentralized social layer for Mocaverse, the non-fungible token (NFT) collection of the Animoca Brands ecosystem.
