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Digital banking is the most competitive sector in Southeast Asia’s fintech market, says Rabocash
The digital banking sector is the most competitive in the Southeast Asia (SEA), with a score of 9,692 on the Herfindahl-Hirschman Index (HHI) (reverse) index, Robocash Group said Thursday.
Southeast Asia ecommerce achieves $ 99.5B GMV in 2022, says Momentum Works
Southeast Asia Ecommerce achieved $99.5 billion gross merchandises value (GMV) in 2022, 1.8 times that of 2020 - the first year of the pandemic, a report showed Thursday. Momentum Works said in a statement that despite strong headwinds in Southeast Asia’s ecommerce sector in 2022, growth and competition continued.
Malaysia secures $1.79B investment commitments at London Tech Week – report
These investments are expected to create no fewer than 1,800 high-value jobs, the minister said at the signing of a memorandum of understanding (MoU) between Malaysia Digital Economy Corporation (MDEC) and the International Data Centre Authority (IDCA).
Malaysia’s Agmo inks MoU with Alibaba Cloud for EV superapp
Malaysian digital solutions and application development specialist Agmo Holdings Berhad has inked a memorandum of understanding (MoU) with Alibaba Cloud (Malaysia) Sdn. Bhd, cloud computing company of China-based Alibaba Group, to launch electric vehicle (EV) superapp.
Netskope’s Colin Estep on managing cybersecurity risks amid “Great Resignation” [Q&A]
"Departing employees are not the only ones posing a risk. Virtually any employee can exfiltrate #data, whether inadvertently or on purpose. It would be a mistake for organizations to focus their attention on specific cohorts of employees, ignoring the broader risk of easy data exfiltration over ubiquitous cloud-based services. Our research showed most of…
India’s HighXP raises $2.2M in seed funding led by 3one4 Capital
HighXP, an India-based casual gaming studio building social games, has raised $2.2 million in seed funding. The funding was led by 3one4 Capital with participation from Prime Venture Partners and Gemba Capital.
Data centers: Fueling the Generative AI economy
As the #GenerativeAI wave continues to surge, the demand for #datacenters grows alongside it. However, the industry must tackle the challenges posed by talent scarcity and continue to put #sustainability first.
Malaysia to reform startup ecosystem, focus on investment, says minister – report
“We will persuade these 20 agencies (related to the ecosystem) that we will have to move towards a single window approach similar to what we have done with the visa application system,“ he said.
Singapore-based deeptech startup Zero-Error Systems raises $7.5M in oversubscribed Series A funding
Zero-Error Systems (ZES), a Singapore-based deeptech startup, has secured an investment of $7.5 million in an oversubscribed Series A funding round. The funding round saw participation from the Dart Family Office and Airbus Ventures.
Quest Ventures-backed ApartX raises $250,000 in oversubscribed series seed round
ApartX, a Quest Ventures-backed property technology startup focused on rental property management, has on Wednesday announced that it had secured seed funding of $250,000 from Kazakhstan-based Big Sky Capital and Activat VC.
