FinTech
Singapore’s StraitsX partners with Standard Chartered to strengthen stablecoin infrastructure
Through this collaboration, Standard Chartered will serve as one of StraitsX’s trusted banking partners, providing robust cash management and custody services for the reserve assets backing StraitsX’s U.S. Dollar and Singapore Dollar stablecoins, XUSD and XSGD.
Straits Millennium secures in-principle approval for MAS MPI license to offer DPT services in Singapore
Straits Millennium Pte Ltd, a member of Singapore-based financial services firm Straits Financial Group, has on Monday announced that it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) License to offer digital payment token (DPT) services in the country.
Singapore’s Lendela names Kent Huang, Steven Wong as CFO and CTO to scale APAC expansion
Lendela, a Singapore-based loan matching platform, has on Monday announced the appointment of Kent Huang as Chief Financial Officer (CFO) and Steven Wong as Chief Technology Officer (CTO) to scale its Asia Pacific (APAC) expansion.
Digido partners PalawanPay to strengthen credit access in the Philippines
Philippine-based financial platform Digido announced Monday that it has signed a memorandum of agreement with PalawanPay, the digital wallet of Palawan Group of Companies (PGC), to strengthen access to fair credit.
AEON Bank and MADCash team up to launch program to empower female microentrepreneurs
Malaysia-based Islamic digital bank AEON Bank (M) Berhad has embarked on a strategic collaboration with fintech enabler focusing on female empowerment MADCash Sdn. Bhd. to empower 100 female entrepreneurs from B40 communities to kickstart their businesses and grow their entrepreneurial skills.
Ant International opens first Middle East office in Saudi Arabia
With the new office launch, Ant International will work more closely with local partners in the payment ecosystem to provide innovative payment solutions and inclusive financial services to local acquirers and merchants, especially SMEs doing business in KSA to empower their sustainable growth.
CGC Digital, Funding Societies, and FarmByte team up to support agricultural financing in Malaysia
Malaysia-based fintech firm CGC Digital, Singapore-based financing platform Funding Societies | Modalku (Funding Societies), and Malaysia-based agricultural digital service firm FarmByte have teamed up to support agricultural financing in Malaysia.
MAS and ABS to establish new payments entity to position national payment schemes for next stage of growth
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have on Wednesday jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes to position these schemes for the next stage of growth.
Atome Financial grows credit facility to $80M with BlackRock Private Credit, InnoVen Capital funding
Atome Financial, a Singapore-based digital financial technology platform and part of Advance Intelligence Group, has secured funding from BlackRock Private Credit, InnoVen Capital, growing its credit facility to $80 million.
StraitsX partners with RedotPay and Visa to advance digital asset payments
StraitsX, a Singapore-based digital asset infrastructure provider, has partnered with Hong Kong-based cryptocurrency payment firm RedotPay and global payment firm Visa to advance digital asset payments.
