FinTech

The Race for the five digital banking licenses heats up further as more consortiums and companies announced their application, including ride-hailing giant Grab-Singtel consortium, which bagged a digital full-bank license in Singapore last year. These consortiums also include overseas investors and technology partners from Singapore, Japan, and China.

The funding will go towards scaling their team in Singapore, relocating their new headquarters, focus on growth in Southeast Asia and increased support for cross chain interoperable Digital ID applications.

The startup seeks to tap into a growing opportunity in the retail investing space in Vietnam. The country of 97 million population has more than 75 percent internet users transacting money digitally, but only roughly 3.14 million--or 3.2 percent of the population-- investing in securities.

Fairbanc's proprietary data science and machine learning platform leverages supply-chain data of FMCG distributor partners which allows financial institutions to assess credit risk and extend working capital to MSMEs with limited credit history and collaterals, according to the disclosure.

To convey their innovation and distinctiveness, the companies behind DeFi projects need to pay attention to engagement. Investors and customers typically do not go out of their way to get to know certain DeFi projects more, especially since not many of them have a solid grasp of what crypto and DeFi actually are.

Since its founding in 2019, BukuWarung has been helping MSMEs digitize their businesses by offering numerous accounting solutions to move onto the digital platform. The startup has more than 6.5 million registered partner merchants across 750 Indonesian cities and towns on its platform.

In this article, we discuss how app or gaming founders can position their companies to take advantage of the opportunities that exist. We also look at how economies typically respond during economic shock periods and how to proactively navigate your business through the current period.

A fintech headquartered in Singapore has been granted a license to operate a digital bank in the Philippines. UNObank aims to bridge the financial inclusion gap to help pave the way for all Filipinos to have access to basic financial services.