FinTech
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.
Malaysia’s Payd secures $400,000 seed extension funding from A2D Ventures, Orbit Startups, AngelSpark
Payd, a Malaysian fintech company specializing in earned wage access (EWA) solutions, has successfully raised a $400,000 seed extension round from A2D Ventures, Orbit Startups, and AngelSpark.
Bank Islam partners RELDYN to set up TechFin entity to provide finance-related digital technology products, services
Malaysian lender Bank Islam Malaysia Berhad announced Thursday it has partnered Malaysian cloud technology firm RELDYN Tech Sdn Bhd to set up a technology finance (TechFin) entity to provide finance-related digital technology products, services.
ThaiQuest partners SIX to expand market data access, enhance financial information business
Thai financial market solutions firm ThaiQuest has agreed a multi-year partnership with SIX, the global financial data and market infrastructure provider, to access comprehensive market data from SIX and enhance its financial information business.
Singapore’s Syfe offers to acquire ASX-listed investment platform Selfwealth for $41M
Syfe, a Singapore-based saving and investment platform, has made a non-binding indicative offer to acquire Selfwealth, one of Australia’s largest digital investing platforms, for A$65 million ($40.83 million) cash.
CVC Funds agree sale of OANDA to FTMO
CVC Asia Fund IV, via its holding limited partnership, has entered into an agreement for the sale of OANDA Global Corporation (OANDA) to FTMO group (FTMO).
Innovation in alternative credit data & AI credit scoring is a double-edged sword for borrowers
Dynamic pricing has been a controversial practice as it raises ethical questions about fairness and transparency.
Swiss fintech firm additiv expands APAC operations with new Indonesia office
Additiv, a Switzerland-based digital solutions and platforms for the financial services industry, has on Monday announced the opening of its new office in Jakarta, Indonesia, marking the expansion of its Asia Pacific operations.
