FinTech
US’s Payoneer gets approval to provide additional payment services in Singapore
Payoneer, the United States-listed payments firm, has received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore (MAS). The license, once received, will allow Payoneer to offer additional payments services.
Validus secures first tranche in Series C-1 round from major East Asian strategic investors
Validus, the Singapore-based financing platform, has on Friday announced that it has secured its first tranche of funds in a Series C-1 round with new, key strategic investors NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte F&L Singapore.
South Korea’s Akros Technologies raises $2.3M funding led by ZVC
South Korean artificial intelligence (AI)-driven fintech start-up Akros Technologies announced on Friday the that it has raised $2.3 milion in a strategic funding round prior to the scheduled Series A funding round next year.The strategic investment was led by ZVC, the corporate venture capital (CVC) of Z Holdings which has global mobile platform LINE…
Wealthcare app Hugosave acquires Visa Principal Member Issuing Licence in Singapore
Singapore-based wealthcare and savings app Hugosave officially announced on Tuesday that it has become a Visa Principal Member Issuing Licensee under its parent company, Atlas Consolidated Pte Ltd. As a principal licence holder, Hugosave will now be able to issue Visa cards directly, as well as sponsor associate licences under Visa,
Airwallex aims to accelerate growth in APAC with new Chief Revenue Officer and APAC GM
Australia-based global fintech platform Airwallex has on Tuesday announced that Kai Wu has been jointly appointed as the company’s Chief Revenue Officer (CRO) and Asia-Pacific General Manager (APAC GM). Kai has held a number of senior positions at Airwallex for close to five years, including as Chief Financial Officer and Greater China Chief Executive…
SGX-listed Silverlake Axis partners Siam Commercial Bank for micro-lending solutions
Singapore listed enterprise technology, software and services company Silverlake Axis Ltd (SAL) has on Tuesday announced its agreement with Siam Commercial Bank (SCB) - one of Thailand’s top five banks, to power SCB’s innovative strategy of building new propositions outside of the traditional bank.
ALAMI Group Founder Dima Djani on the role of truly sharia financial products in driving social impact [ORIGIN Innovation Awards Q&A]
As the financial technology ecosystem, ALAMI has a bold mission to spread the positive impact and build a more equitable society using technology based on sharia principles, so we committed to establish truly sharia digital financial products and services that drive the social impact and provide the best experience to the user.
Tonik acquires TendoPay to enter employee benefits market
Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name "TendoPay". This deal is set to further cement its leading position in digital credit inclusion in the…
87 percent of Malaysia consumers want a better online experience from banking services providers, a survey shows
Confidence in digital banking is rising in Malaysia but consumers want a better online experience and more personalized offerings, according to the new Asia-Pacific focused Bank of the future survey revealed on Friday from Capco, the global technology and management consultancy.
Al Rajhi Bank Malaysia launches digital bank
Al Rajhi Bank Malaysia (ARBM) has taken a big step forward for financial services in Malaysia with the launch of Rize, a first-of-its-kind digital bank. Rize is built with state-of-the-art technology to provide a reimagined, end-to-end digital banking experience for its customers.
