Tagged: southeast asia

April 25, 2024 @ 9:33 pm By Omar Faridi  |  

API infrastructure Fintech Setu has announced the appointment of Anand Raisinghani as its new CEO. Anand is said to vast experience in “building high-performance teams and joins at a time when consent-based structured data sharing via the Account Aggregation model is gaining prominence.” Prior to… Read More

April 24, 2024 @ 11:40 pm By Omar Faridi  |  

Funding Societies, the unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced a partnership with Singapore E-Business (SGeBIZ) – a digital procurement, payment and sourcing platform provider – to bring B2B (business-to-business) embedded finance (EmFi) solutions to businesses in Singapore, that… Read More

April 15, 2024 @ 7:55 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and Mastercard (NYSE: MA) signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore. The strategic partnership aims to further cement the collaboration between… Read More

April 9, 2024 @ 10:23 pm By Omar Faridi  |  

In Singapore’s dynamic e-commerce landscape, payment cards reign supreme, commanding over 40% of the market share for online transactions in 2023. As consumers increasingly pivot “towards digital channels, the country’s e-commerce market is expected to register a robust 13% growth in 2024 to reach SGD22.3… Read More

April 8, 2024 @ 7:45 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced updates to its Board of Directors. With immediate effect from April 1, 2024, Daniel Yun (Chief Executive Officer of KakaoBank) and David Loh (Executive Director and Joint Chairman of Centurion Corporation) will be appointed to Grab’s Board of Directors,… Read More

April 4, 2024 @ 9:52 pm By Omar Faridi  |  

As the fintech landscape in Singapore continues to expand and evolve, the need for an updated, comprehensive registry has never been clearer, according to an update shared with CI. As stated in the announcement, the upcoming launch of the SFA FinTech Ecosystem Registry in June… Read More

April 2, 2024 @ 5:12 am By Omar Faridi  |  

The Malaysian card payments market is expected to grow by 10.2% to reach MYR387 billion ($84.9 billion) in 2024, supported by constant consumer shift towards non-cash payments, says GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card payments value in Malaysia… Read More

March 26, 2024 @ 6:34 pm By Omar Faridi  |  

Alibaba’s Ant Group has reportedly committed another SGD 200 million investment into ANEXT Bank, which is its wholly-owned subsidiary and SME digital bank. This, according to media reports from March 25, 2024. As reported by DealStreetAsia, the digital finance and technology firm had previously committed… Read More

March 19, 2024 @ 4:13 pm By Omar Faridi  |  

Tonik, the digital bank in the Philippines, announces the appointment of Mr. Cesar O. Virtusio as a new Independent Director on the Board of its regulated bank subsidiary, Tonik Digital Bank Inc. Mr. Virtusio, an experienced professional in the Philippine and foreign banking and finance… Read More

March 11, 2024 @ 2:11 am By Omar Faridi  |  

PolicyStreet, a regional insurtech company, partners with Direct Lending, a digital lending marketplace platform, to unveil DirectCare+, an embedded personal accident microtakaful with a loan protection feature. DirectCare+ stands as PolicyStreet’s inaugural microtakaful product offering, “solidifying PolicyStreet’s position as the first home-grown insurtech to embark… Read More

March 6, 2024 @ 5:11 am By Omar Faridi  |  

Bitstamp announced that it received the In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS). According to an update from Bitstamp, this is considered to be “a crucial step towards obtaining our Major Payment Institution license.” IPA paves the way for Bitstamp to “provide… Read More

February 29, 2024 @ 4:21 pm By Omar Faridi  |  

HashKey Technology Services Pte. Ltd., the over-the-counter trading arm of HashKey Group, has received in-principle approval from the Monetary Authority of Singapore for its Major Payment Institution licence application to provide digital payment token services. The in-principle approval from the MAS, which is described as… Read More

February 24, 2024 @ 10:33 am By Omar Faridi  |  

In line with its effort to enhance financial security for Malaysian families, PolicyStreet partners with neobanking service provider Vircle to introduce Vircle Club Protect—an exclusive embedded coverage “for children available to all Vircle VISA prepaid card subscribers.” Vircle, known for its parent-friendly e-money solutions, “empowers… Read More

February 22, 2024 @ 2:11 am By Omar Faridi  |  

A new report found that over half of finance-savvy Singaporeans own crypto, with staking emerging as the top use case, presenting an opportunity for regulated platforms to enable compliant participation in this growing trend through features emphasizing security, consumer protections and compliance. Crypto creates economic… Read More

February 20, 2024 @ 9:38 pm By Omar Faridi  |  

Tonik Digital Bank, the Philippines’ first digital-only neobank, revamped the Big Loan, a multipurpose loan catering to a wider range of Filipinos’ financial needs. First launched in 2023, the Big Loan reportedly “offers borrowers up to P5 million with flexible, tailored repayment options, competitive interest… Read More

February 20, 2024 @ 9:36 pm By Omar Faridi  |  

Maybank introduced the myimpact SME Hub, a one-stop integrated and holistic ecosystem for Malaysian Small and Medium Enterprise (SMEs), “offering value-based solutions established on sustainable and ethical principles.” It also serves as a knowledge hub and support system “to facilitate and partner SMEs in their… Read More

February 14, 2024 @ 6:14 pm By Omar Faridi  |  

Tonik Digital Bank announces its newest strategic collaboration with Southeast Asian payment gateway, Xendit. The partnership marks a significant milestone for both companies, “as they join forces to deliver secure, convenient, and customer-centric financial solutions.” The partnership with Xendit will further “enrich Tonik’s ecosystem by… Read More

February 1, 2024 @ 7:46 pm By Omar Faridi  |  

Colt Technology Services, the digital infrastructure company, announced the successful completion of a three-month Proof of Concept utilizing Singapore Exchange (SGX Group)’s Derivatives data, showcasing how Market Data in the Cloud, Colt’s Multicast Raw Market data distribution service for Capital Markets, is “unlocking the full… Read More

January 29, 2024 @ 8:13 pm By Omar Faridi  |  

Tonik Digital Bank Inc. (TDB), the digital bank in the Philippines, announced a significant leadership transition. Long Pineda, President of TDB, will be retiring from her executive role and will “assume the position of non-executive Chairman of the Board of Directors of TDB.” In her… Read More

January 24, 2024 @ 7:27 pm By Omar Faridi  |  

Informatica (NYSE: INFA), an enterprise cloud data management leader, today announced that UnionBank of the Philippines, a universal bank in the Philippines, has chosen to adopt Informatica’s intelligent Master Data Management (MDM) SaaS as “the bank transitions from an on-premises solution to the cloud as… Read More