Tagged: southeast asia

July 5, 2023 @ 1:27 am By Omar Faridi  |  

Nium, which claims to be the leader in real-time global payments, recently announced the opening of its new headquarters in Singapore. The ceremony was officiated by Mr. Heng Swee Keat, Deputy Prime Minister of Singapore. The new facility, located strategically at Capital Tower in the… Read More

July 4, 2023 @ 6:04 pm By Omar Faridi  |  

This week, it was widely reported that Singapore will soon require cryptocurrency exchanges to keep customer assets in a trust as part of efforts to ensure funds are safeguarded following the implosion of FTX in November. The city-state also plans to push ahead with a… Read More

July 4, 2023 @ 3:54 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced new requirements for Digital Payment Token (DPT) service providers to safekeep customer assets under a statutory trust before the end of the year. This will aim to “mitigate the risk of loss or misuse of customers’ assets, and… Read More

July 3, 2023 @ 7:20 am By Omar Faridi  |  

PeerBerry investors funded €65.12 million of loans in June and received €819,213 in interest. The amount of funded loans on the PeerBerry platform “was 3% higher than the previous month.” PeerBerry’s portfolio “amounted to €115.17 million at the end of June.” 1205 new investors “joined… Read More

July 2, 2023 @ 2:43 pm By Omar Faridi  |  

Robo.cash claims that it sees strong potential for the Asian fintech market, which is already setting certain trends, according to an update from the firm. The parent holding of Robo.cash plans “to focus on digital banking” in Asian markets. During the Finfellas P2P conference in… Read More

July 1, 2023 @ 10:20 am By Omar Faridi  |  

OCBC (SGX: O39) has launched a fully digital account opening service for consumers in its key markets who are relocating to Singapore. These individuals from Malaysia, Indonesia, mainland China and Hong Kong SAR will be able to “open Singapore dollar and multi-currency accounts on the… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

June 27, 2023 @ 9:43 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) published a report proposing a framework for designing open, interoperable networks for digital assets (i.e. tokenized real-economy and financial assets). The report Enabling Open & Interoperable Networks was jointly “developed with subject matter experts at the Bank for International… Read More

June 23, 2023 @ 11:06 am By Omar Faridi  |  

Xapo Bank, a “fully licensed” private bank that combines traditional banking with the utility of Bitcoin and stablecoins, announced that it will begin accepting members across South Asia, including India, “making its full suite of hybrid banking services and the financial opportunities they present accessible… Read More

June 23, 2023 @ 8:34 am By Omar Faridi  |  

Uppsala Security, a global cybersecurity pioneer headquartered in Singapore, announced the relaunch of ChainKeeper, their security platform, which now includes a brand new SaaS model. With this update, the company further “cements its commitment to providing robust, comprehensive, and user-friendly cybersecurity tools for the ever-evolving… Read More

June 22, 2023 @ 9:10 am By Omar Faridi  |  

Ripple, which claims to be the leader in enterprise blockchain and crypto solutions, announced that its Singapore subsidiary Ripple Markets APAC Pte Ltd, has obtained In-Principle Approval of the Major Payments Institution License application from the Monetary Authority of Singapore (MAS). This license will allow… Read More

June 21, 2023 @ 8:04 am By Omar Faridi  |  

Gemini is pleased to announce their expansion plans in APAC as Gemini’s leadership team recently visited the region on their global odyssey “to propel the promise of crypto.” Over the next 12 months, they plan “to increase their headcount to 100+ in Singapore.” Gemini’s APAC… Read More

June 21, 2023 @ 7:51 am By Omar Faridi  |  

Mambu has strengthened its presence in Thailand with the appointment of a new in-country team, led by Woratep Yunyongkul as Country Manager and Wiwat Masuchun as Regional Partner Manager. With extensive experience in banking and technology fields, the new Mambu Thailand team is poised “to… Read More

June 20, 2023 @ 11:02 pm By Omar Faridi  |  

Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran signed a memorandum of understanding (MOU) on June 19, 2023 at the Department of Finance (DOF) office in Manila “to enhance cooperation between the Philippines and India in the field… Read More

June 19, 2023 @ 11:35 am By Omar Faridi  |  

We recently connected with Andrew Saks, who talked about the importance of financial inclusion for the vast majority. Notably, 1.4 billion people remain unbanked, which takes several countries in Southeast Asia to allow a larger virtual currency ecosystem to take root in their countries. The… Read More

June 18, 2023 @ 3:41 pm By Omar Faridi  |  

Sygnum announces the upcoming expansion of its regulated operations in Singapore following the in-principle approval of its Major Payment Institution Licence (MPIL) application. The expanded Singapore offering includes regulated crypto brokerage service. It marks the latest expansion of Sygnum Singapore’s regulated activities “following the three-part… Read More

June 18, 2023 @ 3:38 pm By Omar Faridi  |  

Pilon, a Singapore-headquartered FinTech firm that offers cloud-based Supply Chain Financing system, announced that it has successfully secured a top-up round from Philippines-based Kaya Founders “to accelerate growth plans and strengthen its presence in the Philippines market.” This undisclosed round of funding “follows a highly… Read More

June 13, 2023 @ 10:14 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched the 8th edition of the Global Fintech Hackcelerator, titled “Artificial Intelligence (AI) in Finance Global Challenge”, in order to “produce innovative and market-ready AI solutions that can transform the financial services industry.” The competition is “conducted in… Read More

June 11, 2023 @ 6:54 pm By Omar Faridi  |  

Tonik recently revealed that it’s pleased to announce that they have successfully “onboarded over 1 million users since they launched in March 2021.” According to Tonik, this is such a momentous occasion for them “because it is solid proof of our significant contribution to improving… Read More

June 11, 2023 @ 12:03 pm By Omar Faridi  |  

Netbank, the banking as a service platform, has launched a service that allows international remittance companies to facilitate overseas remittances into the Philippines. The market for Philippine Peso remittances “is huge since there is a large number of Filipino migrant workers all around the globe.”… Read More