Razer Fintech, Grab and Singtel bid for Singapore digital banking licence
There are only five of the new licences up for grabs.
Singapore
Latvia’s Robocash set to raise $5m for P2P investments in Southeast Asia
European investors can now back 12-month commercial loans in Singapore.
DBS Wealth Management extends ten-year partnership with Avaloq
The agreement will see an expanded version of Avaloq Banking Suite deployed in Singapore.
Ant Financial to raise $1 billion fund for Southeast Asian and India start-ups
The fund is for payments and online finance start-ups.
Singapore’s FinAccel raises $90m to make financing more accessible in Southeast Asia
FinAccel hits $500 million evaluation.
Microgen Financial Services and Touchstone Wealth Management merge
The firms hope to create a leader in the trust and corporate services sector.
China’s Ant Financial is actively looking for Singapore banking licence
The Monetary Authority of Singapore (MAS) has five licences on offer.
Asian massage chair tycoon targets Singapore banking licence
Ron Sim is said to be in talks with Singapore-based investment company Temasek.
DBS Bank unveils trade finance blockchain project
The new scheme is supported by a handful of collaborators.
Singapore remittance start-up InstaReM rebrands to Nium
Nium CEO envisions a world where everyone’s money is free for them to use.
Revolut launches in Singapore
Country will be Revolut’s first Asian market and second outside Europe
PPRO joins forces with GrabPay in paytech partnership
Integration deal will support PPRO’s footprint in Asia-Pacific.
FinovateAsia Best of Show winners announced
“We are thrilled to be back in the Garden City.”
CIMB Bank Singapore completes first trade finance transaction with blockchain
Bank was aided in the transaction through use of iTrust platform.
Banks must improve cyber risk culture, says MAS panel
Singaporean regulator’s experts call out bank culture.
Revolut reveals new agreement with Visa, set to hire 3,500
Revolut is eyeing up several new markets in 2019 and 2020
Sibos 2019: Cultural barriers need to fall to make cybersecurity more transparent
Banks need to go beyond ISO requirements, says Cramer.
Sibos 2019: Swift reveals 41 second European payments pilot
The payment traveled from Singapore to Germany.
Adhara expands into Singapore and appoints Stanley Yong
Yong has nearly ten years’ experience at the Monetary Authority of Singapore.
Ping An Insurance considers Singapore neobank licence
The company has already secured a Hong Kong banking licence.
Indonesian FSA launches online register to monitor fintechs
The platform will grow business through OJK’s innovation hub.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
soCash raises $6m in Series B
The round was led by Glory Ltd, SC Ventures and Vertex Ventures to expand their footprint.
HSBC launches multicurrency virtual account for treasury
Available in the UK, USA, Hong Kong and Singapore.
Instarem seeks banking licence in Singapore
The fintech is looking for a partner bank to do so.
Sparrow’s options trading platform takes flight
Trade options will be settled by smart contract.
FinMechanics eyes European expansion with Amsterdam office
FinMechanics is seeking additional implementation partners and initial Europe-based sites.
Regtech ClauseMatch closes $2.5m venture debt funding with SVB
The money will fund further expansion into Europe and Asia.
Singapore-based challenger YouTrip scores $25.5m funding
It will use the funding for international expansion.
Financial supermarket GoBear raises $80m
The fintech aims to tackle financial exclusion.
Video: fintech news weekly round-up – 23 April 2019
Facebook, Stripe, and Europe’s biggest IPO.
Mastercard joins investment round for Singapore AI start-up AIDA
The company plans expansion into Japan and the Philippines.
Rapyd and OCBC offer Singapore’s first instant mobile payments solution
Partnership leverages national PayNow transfer service.
ZhongAn licensed to launch virtual bank in Hong Kong
Products will be developed with community input.
ClauseMatch expands to Asia with Singapore office
It already serves clients with Singapore presence.
Instarem partners with First Data to enable card issuance
It will begin with corporates and fintechs in Singapore.
