03/22/2022
Central banks, BIS team up on digital-currency payments
This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions.
FinTech
03/22/2022
Fintech Acquires Citi Small Business Banking Assets
Singapore-headquartered Validus was founded in 2015 and is focused on SME growth financing in Southeast Asia.
03/21/2022
MoneySmart Gets $162 Million Bid
The major shareholders of MoneySmart holding more than 5 percent stakes include Catapult Ventures CEO and Founder Vinod Nair, Kakaku.com, SPH Ventures and Golden Gate Ventures, the filing said.
03/17/2022
Crealogix listed as a strong performer in The Forrester Wave™: Digital Wealth Management Platforms
The report also noted that reference customers highlighted our platform’s reliability, validated the strong front-end experience, and noted our responsiveness and good implementation support.
03/16/2022
Buddy Technologies writes down intangible assets
Buddy’s write down is a result of adopting significantly reduced forecast revenue growth rates.
03/16/2022
Microsoft, Temasek invest in ConsenSys
ConsenSys will use the proceeds to buy Ether for its treasury, which holds the second-largest cryptocurrency along with stablecoins and other digital tokens.
03/15/2022
Tata Mutual Fund launches Tata Nifty India Digital Exchange Traded Fund
“As a result of the structure of the index, we believe that the Tata Nifty India Digital Exchange Traded Fund will be able to leverage on the evolving digital scenario in the long term”
03/15/2022
AMP Bank’s investment in technology speeding up loan approvals
Banking
03/15/2022
SGX and OCBC launch low carbon index tracking of top companies
The resulting top 50 companies by market capitalisation will constitute the index with capped weighting to ensure portfolio diversification.
03/13/2022
Top Strategic Technology Trends for 2022
Composable applications make it easier to use and reuse code, accelerating the time to market for new software solutions and releasing enterprise value.
03/13/2022
State Street inks pact to develop and launch institutional digital asset custody services
Boston-based State Street had US$42.6 trillion of assets under custody and/or administration and $3.9 trillion of assets under management as of end-June 2021.
03/10/2022
SS&C Forms Long-Term Partnership with Australian Wealth Manager
SS&C will work closely with North’s technology team as it continues to enhance the platform’s digital and administrative capabilities for advisers and clients.
03/10/2022
Bank Rakyat Indonesia moves into open banking
In Indonesia over 50% of the population does not have a bank account.
03/09/2022
Leaders in FinTech: International Women’s Day 2022
To mark the occasion this year, we reached out to our leaders to get their perspectives on today’s environment for women in FinTech and HealthTech—and what advice they have for those entering the field.
03/08/2022
Singapore’s Digital Banking Platform IN Financial Technology Acquires MyCash
It is also considering an IPO in Singapore by 2025 which may increase the company’s valuation to $500 million-$1 billion.
03/08/2022
Aussie crypto star Immutable banks $280m at $3.5b valuation
It is the developer and publisher of Gods Unchained and Guild of Guardians
03/08/2022
Zeta enters into global partnership with Mastercard, eyes $300 mn in revenues through tie up
Mastercard, along with other investors, has also invested in Zeta as part of a $30 million fundraise. Zeta's co-founder and CEO Bhavin Turakhia expects this partnership to yield $300 million in revenues over the next seven years.
03/08/2022
Wavemaker Closes $136 Million Fund for Southeast Asia Startups
One of Singapore’s earliest venture firms, Wavemaker has invested in over 170 companies since 2012.
03/03/2022
Nomura, a Japanese wealth manager, to analyze crypto and NFTs through new section
As part of the reform, the company announced the creation of a new Digital Company, which will start functioning in April.
03/02/2022
Asia Spotlighted as Post-SWIFT Alternative for Russia
The People’s Bank of China also has a multi-billion dollar currency swap with the Russian central bank which has also been slapped with sanctions restricting its usage of its international reserves.