03/02/2021
GIC reportedly buying 9% of Indonesia's Bank Jago to tap Digital Banking Business
Bank Jago will hold a one-for-3.6 rights issue, which gives investors the right to buy one new share for every 3.6 existing shares that they own.
FinTech
03/02/2021
Asia Pacific fintech fundraising falls to six-year low on pandemic
According to KPMG, this is a reflection of “significant maturity” of the country’s fintech sector, particularly in the payments space which is dominated by handful of technology giants.
03/02/2021
Revolut Singapore drives everyday use of card with cashback of up to 20% for public transport spend this March and April
Starting 1 March 2021, Revolut Singapore is giving its customers another reason to use its card for their everyday needs.
03/02/2021
Interest in Thai Insurtech Sector Picks up
Founded in 2011, AppMan has since expanded across Southeast Asia, opening offices in Ho Chi Minh City, Vietnam, and Jakarta, Indonesia.
03/01/2021
Thailand wants crypto traders to have at least 1 million baht annual income
Thailand’s gross development product per capita was $7,806 in 2019, according to World Bank data.
02/26/2021
Southeast Asia’s biggest travel app plans regional fintech expansion before 2021 listing
Traveloka, which says it has 40 million active monthly users, is developing “buy now, pay later” services for Thailand and Vietnam markets.
02/26/2021
Singapore Exchange partners with China’s OneConnect to build ESG platform
SGX Senior Managing Director Michael Syn adds that the platform will help the companies report on ESG with more effective alignment to major disclosure standards.
02/26/2021
Cryptocurrency draft draws flak
Qualifications bar majority of Thais
02/26/2021
Ignition Advice expands into UK
The challenges of 2020 have accelerated the need for digital solutions and Ignition Advice is perfectly positioned to help.
02/26/2021
Asia Pacific records USD11.6 billion in fintech investment, with China's fintech sector showing maturity, finds KPMG analysis
Insurtech continued to gain traction among investors in China.
02/26/2021
Crypto company Anchorage raises $80 million after getting federal banking charter
It lets you keep your cryptocurrencies safe for you so that you don’t have to take care of the wallets and their public and private keys.
02/26/2021
Bravura reports H1 decline
Wealth management software provider Bravura has seen a 54% decline in net profits after tax (NPAT) and 38% decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in its H1 FY21 results.
02/26/2021
Australian technology companies alert, and poised to grow
Although the technology sector endured the same disruptions and uncertainties others faced in 2020
02/26/2021
Asia Pacific records USD11.6 billion in fintech investment, with China's fintech sector showing maturity, finds KPMG analysis
Insurtech continues to gain traction among Chinese investors
02/25/2021
PE considers a trip back to Bravura
The group makes most of its income implementing its market-leading Sonata wealth management software, which is deeply integrated into clients’ IT systems.
02/24/2021
Korean cloud consultancy Bespin Global lands in Abu Dhabi
Now, Abu Dhabi will take over as the MEA headquarters – home to a new, larger office and two new innovation centres.
02/24/2021
SeABank AI Accelerates Digitisation of Banking Operations
Today, SeABank is widely regarded as a pioneer in AI banking platforms which drive their 'best practice' services having successfully carried out the 2020 Core AI Project that enhanced the Bank's products, supporting their end-to-end custom
02/23/2021
Bank Rakyat Indonesia selects Intellect's wealth platform for digital transformation
By increasing the sales productivity and lowering the operating costs, Intellect allows financial institutions to serve a larger market size.
02/23/2021
SMEs can now use facial recognition to apply for DBS online banking accounts
Customers will be able to access their corporate account online in about 20 minutes from the point of application, said DBS.
02/23/2021
CBIRC Imposes Further Restrictions on Online Lending by Banks
The new rules require banks to jointly contribute funds to issue internet loans through an online lending platform