Financial Technology
Singapore fintech funding down 10% to $208m in Q3
Singapore fintech funding down 10% to $208m in Q3
The drop is in line with overall tech startup funding in Singapore.
Why banks will be ‘invisible’ by 2030
They either become the platform or willingly lose their brand visibility.
South Asia, SEA have ‘greatest potential’ for fintech lending: study
South Asia’s fintechs and young population lifted its rankings.
YouBiz, CloudMile announce AI and cross-border payment partnership
Companies using a YouBiz corporate card will receive up to a 5% discount.
SG WealthTech platform StashAway launches HNWI wealth offering in the UAE
Clients in MENA with $100,000 of assets with StashAway will be upgraded to Reserve.
ShopeePay and dLocal expand partnership for enhanced payment solutions
It will facilitate the pay-ins and payouts.
Visa, dtcpay launch card enabling digital currency conversion
The card will be available for public registration in Q4 2024.
DBS unveils crypto options trading and structured notes for wealth clients
They may earn yield on fiat depending on the product’s structure and price movements.
Bank-fintech alliance a win-win, says HSBC
Lenders can learn from disruptive tech whilst aiding its champions comply with regulations.
Ant Group unveils AI financial manager Maxiaoca
It has attracted 70 million monthly active users as of August 2024.
Mobile payments by tourists in China rise sixfold
The number of international tourists using mobile payment services quadrupled.
HKMA launches sandbox to accelerate tokenisation adoption
The sandbox will facilitate interbank settlement using experimental tokenised money.
India names first self-regulatory organisation for fintechs
There are two more applications pending, according to the central bank.
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
Futu bags $1.2b net income in Q2 2024
Earnings per share stood at 1.08 Hong Kong cents.
Airwallex now processing $100b annually
This was anchored by its Americas expansion and APAC revenue growth.
Early-stage deals shine in Singapore’s fintech space amidst ‘cautious’ investors’
There were 52 early-stage deals in Sinagpore in H1 versus just 25 later-stage deals.
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