Financial Technology
Could fintechs overtake banks in the digital financial service space?
Could fintechs overtake banks in the digital financial service space?
                                                                                                 
                        
                          The Internet boom has pushed 9 out of 10 digital merchants to accept digital payments.
                    
                                        
                    
                ASEAN fintech funding achieves record $3.5b in 2021: study
                                                                                                 
                        
                          Funding to investment tech and cryptocurrency firms grew by over 5x since 2020.
                    
                                        
                    
                Singtel’s Dash to allow international digital money transfers
                                                                                                 
                        
                          This is made possible through Singtel’s partnership with Western Union.
                    
                                        
                    
                NETS opens up global commerce with Alipay+ integration
                                                                                                 
                        
                          Local merchants will now be able to receive Singapore currency from global consumers.
                    
                                        
                    
                What’s in store for the decentralised crypto industry with China’s growing antagonism?
                                                                                                 
                        
                          China's stance may be concerning today, but won't affect the global industry in the long run.
                    
                                        
                    
                TIBCO podcast highlights post-COVID technology essential for banks and fintech firms
                                                                                                 
                        
                          Its Vice President of Solution Consulting in Singapore discussed how to bridge the digital gap and humanise the banking experience in the new normal.
                    
                                        
                    
                Indonesian fintech startup Komunal clinches $2.1m Series A funding
                                                                                                 
                        
                          The company offers Neo-rural bank services locally.
                    
                                        
                    
                Singapore-based fintech Thune appoints Irina Chuchkina as new CMO
                                                                                                 
                        
                          Chuchkina has 15 years of experience in the fintech industry.
                    
                                        
                    
                Financial institutions face four emerging challenges as digitisation ramps up
                                                                                                 
                        
                          FIs role as the middleman is under threat as tech firms mull offering financial services.
                    
                                        
                    
                Australia’s top banks won’t do business with crypto firms: report
                                                                                                 
                        
                          Two local digital currency exchanges said that none of the top four banks would do business with them.
                    
                                        
                    
                OVO dominates Indonesia as digital payment platforms
                                                                                                 
                        
                          It also leads in both brand awareness, usage, and active users.
                    
                                        
                    
                Digital Wallet Group acquires REPL
                                                                                                 
                        
                          The firm plans to expand mobile remittance technology in the country.
                    
                                        
                    
                South Korean regulator nominee reject cryptocurrency as financial asset: report
                                                                                                 
                        
                          Koh also reiterated his commitment to curb increases in household debt.
                    
                                        
                    
                SEA fintechs to shift focus on profits as adoption gains pace: Fitch
                                                                                                 
                        
                          The region’s large unbanked population underpins its market potential.
                    
                                        
                    
                Hacker returns $260m of stolen crypto tokens to Poly Network
                                                                                                 
                        
                          About $354m in crypto funds, mostly Ethereum tokens, are yet to be returned.
                    
                                        
                    
                AirAsia's BigPay secures $100m from South Korean conglomerate
                                                                                                 
                        
                          The funding is just one step closer to BigPay’s ambition to be the largest challenger bank in SEA.
                    
                                        
                    
                Singapore fintech investments reach $614.2m in H1 with smaller deals
                                                                                                 
                        
                          The total transaction value is smaller than in H1 2020 but deal numbers are at a three-year high.