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The investment will be used to finance WeLab’s further expansion and, in particular, enable the ongoing development of its technological platform. Allianz X, the digital investment unit of Allianz, has joined the Series C funding round for WeLab, with a $75…
Chinese fintech giants Ant Group and Tencent are the latest to attempt to inspire calm in markets after they told investors not to overreact to price swings and avoid making hasty decisions. Alipay, Ant Group’s payment arm, issued a letter earlier this week…
The super app is looking to create around 350 new jobs in Singapore this year to support its growth plans. The new hires will support Grab’s plans to help micro SMEs digitalize, deliver digital financial services across Southeast Asia, and develop the…
The integration and implementation of Lightnet’s technology with MoneyGram’s money transfer services will provide customers with a wide selection of payout services across Southeast Asia. The Singapore-headquartered fintech company will provide its Bridgenet…
Days after the public reappearance of Alibaba founder Jack Ma, top Beijing authorities are facing a balancing act between reining in the dominance of internet giants while keeping the fintech industry sufficiently free to innovate. Investigations into fintech…
Swiss bank UBS is reportedly poised to pour several hundred million into a payments start-up in India. The investment is alongside some of the Swiss wealth manager’s ultra-rich clients. Zurich-based UBS is negotiating a $400 million investment in Paytm, an…
Swiss bank UBS is reportedly poised to pour several hundred million into a payments start-up in India. The investment is alongside some of the Swiss wealth manager’s ultra-rich clients. Zurich-based UBS is negotiating a $400 million investment in Paytm, an…
HSBC furthers its expansion in mainland China with the latest launch of a fintech subsidiary based in Shanghai. The British lender announces the opening of the HSBC Fintech Services (Shanghai) Company Limited, according to a media statement, with an eye to…
The two sides will jointly explore a proof-of-concept (POC) using a grant under the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) scheme. Deutsche Bank Securities Services will work with Singapore-based blockchain…
The two sides will collaborate to enable a Buy-Now-Pay-Later solution for merchants in Southeast Asia. Razer Fintech, the financial technology arm of Singapore gaming and technology brand Razer, is expanding its fintech offerings and its payments ecosystem…
Singapore’s fintech investments rebounded in the second quarter of 2020, with investors recognizing the opportunities existing in Southeast Asia. Despite an initial decline in funding (-49 percent in Q1 2020 vs. Q4 2019), fintech investments in Singapore grew…
The majority of fintech companies in Singapore are bullish about their prospects over the next three to five years, as they see new opportunities emerging in the post-pandemic world. The majority of companies surveyed in the «Fintech Talent Report 2020» said…
The Singapore Blockchain Ecosystem Report 2020, launched at this year’s Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology, highlights impactful developments and trends in Singapore’s blockchain ecosystem over the last year. The report…
The three partners will collaborate on payment solutions aimed at addressing the under-served micro, small and medium enterprise (MSME) lending market. Singapore-headquartered fintech Lightnet Group has signed a memorandum of understanding with decentralized…
Digital wealth manager Endowus’ new product allows investors to build customizable portfolios with direct access to a selection of low-cost funds. The Fund Smart platform, launched Thursday, allows investors to directly access institutional share-class and…
Thailand is the first market where Line has integrated banking services on its main mobile platform. Japan-based Line, which operates one of Thailand’s most popular social media platforms, has rolled out banking services in the kingdom in partnership with…
