financial technology (FinTech)

SINGAPORE (May 23): IFC, a member of the World Bank Group, and the Monetary Authority of Singapore (MAS) signed a memorandum of cooperation on Tuesday, agreeing to work together to establish and develop the Asean Financial Innovation Network (AFIN).

SINGAPORE (April 27): Singapore Life has raised US$50 million ($70 million) in Series A funding round led by Hong Kong listed Credit China FinTech Holdings through its subsidiary, Impact Capital Holdings, as well as UK-based investment firm IPGL Limited.

SINGAPORE/LONDON (April 27): TransferWise, the London-based startup backed by investors including Peter Thiel’s Valar Ventures and Andreessen Horowitz, is bringing its international money transfer service to Singapore, aiming to shake up banks’ dom

SINGAPORE (April 24): DeClout Limited’s wholly-owned subsidiary, DeClout Investments, has launched an incubator arm targeting local startups from the information and communication technology (ICT) sectors.

SINGAPORE (April 12): UOB (China) today signed two memoranda of understanding (MOUs) at the third Singapore-Shanghai Financial Forum themed “Strengthening Singapore-Shanghai Collaboration in a Changing Financial World Order”, at Marina Mandarin Singa

SINGAPORE (April 6): In line with the global trend, 88% of respondents from Singapore’s financial institutions this year see financial technology (fintech) as a real threat to their revenue as compared to just 73% in 2016, according to a new report by P

SINGAPORE (Feb 27): While 87% of investment providers in Asia Pacific agree that digital transformation is important for the future of their organisation, few of them are on track to become digital leaders in their fields, according to a recent report pub

SINGAPORE (Feb 23): Asian financial technology (fintech) investment hit a new high of US$8.6 billion ($12.2 billion) in 2016 even as total global funding fell 47.2% to US$24.7 billion, according to KPMG International’s latest quarterly report, The Pulse

SINGAPORE (Jan 12): Accenture, the global professional services company, has published a new report suggesting that as financial services firms look to integrate robot and human services, they face the challenge of blending a physical presence with advanc

SINGAPORE (Jan 4): Assets under management (AUM) of automated wealth management services, otherwise known as robo-advisors, are projected to rise by 2,500% to US$489 billion ($708.3 billion) globally by 2020, according to data provided by financial servic