FinTech

Commentary

When financial institutions are no longer built to serve

SINGAPORE (Oct 5): A gaping rift between Wall Street and Main Street remains even a decade on from the global financial crisis (GFC) as financial systems around the world continue to function without a core purpose, according to an associate editor and gl

Singapore cryptocurrency firms facing bank account closures

SINGAPORE (Sept 26): Singapore banks have closed accounts of several companies which specialise in providing cryptocurrency and payments services, according to two local bodies which represent financial-technology firms.

China's largest online insurer starts US$1.5 billion Hong Kong IPO

(Sept 19): ZhongAn Online P&C Insurance, China’s largest online insurer, started taking orders for a Hong Kong initial public offering that could raise as much as US$1.5 billion ($2.02 billion).

Singapore still prefers cash over digital payments

SINGAPORE (Sept 5): In tech-savvy Singapore, where almost everyone has a smartphone, nine out of 10 people still prefer to pay for everyday transactions the old-fashioned way – with cash. 

Fintech

DBS launches digibank by DBS app in Indonesia

SINGAPORE (Aug 30): DBS Bank has launched its digibank by DBS app, a new-era, paperless mobile banking solution, in Indonesia.

M&A

LifeBrandz to diversify into travel and fintech, acquires e-Holidays

SINGAPORE (August 3): LifeBrandz, the lifestyle and entertainment brand development and management company, now wants to diversify into the travel sector as well as provide fintech and fund management services.

Fintech

DBS launches new online service for SMEs with Xero tie-up

SINGAPORE (Aug 1): DBS has partnered New Zealand cloud accounting platform Xero to launch an API-driven bank feed integration service with the aim of providing the bank’s small medium enterprise (SME) customers a better grasp of their cash flow with

Fintech

Nasdaq seeks fintech firms to partner in Asia expansion of Analytics Hub

SINGAPORE (July 27): Nasdaq Inc. is expanding its Analytics Hub in Asia and is looking for fintech firms in the region, including in Singapore, to partner.

Fintech

Asia’s fragmented regulatory landscape hobbling expansion of fintech firms

HONG KONG (June 9): Asia's competitiveness in fintech is being undermined by the rivalry among the region's financial centres that has created regulatory complexity and uncertainty, a financial lobby group has warned.

Fintech

HSBC discovers consumers trust robots for surgery over savings

(May 24): Andy Maguire faces a challenge: tasked with upgrading HSBC’s digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account.
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