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FinTech
Tech
Global financial watchdogs take aim at Big Tech's data dominance
(Dec 9): Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.
December 09, 2019
Global Economy
Briefs
SINGAPORE (Nov 18): “I think, from their perspectives, things only get serious when their kids can’t go to school, and they can’t get their lattes and go to yoga.” — Unnamed foreign executive, to the Financial Times, referring to the expatriate
November 15, 2019
Fintech
Singapore fintech firms grabs more than half of funding in Asean: Report
SINGAPORE (Nov 12): Financial technology firms in Singapore continue to grab the lion’s share of funding in Asean, according to a report by United Overseas Bank (UOB), PwC and the Singapore FinTech Association (SFA).
November 12, 2019
Fintech
Fintech investments to get a boost with new industry-wide research platform
SINGAPORE (Nov 12): Even as fintech start-ups struggle to raise capital, investors and financial institutions bemoan the lack of access to information that can help them source companies that could be investment opportunities.
November 12, 2019
Fintech
Singapore considers extending fintech funding beyond 2020
SINGAPORE (Nov 11): Singapore’s central bank is poised to extend funding for financial-technology initiatives because the five-year round ending in March has yielded positive results, its top official said.
November 11, 2019
Fintech
SMBC's innovation efforts underpin wider, bigger goal of building trust
(Nov 11): The financial services industry, like others, is caught up with the need to innovate to stay ahead. Sumitomo Mitsui Banking Corp (SMBC) - one of the largest banks in Japan - has invested in technology in its push to innovate but it is careful
November 08, 2019
Fintech
Fintech investment in Singapore crosses billion-dollar mark
SINGAPORE (Oct 15): Investment in financial technology (fintech) deals in Singapore has crossed the $1 billion mark in the first nine months of 2019, according to a study by consulting firm Accenture, drawing data from CB Insights, Pitchbook and Tracxn.
October 15, 2019
Fintech
Fintech hub poised for next stage
SFFxSWITCH to cement Singapore’s standing as global fi ntech hub as deal sizes and sustainable finance increase and new digital banks emerge
October 08, 2019
Fintech
Efforts to make green financing mainstream more urgent as climate concerns escalate
SINGAPORE (Nov 11): As the world faces unprecedented climate change, it has never been more evident that urgent action must to be taken. Monetary Authority of Singapore (MAS) assistant managing director (development and international) Benny Chey is under
October 08, 2019
Fintech
Cashless payments a way out of poverty
(Sept 30): For the past three weeks working in China, I have not used any cash. Every single transaction in China, from buying a fresh apple from a roadside vendor in Dunhuang in Gansu province to paying for a rather expensive lunch I hosted in Beijing, w
September 27, 2019