FinTech

Fintech adoption in Singapore almost triples in 2 years to 67%: EY

WITHIN a span of just two years, Singapore saw a near-threefold increase in its use of fintech products and services, according to research by global professional services firm EY.

Fave sets sight on merchants as rivals grow

IN the crowded space of mobile rewards and payment platforms, Singapore-based Fave is going hard after the merchants to set itself apart.

Singapore's 3 big banks can defend market share against fintech threats: Moody's

SINGAPORE - The three largest banks by assets in Singapore will be able to defend their market share against fintech competitors, despite the rapidly growing threats to their bank business from...

Ayondo chairman disposed of 1.2m shares on Nov 22 for undisclosed sum

SINGAPORE - Ayondo chairman and co-founder Thomas Winkler transferred 1.2 million shares on Nov 22, 2018, at an undisclosed price to third parties who are existing Ayondo shareholders, according...

Blockchain capital markets platform iSTOX enters MAS fintech sandbox; sets up legal panel

SINGAPORE - Capital markets platform iSTOX, designed by blockchain-based infrastructure company ICHX Tech, has been admitted into the Monetary Authority of Singapore (MAS)'s FinTech Regulatory...

Why I would welcome virtual banks

MAS' move to allow digital-only banks in Singapore will be a big deal and will change banking in Singapore as we know it, says ST associate editor Vikram Khanna.

SMU to offer fintech experiential learning in Singapore in tie-up with Citi Ventures

SINGAPORE - Singapore Management University (SMU) will provide experiential learning on financial technology to its undergraduates starting from next year, through the Citi University Partnerships...

P2P fintech Validus Capital announces key hires

SINGAPORE - Validus Capital, a peer-to-peer lending platform for small and medium-sized enterprises (SMEs), has appointed Sonal Jain as chief data officer and Arvind Rao as chief technology...

Asian family offices, Insignia bless YouTrip with US$25.5m pre-Series A funding

IT MAY seem unconventional for an early-stage startup to receive strong backing from family offices. But YouTrip, a Singapore-based mobile wallet operator, sees this "patient capital" as a...

SGX returns to back US$60m investment into US bond trading platform Trumid

SINGAPORE - Trumid, a New York-based fintech startup and bond trading platform, has secured fresh investment from global investment firm Hillhouse Capital in a US$60 million funding round.

MAS signs pact to bolster S'pore-China fintech collaboration

Academic exchanges and research cooperation in the fast-growing area of fintech received a boost yesterday with the signing of a new agreement.