FinTech

Thai bank targets US$1b spinoff among its fintech units

[BANGKOK] Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetise its push into technology investment at a time of sluggish earnings from traditional...

Two GoBear co-founders resign; Indonesia operations to shut down

TWO co-founders of fintech startup GoBear have resigned and will leave by the end of the year, and the company is to close down its Indonesia financial comparison business just about a year after...

Money FM podcast: MAS CFO shares takeaways from the Singapore Fintech Festival

Sopnendu Mohanty, chief fintech officer, Monetary Authority of Singapore, talks about insights gained after wrapping up the biggest edition of the Singapore Fintech Festival to date.

Tritech inks MOUs with Chinese firms on possible fintech foray

WATER and environmental group Tritech has inked two Memoranda of Understanding (MOUs) with Chinese firms Ooway Technology and China Business Credit Guarantee (CBC) that could result in an entry...

Singapore touted as capital markets model for developing nations

SINGAPORE is turning out to be a model of capital-market development for some countries in the Middle East and Africa, according to Michael Piwowar, former commissioner at the US Securities and...

CapitaLand's Bridge+ to set up fintech hub in Singapore's CBD

BRIDGE+, an extension of CapitaLand's business space portfolio, on Wednesday said it will set up a fintech hub that will play host to Singapore's fintech community, with the group's upcoming...

Revolut drops out of Singapore digibank race over high capital requirement

AS THE deadline for digital banking applications creeps closer, high-profile payments fintech Revolut has closed the door to joining Singapore's digital bank landscape over high capital...

Fintechs in S'pore draw majority of funding in region: Report

Fintech firms here have continued to attract the lion's share of global funding among Asean countries, cementing Singapore's status as the sector's regional hub.

TransferWise CEO preps for Malaysia launch, no IPO plans for now

[SINGAPORE] TransferWise Ltd, which recently raised funds at a US$3.5 billion valuation, is launching an international payments service in Malaysia soon as part of an ongoing Asian expansion, chief...

Singapore fintechs get lion's share of investments to Asean countries: Report

SINGAPORE - Financial technology (fintech) firms in Singapore continued to attract the lion's share of global funding among Asean countries, and the Republic remains the preferred base for fintech...