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.

Chinese fintech Pintec opens international HQ in Singapore, with plans to add R&D centre

SINGAPORE - Nasdaq-listed Chinese fintech solutions provider Pintec Technology has opened an international headquarters (HQ) in Singapore to further expand its global business.

Wirecard boosts profit forecast after payment growth jumps

BERLIN (BLOOMBERG) - Wirecard AG raised its earnings forecast for the year after first-quarter profit jumped on growing transactions, suggesting allegations of accounting irregularities aren't...

Wirecard director suspected of fraud believed to have been sacked

The Wirecard Asia director at the centre of a global scandal rocking the digital payments giant is believed to have been sacked amid a police probe into suspected fraud and forgery, The Straits...

DBS making it easier for rich HK clients to set up accounts

DBS wants to allow high-net-worth clients in Hong Kong to set up investment accounts digitally by the third quarter.