Articles with tag: gap

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Grab rolls out a series of consumer financial services

04 Aug 2020 | Online Payments

Grab has announced that its financial unit, which previously focused on services for entrepreneurs and small businesses, is launching a series of products for consumers.

Grab, launch, consumer financial services, AutoInvest, buy now, pay later, insurance, Indonesia, micro-investment, digital wallet, ullerton Fund Management, UOB Asset Management, Singapore, PayLater, Singapore, Malaysia, third-party, merchants, cart abandonment rates

UOB launches robo-advisor mobile app

04 Aug 2020 | Online & Mobile Banking

United Overseas Bank (UOB) has launched UOBAM Invest, a robo-advisory mobile app that offers retail investors in Singapore personalised investment portfolios.

UOB, robo-advisor, Singapore, United Overseas Bank, banks, UOBAM Invest, mobile app, retail, online, SNG1, Digital Advisor, MyInfo, PayNow, payments

Standard Chartered enabled to run more places of business in Singapore

04 Aug 2020 | E-invoicing, SCF & E-procurement

The Monetary Authority of Singapore (MAS) has enabled Standard Chartered Bank Singapore (SCBSL) to run more places of business (POBs) as a Significantly Rooted Foreign Bank (SRFB).

Standard Chartered, SRFB, Singapore, The Monetary Authority of Singapore, MAS, Chartered Bank Singapore, SCBSL, Significantly Rooted Foreign Bank, banks, POBs, digital, digital banks, banking, lender

EDBI makes investment in Vesta to expand its fraud protection solution across APAC

04 Aug 2020 | Digital Identity, Security & Online Fraud

Vesta has secured a strategic investment from EDBI, a global Asia-based investor, to expand its fraud and approval enhancement platform across Asia Pacific (APAC). 

Vesta, EDBI, Asia, fraud, Asia Pacific, APAC, Singapore, ecommerce, Goldfinch Partners, machine learning, data science, merchants, Plaid, Shopify, Verifone, transactions

Fincy expands contactless transaction ecosystem with crypto payments

04 Aug 2020 | Cryptocurrencies

Fincy, a Singapore-based money app, has announced support for approved cryptocurrencies.

money app, crypto, merchants, Bitcoin, fiat, Singapore, Fincy, payment options, token-based loyalty system

Diginex launches crypto exchange in Singapore

31 Jul 2020 | Cryptocurrencies

Hong Kong-based Diginex has launched a cryptocurrency exchange in Singapore, where it currently operates under a ‘temporary exemption’ from licensing. 

Diginex, cryptocurrency, crypto exchange, Singapore, temporary exemption, license, Hong Kong, Nasdaq, EQUOS.io, crypto trading, spot trading, blockchain, Payment Services Act, 8i Enterprises Acquisition, Major Payment Institution

Amazon launches Amazon Fraud Detector to identify fraudulent online activities

30 Jul 2020 | Digital Identity, Security & Online Fraud

Amazon Web Services, an Amazon.com company, has announced the general availability of Amazon Fraud Detector.

Amazon, launch, Amazon Fraud Detector, fraudulent online activities, identity fraud, machine learning, GoDaddy, Truevo, ActiveCampaign, North Virginia, Ohio, Oregon, Ireland, Singapore, Sydney

Binance launches trading platform in Australia

29 Jul 2020 | Cryptocurrencies

Binance, a blockchain company, has launched Binance Australia, a fiat-to-crypto trading platform.

Binance, fiat, cryptocurrency, Binance Australia, Australia, blockchain, banks, PayID, mobile app, digital currencies, Singapore, Korea, Uganda, Jersey, US, UK

Digitalisation of SMBs could add USD 3.1 trillion to Asia Pacific's GDP

28 Jul 2020 | Payments General

The 2020 Asia Pacific SMB Digital Maturity Study has shown that the digitalisation of SMBs in Asia Pacific could add USD 2.6 to 3.1 trillion to the region’s GDP by 2024.

digitalisation, SMBs, Asia Pacific, economic, 2020 Asia Pacific SMB Digital Maturity Study, digital, IDC, Cisco, COVID-19, coronavirus, pandemic, technology, cloud, IT, software, Digital Observers, Singapore, Japan, New Zealand, China Taiwan, Thailand, Korea, Hong Kong, Malaysia

StashAway secures USD 16 mln in Series C round

27 Jul 2020 | Online & Mobile Banking

Robo advisor operator StashAway has completed a USD 16 million USD Series C fundraising round. 

StashAway, Square Peg, Australia, Burda Principal Investments, Germany, tech, Hubert Burda Media, Eight Roads Ventures, Fidelity, Income Portofolie, Singapore, StashAway Simple, Malaysia

Infor, DBS Bank partner for global supply chains digital financing

23 Jul 2020 | E-invoicing, SCF & E-procurement

Cloud software provider Infor has partnered with Singapore-based DBS Bank to integrate digital trade financing capabilities into the Infor Nexus global network. 

Infor, DBS Bank, Asia, Singapore, digital trade financing, supply chain finance, Infor Nexus, cloud software, bank, SMEs, pre-shipment finance, supply chain data, risk, credit, capital, credit risk

Singapore FinTech Association and R3 enter partnership

15 Jul 2020 | Payments General

Singapore Fintech Association (SFA) and R3 have entered into a strategic partnership. 

Singapore FinTech Association, R3, startups, Singapore, blockchain

MAS completes Project Ubin for Central Bank Digital Currency

14 Jul 2020 | Cryptocurrencies

The Monetary Authority of Singapore (MAS) and Temasek have released a report to mark the successful conclusion phase of Project Ubin.

Project Ubin, MAS, Monetary Authority of Singapore, Temasek, JP Morgan, Central Bank Digital Currency, CBDC, blockchain, payments, multicurrency, ecosystem, cross-border payments, multiple currencies, foreign currency exchange

ADBC taps Tencent for its financial cloud platform

10 Jul 2020 | Online & Mobile Banking

Singapore-based Asia Digital Bank (ADBC) has signed a memorandum of understanding (MoU) with Tencent Cloud.

ADBC, Tencent, cloud banking, banking, Singapore, Asia Digital Bank, ADBC, MoU, Tencent Cloud, data, digital bank, digital, banks, SMEs

Standard Chartered joins IBOS Association

08 Jul 2020 | E-invoicing, SCF & E-procurement

Standard Chartered has joined IBOS Association (IBOS), an international banking network. 

Standard Chartered, banking, network, IBOS, Asia, Africa, Middle East, Europe, US, banks, Singapore, India, China, Hong Kong, Taiwan, Malaysia, Australasia

Adyen expands acquiring capabilities to Malaysia

06 Jul 2020 | Online Payments

Netherlands-based payments platform Adyen has announced the expansion of its acquiring capabilities to include Malaysia.

Adyen, ecommerce, Malaysia, payment platform, Fave, foodpanda, Love, Bonito, APAC, Australia, Hong Kong, Singapore, local regulations, payment schemes, payment methods, merchants, unified commerce experiences, payment gateway, risk management

BIS Innovation Hub to expand to new locations in Europe and North America

01 Jul 2020 | Payments General

BIS Innovation Hub has announced plans to extend its reach with new centres over the next two years in collaboration with central banks from Europe and North America.

BIS Innovation Hub, Europe, North America, central banks, BIS Innovation Hub, fintech, Bank of Canada, Bank of England, European Central Bank, Eurosystem, Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway, Sveriges Riksbank, Federal Reserve System, Hong Kong Monetary Authority, Monetary Authority of Singapore, Swiss National Bank

TransferWise, N26 extend partnership for cross-border payments in LATAM and APAC

29 Jun 2020 | Payments General

UK-based fintech TransferWise has partnered with digital bank N26 to provide customers with cross-border payments in Brazil, Mexico, Singapore, and the Philippines, among others.

TransferWise, N26, LATAM, APAC, United Kingdom, UK, fintech, digital bank, cross-border payments, Brazil, Mexico, Singapore, Philippines, API integration, app, mobile payments, TransferWise for Banks, Monzo, bung, Mambu, Activo Bank

Singtel launches mobile payments solution for prepaid customers

26 Jun 2020 | Mobile Payments

Singapore-based telco Singtel has enabled prepaid customers to use their NETS ATM bank cards to make top-ups and purchases directly on their mobile devices. 

Singtel, Singapore, telco, prepaid customers, mobile payments, NETS ATM, cards, NETS Click, DBS, OCBC, UOB, digital cards, hi!App, payment method, contactless payments, unbanked, retail, COVID-19, transaction fees

Grab puts partnership with troubled Wirecard on hold in Singapore

25 Jun 2020 | Online Payments

Southeast Asian payments company Grab has announced it put a partnership with scandal-hit Wirecard on hold.

Grab, Wirecard, partnership, Singapore, Southeast Asia, merchants, ecommerce, online payments, e-wallet, payments