Articles with tag: singapore

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Amazon Project Zero launches in seven new countries

11 Aug 2020 | Ecommerce

Amazon has announced the expansion of Project Zero to seven new countries – Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, and the UAE.

Amazon, Project Zero, Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, UAE, machine learning, intellectual property, counterfeits, authentic goods, Arduino, BMW, ChessCentral, LifeProof, OtterBox, Salvatore Ferragamo, Veet, counterfeit listings, product serialisation

Liquidity Capital, MUFG secure USD 80 mln initiative for Asia-based startups

11 Aug 2020 | Payments General

Israel-based AI technology firm Liquidity Capital has partnered with Japan-based MUFG Bank to determine the feasibility of issuing loans to Asian startups.

Liquidity Capital, MUFG Bank, initiative, Asia, startups, Singapore, Israel, Japan, Mars Growth Capital, Mars Growth, AI technology, bank accounts, accounting information, financing, ecommerce, Mitsubishi UFJ Financial Group, Meitav Dash Investments

GlobalData finds a push to digital payments in Singapore due to COVID-19

11 Aug 2020 | Online Payments

The COVID-19 pandemic has accelerated Singapore's push to digital payments, with rise in card payments and decline in cash usage, according to GlobalData.

COVID-19, digital payments, Singapore, GlobalData, online payments, card payments, cash, withdrawals, ATM, merchants

Incomlend secures USD 20 mln in funding round

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

Incomlend, a Singapore-based startup that operates a trading platform to connect exporters and importers with investors, has raised USD 20 million in a new financing round.

Singapore, trade finance, startup, Incomlend, Sequoia Capital India, CMA CGM Group, Europe, Southeast Asia, North Asia, technology, invoice, AI, artificial intelligence, supply chain, payments

United Overseas Bank launches its digital bank in Indonesia

07 Aug 2020 | Online & Mobile Banking

Singapore-based United Overseas Bank (UOB) has launched its digital bank TMRW in Indonesia.

UOB, digital bank, digital, bank, Indonesia, tech, Singapore, United Overseas Bank, TMRW, banking, AI, artificial intelligence, data, account opening, transactions, chatbot, TMRW Intelligence Assistant, TIA, QR, payments, merchants, banks, National Non-Cash Movement, Quick Response Code Indonesian Standard, QRIS

Singapore's IRAS taps DBS for payment digitalisation

06 Aug 2020 | Online Payments

Inland Revenue Authority of Singapore (IRAS), a government authority in charge of tax collection, has collaborated with DBS to digitalise payments.


DBS, Inland Revenue Authority of Singapore, IRAS, SingPass/CorpPass, Singapore, Southeast Asia, Asia, APAC, PayNow QR, QR payments, mobile payments, APIs, MyTax portal, online payments

PPRO announces 85% in transaction volume

05 Aug 2020 | Online Payments

PPRO, a payments platform-as-a-service, has reported an 85% increase in transaction volume from 2019, highlighting the opportunities for cross-border ecommerce amidst the pandemic.

PPRO, pandemic, COVID-19, coronavirus, Sprints, Citi, payments, platform-as-a-service, transaction, cross-border ecommerce, ecommerce, HPE Growth, Financial Technology Partners, Noerr, Germany, Singapore, Brazil

ECXX to launch asset-based digital securities exchange

05 Aug 2020 | Cryptocurrencies

ECXX Global (ECXX) has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express under the Recognised Market Operator (RMO) regime.

ECXX Global, tokens, blockchain, ECXX, Singapore, digital assets, Monetary Authority of Singapore, MAS

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