Financial Technology
Investments flood Singapore fintechs in April, May after quiet Q1
Investments flood Singapore fintechs in April, May after quiet Q1
Total equity funding reached a record-high US$331m.
Majority in Indonesia, Philippines and Vietnam to transact digitally by 2021
Faster funds transfer can add up to 0.5% in GDP growth for SEA.
AMTD, Xiaomi, SMU and NUS launch digital finance leadership programme
AMTD and Xiaomi will contribute $5m to support the programme.
Singapore FinTech Association pilots self-assessment tool
It will help fintechs accelerate ventures with financial institutions.
Do fintechs need better marketing communications?
Singapore alone houses hundreds of fintech companies, ramping up competition.
MAS launches $1.75m global fintech innovation challenge
It comprises the MAS FinTech Awards and the Global FinTech Hackcelerator.
Almost three-fifths of Singaporeans use mobile payments
62% expect that their mobile payment usage will increase next year.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
Weekly Global News Wrap: UBS to inject millions into fintechs; Deutsche Bank chair to bow out after 2022
And two Canadian banks post better than expected results despite profit declines.
How CredoLab reduces banks' credit risks through smartphone metadata
The platform generates a credit scorecard in just one second, based on 1.3 million features from opt-in smartphone metadata.
Less than 20% of Hong Kong adults ‘understand' fintech apps: survey
The majority of the city use such apps for personal finance.
Coronavirus triggers switch to contactless payments in APAC
Health concerns made contactless payments more favourable to consumers.
Chart of the Week: India's fintech investments grew 19.1% in 2015-2019
In 2019, local firms raised $5.1b in total from 154 deals.
Singapore regulator injects $125m to support finance firms
It will support workforce training, operations and access to digital tools.
Chart of the Week: Pandemic spurs digital payment take-up in Singapore
Electronic payments are expected to take up 61% of transactions by 2023.
Chart of the Week: Data & analytics firms clinched 34.4% of Singapore's fintech deals since 2015
Local fintech companies raised more than $9.2b across 389 deals during this period.
DBS floats digital relief solutions for COVID-hit F&B businesses
Businesses will be able to establish an online presence within three business days.
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