[ad_1] by Fintech News Singapore April 16, 2024 FinbotsAI, a Singapore-based fintech company specialising in AI credit scoring, has partnered with KBZ Bank, one of Myanmar’s largest privately-owned bank. This marks KBZ Bank as its first client in the country. KBZ Bank operates over 500 branches and serves approximately 40% of Myanmar’s retail and…

[ad_1] by Fintech News Singapore April 16, 2024 Bridgewise, an AI-based analysis platform for global securities, has raised US$21 million in a new funding round, bringing its total funds raised to US$35 million. This investment round was led by SIX Group and joined by Group11 and L4 Venture Builder among other financial institutions. Bridgewise…

[ad_1] by Fintech News Singapore April 15, 2024 SC Ventures, the innovation and ventures unit of Standard Chartered, has made a strategic investment in Algbra, a UK-based fintech that focuses on ethical and sharia-compliant finance. The financial details of the investment have not been disclosed. Shoal, which is SC Ventures‘ sustainable finance platform, will…

[ad_1] by Fintech News Singapore April 15, 2024 Global neobank Revolut announced today that its youth-focused financial app designed for individuals aged 6-17, has surpassed two million users worldwide. The <18 app, part of a suite aimed at empowering the next generation with financial literacy, now counts more than 3.5 million users, including guardians.…

[ad_1] by Fintech News Singapore April 12, 2024 In Asia-Pacific (APAC), the financial landscape is evolving rapidly amid technological advancements, changing customer expectations and the rise of fintech. This vibrant ecosystem is demanding finance and fintech professionals to stay updated with the latest trends and innovations. Against this backdrop, numerous fintech events are being…

[ad_1] by Fintech News Singapore April 11, 2024 TransferGo, an online money transfer platform operating in over 160 countries, recently announced it has raised US$10 million from Taiwania Capital, a Taiwanese venture capital firm. This funding is part of TransferGo‘s strategy to expand its presence in the Asia-Pacific region and to enhance its range…

[ad_1] by Fintech News Singapore April 11, 2024 Blockchain intelligence company TRM Labs announced that it has named Boon Hui Khoo as its senior advisor. Khoo, with an extensive background in public service, law enforcement, and national security, joins the company to enhance its efforts in combating fraud and financial crime within digital asset…

[ad_1] by Fintech News Singapore April 11, 2024 Singapore’s sovereign wealth fund Temasek has inaugurated its new office in Paris, marking a significant step in its European expansion strategy. This new Parisian base is part of Temasek’s broader objective to enhance its global network and leverage opportunities across the European Union as well as…

[ad_1] by Fintech News Singapore April 11, 2024 The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions. Authored by Juan Carlos Crisanto, Johannes Ehrentraud, and Denise Garcia Ocampo, this report underscores the increasing prominence of…

[ad_1] by Fintech News Singapore April 11, 2024 Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. This announcement comes just two months after the negotiations came to light where TechCrunch reported that the deal could be worth “well above US$400 million” although this…