Financial Services
Fintech startup PEXX bags $4.5m in new funding round
Fintech startup PEXX bags $4.5m in new funding round
It will use the funding for expansion and platform development.
Singaporeans abandon bank applications with long processes: report
One in three will abandon a bank application after 10 minutes.
Natalia Goh is new CEO of Sea’s digital bank
She succeeds Zheng Yudong, who is transitioning to an advisory role.
Fintech firm Partior raises US$60m in Series B round
The firm was incorporated in 2021 with Temasek, DBS and JP Morgan.
Fave Singapore wins major payment institution license from MAS
The firm has over US$1b in transactions across Southeast Asia and India.
Majority of Singapore residents send remittances at least once a year: report
Digital apps were the preferred method of sending money, exceeding global average.
Ex-fund manager jailed for defrauding investors
His actions led investors to suffer US$342,500 in losses, says MAS.
OxPay Financial extends deadline for PT Diners Indonesia investment deal
OxPay is looking to invest $1.5m for a 45% stake in PT Diners.
MAS scales asset tokenisation standards
It will improve standards for fixed income, FX, and asset management.
Deepfake fraud concerns prompt calls for better bank safeguards
Six in 10 consumers seek more robust cybersecurity measures from their banks
Olam Group subsidiary ofi bags $1.8b revolving credit facility
Proceeds from the facility will be used to refinance existing loans.
Singapore boosts AML efforts with national asset recovery plan
The plan will focus on four pillars.
Oxpay Financial obtains $2m convertible loan
The loan bears an interest rate of 6.9% per annum.
Mooreast to secure $20m convertible loan
It will be used for working capital needs, business expansion, and investment opportunities.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
Singapore investment managers adopt high standard of risk and performance assessment: IMAS
The study surveyed 37 fund houses with a combined AUM of $93b
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