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Bank Jago and Google Cloud team up to boost growth in IndonesiaPT Bank Jago Tbk, a tech-based bank in Indonesia, and Google Cloud have on Wednesday announced a new, multi-year strategic collaboration to supercharge the bank’s future innovation strategy. Under this collaboration, Bank Jago and DKatalis, its technology solutions partner, will utilize Google Cloud’s BigQuery and Vertex artificial intelligence (AI) platforms, to elevate the...0 Comments 0 Shares 403 Views 0 Reviews
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Building a neobank: The future of financial servicesAcross the board, the financial services industry has been undergoing a radical, digital transformation — and it is not just a matter of cloning and then integrating traditional services to digital platforms, either. Neobanks in particular — digital-only financial services platforms — have been emerging to solve the long-standing issues that have plagued traditional banking...0 Comments 0 Shares 461 Views 0 Reviews
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GXS Bank on track to launch business banking solutions in the first quarter of 2025Singapore-based digital bank GXS Group announced Wednesday \that it is on track to launch its business banking solutions in the first quarter of 2025, after launching its retail banking services successfully. Business banking services will be rolled out progressively in Malaysia and Indonesia, the firm said in a statement. In Singapore, GXS Bank said it will first open its business banking...0 Comments 0 Shares 2K Views 0 Reviews
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Hong Kong’s ZA Bank becomes Asia’s first bank to offer crypto trading services for retail usersZA Bank, Hong Kong’s first and largest digital bank, has achieved another breakthrough as Asia’s first bank to offer cryptocurrency trading services directly to retail users. Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HK dollar and US dollar (this platform currently supports trading services exclusively for Bitcoin and Ethereum) — all...0 Comments 0 Shares 1K Views 0 Reviews
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MAS and ABS launch electronic deferred payment solutions in mid-2025The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have on Thursday announced that two new payments solutions will be launched in mid-2025 to support the transition to e-payments for both corporate and retail cheque users. These solutions will complement Singapore’s existing suite of e-payment modes, including PayNow, FAST, GIRO and MEPS+, MAS said...0 Comments 0 Shares 713 Views 0 Reviews
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Moody’s Ratings upgrades Grab’s CFR to B1; outlook remains positiveMoody’s Ratings has upgraded the corporate family rating (CFR) of Grab Holdings Inc to B1 from B2 and maintained the positive outlook. Moody’s said in a note on Monday the rating upgrade reflects its view that Grab will generate positive earnings and cash flows on a sustained basis. “Although its nascent digital banking operations are currently incurring losses, this is...0 Comments 0 Shares 2K Views 0 Reviews
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Singapore’s Tyme raises $250M in Series D funding round led by NubankTyme Group, the Singapore-based multi-country digital banking group, has on Tuesday announced that it has raised $250 million in Series D funding round led by Brazilian neobank Nubank. Tyme said in a statement that Nubank has joined its shareholder base through a strategic investment during the raise. Having completed its latest investment round, Tyme Group has now firmly achieved unicorn...0 Comments 0 Shares 289 Views 0 Reviews
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Temasek-backed blockchain FinTech firm Partior welcomes Deutsche Bank as strategic investorPartior, a Singapore-based blockchain-based fintech for real-time clearing and settlement, announced Wednesday that Deutsche Bank has joined its Series B funding round as a strategic investor, bringing the total investment to $80 million. This marks the close of the second round in Partior’s Series B funding and comes on the heels of the first close led by Peak XV Partners in July 2024...0 Comments 0 Shares 2K Views 0 Reviews
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