Bank of Singapore hires former Credit Suisse exec as Greater China COO
Ronnie Cheung will lead operations and governance for the private bank’s Hong Kong branch.
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Ronnie Cheung will lead operations and governance for the private bank’s Hong Kong branch.
Fiuu will now operate independently of Razer, providing payment services for businesses in Southeast Asia.
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
UNOAsia will use the funding to strike profitability for UNO Digital Bank in the Philippines.
Contour previously announced in October 2023 that it was to wind down operations as a result of insufficient funding.
The Swiss bank is to replace its legacy system for position and risk management with FM Converge.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The banking group says the partnership will enhance its compliance efficiency.
Sygnum says it will use the capital to expand into new markets and further develop its product suite.
The bank will also utilise Azentio’s financial crime management and anti-money laundering (AML) system.
The capital injection follows a $104m investment in July and a $56.8m investment in April last year.
Thunes’ current CEO Peter De Caluwe has been promoted to deputy chairman.
Our weekly round-up for you to get the latest fintech funding news from around the world.
Blacksmith claims to have specifically tailored the platform for SEB following a year-long pilot project.
Bambu says its solution has been designed for financial institutions that cater to mass retail investors.
Project Guardian aims to share knowledge about the benefits and risks of asset and fund tokenisation.
The latest cash injection brings YouTrip’s total funding to date to over $100 million.
The banks were unable to recover their systems within the allotted time following a service outage in Singapore.
Airwallex says the deal is an important part of its broader growth strategy in the Americas.
As BigPay expands in Southeast Asia, the firm says it needed a partner with “deep understanding of the region”.
The bank has been running on iMAL since 2010.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The news follows a year after the crypto heavyweight received its In Principle Approval (IPA) from MAS.
The project was completed between BIS, Banque de France, MAS and the Swiss National Bank.
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
The bank’s new service seeks to benefit its corporate clients’ inter-bank connectivity and cash management processes.
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
Customers will have to withdraw their money by 13 October, after which the accounts will be permanently closed.
Utu acquired the Singapore-based lifestyle app in June following its $33 million Series B.
Audax has been designed to help banks and financial institutions accelerate their digital transformation.
The deal marks another step in Finbots.AI’s push to scale across APAC.
Chai succeeds Ravi Menon as managing director, who only renewed his term in May.
Singh has spent much of his career at US tech firm Akamai Technologies.
Manohar Chadalavada is leaving the bank to be the co-founder of a fintech start-up currently in stealth.
Issuers in Singapore will have to fulfil requirements to be recognised and labelled as “MAS-regulated stablecoins”.
The fintech landed $20 million in a Series A funding round in June 2022.
Frank Zhang, “a fintech, ISO standard certification and sustainability veteran”, will lead the new subsidiary.
DBS has also absorbed close to 3,000 employees from Citi Consumer Taiwan.
The round saw participation from existing investors including UBS Next, EDBI and Prosus Ventures.