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Rely bags up to S$100m Goldbell financing for buy-now-pay-later

FINTECH firm Rely has obtained a facility from a unit of local small and medium-sized enterprise Goldbell Financial Services to finance up to US$100 million in buy-now-pay-later (BNPL) transactions, the startup announced in press statement.

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Over 200m new mobile banking users forecast in four APAC markets by 2023: report

THE number of mobile banking users in four Asia-Pacific (APAC) countries - India, Indonesia, the Philippines and Vietnam - could increase by some 209 million in three years by 2023, according to latest forecasts by international financial group UnaFinancial.

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Singapore to pilot platform next year to speed up insurance claims: MAS

SINGAPORE is building a platform to speed up insurance claims, nudging the insurance sector to digitalise the claims process.

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Singapore’s fintech investments rebounded to US$278m in Q2: report

SINGAPORE'S fintech investments rebounded in the second quarter of 2020 to US$278 million, 4.1 times the US$68 million recorded in the first quarter, the Singapore FinTech Association (SFA) and management consulting firm Oliver Wyman said on Wednesday.

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Singapore makes leap in cross-border payment arrangement with Thailand

SINGAPORE is leading the charge on cross-border payments and settlements, with several trail-blazing moves aimed at solving the perennial issues of speed and cost.

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Moody’s upgrades Geo Energy on absence of near-term refinancing risk

MOODY'S Investors Service has upgraded the corporate family rating of Geo Energy Resources to "Caa1", from "Caa3" previously.

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Covid-19, though terrible, helped push digital financial revolution: Bill Gates

THE Covid-19 pandemic is supercharging the digital revolution and presenting regulators with an opportunity to narrow financial inequities in their countries, Bill Gates has said.

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Some DBS users, GrabFood riders hit by glitches in their apps

SOME DBS customers who attempted to log into the bank's digibank app on Tuesday evening were met with an error message notifying them of technical difficulties.

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Maybank predicts U-shaped recovery for Asean, with bumpy road to herd immunity

POST-Covid-19 recovery will be "more U-shaped than V for most of Asean", with real GDP returning to pre-pandemic levels only in early 2022, says a Maybank Kim Eng (Maybank) report.

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Singapore is important hub for Citi, says incoming CEO Jane Fraser

SINGAPORE remains an important hub for Citigroup, with the major US bank to open the world's largest wealth advisory hub in the Republic this month, said the incoming global chief executive officer of Citi, Jane Fraser.

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