Tuesday, July 5, 2022

Alipay+ and ComfortDelGro agree deal to boost Singapore tourism

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ComfortDelGro Taxi and Alipay+ announced a deal that enables mobile payments from Malaysia and South Korea, namely the Touch ‘n Go eWallet and Kakao Pay, to be accepted as cashless payment in all its Comfort and CityCab taxis. Users of these mobile wallets can pay for the cab fare simply through the wallet apps without the need to exchange currency.

Fintech Unicorns grew by 330% in numbers in the last 18 months

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The number of startups, qualifying as Unicorns (valued at over $1 billion USD) has grown significantly in the last year and a half. The exact percentage of Unicorn growth in numbers since 01/01/2021 comes to 162% with 707 new unicorns emerging in that period. Up until the end of 2020, the total headcount of the mythical herd was just 436.

Ares appoints Henry Lee to head its wealth management solutions

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Ares Management Corporation (Ares) announced that Henry Lee has joined Ares Wealth Management Solutions (AWMS) to lead its efforts as part of the Firm’s commitment to build out dedicated wealth management teams to cater to the growing region's retail opportunity.

BPI and Alipay+ collaborate to enable digital banking clients to shop global

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The Bank of the Philippine Islands (BPI) sealed a pioneering partnership with Alipay+, a suite of cross-border mobile payments and marketing solutions operated by Ant Group, to enable digital banking customers to shop global. This makes BPI the first bank partnering Alipay+ as a mobile payment provider to extend its payments service beyond local merchants.

Thought Machine casts configurable cloud-native card payment platform

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Thought Machine, a cloud-native banking tech firm, launched Vault Payments: a cloud-native cards and payments processing platform. Launching with card processing on Mastercard, Vault Payments has been built from scratch as a cloud-native payments processing platform – ensuring the platform is scalable, highly configurable, and can operate in real time.

ANEXT Bank soft launches as a digital wholesale bank in Singapore

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ANEXT Bank, a digital wholesale bank incorporated in Singapore and a subsidiary of Ant Group, has announced its soft launch. The soft launch follows its receipt of MAS’ approval to commence business on 2 June 2022. The Singapore-based digital bank will focus on providing digital financial services to local and regional micro, small and medium enterprises, especially those engaging in cross-border operations for growth and global expansion.

Basiq launches Smart Payments to accelerate Aussie fintech ecosystem

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Basiq announced an Australian first as it launches Smart Payments, integrating access to financial data with payment services on the Basiq platform. With a proven record in accessing financial data, the addition of payment services will enable both read and write services to be possible on the Basiq platform as Open Finance continues to evolve. This will help supercharge Fintechs as they accelerate the launch of new services in the market.

Software Combined builds portfolio, acquires four technology companies

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Software aggregator Software Combined has finalised its first four acquisitions to become Australia’s locally based company dedicated to investing in and supporting a portfolio of established software businesses. The acquired software businesses Streamtime, Scope Systems, Energy Inspection and MacroView operate in the creative, mining, energy and document management sectors and collectively generate EBITDA of over $11 million. 

ESG-related securities trading shoots up according to data from AUSIEX

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Trading volume in ESG-related stocks has increased considerably since 2019 and Australian investors are pouring into new ‘green’ sectors, according to data from Australian Investment Exchange Limited (AUSIEX). Analysis also points to a strong correlation between trading in ESG-related securities and voting patterns in the recently concluded Federal Election.

GPS announces the hire of fintech executive veteran Jill Docherty

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Global Processing Services (GPS), a global payment technology platform, has announced the hire of Jill Docherty as Director, Global Partnerships. Based in London, Jill sits on GPS’ global executive committee and is responsible for identifying and managing all GPS ecosystem partners, facilitating collaboration to drive innovation and growth for GPS and its customers.