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Babel Finance Now Valued at US$2 Billion With US$80 Million Fundraise
Babel Finance, a Hong Kong-based wholesale crypto financial services provider, announced that it has raised a US$80 million Series B financing round at a valuation of US$2 billion. The main investors in this round include Jeneration Capital and 10T Holdings,
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Why B2B Payments Is The Next Big Domino in APAC’s Fintech Innovation Wave
In the midst of the Covid-19 pandemic, a 2020 McKinsey report projected that Asia’s payments sector would be well positioned to exceed US$1 trillion in annual revenue by 2022 or 2023, despite also forecasting a temporary 1-8% decline in Asia’s 2020
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Quantifeed Secures Series C Fundraise Led by HSBC Asset Management
Quantifeed, a digital wealth management solutions provider for financial institutions, announces its Series C funding round led by HSBC Asset Management’s (HSBC AM’s) alternative investments business, HSBC Alternatives. The size of the funds raised were not disclosed. HSBC AM is
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At the Cusp of a BaaS Revolution, Here Are Some of the Challenges
The future of finance is open, and the rise of Banking-as-a-Service (BaaS) means this future is closer than ever. The BaaS industry is quickly maturing, with 88% of senior APAC executives – in industries from banking and technology to healthcare
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TransUnion Picks Provenir to Leverage Its AI-Powered Risk Decisioning Platform
Provenir, an AI-powered risk decisioning software provider, announced it has been selected to join TransUnion’s Strategic Alliance Distribution Programme. Through this alliance, TransUnion’s clients will be able to take advantage of Provenir’s platform to gain deeper insights for greater decisioning
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Banks Need to Avoid Risks of a Big Bang Transition When They Digitise
The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed that 40% of banks in the Asia Pacific will make significant changes to their current core banking systems in the
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Singaporean Robo Advisor Syfe Expands Its Footprint to Hong Kong
Syfe, a digital investment platform headquartered in Singapore, announced that it has expanded its footprint to Hong Kong, its first market expansion since its launch in 2019. The firm is licensed in Hong Kong under Types 1 (Dealing in Securities), 4
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The InsureTech Connect Asia 2022 Is Back for Its 3-Day Physical Event
InsureTech Connect Asia (ITC Asia) will be hosting the first 3-day in-person event since the pandemic from 7 – 9 June 2022 at Suntec Convention & Exhibition Centre, Singapore. The insurtech event has offered unparalleled access to the largest and
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Hong Kong Households Continue to Bear the Brunt of COVID-19 Economic Consequences
In Hong Kong, the COVID-19 pandemic continues to take a toll on people’s financial health as family members from low-income households are put out of work and forced to turn to part-time work and credit to make ends meet. This
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Who Are Hong Kong’s Most Active Fintech & Blockchain Investors?
Hong Kong, a global financial hub, is home to a burgeoning fintech industry, a sector that’s risen on the back of a favorable regulatory landscape, supportive initiatives from the government, and an active community of investors supporting the growth of
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