Banking
Project Mariana successfully completes cross-border settlement of wholesale CBDCs
Project Mariana successfully tested cross-border settlement capabilities of wholesale central bank digital currencies (wCBDCs) across major global markets.
FactsProject Mariana, initiated in November 2022,...
Banking
Coinbase receives payment licence from Monetary Authority of Singapore
Cryptocurrency exchange Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a significant milestone in its...
AI
AlphaSense lands $150m Series E funding at $2.5bn valuation
AlphaSense, an AI-powered market intelligence platform, has raised $150 million in Series E funding, led by Bond, bringing its valuation to $2.5 billion.
FactsAlphaSense...
Banking
Singapore’s Grab pulls the plug on investment services citing non-viability
Singapore's super-app Grab is discontinuing its retail investment products, GrabInvest, as they are considered financially unviable.
FactsGrab is winding down its retail investment products,...
Banking
CardsPal founder and CEO Saim Yeong Harng steps down three months after Utu acquisition
Saim Yeong Harng, founder and CEO of CardsPal, steps down three months after its acquisition by Utu, a travel fintech company.
FactsFounded in 2019...
Banking
Standard Chartered Ventures launches new BaaS fintech Audax
SC Ventures launches Audax Financial Technology, a Banking-as-a-Service (BaaS) platform, aiming to accelerate digital transformation for banks and financial institutions in Asia.
FactsAudax, launched...
Banking
HSBC launches digital trade finance solution
HSBC has introduced HSBC TradePay, a digital trade finance solution that enables clients to instantly drawdown trade loans and pay suppliers, improving working capital...
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