Archive for the ‘Fintech’ Category

Acronis and Minterest Launch Acronis #CyberFit Financing in Singapore

Monday, June 22nd, 2020

The joint initiative by Acronis and Minterest aims to help businesses combat COVID-19 disruptions and remain resilient and #CyberFit despite the pandemic.

Acronis, a global leader in cyber protection, and Minterest, a leading Singapore-based online financial services solutions provider, have joined forces to launch Acronis #CyberFit Financing, Powered by Minterest to provide Singapore-based businesses with financing support.

Acronis, a global leader in cyber protection, and Minterest, a leading Singapore-based online financial services solutions provider, have joined forces to launch Acronis #CyberFit Financing, Powered by Minterest to provide Singapore-based businesses with financing support.

The unprecedented COVID-19 pandemic has forced businesses globally to operate remotely and people – to work from home.

Very often, they work with unsecured digital networks and are vulnerable to cyber-attacks.

“Cybercriminals are ruthless – they see the coronavirus pandemic as an opportunity to target new vulnerabilities such as those caused by many staff migrating to home offices. Now more than ever, cyber protection should be a key concern for every business, as a data breach that costs a company valuable data can cripple even large organisations. Acronis Cyber Protect Cloud is a solution we have developed to combat this global threat. Acronis is dedicated to doing our part to help businesses both in the digital and the real world. With support from our capable partners at Minterest, we hope to provide streamlined access to vital funding to ensure business continuity for as many Singapore businesses as possible,” said Serguei Beloussov, Founder and CEO of Acronis.

During the COVID-19 outbreak, essential services such as supermarkets, drug stores, medical services, mechanical services, police, and governmental agencies will need cyber protection to be #CyberFit so their IT infrastructure remains protected and operational.

Beyond the heightened cybersecurity risk, with the coronavirus outbreak slowing down economies and disrupting supply chain networks, many managed service providers, hosting companies, SMEs and home businesses are also faced with urgent cash flow issues.

As a cyber protection company, Acronis aims to help organisations safeguard their data, applications, and systems so they can remain productive and avoid costly downtime.

Through this partnership, Acronis and Minterest hope to empower businesses by providing easy access to customised financing solutions to tide them through this difficult period and to build their cybersecurity capabilities to ringfence their businesses.

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Temasek Joins Facebook’s Libra Association As New Member

Thursday, May 14th, 2020

Singapore’s Temasek has joined Libra together with Paradigm and Slow Ventures.

Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook, Inc. Facebook established the Libra Association - founded in Geneva, Switzerland - to oversee the currency.

Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook, Inc. Facebook established the Libra Association – founded in Geneva, Switzerland – to oversee the currency.

The design of a blockchain-based payment system that supports responsible financial services innovation and inclusion for billions of people requires a diverse set of members in different industries, geographies and sectors to help catalyze development over the long term.

Temasek, a global investment company headquartered in Singapore, brings a differentiated position as an Asia-focused investor.

With its forward looking and long term view, Temasek sees innovative technologies such as blockchain as transformative enablers of growth.

Temasek’s efforts to support and advance the use of blockchain technology across a range of use cases, asset classes and sectors, reflects its drive to explore, develop and invest in solutions to bring about a better, smarter, and more sustainable world.

More details below from the press release.

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Revolut, StashAway & PolicyPal Launch “Medical Energizer”

Thursday, April 16th, 2020

The “Medical Energizer” programme aims to support medical heroes in Singapore fighting the COVID-19 pandemic on the frontlines.

“Being in the frontline is a challenging task, therefore we would like to extend our support to protect their health and families. We believe that together we would be able to support each other through this crisis,” said Val Yap, Founder and CEO of PolicyPal.

“Being in the frontline is a challenging task, therefore we would like to extend our support to protect their health and families. We believe that together we would be able to support each other through this crisis,” said Val Yap, Founder and CEO of PolicyPal.

The program offers local heroes financial, insurance and rides benefits, to support their wellbeing during this crisis.

Revolut, a Visa partner, offers medical personnel 3% cashback for every transaction made on their Revolut Visa cards without any caps and up to S$50 rides rebates per week for any ride sharing services and taxi rides.

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Visa Study: 2 In 3 Singaporeans Interested In Using Neobanks

Wednesday, March 25th, 2020

Close to 65% of Singaporeans are open to the idea of adopting a digital-only bank, according to the Visa Consumer Payment Attitudes Study.

* All infographics in this story courtesy of Visa.

It comes as no surprise that if consumers were to adopt a digital bank - interest is highest for an existing issuer given the trust already associated with the issuer. Click on infographic to enlarge.

It comes as no surprise that if consumers were to adopt a digital bank – interest is highest for an existing issuer given the trust already associated with the issuer. Click on infographic to enlarge.

The Visa Consumer Payment Attitudes Study was conducted in October 2019 by ENGINE Insights with 511 Singaporeans aged 18-65 years of age.

3 in 4 Singaporeans are aware of the concept of Digital Banking - whilst nearly 2 in 3 would be curious of adopting a digital only bank. Click on infographic to enlarge.

3 in 4 Singaporeans are aware of the concept of Digital Banking – whilst nearly 2 in 3 would be curious of adopting a digital only bank. Click on infographic to enlarge.

This is part of a regional research project conducted in Southeast Asia on 5,000 consumers across seven markets in Southeast Asia.

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Wirecard Expands e-Commerce Offering For WeChat Pay

Tuesday, March 24th, 2020

Wirecard’s expanded e-commerce offering for WeChat Pay will enable European merchants to enjoy fast access to the Chinese market.

Wirecard and its partner SwissPost will offer a complete package including technical integration, payment processing, customs and logistics.

Wirecard and its partner SwissPost will offer a complete package including technical integration, payment processing, customs and logistics.

Chinese consumers will be able to check out with WeChat Pay on the online shops of European merchants.

As a result, shoppers will enjoy a smooth and familiar payment flow.

The integration meets the needs of a key target audience, leading to significantly increased revenues.

More details below from the press release.

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Wirecard & Grab Announce Payments Partnership For MSMEs In SEA

Saturday, March 14th, 2020

The payments partnership between Wirecard and the Southeast Asia super app Grab will drive cashless economy for MSMEs across the region.

Wirecard partners Grab.

Wirecard partners Grab.

Grab offers a variety of services to consumers in Southeast Asia ranging from ride-hailing and food delivery to digital financial products across payments, lending and insurance.

Wirecard will process card transactions made via the GrabPay e-wallet and integrate it as a payment method for its merchants.

More details below from the press release.

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New Arrival: Razer Pay Comes to Singapore with FOMO Pay

Saturday, March 2nd, 2019

With the full Singapore launch of Razer Pay coming up in H1 2019, Razer is inviting fans and gamers to join the app’s beta phase by applying for access here.

Beta access opening soon for Razer fans and gamers. Partnership with FOMO Pay announced.

Beta access opening soon for Razer fans and gamers. Partnership with FOMO Pay announced.

Razer fans and gamers in Singapore can be among the first in the country to participate in a limited beta of the upcoming Razer Pay e-wallet.

“We’re thrilled to offer all Razer fans and gamers in Singapore the opportunity to sign up for the closed beta launch of Razer Pay and play a part in helping us ready the app for its full public launch,” said Razer co-founder and CEO Min-Liang Tan.

Successful applicants will be sent a unique access code for the Razer Pay app via text message in the next few days.

Throughout the beta, participants will get to experience the full functionality of Razer Pay and enjoy frequent gaming-focused promotions and events such as giveaways of Razer Gold, Razer PIN, and other digital content.

Beta users’ feedback will help optimise operations for a smooth public launch in the coming weeks.

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Virtusa opens new technology centre in Singapore

Friday, October 20th, 2017

The step-up of business footprint of the corporation’s regional headquarters in Singapore will bring the global IT consultancy & outsourcing services company closer to its clients in the region, and enhance recruitment of local talent in Singapore.

The new technology centre is located in Virtusa’s offices in Singapore at the Akzonobel House n Changi Business Park.

According to the company’s Chief Operating Officer, Roger Keith Modder, who inaugurated the new technology centre in Singapore, Virtusa plans to grow its employees here by 50% within the next 3-5 years, tapping into the talent pool generated by the universities here.

The billion-dollar company (by market cap) is counting on the Smart Nation efforts of the Singapore government and is spearheading its strategy here with the company’s verticals in Banking & Financial Services, Insurance, and Healthcare.

The Singapore office is also Virtusa’s regional headquarters.

The Singapore office is also Virtusa’s regional headquarters. Photo: Virtusa.

More details about Virtusa’s recent evolution as a company from the press release below.

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Opening: Thomson Reuters Data & Innovation Lab in Singapore

Tuesday, February 21st, 2017

Thomson Reuters continues expansion of its global labs network by opening its sixth in Singapore. Its first lab in Asia, the Singapore Data and Innovation Lab will serve customers across the Asia Pacific.

Sopnendu Mohanty, Chief Fintech Officer at Monetary Authority Singapore (MAS) officiating the opening of the new Thomson Reuters Lab in Singapore. In addition, Kiren Kumar, Assistant Managing Director, Infocomms and Media, Singapore Economic Development Board commented, “We welcome Thomson Reuters into our fast-growing digital innovation ecosystem, and are glad that the Singapore Data and Innovation Lab is collaborating with various partners to create new products for the region and beyond. We are also pleased that the Lab presents exciting career opportunities in data science, software development and user experience design.”

The Thomson Reuters Lab in Singapore will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region.

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