All News and Announcements

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News

Thailand's FINNIX App Leverages AI for Financial Inclusion

The FINNIX mobile app, which is regulated by the Bank of Thailand, was developed by MONIX and offers microfinance loans through a completely digital process from loan application to approval and disbursement.

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Funding Societies Signs $50M Credit Facility With HSBC to Drive SME Growth in Southeast Asia

Through this new facility the fintech lender will be able to channel the funds via its range of tailored financing solutions across SME segments across all its five markets.

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Switzerland and Singapore to Teamup on Fintech

The two countries are looking towards financial sector digitalization. A conference slated for June in Zurich seeks to do just that. 

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Ngern Tid Lor PCL is IFC’s First Investment in a Non-Banking Financial Institution in Thailand to Support MSMEs

The investment aims to support a resilient recovery by promoting business growth, creating jobs, and fostering financial inclusion.

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Thailand's Fintech Comes of Age

Ongoing shifts toward e-commerce, digital payments (including contactless), and instant payments have all been significantly boosted during the pandemic with real-time payments surging by 104 percent.

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Thai Household Debt Skyrockets from Credit Cards, Loans and Car Loans

The Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and car loans, as the Thai government has vowed to tackle high household debt, incurred by credit card and personal loans.

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Digital Payments — Not Cash — Is Now King in Asia’s Payment Ecosystem

Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.

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COVID-19 Driving Increase in Digital Payments in Singapore

Singapore residents are increasingly adopting digital payments due to the COVID-19 pandemic, according to a GlobalData report.

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Singapore Plans Year-End Fintech Event Amid Virus Restrictions

Singapore is planning an online and physical fintech festival amid the spread of the coronavirus across the globe.

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Singapore: MAS to Host $1.25 Million COVID-19 and Green Finance Challenge

The global fintech challenge aims to offer solutions that can help financial institutions grapple with the existential threats posed by COVID-19 and climate change.