Fintech

Users have concerns about giving tech companies their financial data, whether it’s Google, Apple, and Facebook in the US, or Alibaba and Tencent in China.

More than 40 companies set to apply for five slots by Dec. 31.

The Monetary Authority of Singapore said it will issue up to five new digital bank licenses, which will include non-bank players.

These fintech startups optimize technology to facilitate financial inclusion in diverse countries.

The fund says it is in active diligence with a few companies in the region.

OVO will offer investment products, given that the payments market is now mature.

Government-owned payment app BHIM to get a soft launch during Singapore Fintech Festival.

Tencent wants to bring more financial services to its video users and expand its fintech presence in China.