Fintech growth in Singapore A KPMG report cited the 2nd quarter growth of fintech worldwide at US$8.4 bil. This figure is more than double the first quarter of this year. The industry is moving rapidly through M&As, acquisitions, and new investments. However, EY reports that Singaporeans lag far behind many other economies in the world where it comes to fintech adoption. Fintech adoption in Singapore among digitally active consumers was at 23% this year, up from 15% in 2015.
Collyer Law advised a global family office on its investment in Chemtrols Infotech, an Indian company providing niche IT services in relation to software license usage and optimization, data management, automation, and application performance management.
First shariah-compliant robo advisory in Malaysia Robo advisors are disrupting the financial and wealth advisory industry in Malaysia. A robo advisory product called Algebra will advise on Shariah compliant investments. The product relies on smart beta trading algorithms to derive its active equity portfolio, it then blends with fixed interest Exchange Traded Funds, or Sukuk bond funds. Hong Kong's SuperCharger fintech accelerator is moving to Malaysia SuperCharger Fintech Ac