Singlife is constantly looking to invest and support businesses that add value to the Singlife ecosystem, and Railsbank is a perfect example. The investment gives us access to the world's most cutting edge banking tech, accelerating the Railsbank development cycle and allows Singlife to propel our own tech propositions across SE Asia even further ahead of our competition Singlife is a great example of that, and we believe that is why we've seen a huge following of our brand and our brand story. This story, was first published on Medium by the Railsbank marketing. Railsbank partners with Visa to deliver Banking as a Service innovation in Asia Pacific Railsbank and Visa enable innovative Singlife Account Railsbank, the leading global open banking platform, announces that it has received investment from Visa, the world's leader in digital payments, and Global Brain, a major venture capital firm based in Tokyo, Japan Singlife also participated in Railsbank's previous fund raising round as well. Naoki Kamimaeda. Naoki Kamimaeda, Partner and Europe Office Representative of Global Brain Corporation, said: We see huge potential in Railsbank's vision and open banking platform
Railsbank's customers, which includes the likes of digital banking app Sync., digital insurer SingLife and money management platform Ikigai, will be able to initiate instant account-to-account transfers and reap all the benefits of Plaid's service without having to onboard two separate suppliers Railsbank and Visa have worked together in the past, launching a mobile-based insurance savings plan with Singapore-based Singlife. Related: The new business models of banking Tags: Banking, Digital, Financial Services/Finserv, Innovation, Investment & Funding, Partnerships Global Brain, Railsbank, Visa BankingTech, FinTech News Asia Pacific, Philippines, Singapore, Thailand, Vietna As an example of what the Railsbank platform is capable of, Verdon described how SingLife was able within 2 days to develop a completely working digital banking app with a own debit card and support for bank transfers, including dedicated account numbers and sort codes etc
Railsbank conforms with those rules to support its customers like Singlife in the region and endorses MAS' approach. eMoney safeguarding regulations in the UK should sit under trust law very much like the FCA's existing and well-regarded Client Assets Sourcebook (CASS) client money regime Railsbank's Open Banking Platform and APIs empower financial innovators to create amazing financial services products and experiences for their clients - Acounts | IBANs | Send, Receive, Collect Money | Cards | Credi Railsbank has raised $10m in a Series A funding round. The round was led by Moneta Capital and joined by CreditEase, Clocktower Technology Ventures, Singapore Life and existing investors including Firestartr. The funds will help Railsbank continue to expand its global capabilities in the USA, Australia and SE Asia. It will also enhance its core product proposition from banking, payments and. Railsbank, the leading global open banking platform, announces that it has received investment from Visa, the world's leader in digital payments, and Global Brain, a major venture capital firm based in Tokyo, Japan
Railsbank CEO Nigel, commented that it took 2 days to build a prototype for SingLife and 3 months to launch (impressive KPI). Launch of the Singlife Account At the Singapore FinTech festival, SingLife launched the SingLife account along with a Visa co-branded debit card It turned to Railsbank to provide the infrastructure and the API layers to make this happen; Railsbank is based in the U.K. but for regulatory reasons is branded in Australia as RailsPay. Working with Railsbank is a milestone, because we see how the world of banking is changing and this gives us the ability to present a differentiated business model, Weston said
For example, SingLife recently worked with Railsbank to offer a combined savings, spending, investment and insurance plan with a Visa debit card and no withdrawal restrictions, to create a closer, daily relationship with its customers and gather more data on their habits Rhino provides seamless API integrations for Railsbank with banks, financial institutions, and card issuers. First debit card issuance platform for an insurer - The Singlife app - allows users to open and manage their account within minutes,. Revolut hires former Railsbank COS to steer its business expansion in Asia. Neil Martin; May 22, 2020; No comments; 1 minute rea
Singlife's logo has also undergone a makeover, rebranding comes shortly after the reveal of Singlife's investment in London-based RegTech and open banking platform Railsbank, as part of a USD10 million Series A round led by Moneta Capital, according to a report by Deal Street Asia Provided issuing advisory services to Singlife in Singapore Railsbank conforms with those rules to support its customers like Singlife in the region and endorses MAS' approach
As The Fintech Times in October focuses on partnerships, we speak to industry leaders from Railsbank, a banking-as-a-service platform, and Visa, a financial services company, about their recent partnership and how collaboration is integral to the evolution of the fintech industry.. Railsbank and Visa have been partnering in the Europe and Asia Pacific regions since 2019, working closely to. Singlife | 4,074 followers on LinkedIn. Unlocking the potential of money for everyone. | We built Singlife because we believe that the world needs a better kind of insurance company: using the smartest technologies to make insurance totally digital, with automated efficiencies to make it more convenient and affordable. We think we've done a great job with this so far, and now we are doing. The Singlife Account is a yearly renewable life insurance plan that provides life insurance coverage for death or terminal illness, up to 105% of the account value, and lets customers earn interest on their savings. Railsbank raises $10 million for Singapore expansio Singapore Life Marks 100 Days With S$250M Life Insurance . Singapore Life, the city-state's preferred financial services start-up and most successfully funded insurtech to date, marks its first 100 days of retail operations today with S$250 million in life insurance coverage issued since launch Aviva Singlife appoints DBS senior exec as group CEO following recent merger www.straitstimes.com Mon, 24 May 2021 18:53:38 +0800 Insurer Aviva Singlife has appointed a new group chief executive officer, following the $3.2 billion merger of Aviva Singapore and home-grown insurance company Singapore Life (Singlife) last year
It's unclear to me how SingLife's cap table is being merged into Aviva (due to the private equity infusion) - however, assuming SingLife 'shareholders' received 20% of equity in 'Aviva SingLife' - it would represent $480M - a convenient x1.5 markup in valuation over 15 months The MarTech Interview Series with Liam McCance, Chief Strategy Officer at Singlife is a fun Q&A style chat. It follows a two part format On Marketing Technology, and This Is How I Work Banking as a service is a less contested market in Australia By Neeti Aggarwal. Steve Weston, founder and CEO at Volt Bank and Justin Xiao, chief operating officer at Railsbank, Asia Pacific discuss plans to leverage their partnership for banking as a service in a bid to launch in a competitive Australian market where two neobanks have already folded up James Shanahan, CEO of Revolut Singapore. James Shanahan, CEO of Revolut Singapore, joined the firm in March 2020.Previously chief of staff for Railsbank Technologies in South East Asia and chief operating officer for Singlife, he has more than 25 years experience with large banks, insurers and third parties, predominantly in Asia.. He tells The Fintech Times: So, as smartphone adoption in. Railsbank chief operating officer for Asia Pacific Justin Xiao said the business could act as a bridge for fintechs from overseas looking to launch in the Australian market. He said clients of the company overseas had included Singaporean insurer Singlife, which offered deposit accounts with its policies, and UK business Wagestream, which allowed employees to access overtime pay early
Railsbank, the open banking and compliance platform co-founded by CEO Nigel Verdon, who previously founded Currencycloud, has raised £10 million in Series A funding. The new injection of capital will be used for further expand beyond Europe, including the U.S., Australia and South East Asia He joined the company in March after serving as chief of staff for financial services firm Railsbank Technologies in Singapore and chief operating officer at Singlife . Singlife is now allowing users to chat about life insurance with its SingBot via Facebook messenger.Users can find the right plan, browse products, understand how much coverage they need, and when they do decide they are ready to shop, the bot will redirect them to Singapore Life's website to continue the process
Prior to this, he was the Chief of Staff at Railsbank Technologies in South-east Asia and COO at Singlife. He has more than 25 years of experience with banks, insurers and third parties predominantly in Asia, including ANZ Bank, Avaloq, Standard Chartered, AXA Insurance and Accenture Railsbank, an open banking and compliance platform, was founded by Nigel Verdon and Clive Mitchell in 2016. They offer an API based financial innovation and growth platform designed for developers and product managers to build their financial services business on Delighted singlife.com to be part of Railsbank expanded... Singapore Life, a Singapore-based insurtech company, has made a strategic investment in Railsbank,... Jonathan Main liked thi Railsbank chief working officer for Asia Pacific Justin Xiao stated the enterprise might act as a bridge for fintechs from abroad wanting to launch within the Australian market. He stated purchasers of the corporate abroad had included Singaporean insurer Singlife,.
Shanahan was previously chief of staff for Railsbank Technologies in Southeast Asia and prior to that, chief operating officer for Singlife. He has more than 25 years of experience, having. Singlife | 4,247 followers on LinkedIn. Unlocking the potential of money for everyone. | We built Singlife because we believe that the world needs a better kind of insurance company: using the smartest technologies to make insurance totally digital, with automated efficiencies to make it more convenient and affordable. We think we've done a great job with this so far, and now we are doing. Railsbank was founded in 2015 by Nigel Verdon and Clive Mitchell and is based in London, England. Read More. Lists Featuring This Company. England Companies (Top 10K) 9,605 Number of Organizations • $142.1B Total Funding Amount • 16,801 Number of Investors. Track Singlife | 4,180 followers on LinkedIn. Unlocking the potential of money for everyone. | We built Singlife because we believe that the world needs a better kind of insurance company: using the smartest technologies to make insurance totally digital, with automated efficiencies to make it more convenient and affordable. We think we've done a great job with this so far, and now we are doing.
Currently, Railsbank is live and enabling customers in the UK, Europe, SE Asia and the US. It is the only global BaaP player. The Railsbank platform enables marketers, product managers, developers to take their financial product vision and rapidly prototype, launch and scale their vision using its open finance platform, financial operations, regulatory licensing and rich set of APIs We took a stake in Railsbank early on because we thought it was a good investment and wanted to get to know what they did and how they did it, which has informed out API-centric approach. A lot of this couldn't have been done 10 years ago, but what we have now is an offering that's safe and secure at a fraction of the cost
Shanahan joined Revolut in March 2020 and was previously Chief of Staff for Railsbank Technologies in SE Asia and Chief Operating Officer for Singlife. Also Read: Revolut integrates with GooglePay for more seamless user transaction Before he was the CEO of Revolut Singapore, he was the chief of staff for Railsbank Technologies in South-east Asia and COO for Singlife. During his career, which spans for decades, Shanahan has gained more than 25 years with banks, insurers and third parties
Previously chief of staff for Railsbank Technologies in South East Asia and chief operating officer for Singlife, he has more than 25 years experience with large banks, insurers and third parties, predominantly in Asia CTO at SingLife. I live to design and build systems, and create teams that share my passion. CEO of Railsbank. 3x FinTech entrepreneur focused on building great ideas. What gives me a buzz is working with inspirational like minded people focused on a common goal
1. Hopin $125.0M Round: Series B Description: Hopin is a live virtual events platform that enables attendees to connect, learn, and interact with people anywhere.Founded by Johnny Boufarhat in 2019, Hopin has now raised a total of $171.4M in total equity funding and is backed by investors that include Seedcamp, Salesforce Ventures, IVP, Northzone, and Accel Singapore's quantum computing software startup Entropica Labs snags US$1.8M. Entropica Labs, a quantum computing software solution that is based in Singapore, announced that it has taken home S$2.6 million (US$1.8 million) in seed funding led by deep tech investor Elev8.Joining the round are government-owned deep tech investor SGInnovate, early-stage enterprise and deep tech venture capital. Revolut, a digital banking service provider, has announced the appointment of James Shanahan as CEO of its Singapore operations. In his new role, Shanahan will be focused on growing the FinTechs operations in the Asian region, according to an article by Finance Magnates.. Shanahan joins the firm from Railsbank, where he was Chief of Staff for Southeast Asia, according to LinkedIn 6. Gousto £25.0M Round: Venture Description: Gousto is an online meal-kit manufacturer and retailer, using AI and automation to provide extensive choice and personalisation.Founded by James Carter and Timo Boldt in 2012, Gousto has now raised a total of $211.3M in total equity funding and is backed by investors that include Barclays, MMC Ventures, Business Growth Fund, Unilever Ventures, and.
Samantha Ghiotti, Deputy Chief Executive Officer, Singlife Satyen Kothari, Founder and Chief Executive Officer, Cube Dr. Segun Aina, President, Fintech Association of Nigeri Abstract: Embedded insurance coverage, a part of a broader motion in the direction of embedded finance, is about gettin A great share by our partner Railsbank on the Singlife story. If anyone wants to know more on the Singlife #history, our #future, and why we exist Liked by Noel Tay. I am grateful to be working for #Axa Singapore the #1 Insurance employer. As one of Axa.
European fintechs' ties with Asia have been in the press for all the wrong reasons of late. German fintech Wirecard collapsed after allegations it used operations in Manila and Singapore to manufacture £2bn in fake assets.. But away from the front pages, the latest generation of European fintechs have quietly been moving into Asia, pushing to tap its highly digital, fast-growing and densely. PayrNet | 201 followers on LinkedIn. DIGITAL FINANCE AND PAYMENTS A members only business network launching in 2016 We believe that in a digital world - Financing for cash flow and trade should be fast to arrange, fast to pay and without excessive security. - Businesses should be able to invoice in any currency they want and not incur currency movement ris
Avvanz's Panel Discussion along with Bank of Singapore, Singlife, Singapore Human Resources Institute (SHRI), O.C. Tanner and JustLogin, received an overwhelming attendance given the timely topics the panel delved into [2571168693109721:274:Cybavo Inc.] @[623650994473975:274:Railsbank]. 8:05 AM - 8:25 AM SGT Grabbing Hope in a Crisis. Fueled by a new $856 million funding round, Grab believes that fintech should be deployed for the good of society and the economy, driving Southeast Asia forward by giving millions of unbanked people access to digital payments and financial services Malith Widanapathirana is on Facebook. Join Facebook to connect with Malith Widanapathirana and others you may know. Facebook gives people the power to share and makes the world more open and connected