Industry News

Fullerton Health, a prominent healthcare solutions provider in the Asia-Pacific region, has announced that Mitsubishi Corporation has acquired a strategic minority stake in the company. This investment is set to enhance Fullerton Health’s focus on regional growth and accelerate its vision for integrated, digitally enabled healthcare services.

The investment from Mitsubishi Corporation concludes a series of minority investments, including one from Far East Drug. It will support Fullerton Health’s expansion in its key markets—Singapore, Indonesia, and the Philippines—whilst facilitating entry into new markets across the region. The company plans to leverage its extensive network and digital capabilities to deliver comprehensive healthcare solutions.

Ho Kuen Loon, Group CEO and Non-executive Director of Fullerton Health, stated, “This partnership reflects strong alignment between Mitsubishi Corporation and our existing shareholders on the long-term value and industry leadership potential of Fullerton Health. With a shared commitment to impact and innovation, we are well positioned to achieve our aim to positively impact 10 million lives in coming years.”

BofA Securities served as the sole financial adviser for this transaction. Established in 2010, Fullerton Health operates nearly 500 clinics and collaborates with over 18,000 providers across the Asia-Pacific region, offering a wide range of healthcare services from primary care to diagnostics and speciality services.

This strategic investment by Mitsubishi Corporation is expected to strengthen Fullerton Health’s market leadership and enhance its ability to deliver value to stakeholders, aligning with its mission of providing seamless, accessible, and trusted healthcare.
“`

Standard Chartered and Ant International have announced a collaboration to launch an AI-powered Treasury and FX Management Solution. This innovative solution integrates Ant International’s Falcon Time-Series Transformer (TST) Model with Standard Chartered’s Aggregated Liquidity Engine (SCALE) to improve foreign exchange (FX) cost effectiveness and risk management for Ant’s clients.

The partnership, which builds on the companies’ previous blockchain collaborations, aims to lower FX costs and enhance risk management. The integration of Falcon TST and SCALE allows for real-time, 24/7 AI-powered FX forecasting, enabling seamless data exchange and improved accuracy in predicting FX exposures.

Madhu Menon, Global Head of SC PrismFX Sales at Standard Chartered, stated, “We continue to invest in our platforms and adopt cutting-edge technology to support our clients in effectively managing their risks and exposures, especially during these volatile times.” Kelvin Li, General Manager of Platform Tech at Ant International, added that the partnership enhances businesses’ global liquidity and FX strategy, leading to more efficient cross-border transactions.

The Falcon TST Model, a big data model with nearly 2 billion parameters, uses AI to predict future data points, improving cashflow and FX exposure forecasts. It currently processes over 60% of Ant International’s FX transactions, reducing FX costs by up to 60% and liquidity management costs by up to 50%.

As cross-border transactions grow, Standard Chartered and Ant International are committed to developing innovative solutions to facilitate seamless and secure international business operations.
“`

Atome Financial, part of the Singapore-headquartered Advance Intelligence Group, has announced record audited results for the year ending 31 December 2024, marking significant growth and profitability. The company reported a 63% year-on-year increase in operating income, reaching $236 million, and achieved full-year profitability. This success is attributed to disciplined execution, operational efficiency, and scalable growth in a challenging macroeconomic environment.

The platform, which includes Atome’s Buy Now Pay Later (BNPL) service, Atome Card, and Kredit Pintar, processed over $2 billion in Gross Merchandise Volume (GMV) in 2024, a 50% increase from the previous year. By the end of Q2 2025, annualised net revenue exceeded $500 million, driven by GMV crossing $4 billion.

Key performance drivers include product diversification, with expanded offerings in insurance, savings, cards, and lending. In the Philippines, the adoption of the Atome PayLater Anywhere Card accelerated, with over 15 million cards issued by June 2025. Operational excellence was enhanced through streamlined processes and the rapid deployment of Generative AI for customer service and credit underwriting. Robust capital support was secured from global and regional partners, including BlackRock, EvolutionX, and HSBC.

CEO Jefferson Chen stated, “Atome Financial’s record performance in 2024 and 1H2025 reaffirms the strength of our wallet platform and our ability to grow sustainably whilst delivering real value to consumers and partners.”

Atome Financial is backed by investors such as SoftBank Vision Fund 2 and Warburg Pincus. The company’s achievements position it well for future growth and financial inclusion in Southeast Asia.
“`

Trend Micro has unveiled Scam Radar, an innovative AI-powered feature within its ScamCheck app, designed to tackle the escalating threat of online scams in Singapore. This new tool offers real-time scam detection and alerts, empowering users to act swiftly and prevent potential financial losses. According to Trend Micro’s 2025 online scams survey, three in five Singapore residents have faced online scam attempts, with one in three reporting they had been affected.

Scam Radar leverages global threat intelligence to analyse content and behavioural cues, identifying coordinated scam tactics. This approach allows users to protect themselves from various scams, including fast-money schemes and fake retail promotions. Ashley Millar, Consumer Education Director at Trend Micro, emphasised the importance of a multi-layered approach to online safety, stating, “With Scam Radar, Trend Micro ScamCheck becomes a valuable digital ally, providing practical protection and peace of mind for every digital interaction.”

The survey also highlighted that scams affect all age groups, with the “sandwich generation”—adults aged 35-55—being particularly vulnerable due to time pressures and emotional stress. Despite the risks, many Singaporeans rely on intuition and scepticism, which can falter under stress or manipulation.

Scam Radar’s key features include deepfake detection, SMS filtering, safe browsing, and real-time alerts. The app is available for download on the App Store and Google Play, offering comprehensive protection by utilising global scam data. As scammers increasingly use advanced technologies, tools like Scam Radar are crucial in safeguarding digital interactions.
“`

Clifford Capital, a Singapore-based infrastructure credit platform, has successfully closed a five-year loan facility of up to A$355m for Octa Group. This financing aims to bolster Octa’s growth in providing lower carbon energy solutions, particularly in remote mining operations across Australia.

The funding will support Octa’s expansion in lorryed liquefied natural gas (LNG), renewables, and hybrid power. Octa, backed by global infrastructure investor I Squared Capital, focuses on accelerating the decarbonisation and energy transition for hard-to-abate industries. Clifford Capital is joined by National Australia Bank and Sumitomo Mitsui Banking Corporation as lenders in this facility.

Audra Low, Group Head of Client Coverage at Clifford Capital, expressed enthusiasm for the partnership, stating, “We are delighted to have the opportunity to support Octa in putting in place the infrastructure needed to help their customers gain access to lower carbon energy. This transaction reinforces our continued focus on enabling real economy impact through bespoke infrastructure financing solutions.”

Basil Lenzo, CEO of Octa, highlighted the significance of the funding, saying, “We are thrilled to have the support of Clifford Capital as we enter our next phase of growth. This funding will allow us to accelerate our efforts in domestic lorryed LNG to displace diesel generation including the renewables and thermal hybrid power sector in the region.”

This strategic financing underscores Clifford Capital’s commitment to supporting sustainable energy initiatives and enhancing infrastructure development in key sectors. As Octa progresses with its expansion plans, the collaboration is set to contribute significantly to the energy transition in Australia.
“`

Asia’s trading card game (TCG) community is set for a transformation with the launch of TCG Unite, the region’s first comprehensive marketplace app, debuting on 30 August at SingPost Centre, Singapore. The app aims to address challenges such as fraud and the lack of a unified trading hub by offering a secure platform for buying, selling, and tracking card values.

TCG Unite’s app features a buy-and-sell marketplace, portfolio value tracking, and access to current card pricing data from multiple trusted sources. It also integrates logistics solutions with DHL and SingPost, and plans similar arrangements in Japan and Malaysia to facilitate cross-border trading. Enhanced security measures include Singpass KYC verification for Singapore-based sellers by the end of 2025.

The app’s launch event is expected to draw over 700 attendees, featuring a Card Show with app-exclusive discounts. Mango Teo, Chief Operations Officer of TCG Unite, stated, “As TCG enthusiasts ourselves, we thoroughly understand the pain points faced by various subcommunities. That drives us to make TCG trading more secure and accessible with fairer prices across the board.”

Founded by a team with extensive experience in multinational corporations and entrepreneurial ventures, TCG Unite aims to create a trusted, inclusive, and borderless trading environment. The app not only serves as a marketplace but also fosters community growth through local tournaments, verified giveaways, and educational content across Southeast Asia and beyond.
“`

Solix Technologies and Singapore-based Mindmap Technologies have announced a strategic partnership aimed at advancing enterprise data management solutions throughout the Asia-Pacific (APAC) region. This collaboration seeks to leverage the strengths of both companies to address the growing demand for efficient data management in businesses across APAC.

The partnership will focus on integrating Solix’s expertise in data archiving and management with Mindmap’s proficiency in delivering innovative technology solutions. By combining their resources, the two companies aim to provide comprehensive data solutions that enhance operational efficiency and data governance for enterprises in the region.

The collaboration is expected to address key challenges faced by businesses, including data compliance, storage optimisation, and improved data accessibility. Solix Technologies is renowned for its robust data management platforms, whilst Mindmap Technologies brings a wealth of experience in implementing cutting-edge technology solutions.

This partnership marks a significant step in the ongoing digital transformation efforts within the APAC region, where businesses are increasingly seeking advanced solutions to manage their growing data needs. As the collaboration unfolds, it is anticipated that enterprises will benefit from enhanced data management capabilities, leading to improved business outcomes.
“`

ELFIGO Mobility has launched the Ultra-Lite Carbon V2, the world’s lightest electric wheelchair, weighing only 10 kilograms. This groundbreaking innovation aims to enhance mobility for users by offering a lightweight yet robust solution. The wheelchair’s design incorporates advanced carbon fibre technology, ensuring durability without compromising on weight.

The Ultra-Lite Carbon V2 is set to revolutionise the market for electric wheelchairs, providing users with greater ease of transport and manoeuvrability. Its lightweight nature makes it particularly beneficial for those who frequently travel or require a portable mobility solution. The wheelchair’s compact design allows for easy folding and storage, making it convenient for users and carers alike.

According to ELFIGO Mobility, the Ultra-Lite Carbon V2 is not only the lightest but also one of the most technologically advanced wheelchairs available. The use of carbon fibre, a material known for its strength and lightness, is a key factor in achieving this milestone. The company emphasises that this innovation is a significant step forward in improving the quality of life for individuals with mobility challenges.

The launch of the Ultra-Lite Carbon V2 marks a significant advancement in the field of mobility aids, offering a practical and efficient solution for users worldwide. As ELFIGO Mobility continues to push the boundaries of innovation, the introduction of such lightweight technology is expected to set a new benchmark in the industry.
“`

Entrepreneur Allen Law is set to launch MORROW, a 38,000 sq ft wellness centre in Singapore, marking a significant step in his mission to extend human healthspan. The centre, located at Longevity World on Coleman Street, will open in Q4 2025. Law has invested $156m (S$ 200m) to establish MORROW, with $20m (S$ 20m) allocated for the initial setup and technology.

MORROW aims to make high-quality wellness services accessible beyond the ultra-wealthy, utilising AI and technology to offer personalised health plans. The centre will provide a comprehensive diagnostic assessment to tailor individual health strategies, supported by expert coaching and advanced technologies such as AI wearables and continuous monitoring.

The initiative is part of a broader $8t longevity revolution, identified by UBS as a key transformational opportunity alongside AI. MORROW’s AI platform will not only personalise services but also contribute to global research by collaborating with universities to analyse anonymised lifestyle data.

The leadership team includes experts like Dr Miina Öhman, a specialist in cardiometabolic disease, and Chief Technology Officer Yaron Turpaz, who brings expertise in genomics and precision health. The centre will also feature shared consultations and community engagement activities to empower individuals in managing their health.

Allen Law, also the CEO of MORROW, emphasised the importance of shifting towards sustainable healthcare with a focus on prevention. He stated, “MORROW will promote a model of lifelong health where wellbeing is maintained and restored through science, human connection, and innovation.”

Early bookings for MORROW will commence in September 2025, as the centre prepares to transform health and wellness accessibility in Singapore and beyond.
“`

Connexa Sports Technologies and Singapore-based JuCoin Capital have announced a $500m partnership to establish aiRWA, a next-generation cryptocurrency exchange. This collaboration aims to bridge the gap between traditional finance and the digital economy by focusing on real-world asset (RWA) tokenisation. The agreement also includes plans to launch a new stablecoin, USDR, in Asia.

The aiRWA platform will leverage the strengths of both companies, combining JuCoin’s expertise in digital finance with Connexa’s experience in traditional finance. The exchange will offer deep liquidity, advanced cross-chain technology, and institutional-grade security. It will support multi-asset trading, including non-fungible tokens (NFTs), decentralised finance (DeFi) tokens, and derivatives.

Hongyu Zhou, Chairman of Connexa, stated, “This partnership reflects our shared vision for a more interconnected, efficient, and secure global financial ecosystem.” The initiative aims to enhance the options and experiences for cryptocurrency users by integrating real-world assets with blockchain technology.

In addition to the exchange, the partnership will focus on expanding the stablecoin sector. With the global stablecoin market exceeding $240b, the launch of USDR aims to facilitate cross-border payments and settlements. JuCoin’s Director, Qi Wang, emphasised the importance of regulatory compliance and technological advancement in this endeavour.

The collaboration also includes developing cryptocurrency index funds, blockchain-themed ETFs, and AI-driven financial technology. Both companies are committed to maintaining security, transparency, and regulatory compliance as they explore further innovations in digital finance.
“`