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Most Singapore Government SMSes Will Come from ‘gov.sg’ Starting July

The Singapore government is set to introduce a unified SMS Sender ID, gov.sg, for all its agencies starting 1 July

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iPiD’s Payment Verification Solution Now Offered on Microsoft Azure

iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available

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The Transformative Power of Cards-as-a-Service in Revitalising Credit Cards

In the rapidly evolving digital landscape, traditional credit cards face the challenge of staying relevant amidst the rise of digital

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New OCBC Ignite Initiative to Boost Polytechnic Graduates in Banking Careers

OCBC has introduced OCBC Ignite, an accelerated banking career programme aimed at benefiting 500 polytechnic students over the next three

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DBS Aims for S$500 Billion in Wealth Assets by 2026

DBS Group is targeting S$500 billion (US$369.7 billion) in assets under management for its wealth business by the end of

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Paxos Announces 20% Staff Layoffs Despite Robust Financial Position

Stablecoin issuer Paxos has announced a 20% workforce reduction, affecting about 65 employees. Despite the layoffs, the company reportedly remains

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BIS, MAS Launch Project Viridis for Financial Authorities to Monitor Climate Risks

The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have  developed a blueprint –

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Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. Multilateral

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Lexasure and OneDegree Global Unveil New Cyber Insurance Platform

Lexasure, a reinsurance and insurtech solutions provider, and OneDegree Global, known for its IXT insurtech solutions and cybersecurity services, have

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Grace Park Joins Prudential as Chief Data, Analytics and AI Officer

Prudential plc has announced the appointment of Grace Park as its new Chief Data, Analytics & AI Officer, effective 7

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UOB and EnterpriseSG to Streamline Sustainability Financing for SMEs

UOB and Enterprise Singapore have launched the Sustainability-Linked Advisory, Grants and Enablers (SAGE) programme, targeting small and medium-sized enterprises (SMEs).

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Appian and Swiss Re Streamline Life Insurance Underwriting With AI

Appian, a software company that automates business processes, and Swiss Re have expanded their partnership to streamline the life insurance

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Singapore, Hong Kong to Exchange Info and Research on Scam Tactics

The Infocomm Media Development Authority (IMDA) of Singapore and Hong Kong’s Office of the Communications Authority (OFCA) have signed a

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Bank of Thailand to Test Programmable Payments in Enhanced Sandbox

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT), announced

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Regtech Firm Hawk Extends Series B With Investment From Rabobank

Hawk, a German regtech company with a presence in the APAC region, has announced the extension of its Series B

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Currencycloud Powers OPAL to Simplify Cross-Border Payments for SMEs

OPAL, a neobank startup, has been steadily growing in the financial hub of Singapore since its inception in 2019. Licensed

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Ripple Acquires Standard Custody, Names Jack McDonald as Stablecoin Lead

Ripple, a provider of enterprise blockchain and crypto solutions, has finalised its acquisition of Standard Custody & Trust Company, a

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Top Funded Fintechs in Singapore 2024

Singapore is often considered fertile ground for startups and in particular fintechs to raise funds. In the first half of

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Indonesian Digibank Jenius to Offer Gamified Banking

PT Bank BTPN’s flagship digital bank, Jenius, has teamed up with Perx Technologies, a SaaS lifestyle marketing platform provider, to

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Richard Maloney to Lead UOB Thailand as CEO Starting July 2024

UOB Thailand has announced Richard Maloney as its new Chief Executive Officer (CEO), effective 1 July 2024. Maloney brings 40

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29 Fintech Leaders Make Forbes 30 Under 30 Asia List This Year

Forbes has released its annual 30 Under 30 Asia list, recognizing the entrepreneurs, artists, athletes, and changemakers who are leading

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Singapore Authorities Issue Warning on Akira Ransomware Threat

The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF), and the Personal Data Protection Commission (PDPC) have

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Eastnets and iPiD Join Forces to Improve Global Payment Accuracy, Fraud Prevention

Eastnets, a global compliance and payment solutions provider, has entered a strategic partnership with iPiD, a beneficiary name and bank

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Juniper Reveals 5 Core Banking Vendors Leveling the Playing Field for Incumbents

Temenos, FIS, Mambu, Finastra, and Tata Consultancy Services have been identified as the top five core banking system vendors poised

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StanChart Launches New Investment Company for High-Net-Worth Clients

Standard Chartered Bank has created a new investment company in Singapore called Standard Chartered Funds VCC (SC Fund). This new

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JULO Projects US$650 Million in Loans, Pursues Neobank Ambitions

Indonesian fintech company JULO reported that it is on track to disburse over US$650 million in loans by the end

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Fintech Drives Financial Institutions to Rethink Outsourcing Strategies

In this era of technological innovation, companies are increasingly entrusting critical services to external partners. From handling operations to managing

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Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

In recent years, the banking sector in the Association of Southeast Asian Nations (ASEAN) has witnessed a significant surge in

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Singapore’s ANEXT Bank Reports Doubling of Its MSME Clients

ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, has reported a substantial increase

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Indian Fintech Fibe Secures US$90 Million in Series E Funding to Fuel Expansion

Fibe, an Indian consumer lending fintech formerly known as EarlySalary, has raised US$90 million in a Series E funding round.

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Latest Industry Reports

The Rise of the Gaming Industry: A Segment That Fintech Cannot Ignore

Gaming has emerged as a dominant force in the bustling landscape of global entertainment, transforming from a niche hobby into

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13 Asia Pacific Firms Make Top 100 Cross-Border Payment Companies List for 2024

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the

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Here Are 2024’s Top VC Funding Rounds So Far

In Q1 2024, fintech venture capital (VC) funding experienced a notable decline, dropping by 16% compared to the previous quarter,

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From Compliance to Competitive Edge: The Open Finance Revolution in Asia

Asia’s financial sector is undergoing an evolution that promises to reshape the foundations of banking. At the heart of this

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Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times

In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista,

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Airwallex Report: Singaporean Shoppers Demand Payment Flexibility, Transparency

While concerns of volatile macroeconomic conditions persist into 2024, there are signs that point to continued growth in global cross-border

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Over Half of Surveyed Singapore Users Own Cryptocurrency

In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for

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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also

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Project Savannah, a Blueprint to Simplify ESG Integration for Small Businesses

In an era where sustainability is not just a preference but a necessity, the dialogue around environmental, social, and governance

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Are APAC Businesses Ready? Assessing Digital Preparedness in Finance

In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation

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Singapore Made Up 59% of ASEAN Fintech Deals in 2023 Amid Funding Winter

In the recent past, Singapore’s fintech sector has emerged as a beacon of innovation and growth within the ASEAN region.

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Top 10 Banking Trends in 2024 that Will Define the Sector

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving

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BNPL Profitability Remains Elusive Despite Rising Adoption

Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for

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Crypto Hack Volumes Slashed by 50% in 2023, Says TRM Labs

There has been a significant drop in crypto hacks in 2023, with a more than 50% decrease compared to the

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Singapore Outpaces Australia, US, and UK in Generative AI Trust, FIS Study Shows

A recent study by global payments service provider FIS found that Generative AI in Singapore exhibits higher rates of trust

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