Author: Fintech News Singapore

DBS and Stripe are teaming up to help Asian businesses accept payments and manage funds across international markets. The partnership combines DBS’ pan-Asian banking network with Stripe’s global financial infrastructure. Stripe will use DBS’ digital banking and money movement services to help merchants collect payments across borders. The bank’s cash management services will also help Stripe manage liquidity across its corporate entities as the company expands in Asia and develops into a full-stack financial infrastructure provider. DBS will explore using Stripe’s global platform and embedded finance services to extend its cross-border network, helping institutional clients reach a wider international customer…

Revolut has launched its first stablecoin as part of plans to expand its cryptocurrency services. The euro-denominated token, called EURR, is designed to maintain a value of €1. It is issued by payments infrastructure provider Bridge and integrated into the Revolut app. Eligible customers can use EURR across supported crypto services, external wallets and blockchain networks. The token offers a euro-based alternative to stablecoins pegged to the US dollar. Revolut will begin rolling out EURR in phases this month, starting with customers in Denmark, Poland and Portugal. The company plans to expand availability to other markets and introduce stablecoins denominated…

Nacha has named Finastra a preferred partner for ACH processing, ISO 20022 and fraud controls. Finastra provides ACH processing through its Global PAYplus and Payments To Go platforms. The systems are designed to help US financial institutions move from traditional batch processing to a more scalable model while supporting Same Day ACH. Nacha’s Preferred Partner Program is open to technology providers whose products support its strategy for advancing the US ACH Network. “The ACH Network, including Same Day ACH, continues to show great strength, as we saw in the first half of 2026, and Nacha believes there is much room…

Google Cloud is taking Gemini deeper into banking with AI agents built for financial workflows. Gemini Enterprise for Financial Services is available in preview for capital markets and corporate banking. CME Group and Deutsche Bank are among the institutions using the platform. The platform combines a Google-managed Financial Research agent with more than 50 specialised skills and 13 data connectors. It can produce reports using market data, news feeds, regulatory filings and internal databases, with citations, confidence scores and data snapshots for auditing. “Financial professionals are looking for an AI platform that doesn’t lock them into any one model or…

StashAway has acquired digital wills platform MakeGoodwill as it moves into legacy planning. MakeGoodwill allows Singapore residents to create a will online through a series of guided questions. The process takes about an hour. To make the will legally valid, customers must print and sign it in the presence of two independent witnesses. MakeGoodwill will continue to operate as a standalone brand following the acquisition. “Our clients spend years building wealth for a better future, often with their families in mind. Yet many never plan how to protect that wealth and pass it on. Bringing MakeGoodwill into StashAway means we…

DBS will offer up to S$3 PayLah! cashback at participating hawkers and heartland businesses every Saturday from 29 August 2026. The campaign will run for 17 Saturdays until 19 December, five weeks longer than its previous edition. Around 2.7 million rewards will be available, about 40% more than last year. The first 160,000 customers on each eligible day can receive the cashback when they scan to pay with DBS PayLah! at participating hawker stalls, coffee shops, wet markets and heartland shops. The offer forms part of the DBS Saturday Savings programme under the bank’s S$10 million support package. The programme…

Flagright has joined Nacha’s Preferred Partner programme for ACH compliance, fraud monitoring, and risk and fraud prevention. Nacha governs the US Automated Clearing House (ACH) Network, which supports electronic bank payments such as direct deposits and direct payments. Flagright’s platform monitors incoming and outgoing payment activity for unusual patterns. It assesses transaction and account behaviour alongside payment amounts and the histories of customers and counterparties. Financial institutions can configure rules to identify rapid fund movements, unusual payment patterns, possible account takeovers, money mule activity and abuse involving multiple accounts. Machine learning also helps detect unexpected behaviour and prioritise alerts according…

Stripe has added six Asian payment methods for businesses using its platform, with ShopeePay and SPayLater set to follow across Southeast Asia in Q4 2026. Businesses can now accept cross-border payments through Samsung Pay, MoMo, GCash, Touch ’n Go, PromptPay and TrueMoney. The expansion comes as Stripe marks 10 years in Singapore. More than 80,000 businesses and sole proprietors in the country now use Stripe, with over six in ten selling internationally. Businesses Can Sell in 195 Countries Without Local Entities Stripe has also made Managed Payments available to digital businesses selling to customers in 195 countries without establishing local…

OCBC and North East CDC will provide 165,000 free warm meals to 1,000 lower-income households over one year from September 2026. The two organisations have committed a combined S$500,000 to Warm Meals @ North East, with support from the Ministry of Social and Family Development (MSF). More than 3,000 residents across Tampines, Punggol and Pasir Ris-Changi are expected to benefit. Koh Ching Ching, Head of Group Brand and Communications, OCBC, said, “No family should have to worry about where their next warm, wholesome meal will come from. That is why partnering MSF and North East CDC to support lower-income families…

Revolut has tapped former GXS Bank CEO Charles Wong and two other senior leaders for its new Singapore advisory board. Wong joins former Minister of State Teo Ser Luck and corporate governance specialist Yvonne Aw on the three-member panel. They will advise the fintech’s local leadership on regulatory engagement, business strategy and sustainable growth as it expands its products and workforce in the market. Raymond Ng, CEO of Revolut Singapore and Southeast Asia, said, “We are strengthening our local operating model to ensure robust oversight as our business grows. Ser Luck, Charles and Yvonne bring deep expertise across public policy,…

Visa is working with Nium to explore seven-day stablecoin settlement through Singapore’s BLOOM initiative. Led by the Monetary Authority of Singapore (MAS), BLOOM stands for Borderless, Liquid, Open, Online and Multi-currency. It brings together financial institutions and other industry participants to test faster and more programmable cross-border payments. Maybank Singapore also recently joined BLOOM to help develop common standards and infrastructure for tokenised cross-border payments. Nium is Visa’s first pilot partner under BLOOM. Payment settlements typically take place on business days, but the companies will explore settlement on weekends and public holidays. The pilot will use regulated stablecoins backed by…

Clicx Bank has resumed digital lending after a pause of nearly three weeks with stricter checks for applicants. The Bangkok Post reported that Thailand’s first virtual bank reopened applications on 21 August. It had stopped accepting them on 2 August after unexpectedly high demand caused processing delays. The pause came one day after Clicx introduced the lending service. The bank later warned against deliberate defaults following social media posts encouraging borrowers to avoid repayment. Suchot Piamchol, Senior Director for Modelling Supervision and Risk Assessment at the Bank of Thailand, indicated that Clicx strengthened its screening after discussions with the regulator.…

DBS will draw on its experience providing AI training to 40,000 employees to help build AI skills across Singapore’s financial sector. The bank has signed a MoU with the Institute of Banking and Finance Singapore (IBF) covering workforce development, job redesign and young talent development. DBS described it as IBF’s first such agreement with a financial institution. The organisations will develop IBF-recognised programmes covering AI governance, responsible AI, prompt engineering and practical applications. The 40,000 employees trained by DBS globally include 14,800 in Singapore. They will also test workforce initiatives drawing on IBF’s Job Redesign and Reskilling Career Conversion Programme.…

Fasset has raised US$68 million in a Series C funding round led by Japan’s SBI Group, valuing the stablecoin neobanking platform at US$1 billion. The investment expands Fasset’s existing relationship with SBI Group, which includes a partnership with its international remittance arm SBI Remit. The remittance network supports bank account transfers to around 200 countries. SBI Group views Fasset as a bridge between Japan and high-growth markets. The companies plan to develop stablecoin settlement infrastructure across Asia Pacific, the Middle East and Africa. The round follows a US$51 million Series B completed in May 2026, bringing Fasset’s total funding this…

Leaders from UOB, Temasek, Enterprise Singapore and the Economic Development Board (EDB) have joined the Singapore Fintech Association’s (SFA) advisory council. The four members will serve a two-year term from 1 August 2026 to 31 July 2028. They are Pee Beng Kong, EVP at EDB; Wong Zeng Yi, Assistant MD at Enterprise Singapore; Pradyumna Agrawal, MD of Investment at Temasek; and Lee Zhu Kuang, MD and Group Head of UOB’s Innovation Group. SFA formed the Strategic Advisory Council in 2024 to provide guidance on trends, opportunities and national priorities affecting fintech and financial services in Singapore and the region. It…

DBS nearly tripled the number of millennial retail customers moving to DBS Treasures in the first half of 2026. The increase comes as customers in their 30s and early 40s seek wealth advice and begin investing earlier amid longer lifespans and growing financial commitments. The trend extended beyond millennials. Overall, the number of retail customers moving to DBS Treasures rose 180% year-on-year in the first half of 2026. Investment balances among customers who joined DBS Treasures in 2025 have since grown nearly sixfold. “Starting earlier and staying invested over the long run gives them more time and more options. At…

Chocolate Finance is giving Singapore businesses a new way to earn returns on their spare cash. Chocolate Business is a cash managed account that keeps funds accessible without a fixed tenure. It is not a corporate bank account or fixed deposit. Companies can currently earn 1.5% per annum on their first S$300,000 during the qualifying period, supported by the Chocolate Top-Up Programme. Amounts above that can earn up to 1.5% per annum. Funds can be added through FAST or PayNow with no minimum or maximum deposit requirement. Withdrawals can be requested at any time without charges or penalties and typically…

DBS is expanding its tokenised finance business after handling about S$10 billion in tokenised payments over two years. Investment in the area could match or exceed what the bank spends on conventional payment and custody systems within two to three years, according to The Business Times. DBS has not disclosed the current split and plans to increase funding as adoption grows. Lim Soon Chong, Group Head of Global Transaction Services at DBS, expects the bank to scale its commitment in line with the pace of adoption. Digital assets under custody rose by between 50% and 70% in 2025. The number of…

Wise customers can now scan and pay at LankaQR merchants across Sri Lanka. The service is available to Wise customers from the UK, Europe, Australia, New Zealand, Singapore, Malaysia and Brazil while visiting the country. Operated by LankaPay, LankaQR is Sri Lanka’s national interoperable QR payment network connecting participating financial institutions and merchants. LankaPay enabled the service through its existing partnership with Alipay+, giving international visitors another way to pay local merchants. Channa de Silva, CEO of LankaPay announced the rollout on LinkedIn, “This will be a significant boost to the existing partnership between LankaPay and Sri Lanka Tourism Development…

Liquid Group and PagBrasil have launched Phase 1 of their cross-border QR payment partnership connecting Liquid Group’s RoamQR network to Brazil’s Pix system. Users of participating RoamQR-enabled banking apps and digital wallets can now scan standard Pix QR codes at merchants across Brazil, using the same apps they already use at home. The launch marks RoamQR’s first payment corridor into Latin America, extending the network beyond Asia. It follows a Memorandum of Understanding signed at the Singapore FinTech Festival in late 2025. After which Liquid Group and PagBrasil completed a commercial agreement and technical integration to bring the partnership live.…