Posts From Fintech News Singapore
ST Engineering, Elevandi to Boost Digital, Cybersecurity Services for Financial Firms
Singaporean multinational company ST Engineering has announced plans to expand its digital and cybersecurity services, focusing on financial services organisations in Southeast Asia and Australia. The initiative aims to support these organisations in their digital transformation by integrating advanced technologies
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MAS Releases Executive Summary of Gen AI Risk Framework for Financial Sector
The Monetary Authority of Singapore (MAS) has wrapped up the first phase of Project MindForge, an initiative aimed at creating a risk framework for the use Generative Artificial Intelligence (Gen AI) in the financial sector. MAS had released an executive
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Chubb Unveils Developer Portal to Enable Testing of Its Digital Insurance Offerings
Chubb Studio has introduced a new developer portal to streamline digital insurance integration for its B2B2C partner companies and their developers. This development was unveiled at the Singapore Fintech Festival. The new Chubb Studio developer portal allows developers to explore an
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Data From Nasdaq-Backed Matter Reveals Negative ESG News Impacts Firms’ Market Value
Matter, an ESG and sustainability data provider backed by Nasdaq, has released new research findings that delve into market reactions to Environmental, Social, and Governance (ESG) news affecting companies. The study, conducted using Matter’s AI tool SDG Signals, examines the
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Alipay+ Now Integrated With Cambodia’s National QR Code KHQR
The National Bank of Cambodia (NBC) and Ant International have partnered to promote efficient and secure cross-border mobile payments via QR code. The partnership, signed at the Singapore Fintech Festival, will enable users of Alipay+ payment partners to easily make
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Philippines and Australia Strengthen Fintech Collaboration with New MOU
Fintech Alliance.ph and the Australian Trade and Investment Commission (Austrade) have signed a memorandum of understanding (MOU) to promote trade and investment across the fintech sector in the region. The partnership aims to strengthen engagement on fintech policy and regulation
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Flagright Rolls Out AI-Powered Forensics Tool to Investigate Financial Crime
Flagright, an AI-powered AML compliance solutions provider for fintechs and banks, has launched the Flagright AI Forensics, a tool for financial crime investigation. This new solution uses AI to streamline the detection and investigation of financial crimes, with features like
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DLT Could Be Game-Changer for High-Value Transactions, Says Oliver Wyman Report
A recent report from the Oliver Wyman Forum, presented at the Singapore Fintech Festival, discusses the significant impact of distributed ledger technology (DLT) on high-value financial transactions, such as payments and investments. This technology, the report suggests, could potentially disrupt
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80% of Financial Firms Employ AI in Fraud Detection, Says Feedzai Report
Financial firms in the Asia Pacific region are taking steps to combat fraud, with 97% of organisations surveyed having some form of awareness programme in place. These finding are from a joint report by Feedzai, a financial fraud detection software
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UBS, SBI, and DBS Pioneer World’s First Blockchain-based Repo Transaction
UBS, SBI, and DBS have successfully completed the world’s first live repurchase transaction (repo) using a digitally issued bond on a public blockchain. This development represents a step forward in integrating blockchain technology into mainstream financial practices. The groundbreaking transaction,
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