Posts From Fintech News Singapore
Cambodia’s New Fintech Policy Revealed
The Cambodian government unveiled last month the Cambodia Financial Technology Development Policy 2023-2028, a new strategy designed to promote financial innovation, maintain financial stability and enhance financial inclusion. The launch ceremony was held on October 04 alongside a workshop presided
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Banking the Unbanked: KBZPay and Financial Inclusion
Forecasting the necessity of payments in tech enabled economies, JP Morgan’s Global Head of Payments Takis Georgakopoulos believes that “payments are eating the world, and anybody who doesn’t recognize that and adapt will not survive”. In KBZ Bank’s quest for
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2023 Singapore Fintech Festival: All You Need to Know
Singapore’s annual fintech festival is returning this year from November 15 to 17, 2023, promising to bring together tens of thousands of participants to explore the evolving fintech landscape and discuss how emerging technologies are set to transform the financial
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STACS Responds to Regulatory Challenges by Upgrading ESGpedia Platform
STACS, an ESG data and technology solutions company, has announced upgrades to its ESGpedia platform. The upgrades offer digital tools to help businesses comply with the increasing ESG regulatory requirements across Europe and Asia. Starting in 2024, the European Sustainability
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Are Digital Banks the Catalyst in Making Embedded Finance the New Norm in Asian Finance?
In a dynamic and ever-changing financial landscape, the concept of embedded finance has emerged as a powerful force shaping the future of financial services. During a recent fireside chat, a panel of experts delved deep into the intricacies of embedded
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JCB and Stripe Expand Partnership to Singapore, Hong Kong
Japanese credit card company JCB International and Stripe, a financial infrastructure platform for businesses, are expanding their partnership to Singapore, Hong Kong, and Europe. This collaboration will allow JCB cardmembers in those regions to make online payments with Stripe merchants.
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Fave to Participate in MAS-Led SGQR+ Pilot
Fave, a fintech platform providing QR payments to restaurants and retailers in Southeast Asia and India, will be a part of the SGQR+ pilot led by the Monetary Authority of Singapore (MAS). SGQR+ is a more interoperable version of the
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DBS Apologises for Service Disruptions, Sets Aside S$80 Million for System Resiliency
DBS had issued an apology for the series of digital banking disruptions this year and outlined a comprehensive roadmap to improve its technology resiliency. The bank said it is addressing the issues at hand with utmost priority and has taken
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Funding Societies Raises US$7.5 Million Debt Funding from Norfund
Southeast Asian SME digital finance platform Funding Societies secures US$7.5 million in debt funding from Norfund, a Norwegian Development Financial Institution (DFI). This is the first debt transaction by Norfund with a fintech SME lender in Southeast Asia. Through this
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DBS Faces 6-Months Freeze on IT Changes, New Ventures, and Branch/ATM Reduction
The Monetary Authority of Singapore (MAS) has imposed a six-month pause on non-essential IT changes at DBS Bank and prohibited the bank from acquiring new business ventures in response to recent disruptions to its digital banking services. DBS had experienced
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