Fiserv has partnered with Trulioo to simplify identity and business checks for clients operating across global markets. Trulioo will provide verification capabilities to support onboarding and underwriting, with the aim of reducing manual work and helping clients make more consistent decisions. These processes can require multiple data sources, documents and review steps to confirm applicants’ identities and establish whether businesses are legitimate. The checks can become more complex as companies expand into new markets. Trulioo’s identity verification tools combine identity data, document checks and fraud signals in configurable workflows. Its business verification tools use global and local data sources to…
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OCBC will offer 6% cashback on dining, groceries, transport and petrol to 365 Credit Card holders who spend at least S$800 a month from 1 November 2026. Monthly cashback will be capped at S$160 under a revised structure that replaces the card’s two spending tiers with a single minimum spend requirement. Previously, cardholders had to spend at least S$1,600 a month to qualify for the S$160 cashback cap. Those spending at least S$800 but below S$1,600 had a cap of S$80. Grocery and transport cashback will double from 3% to 6%, while dining cashback will rise from 5% to 6%…
Vietnam’s MB Bank has signed a MoU with OceanBase to modernise its database infrastructure and strengthen system resilience. The partnership will use OceanBase’s database technology to improve the scalability and performance of the bank’s IT infrastructure. MB Bank will retain full control over data management and daily business operations. The collaboration aims to support the bank’s digital banking services and wider business transformation. Nguyen Xuan Hoc, Deputy CEO of MB Bank, said, “At MB Bank, we continuously invest in strengthening the resilience and modernisation of our technology infrastructure to support sustainable growth and deliver reliable services to our customers. Through…
Business and commercial card programmes accounted for approximately 17% of Visa’s stablecoin-linked card volume in fiscal 2026 to date. Visa released the figures as businesses, financial institutions and payment providers explore stablecoins for moving and managing money. The network supports more than 160 stablecoin-linked card programmes across consumer, business and commercial activity. Payment volume across these programmes has grown nearly 200% year on year. “Businesses aren’t looking for new payment technologies for the sake of innovation. They’re looking for trusted, reliable ways to move money. What’s changing is that stablecoins are increasingly becoming part of the conversation around real business…
Thales has launched cybersecurity tools to help organisations secure AI operations and prepare for quantum computing threats. The company announced the developments at its Cyber Summit in Paris, where it also unveiled a partnership with Google Cloud to help organisations secure agentic AI operations. The partnership will use Thales’ AI Security Fabric, which is designed to protect AI agents, data and interactions throughout the AI lifecycle. Other launches focus on protecting data and software. CipherTrust Data Security Posture Management (DSPM) uses AI to help organisations identify and protect sensitive data and provide immediate, automated mitigation. Sentinel Envelope+ provides software protection…
Jacqueline Loh will take on a new advisory role at the Monetary Authority of Singapore (MAS) while continuing to chair the Singapore Payments Network Board. She will step down as Deputy Managing Director (Corporate Development) to become Principal Advisor in the Managing Director’s office on 1 November 2026. Her responsibilities will include supporting the Managing Director on risk oversight, governance and leadership development. The move forms part of wider MAS leadership changes taking effect on the same date. Loo Siew Yee, currently Assistant Managing Director (Policy, Payments & Financial Crime), will succeed Loh. She will oversee MAS’ corporate functions,…
Backbase has appointed Tikkie founder Roland Booijen as its new Chief Product Officer for Agentic Banking. He will lead product strategy across Conversational Banking, Relationship Intelligence and Customer Operations. The appointment comes five months after Backbase launched its AI-native Banking OS and follows its recent acquisition of Kasisto, which develops conversational and agentic AI for banking. Booijen will set the roadmap for AI agents designed to resolve everyday banking requests from start to finish, giving relationship managers more time to focus on clients. Backbase’s AI-native Banking OS supports banks’ frontline operations across the customer lifecycle, from front-office to back-office. He…
Kazakhstan’s first wave of fintech innovation was driven by banks and incumbents, which now lead consumer fintech through broad super-apps and digital ecosystems. This sector is now moving towards infrastructure, especially banking-as-a-service (BaaS), artificial intelligence (AI), and digital assets, according to a new report by RISE Research and Advisory in partnership with Tarlan Payments, BCC Hub, and Fintech Center, supported by the National Bank of Kazakhstan. Incumbent financial institutions now dominate the digital consumer finance market, with five banks accounting for 69% of banking-sector assets. Banks also cover nearly the entire small and medium-sized enterprise (SME) journey, allowing firms open…
Finastra has launched an AI feature to help banks investigate payment errors and resolve them faster. The company announced Repair Recommendations, a new capability within AI OperatorAssist, at Sibos 2026 in Miami. It provides repair guidance within banks’ existing payment workflows. The cloud-native feature identifies payment discrepancies, analyses their causes and recommends corrections validated against payment scheme and network rules, including Swift, Fedwire, SEPA, UPI and Nexus. Repair Recommendations will complement Global PAYplus and Payments To Go, extending AI OperatorAssist’s existing investigative and analytical capabilities. Barry Rodrigues, EVP, Payments at Finastra, said, “With Repair Recommendations, we’re empowering banks to upgrade…
Maybank Asset Management Singapore is widening access to the tokenised share class of its Singapore dollar money market fund through Synthesys Network. Singapore-headquartered tokenisation infrastructure provider Synthesys developed the network. The share class of the Maybank Money Market Fund was announced in October 2025. Maybank described it as the first Singapore dollar-denominated tokenised share class of a money market fund. It aims to help payment providers, platforms and brokers earn returns on idle Singapore dollar balances and manage cash on-chain. Synthesys Network connects regulated distributors to tokenised investment products through a single integration. It reaches more than 80 distribution channels…
Shoppers in India can now pay through Apple Pay using eligible Axis Bank credit cards. The service supports Visa and Mastercard credit cards issued by the bank for payments in stores, in apps and online. Apple has made it available on iPhone, iPad and Apple Watch, with Mac support coming soon. “India is home to a dynamic and digitally savvy population that continues to embrace a cashless future while expecting the highest standards of security and privacy, and we’re so excited to bring Apple Pay to users in India today. Apple Pay makes everyday payments with a card easy, secure,…
bolttech and Bold Penguin have partnered to develop a joint commercial and personal insurance offering across the US, Europe and Asia. The offering will serve agents, insurers and embedded insurance partners by combining the companies’ distribution platforms and capabilities. Bold Penguin focuses exclusively on commercial insurance through its digital exchange, integrated commercial insurer network and DeX ai data and AI services. bolttech operates in 39 countries across four continents. It provides access to commercial and personal insurance and protection services, alongside AI-enabled workflows and global distribution expertise. The companies also intend to accelerate development of their platforms while each focuses…
The Monetary Authority of Singapore (MAS) has proposed tighter director independence rules for banks and insurers. The public consultation also covers board composition, key appointments and designated financial holding companies. MAS proposes refining the criteria for assessing whether directors are independent from management, business relationships and substantial shareholders. Directors employed by, or with dealings involving, related corporations or affiliates would be deemed non-independent from management and business relationships. Domestic systemically important banks and insurers, as well as full banks, would need larger boards with a majority of independent directors. The changes aim to ensure boards have sufficient expertise and independent…
Temasek will deepen its Middle East presence with planned offices in Riyadh and Abu Dhabi. The Singapore-based investment company expects both offices to open in the first half of 2027, subject to relevant statutory approvals. It also plans to engage with institutions in Qatar and other regional markets to pursue partnership and investment opportunities as countries diversify their economies. The offices will serve as hubs for Temasek and its portfolio companies, some of which plan to share the premises. Dilhan Pillay Sandrasegara, Chief Executive Officer of Temasek Holdings, said, “The Middle East is an important part of Temasek’s global network.…
Yuno has launched an in-person payments offering that brings multi-acquirer routing to physical point-of-sale terminals and mobile devices. The company aims to give merchants greater control over in-store payments, which account for 85% of global consumer payments, according to Worldpay data. Most physical terminals are tied to a single acquirer, limiting merchants’ ability to route transactions based on cost, approval performance or provider availability. Yuno’s offering allows merchants to manage supported online and in-person payments through a single omnichannel platform. Yuno’s POS orchestration system places multiple acquirers behind a single terminal. The platform routes each sale according to the merchant’s…
DBS has appointed Blackstone Singapore Chairman Gautam Banerjee to its group and bank boards effective 1 October 2026. Banerjee also holds the role of Senior Managing Director at Blackstone Singapore and serves on the boards of Singapore Telecommunications and GIC Private Limited. He previously spent more than 30 years at PricewaterhouseCoopers, including nine years as Executive Chairman of PwC Singapore before retiring in December 2012. His past appointments include directorships at Singapore Airlines, Piramal Enterprises and the Defence Science and Technology Agency. He also chaired the Singapore Centre for Social Enterprise. DBS Chairman Peter Seah said, “Gautam brings extensive experience…
StraitsX plans to bring its Singapore dollar and US dollar stablecoins to Monad in early 2027. The company expects XSGD to become the network’s first natively issued Singapore dollar stablecoin. Its launch alongside the US dollar-denominated XUSD remains subject to technical, regulatory and compliance requirements. Monad is a Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM). The integration would make both stablecoins available to developers, businesses and institutions on the network. StraitsX also plans to explore cross-border payments, settlement and card programmes using the stablecoins. Any such products or services would be subject to further assessment and applicable…
By 2031, India’s digital payments ecosystem is projected to reach approximately 702 billion transactions annually valued at more than INR 1,086 trillion (US$11.3 trillion), according to estimates by PwC. These figures represent a 2.6-fold increase in volume and a threefold rise in value over five years, with annual growth of 21% and 25% between 2026 and 2031. According to the research, this growth will be supported by payment habits increasingly centered on digital rails, product innovations, and deeper system links, with the Unified Payments Interface (UPI), Bharat Connect, and credit cards leading much of the momentum. Bharat Connect poised for…
UOB has enhanced financing support and added prototyping workshops to help SMEs put AI to use across their businesses. The changes form part of AI Ready 2.0, the expanded programme led by UOB FinLab and developed in partnership with the Infocomm Media Development Authority (IMDA). The programme aims to help SMEs overcome resource and expertise gaps when moving from exploring AI to implementing solutions. Enhanced financing support will help technology vendors deliver AI solutions and give SMEs resources to develop and scale applications, strengthen capabilities and upgrade their technology infrastructure. Hands-on workshops will help businesses identify opportunities, validate use cases…
Great Eastern insurance plans for travel and motor coverage are now available on Shopee in Singapore through a partnership with Monee. Travel insurance covers trip cancellations, flight delays, lost baggage and medical incidents related to selected pre-existing conditions, subject to policy terms. Selected plans also cover adventure activities such as snowboarding and scuba diving. For car owners, the motor and electric vehicle (EV) plans provide dedicated claims channels and flexible repair options at a workshop of their choice. Personal accident coverage is up to S$120,000 for the insured and up to S$50,000 for authorised drivers and passengers, with medical expense…