Posts From Johanan Devanesan

How Will MAS New Amendments Impact Financial Crime Enforcement

The Monetary Authority of Singapore’s (MAS) legislative reform initiative, encapsulated in the Financial Institutions (Miscellaneous Amendments) Bill (FIMA Bill), signifies a strategic overhaul aimed at enhancing the regulatory and enforcement framework governing Singapore’s financial sector. This move is indicative of

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Simplifying Global Money Movement with Visa Cross-Border Solutions

In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it

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Unpacking Cross-Border Trade and Supply Payments for Singapore SMEs

In an increasingly globalised marketplace, small and medium-sized enterprises (SMEs) in Singapore are recognising the imperative need to expand beyond domestic confines, aspiring to capture international markets and forge global supply chains. This ambition, however, hinges on the capability to

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Global Funding Trends Indicate a Rebalanced Fintech Sector in 2024?

The year 2023 marked a pivotal moment for the fintech industry, with the prevailing global funding trends encapsulating a period of introspection and recalibration amidst a backdrop of economic fluctuations, including notable bank failures and precipitous cryptocurrency downturns. This era,

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5 Top Payment Trends Impacting Asia in 2024

The Asian payment landscape is evolving rapidly in 2024, driven by advancements in technology, changing regulatory frameworks, and shifting consumer behaviours. This evolution presents a fascinating panorama of trends that are set to redefine the way financial transactions are conducted.

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Here Are The Top 7 Fastest Growing Fintechs in Singapore

In the global financial landscape, Singapore has carved out a niche for itself as a thriving hub of fintech innovation. The annual list curated by The Straits Times and German research house Statista, showcasing the 100 fastest-growing fintechs in Singapore,

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5 Ways Financial Services Harness Generative AI in Asia

The emergence of generative artificial intelligence (AI) represents a pivotal moment in the technological evolution, significantly altering the digital financial services landscape in the Asia Pacific region. This innovative type of AI is adept at creating new content, from text

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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. However over the past year, the fintech sector in Singapore, reflecting global trends, is currently experiencing a significant funding slowdown.

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5 Things to Know About SGQR+, Singapore’s Unified Payments QR

In Singapore, micro and small merchants (MSMEs) are responding to the ever-increasing consumer demand for cashless options, and are swiftly embracing QR payment solutions. Looking ahead, the Monetary Authority of Singapore (MAS) has introduced the SGQR+, an innovative concept aimed

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