Posts From Johanan Devanesan
Measuring the True Cost of Failed Payments
In a post-pandemic economy that has become truly reliant on digital technology to connect individuals and business partners globally without borders, digital payments that are fast, reliable and safe are critical. And the ramifications when some of these payments failed
Read More
How Data and Tech Can Mitigate Risks of Bank Failures Like SVB
The recent collapse of a major bank affiliated with financing tech companies, and the subsequent failures of two other American banks in under two months, has sent shockwaves through the global economy, with effects felt as far as Europe and
Read More
Are Major Banks in Singapore Realising Their Digital Transformation Agendas?
Singapore, renowned as a financial hub and the prominent digital economy in Southeast Asia, is spearheading digital transformation in financial services, including its incumbent banks. While traditional banks have been sluggish to modernise in the past, this recent digital transformation
Read More
A Deep Dive Into the Fintech Portfolio of Singapore’s GIC
Singapore’s sovereign wealth fund, GIC Pte Ltd, remains optimistic about the growth potential within the fintech sector, even in the face of a downturn that has seen startup valuations tumble as investors become increasingly wary of riskier ventures. Chris Emanuel,
Read More
How Much Does It Cost to Build a Digital Bank in ASEAN?
In the face of a gloomy international economic forecast and a dwindling liquidity pool, profitability has become a pressing concern for the chief executive of any digital bank emerging in the ASEAN region. Digital banking is in its nascent stages
Read More
Temasek Denies Crypto Firm Array’s Investment Claims
Singapore’s sovereign wealth fund, Temasek, has refuted claims that it made an investment in Array, a firm specialising in algorithmic cryptocurrency development. In response to recent news articles and a tweet from Array regarding an alleged investment by Temasek, the
Read More
US Treasury, MAS Join Forces to Bolster Cross-Border Cybersecurity Coordination
The US Department of the Treasury (Treasury) and the Monetary Authority of Singapore (MAS) recently concluded a cross-border cybersecurity exercise, which took place between 25 and 27 April. The exercise aimed to assess and fortify existing information exchange and incident
Read More
Visa is Talent Hunting For ‘Ambitious Crypto Product Roadmap’
Payment titan Visa is actively seeking senior software engineers to support its “ambitious” plans for a crypto product roadmap, with the goal of driving mainstream adoption of public blockchain networks and stablecoin payments. Cuy Sheffield, Head of Crypto at Visa,
Read More
Alipay Transactions Nearly Double in Singapore, Spurred By Surging Chinese Tourists
Alipay, the Ant Group-owned digital payment and service platform, revealed that Chinese tourists in Singapore nearly doubled their total transaction value via its app in Q1 2023, compared to Q4 2022. This surge in growth was attributed to China reopening
Read More
Deconstructing the Evolution of the Fintech Sector in Asia
Since the term ‘fintech’ was first coined in the early 2010s, the financial technology sector and the ecosystem around it has undergone a massive evolution. A fluctuating economic climate has seen some startups go public, while others have gone under
Read More