Blog

Ant International and BNP Paribas Partner to Enhance Cross-Border Payments in Europe

Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers. The partnership was formalised through a Memorandum of Understanding signed in Zurich by Douglas Feagin, President of Ant International, and

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AIA Singapore Appoints Afees Ashroff as New CTO

AIA Singapore announces the immediate appointment of Afees Ashroff as its new Chief Technology Officer (CTO). He will report to Wong Sze Keed, AIA Singapore’s Chief Executive Officer. “I am delighted to welcome Afees to the leadership team as Chief

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Temasek-backed Partior Ledger Expands Following US$60M+ Series B Investment

Partior, a fintech known for its global unified ledger based interbank rails for real-time clearing and settlement, has announced the first close of an over US$60 million Series B funding round led by Peak XV Partners, with participation from Valor

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Maybank Thwarts S$1.2 Million in Scams with Singapore Police

With help from the Singapore Police Force, Maybank has intervened in 19 scam cases from March 2023 to June 2024, preventing the loss of S$1,215,600. One notable case occurred on 2 July at Maybank’s Choa Chu Kang branch, a 75-year-old

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Sumsub Bolsters Presence in Southeast Asia with New Partnerships

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia. These partnerships aim to enhance fraud prevention efforts

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No Immediate Plans for Crypto Listings at SGX, Says CEO

The Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, Chief Executive Loh Boon Chye told Reuters, citing the lack of a mature ecosystem to support such a move. In an interview at the Reuters

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Fave Singapore Gets In-Principle Approval for Payments License

Fave Singapore, operating under the registered entity Beeconomic Singapore Pte. Ltd. and part of the Pine Labs group, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Fave

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BIS to Address Data Gaps in Global Value Chain Monitoring with Project Insight

The Bank for International Settlements (BIS) is set to launch Project Insight, an initiative aimed at enhancing the monitoring of global value chains (GVCs) through advanced data analysis. This project seeks to address existing data gaps and improve policymakers’ ability

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DBS’ Crypto Arm Reports Tripling Trading Volume, Explores Stablecoin Listings

DBS Digital Exchange (DDEx) has experienced significant growth in the first five months of 2024, with the trading volume of digital payment tokens nearly tripling compared to the same period in 2023. The number of active trading clients increased by

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Outdated Payment Systems Eroding Profit Margins Across Travel Industry

A new report by global payments firm Airwallex and Skift Research reveals that 66 percent of travel companies worldwide are experiencing reduced profit margins due to outdated payment systems. The study indicates that 90 percent of these companies plan to

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