Blog

Three Reasons Why APIs Are Driving Fintech’s Stellar Growth

Startup funding is currently flowing at an unprecedented rate, and fintech is turning out to be one of the biggest beneficiaries. In the first quarter of 2021, Singaporean fintech startups saw a surge in funding of over 350% compared to

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Fixing Your Firm’s Technical Debt Burden: Webinar by OutSystems

Enterprise software development platform OutSystems will be hosting an interactive discussion on “Best Practices for Avoiding and Fixing Technical Debt,” with a panel of accomplished speakers on board. Technical debt refers to resources and costs that will have to be

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MAS Appoints Chief Sustainability Officer to Helm New Sustainability Group

The Monetary Authority of Singapore (MAS) announced the formation of a new Sustainability Group and the appointment of Dr Darian McBain as its Chief Sustainability Officer, with effect from 1 October 2021. The new Sustainability Group helmed by Dr McBain

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Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the

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DPM Heng Swee Keat Reiterates Mission to Nurture Fintech Talents With AIDF

The Asian Institute of Digital Finance (AIDF) has been officially launched in Singapore by Heng Swee Keat, the Deputy Prime Minister and Coordinating Minister for Economic Policies. The Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and the

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A Guide on Mitigating Cloud Adoption Risks Based on MAS’ Advisory

Although organisations across many sectors have accelerated the adoption of cloud environments, the financial institutions (FIs) have been rather reluctant in migrating their services to the cloud. Core transaction processing and other mission-critical tasks are still running on legacy on-premises

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GBG Joins Forces With SEON to Offer Enhanced Fraud Prevention Solutions

GBG, a global digital identity and fraud solutions provider, has announced a partnership with SEON to enhance fraud prevention solutions for fintechs and digital banks in the Asia Pacific region. The partnership with SEON enables GBG to increase effectiveness in

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StanChart Signs Deal With NTUC Enterprise to Set Up Its Digital Bank in Singapore

Standard Chartered announced that it has formed a digital banking joint venture with the social enterprise division of the National Trades Union Congress known as NTUC Enterprise. The SC Bank Solutions will be Standard Chartered’s second separately licensed digital bank

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Vietnamese Incumbents Tap Fintech Partnerships in Digital Banking Push

Vietnam’s young and digitally-savvy population, low rates of formal financial inclusion and high smartphone ownership and Internet penetration, make the country’s banking and financial services industry ride for disruption. Against this backdrop, incumbents are teaming up with fintech companies and

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Binance Ceases Singapore Offerings Following MAS’ Investor Alert

Singaporean crypto exchange platform Binance announced in a blog post that it will cease to offer certain product and service offerings several days after the Monetary Authority of Singapore added the company to its investor alert list. The company said

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