Covid19

Experts Warn of Rapidly Evolving Fraud Techniques in the Wake of COVID-19

Like businesses have embraced digitalization to evolve in the wake of COVID-19, fraudsters and scammers too are embracing digital technology to evolve the threat that they pose to businesses and the public, experts from Visa, Rizal Commercial Banking Corporation (RCBC),

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APAC Banks Race to Revitalise Their Digital Transformation Programmes

The second edition of the Fintech and Digital Banking 2025 in Asia Pacific report by IDC commissioned by Backbase, reveals that APAC banks are going back to the drawing board on their digital transformation programs. Digital banking fitness has been

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MAS and ABS Urges Financial Institutions to Manage Emerging Risks of Remote Working

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) jointly issued a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs) amid the COVID-19 pandemic. The “Risk

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Singtel Enables True Business Continuity for Singapore’s Workforce as They Continue to Work-From-Home

While the world continues to contend with COVID-19, with various countries now taking extreme lockdown measures, there is no doubt that many businesses have to maintain their work-from-home mandates. Critical economic sectors like banking, financial institutions, and digital financing platforms

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Singaporeans Encouraged to Hand Out E-Hong Baos for Lunar New Year

The Monetary Authority of Singapore (MAS) is encouraging Singaporeans to use e-hong baos, monetary gifts given in envelopes, during the coming Lunar New Year. This is in line with the safety measures currently in place due to COVID-19. E-hong baos

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Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19

A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises

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COVID-19 Has Given All Fintech Verticals A Boost Except Digital Lending

The COVID-19 pandemic has given the global fintech market a boost, with firms in areas including digital custody, digital asset exchange, digital savings, wealthtech and digital payments recording above-average increases in transaction volume in H1 2020, according to a joint

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Four in Five Fintech Firms in ASEAN Set on Expanding Despite COVID-19

Despite disruptions brought about by the COVID-19 pandemic, four in five fintech firms in ASEAN will push ahead with their expansion plans in the next two years, this is according to a report by UOB, PwC and the Singapore Fintech

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Fintech Sees Strong Growth in South East Asia as COVID-19 Skyrockets Digital Adoption

Despite COVID-19 headwinds, Southeast Asia’s digital economy has remained strong and resilient, adding 40 million people into the online space this year. Owing to the surge in digital adoption by customers and businesses, usage of digital financial services has jumped

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DBS Makes Radical Shifts To Adapt to The Future of Work

DBS announced that it will be rolling out a series of initiatives to adapt to the future of work by addressing the massive changes brought about by COVID-19. These initiatives are a result of insights gathered from research, deep-dive experiments

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