Archive
Bring Colour Back to the South East Asian Payments Landscape
For the global banking and finance industry, Southeast Asia (SEA) has established itself as a key region in terms of innovation and growth opportunities in real-time payments. Underlying this is the fact that SEA’s internet economy is projected to triple
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NETS Partners Singtel for Cross-Border Digital Payment Services
Network for Electronic Transfers (NETS) plans to accelerate the development and delivery of its digital cross-border payment services, leveraging Singtel’s ConnectPlus Managed Network and Amazon Web Services’ (AWS’) cloud computing platform. This collaboration will pave the way for Singaporeans to
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Will AI Trigger Massive Job Losses in Financial Services?
In financial services, the adoption of artificial intelligence (AI) is growing rapidly, bringing in a plethora of opportunities for customer experience and personalization. Yet, the question of regulation still lingers and must be addressed to tackle the potential risks of
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Digital Risks Of Mobile Apps Are On The Rise
Recently, a security firm looked into the apps available on Google Play Store and the App store stated that over 85% of those apps violates at least one security risk. About half of these applications had insecure data storage or
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DBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution
Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In
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TransferWise and Mastercard Further Enhance Their Global Partnership
Mastercard and TransferWise have announced an expanded partnership to enable the issuance of cards in any market around the world where Mastercard is accepted and TransferWise is licensed for its multi-currency borderless account. TransferWise has been working with Mastercard since the
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GBG Invests US$7M in CredoLab’s Series A Funding Round
GBG, an identity data intelligence specialist, announced that it has led the US$7 million Series A investment round in CredoLab, a developer of bank-grade digital risk scorecards. Established in Singapore in 2016, CredoLab is said to have approved over US$2
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Rapyd Partners ERA and LytePay to Launch E-Wallet for Real Estate Salespersons
Rapyd, a Fintech-as-a-Service company, and LytePay, a Singapore-based financial solutions provider for those who are self-employed, have announced their collaboration to launch a business wallet with a complementary Mastercard payment card for local real estate salespersons of ERA Singapore. Real
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How to Adopt the Enhanced Version of 3-D Secure for Improved User Experience
Changing customer expectations, the ubiquity of mobile phones and an evolving regulatory landscape are rapidly making the 3D Secure (3DS) standard obsolete. To address customers’ demand for a frictionless e-commerce experience, market participants must adopt 3DS 2.0, experts say. What
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DBS Ex-Chief Innovation Officer Neal Cross Recounts His Journey from Banker to Entrepreneur
In just two years of commercial operation, Australian wealthtech startup PictureWealth has grown to more than AUD$2 billion in funds under advice, annualized revenues of AUD$20 million, and a client base of over 40,000 customers. This year only, the fast-growing
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