Archive
UOB Ties up With Visa’s New API to Simplify Digital Payments
United Overseas Bank (UOB) has teamed up with Visa to tap its new application programming interface (API), claiming to be the first bank in the world to do so. This partnership will enable customers to add their Visa credit and debit
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Connecting People With Finance: Empowering the Financial Industry in the Intelligent Mobile Era
In the intelligent mobile era, Huawei — with its vision, insights, solutions, ecosystems, and experts — is uniquely positioned to create new value. The global outbreak of COVID- 19 has disrupted the lives and businesses of countless people, and the
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PayNow Increases Default Limit for Ad-Hoc Transactions up to S$200,000
The Association of Banks in Singapore (ABS) announced that all of the nine participating PayNow banks will allow ad-hoc transactions of at least S$5,000 or more. This will enable customers to use PayNow, an electronic fund transfer service, for a
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Redefining Finance for Good: Indonesia’s Largest Bank Reflects on the Future of Banking
COVID-19 has been an important catalyst for digital transformation across all industries. In banking, the pandemic has accelerated banks’ digitalization push and triggered a sharp rise in digital payments and digital banking usage. In partnership with Finastra, the Fintech News
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Open Banking, Data Protection Laws Bring in New Challenges for Digital Banks and Incumbents
Open banking, one of the hottest topics in financial services today, is bringing in new challenges and risks that both traditional financial institutions and fintech companies must address swiftly, said Frederik Mennes, director of product security at cybersecurity firm OneSpan.
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Southeast Asia Becomes Centre for Instant Cross-Border Payments Growth
Following in the footsteps of the European Union, ASEAN is moving towards having its very own Single European Payments Area (SEPA)-style payments network, making Southeast Asia a global focal point for cross-border real-time payments growth, according to a new report
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Razer Fintech Turns to Perx to Enhance Its Gamification Strategy
Razer Fintech, the financial arm of Razer Inc., has partnered with Singapore-based lifestyle marketing SaaS (Software as a Service) platform, Perx Technologies, to enhance its mobile-first customer engagement in the financial services industry. This partnership will purportedly enable Razer Fintech
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Google Pay Launches All-In-One P2P Payments Solution in Singapore
Google has launched its all-in-one peer-to-peer funds transfer service in Singapore in order to streamline transactions from different banks on one platform with via its PayNow feature. Customers of DBS PayLah!, OCBC Bank and Standard Chartered can link their bank
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TransferWise Records a Whooping 70% Revenue Growth in the Past Year
Fintech unicorn TransferWise announced that its annual revenue had grown by 70%, hitting a profit of £302.6 million (S$531.65m) for the past financial year. TrnasferWise recorded a net profit of £21.3 million (S$37.42m) for fiscal year ending March 2020. The
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Digital Wealth Manager Syfe Closes US$18.6 Million in Series A Funding Round
Singapore-based digital wealth manager Syfe announced that it has successfully closed a SG$25.2 million (US$18.6 million) Series A funding round led by fintech venture capital fund Valar Ventures. Other participants in the round include Presight Capital, and existing investor Unbound,
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