Archive

Singapore and the Philippines Ink Deal for Cross-Border QR Payments Linkage

The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) today signed a deal to to facilitate interoperable payments between the two countries. The enhanced Fintech Cooperation Agreement (CA) builds on the earlier 2017 agreement to broaden

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The Bank of the Future Will Be Powered by AI

Evolving consumer demands, increasing competition, technology advancements and changing regulation are driving transformative changes in the banking sector, forcing incumbent banks and financial institutions to embrace cloud computing and artificial intelligence (AI) to remain relevant, a new paper by Mambu

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Tencent Partners NUS’ Asian Institute of Digital Finance to Bolster Fintech Innovation

Chinese internet giant Tencent announced at the Singapore Fintech Festival 2021 that it will be partnering with the Asian Institute of Digital Finance (AIDF), an institute within the National University of Singapore (NUS) that is jointly founded by the Monetary

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Singapore Rolls Out New e-GIRO Service to Shorten Processing Time to Minutes

The Deputy Prime Minister and Coordinating Minister for Economic Policies, Heng Swee Keat announced the launch of e-GIRO, reducing processing time to minutes during his opening speech at the Singapore Fintech Festival 2021 today. GIRO is a direct debit mechanism

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SGFinDex’s Second Phase Enables Users to View Their Investments in One Place

The Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG) today launched the second phase of the Singapore Financial Data Exchange (SGFinDex). Individuals can now view information on their investment holdings at The Central Depository

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MAS Green Lights Payments Unicorn Airwallex to Operate in Singapore

Cross border payments company Airwallex, announced that its Singapore entity has been granted a Major Payment Institution License by the Monetary Authority of Singapore (MAS) under the Payment Services Act at the Singapore Fintech Festival 2021 today. With this license,

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UOB Set to Offer Personalised Carbon Insights to Retail Banking Customers

UOB announced that its retail banking customers across ASEAN will be able to access personalised carbon insights based on their spending and saving behaviours through its app. “Carbon Insights” will be a new feature on the UOB TMRW digital banking

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Mastercard Launches Crypto-Linked Cards with Amber Group, Bitkub, and CoinJar

Three cryptocurrency service providers Amber Group, newly minted crypto unicorn Bitkub in Thailand, and CoinJar in Australia will be launching crypto-linked Mastercard payment cards. All three of these digital asset service providers offer cryptocurrency purchase and exchange services in their

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NETS Enhances Local SMEs’ Cross-Border Payments Capabilities With Alipay+ Integration

Network for Electronic Transfers (NETS), Singapore’s payment services group announced plans to integrate with Ant Group’s Alipay+ to further enhance the digital payments capabilities of its local merchants at the Singapore Fintech Festival 2021. Introduced by Ant Group since 2020,

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Singapore Rolls Out 2 New AI Programmes, Sets Aside S$180 Million More for Research

Singapore will be setting aside an additional S$180 million to accelerate fundamental and translational AI research on top of the S$500 million that has been committed so far, according to the Deputy Prime Minister and Coordinating Minister for Economic Policies,

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