Archive
Bank Indonesia Launches Its First Real-Time Payments Infrastructure With ACI Worldwide
Bank Indonesia (BI), the country’s central bank, has launched its first real-time payments infrastructure BI-FAST that is driven by ACI Worldwide, a global provider of real-time payments and digital payment solutions. BI-FAST is an integral part of Indonesia’s ongoing digital
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In Banking, Data Become The “Differentiating Baseline”
In Asia, market liberalization pushes, coupled with changing customer behaviors and advances in technology, are forcing banks to move away from a product-centric approach to a customer-centric one where data become critical in guaranteeing the value and relevance of products
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Endowus Launches Income Portfolios Tailored for Each Generation’s Needs
Digital wealth app Endowus has officially launched the Endowus Income Portfolios, which were designed to match the different needs, risk appetites and goals according to the varying life stages of Singapore-based investors. The three life-stage based portfolios – Stable Income
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China, India and Indonesia Record Highest Digital Wallet Adoption Rates Across APAC
Across Asia Pacific (APAC), China, India and Indonesia are leading the region in digital wallet adoption. A new report by business payment company PPRO found that in these three markets, online shoppers prefer using e-wallets such as Alipay, Paytm and
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DBS Names Helge Muenkel as Its New Chief Sustainability Officer
DBS Bank has announced the appointment of Helge Muenkel as its new Chief Sustainability Officer with effect from today. He will be succeeding Mikkel Larsen who transitioned into his role as Chief Executive Officer (CEO) at Climate Impact X (CIX),
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Bank Indonesia and MAS Deepen Ties to Promote Payments Innovation
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) to strengthen bilateral cooperation and deepen ties. The MOU reflects Indonesia and Singapore’s joint interest to promote collaboration on projects in relation to
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Interview: What Is in Store for Finalto in 2022?
From a major rebranding exercise to upheavals in the Asian markets throughout the year, it was a busy 2021 for global multi-asset liquidity provider and prime brokerage Finalto. Today, we are in conversation with Alex Yap, Head of Institutional Sales
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Top 10 Most Promising Indian Fintech Startups in 2022
With more than 2,100 fintech companies and one of the highest fintech adoption rates in the world, India is a global fintech powerhouse, a position it earned thanks to pioneering digital infrastructure initiatives, a dynamic venture capital (VC) landscape, and
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Are You Protecting Your Digital Wallet Users From Fraud?
As more users adopt them, fully digital payment methods like e-wallets are becoming increasingly vulnerable: fraud can creep in before and during transactions. More than 140 million people adopted digital wallets in 2019 globally. This number is only projected to increase in
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How Fintech and Digital Platforms are Driving Financial Inclusion Around the World
In both advanced and emerging economies, new digital platforms are helping to advance financial inclusion by improving access to payment services, credit, insurance and wealth management. In a new working paper titled Platform-based business models and financial inclusion, the Bank
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