Archive
MAS and ABS to Ramp up Digital Banking Security in the Face of Phishing Scams
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are introducing a set of additional measures to bolster the security of digital banking. The regulator has taken a proactive stance in response to the recent
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Personetics Secures US$85 Million Investment From Thoma Bravo
Personetics, a global provider of data-driven personalisation solutions, announced it has raised US$85 million from software investment firm Thoma Bravo. The firm will be partnering with Thoma Bravo to leverage the latter’s operational expertise in software and financial technology. The
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Mastercard Users Can Soon Buy NFTs From Coinbase’s Marketplace
Mastercard announced a partnership with cryptocurrency exchange Coinbase to let people use their Mastercard cards to make purchases on the latter’s upcoming non-fungible token (NFT) marketplace. This partnership comes on the heels of the company’s recent “Coinbase NFT” launch, a
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BNPL Transactions Rose by Nearly 30 Percent During the 2021 Peak Holiday Period
There has been a 28 percent increase in buy now, pay later (BNPL) transactions from October to December 2021 compared to the same period in 2020, according to global provider of real time digital payment software ACI Worldwide. The data
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Building Indonesia’s Economic Foundation Through Digitising MSMEs
Indonesia has more than 65 million Micro, Small, and Medium Enterprises (MSMEs). This huge number of enterprises has made the MSME sector one of the most important pillars of the Indonesian economy. 13.7 million of those MSMEs have utilised digital
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Telenor Sells 51% Stake in Wave Money for US$ 53 Million
Telenor Group announced that it will be selling its 51% stake in digital payment solutions provider Digital Money Myanmar, also known as Wave Money, for US$ 53 million to Yoma MFS Holdings, a subsidiary of Yoma Strategic. This subsidiary is to
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MAS’ Ravi Menon to Chair the Network for Greening the Financial System
The Monetary Authority of Singapore’s (MAS) Managing Director Ravi Menon has been appointed as the new Chair at the Network for Greening the Financial System’s (NGFS) for a two-year term. Menon succeeds Frank Elderson, Member of the Executive Board of
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OCBC Bank Makes Goodwill Payouts to SMS Phishing Scam Victims
OCBC Bank has begun making goodwill payouts since 8 January 2022 to customers who had fallen prey to the recent SMS phishing scam. To date, more than 30 customers have received them. The payouts to this group of customers are
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MAS Bans Crypto Trading Platforms From Advertising in Public Areas
The Monetary Authority of Singapore (MAS) has issued guidelines which highlighted that Digital Payment Token (DPT) service providers should not promote their services to the general public in Singapore. The services include the buying, selling or facilitating the exchange of
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How Refinitiv is Empowering Developers in the Sustainable Finance Revolution
Refinitiv has created a global community for developers in the financial industry. In continuing its longstanding history as a leader of innovation and open tech, the Refinitiv Developer Community offers practical support for today’s business challenges. This community offers enterprise
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