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FIS Powers Real-Time Payments for Singapore’s Trust Bank
Payments service provider FIS announced that it will power real-time payment transactions for Singapore’s digital bank Trust. Trust Bank will utilise the FIS Open Payments Framework (OPF) which is an agile and innovative ISO 20022-native real-time payments platform to facilitate
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Global Crypto Funding Slumps 42.5% Amidst Crypto Winter
Funding to cryptocurrency companies plummeted 42.5% in 2022, plunging from an all-time high (ATH) of US$37.08 billion secured in 2021 to US$21.26 billion last year, a new report by crypto data aggregator CoinGecko shows. While the drop may appear significant,
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Fiserv Secures Payment License From MAS
Fiserv, a payment solutions provider for merchants in Singapore, announced that its local operating entity has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The license allows Fiserv to provide merchant acquisition services
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Samsung Wallet Begins Roll Out in Singapore and 7 Other Markets
Samsung Wallet will be rolled out in eight new markets, including Singapore, Malaysia, India, Hong Kong, Taiwan, Australia, Brazil, and Canada starting at the end of January. The wallet is a platform that enables Galaxy users to organise digital keys,
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Grab Promotes Philipp Kandal to Chief Product Officer
Southeast Asian superapp Grab announced that it has promoted Philipp Kandal to Chief Product Officer, effective 1 February 2023. As Chief Product Officer, Philipp will oversee the product, design and analytics teams as well as lead the product vision and
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The FSI Sector Increased Their Spend on Digital Transformation in 2022
A majority of financial services firms now view digital transformation as essential to their business and are already looking to the next wave of technology to help get ahead, according to a new report by Broadridge. In the 2023 Digital
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Big Spenders — Singapore’s Most Active Fintech Series A Investors
Singapore has seen an influx of startups and venture capital in recent years. Several factors have contributed to this – from the city’s pro-business environment to its highly educated workforce. Another factor contributing to the success of startups in Singapore
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DeFi Industry Shows Resilience In Spite of Crypto Market Slump
Despite an ongoing crypto winter, the global decentralized finance (DeFi) market has remained strong and resilient, maintaining its dynamism with sustained venture capital (VC) funding activity, increased user adoption, and encouraging signs of institutional interest, a new report by HashKey
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Fintech Consolidation Set to Intensify This Year
2022 saw the start of a significant consolidation phase for the fintech sector, a trend which is set to accelerate this year as the economic climate continues to deteriorate in the face of elevated inflation, higher interest rates and reduced
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Innovative Technology Remedies Almost 100% Of Payment Pain Points in APAC
The Asia-Pacific region, with 13 countries that process US$17.8 billion in digital payments per year, tends to invite issues as big as the region itself. As we kick-start 2023, banks and financial institutions (FIs) in the region will be pleased
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