Archive

Ping An Tech Leader Eugene Huang Joins DBS Group as CIO

DBS Group has announced the appointment of Eugene Huang as its new Chief Information Officer (CIO), effective from 10 May 2024. Huang, an experienced technologist with more than three decades of experience in the technology and banking sectors, will join

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UK and Singapore Discuss Green Finance Gaps, Digital Asset Regulation

The United Kingdom and Singapore had convened for the 9th UK-Singapore Financial Dialogue yesterday (8 May 2024) to deepen their cooperation in sustainable finance and fintech. The dialogue focused on various pivotal areas including sustainable finance, fintech innovation, non-bank financial

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Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). Thailand, under the guidance of the Bank of Thailand (BOT), has been at the forefront of this movement,

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How Project Savannah Paves the Way for MSMEs to Embrace ESG Reporting

In a promising collaboration, the United Nations Development Programme (UNDP) has joined forces with the Monetary Authority of Singapore (MAS) and the Global Legal Entity Identifier Foundation (GLEIF) to launch Project Savannah, a potentially transformative initiative aimed at empowering Micro,

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Visa Targets Bot-Driven Financial Fraud with New AI Feature

Visa has launched an AI-powered enhancement to its Visa Account Attack Intelligence (VAAI) solution, designed to combat the increasing number of account attacks facilitated by automated scripts and botnets. These attacks, known as enumeration attacks, have contributed to significant financial

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13 Top Cross-Border Payments Companies in Asia

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s top cross-border payment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.

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Here Are 2024’s Top VC Funding Rounds So Far

In Q1 2024, fintech venture capital (VC) funding experienced a notable decline, dropping by 16% compared to the previous quarter, new data released by market intelligence platform CB Insights show. The total funding amounted to US$7.3 billion, marking the lowest

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FIS Launches Atelio, a New Fintech Platform for Embedded Finance

Global payments service provider FIS has launched a new fintech platform named Atelio by FIS. This platform aims to provide essential tools for financial institutions, businesses, and software developers to integrate financial services into their products. Atelio by FIS offers

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COSMIC AML Platform May Expand Beyond Banking, Says Deputy PM Wong

Deputy Prime Minister and Minister for Finance, Lawrence Wong, discussed the potential expansion of the Monetary Authority of Singapore’s (MAS) anti-money laundering platform, COSMIC, to non-banking sectors in a recent response to a parliamentary question. COSMIC, which stands for Collaborative

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MAS Ensures DBS Addresses Root Causes of Recent Online Banking Disruptions

The Monetary Authority of Singapore (MAS) has intensified its oversight of DBS Bank following repeated disruptions to its online banking and payment services. The regulator is ensuring that DBS addresses these issues effectively, as reported by The Straits Times. Despite

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