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Most Singapore Government SMSes Will Come from ‘gov.sg’ Starting July

The Singapore government is set to introduce a unified SMS Sender ID, gov.sg, for all its agencies starting 1 July 2024. This initiative aims to streamline government communications by ensuring all SMSes from government bodies come from the single Sender

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iPiD’s Payment Verification Solution Now Offered on Microsoft Azure

iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available in the Microsoft Azure Marketplace. This online store offers applications and services for use on the Azure platform, enabling customers

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The Transformative Power of Cards-as-a-Service in Revitalising Credit Cards

In the rapidly evolving digital landscape, traditional credit cards face the challenge of staying relevant amidst the rise of digital wallets and changing consumer expectations. The emergence of Cards-as-a-Service (CaaS) offers a transformative solution that can help credit cards adapt

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New OCBC Ignite Initiative to Boost Polytechnic Graduates in Banking Careers

OCBC has introduced OCBC Ignite, an accelerated banking career programme aimed at benefiting 500 polytechnic students over the next three years. This initiative, developed in collaboration with all five polytechnics in Singapore, seeks to enhance the employment prospects of polytechnic

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DBS Aims for S$500 Billion in Wealth Assets by 2026

DBS Group is targeting S$500 billion (US$369.7 billion) in assets under management for its wealth business by the end of 2026, as reported by Reuters. The announcement comes as the DBS benefits from robust inflows into Singapore, driven by the

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Paxos Announces 20% Staff Layoffs Despite Robust Financial Position

Stablecoin issuer Paxos has announced a 20% workforce reduction, affecting about 65 employees. Despite the layoffs, the company reportedly remains in a strong financial position with over US$500 million on its balance sheet. Following the layoffs, Paxos’ workforce is now

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BIS, MAS Launch Project Viridis for Financial Authorities to Monitor Climate Risks

The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have  developed a blueprint – Project Viridis – a climate risk platform aimed at helping financial authorities identify, monitor, and manage climate risks in the

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Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. Multilateral payment platforms have emerged as a promising solution to address the needs of increasingly globalised users, who need to send

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Lexasure and OneDegree Global Unveil New Cyber Insurance Platform

Lexasure, a reinsurance and insurtech solutions provider, and OneDegree Global, known for its IXT insurtech solutions and cybersecurity services, have announced a new collaborative cyber insurance solution. The platform, launched during the ITC Asia conference in Singapore, aims to tackle

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Grace Park Joins Prudential as Chief Data, Analytics and AI Officer

Prudential plc has announced the appointment of Grace Park as its new Chief Data, Analytics & AI Officer, effective 7 June 2024. Based in Singapore, Park will report to Chief Information Officer Ashley Veasey. In her new role, Park will

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