Digital Transformation

Finding the Light at the End of the Fintech Layoffs Tunnel

Fintech firms in ASEAN are not unaffected by the employment cuts hitting the headlines this year. Compared to 2021, when the industry was flushed with record funding and mass hiring, 2022 completely flipped the script and ended with belts tightened

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Agile Banking Transformation: A New Era in Banking

The world of financial services is in a state of constant change, with many traditional banks across the Asia Pacific, and indeed the world, now actively pursuing digital transformation strategies. For many of these organisations, it has been the impact

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Bank Rakyat Indonesia Bolsters Its Digital Savings Offering to Expand Its Reach

Indonesians have been increasingly turning towards a digital lifestyle especially during the pandemic where banks were forced to accelerate their digitisation to accommodate their customers’ needs. In line with this, banks need to create a digital platform that performs as

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Making Sense of Fintech Fraud in APAC

As technological advances significantly change people’s daily lives, the benefits from these advances essentially boil down to one aspect, convenience. Technology has allowed business and social activities to expand and remain primarily online. This includes transactional decisions from purchasing tangible

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Monetising in the Metaverse: Distant Possibility or Reality?

In the virtual world of the metaverse, people don’t just visit – they inhabit. It’s a place where they can be whoever they want to be and do whatever they want. The term ‘metaverse’ was first coined in a book

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Singapore Fintech Talent Report 2022 Finds Demand Still Outpacing Supply

The Singapore Fintech Association (SFA) and Accenture Singapore have launched the Singapore Fintech Talent Report in conjunction with the Singapore Fintech Festival 2022. Despite the uncertain macroeconomic environment of 2022, Singapore’s fintech industry continues to grow as does its demand

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Five Takeaways Banks Need to Consider for Their Trade Finance Platforms

Asia Pacific accounts for 55% of the global trade finance’s volume. As the region’s trade grows, so does the financing gap. The high cost-to-serve, perceived risks, legacy systems and processes has left US$700 billion worth of unmet demand in emerging

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Brunei’s Baiduri Bank Selects Temenos to Make Its Cloud Move

Brunei’s Baiduri Bank has partnered with banking software company Temenos to operate its core banking platform in the cloud under the SaaS model. The bank claims to be the first in Brunei to do so. Through this partnership, the bank

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Ant Group Launches Alipay+ Digital Store Solutions

Ant Group has officially launched Alipay+ D-store, a digitalisation solution for the service industry and brick-and-mortar businesses, at the Singapore Fintech Festival 2022. Alipay+ D-store is described as a solution which businesses can use to build digital stores across multiple

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Singapore, France and Switzerland to Collaborate on Wholesale CBDC Project

BIS Innovation Hub is launching a project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Dubbed Project Mariana, it explores automated market makers (AMM) for cross-border exchanges of the hypothetical

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