Digital Transformation
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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CFTE Releases Skills Framework to Evaluate the Skills Required in Fintech
The Centre for Finance, Technology and Entrepreneurship (CFTE) announced the release of its SHIME skills framework, aimed at assisting individuals, corporations, and governments to become more digitally literate by upskilling at the Singapore Fintech Festival. According to CFTE, the framework
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South East Asia Leaps Beyond Open Banking
The core tenets of open banking are users’ financial data stored in banks are shared with third-party applications with the users’ consent. This gives users more options and the power to make their money work more. Instead of traditionally going
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Singaporeans Still Visit ATMs and Branches Despite Using Banking Apps, Survey Says
Many Singaporeans are still using ATMs and visiting bank branches even though close to nine in 10 Singaporeans (88 percent) use mobile banking at least a few times a month. An inaugural national survey on digital inclusion and resilience conducted
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Rising Adoption of IoT Devices Pushes Usage of Edge Computing Upward
In Asia-Pacific (APAC), edge computing is rapidly developing into an important frontier for enterprise innovation and competitive differentiation. Across the region, adoption is rising and usage will only grow moving forward, as consumers, businesses and governments continue to embrace Internet-of-Things
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Migrating to a Cloud-Native Core Helps Banks Reduce Core Spend by 76% Over 5 Years
Across the globe, financial institutions are under increasing pressure to remain competitive in a rapidly changing financial services landscape. Challenger banks and fintechs are leveraging modern technology stacks and agile operating models to innovate at speed and build modern, customer-centric
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