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DBS Resolves PayNow Transaction Delays
DBS Bank has announced that all FAST/PayNow transactions affected by the delay on Tuesday (26 September) have been processed and transaction histories have been updated as of 11:50pm on Wednesday (27 September). In a series of Facebook updates, DBS provided
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Singapore’s Deputy PM Lawrence Wong Takes on New Role at GIC
Singapore’s sovereign wealth fund GIC has appointed Lawrence Wong as its Deputy Chairman. Wong, who is also Singapore’s Deputy Prime Minister and Minister for Finance, will take up the new role on 1 October 2023. In his new role, Wong
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12 Fintechs Make it Into Forbes Top 100 APAC Companies to Watch in 2023
12 fintech companies have been named among the top 100 companies in Asia-Pacific (APAC) to watch this year, recognized by business magazine Forbes Asia for breaking new ground and for their potential to become regional success stories. These companies were
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IDC Names 2023’s Top 100 Fintech Providers in the World
The International Data Corporation (IDC), a leading provider of market intelligence and advisory services for the information technology, telecommunications and consumer technology markets, has released its annual ranking of the world’s largest and most successful fintech providers. The 20th annual
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MAS Slaps 9 Year Ban on Three Arrows’ Founders for “Flagrant Disregard” of Rules
The Monetary Authority of Singapore (MAS) has banned Su Zhu and Kyle Davies, the founders of Three Arrows Capital, from managing or becoming a substantial shareholder of any capital market services firm. Three Arrows Capital was a cryptocurrency hedge fund
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World Bank Study Reveals Key Factors Enabling Fintech Growth
Countries with deeper, more inclusive and more competitive banking systems are exhibiting lower levels of fintech activity than countries with less developed and less competitive banking systems, a phenomenon which could be in part explained by higher barriers to entry
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Longtime MAS Chief Ravi Menon to Retire, Chia Der Jiun to Take Helm
The Monetary Authority of Singapore’s (MAS) longest-serving chief Ravi Menon will be retiring from public service end of this year. He will also step down from the MAS board. Menon played a pivotal role in positioning Singapore as a leading
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OCBC’s Banking Services Restored After ‘Technical Issues’
OCBC Bank has restored all of its banking services after a technical issue caused an outage on Monday morning. The bank said in a Facebook post at 9.43am that the outage affected its mobile and online banking, PayNow, ATMs, Velocity
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Jacky Ang to Take Over as Global COO of Bank of Singapore
Jacky Ang has been appointed as the new Global COO of Bank of Singapore, effective September 13. He will be taking over from Sonjoy Phukan, who is leaving the bank to pursue other interests. In his new role, Ang will
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Mambu Makes Interim CEO Fernando Zandona Permanent
Cloud banking platform Mambu announced that it has appointed Fernando Zandona as Chief Executive Officer (CEO) on a permanent basis. He had served as the interim CEO since June when Mambu’s former CEO and Co-founder Eugene Danilkis had stepped down
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