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DBS Sets up a Board Sustainability Committee to Oversee ESG Matters

DBS announced that it has established a Board Sustainability Committee (BSC) to provide added governance and oversight of material environmental, social and governance (ESG) matters. The bank said in a statement that the move is the first of its kind

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KPMG: Singapore’s Fintech Investment Tops US$3.94 Billion, Crypto Takes Top Spot

Singapore’s fintech industry hit a five-year high at 191 deals transacted in 2021 according to the KPMG Pulse of FinTech H2’21 report. This is a 37 percent increase compared to 2020’s deal count with 139 deals and a 91 percent

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Backbase Appoints Chris Vanden Berghe as Regional VP of Technology for APAC

Digital banking software provider Backbase has appointed Chris Vanden Berghe as Regional Vice President of Technology for Asia Pacific. The new role is based in Singapore and will drive the company’s product localisation and development, implementation success, and international expansion.

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MAS Orders DBS to Set Aside S$930 Million in Capital Following Major Service Disruption

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank following the disruption of its digital banking services for 2 days. DBS identified a problem with its access control servers which caused the disruption from

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Validus Makes Two Key Hires to Support Tech and Neobank Initiatives

Southeast Asian SME growth financing platform Validus has announced two key additions to its senior leadership team. Vishal Shah has joined as President, Emerging Markets, and is responsible for driving growth in emerging and new markets. He is a financial

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DBS Names Helge Muenkel as Its New Chief Sustainability Officer

DBS Bank has announced the appointment of Helge Muenkel as its new Chief Sustainability Officer with effect from today. He will be succeeding Mikkel Larsen who transitioned into his role as Chief Executive Officer (CEO) at Climate Impact X (CIX),

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MAS’ Ravi Menon to Chair the Network for Greening the Financial System

The Monetary Authority of Singapore’s (MAS) Managing Director Ravi Menon has been appointed as the new Chair at the Network for Greening the Financial System’s (NGFS) for a two-year term. Menon succeeds Frank Elderson, Member of the Executive Board of

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OCBC Bank Makes Goodwill Payouts to SMS Phishing Scam Victims

OCBC Bank has begun making goodwill payouts since 8 January 2022 to customers who had fallen prey to the recent SMS phishing scam. To date, more than 30 customers have received them. The payouts to this group of customers are

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Mastercard Names Safdar Khan as Division President for Southeast Asia

Mastercard announced that Safdar Khan has been named as its Division President for Southeast Asia. This appointment is an expansion of his former role as Division President, Southeast Asia Emerging Markets. A 15-year veteran of Mastercard, Khan’s previous role saw

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Top 5 Fintech Trends in Asia in 2022

With 2021 behind us, fintech experts and industry participants are sharing their predictions for the year to come, looking at the trends that shaped 2021 to predict the top fintech trends in Asia in 2022 Funding activities, industry developments, public

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