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Behind Singapore’s Experiment with a Digital Singapore Dollar

A new paper published by the Monetary Authority of Singapore (MAS) on June 21, 2023 introduces the concept of purpose bound money (PBM) and proposes a common protocol for digital money akin to a digital Singapore Dollar focusing on interoperability

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MAS Outlines Standards for Digital Money in Latest Whitepaper

The Monetary Authority of Singapore (MAS) has proposed a common protocol for digital money as financial institutions and fintech firms are launching trials for purpose bound money (PBM)under different scenarios. In its latest whitepaper, MAS details technical specifications that outline

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Cyber Defense is Crucial: Protecting Financial Systems from Modern Attacks

Money and crime have coexisted forever. Robbing a bank is the ultimate staple for robberies since it always makes headlines. Hollywood has made bank heists popular, but that’s not what the financial sector needs to be afraid of. Money is

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What is The Most Popular E-Wallet in Thailand?

In Thailand, usage of e-wallets continues to gain in popularity, driven by infrastructure enhancements, real-time payment efforts and a push from the government to promote a move towards cashless transactions. Usage of cash carried on its decline last year, accounting

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GXS Bank Launches Flexible, Instant Personal Loans From S$200

Grab and Singtel’s GXS Bank has launched its instant personal loan product available to all eligible individuals in Singapore which includes having a minimum annual income of S$20,000. Customers can apply for the GXS FlexiLoan from as low as S$200

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Sea’s MariBank Now Available to the Public on an Invite-Only Basis

MariBank, a digital bank licensed by the Monetary Authority of Singapore (MAS) and wholly-owned subsidiary of Sea, is now available to the public on an invite-only basis as it is in the midst of rolling out its services progressively. Interested parties

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Wise Revamps With New Look and Features, Onboards 100K Users Weekly

Online money transfer service Wise has unveiled its complete visual makeover and rolled out new features on its app which now has 16 million customers worldwide. The Wise app now features a fresh green palette and a bold new font

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Top 5 Most Well-Funded Fintechs in Vietnam 2023

Over the past years, Asia has emerged into one of the world’s leading fintech regions, recording the highest fintech revenues worldwide, data from Statista show. In the region, Vietnam is among the emerging fintech markets. Vietnam has seen its fintech

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Hyperpersonalisation Experiences Among Southeast Asian Banks’ Top Priorities

In Southeast Asia, banks are embarking on the next phase of their digital transformation, focusing heavily on improving customer experiences, leveraging data and analytics, and investing in cloud-based core banking systems as well as intelligent technologies, a new study by

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Transforming the Alternative Asset Space: An Inside Look at Alta

The alternative asset space is a complex and fragmented market with many investment opportunities, such as real estate, private equity, hedge funds, and commodities. In the coming years, private capital markets are expected to experience robust growth. According to Preqin,

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