News
Central banks trial real-time cross-border FX settlement system
Central banks trial real-time cross-border FX settlement system
A key focus is enabling atomic settlement for Payment versus Payment (PvP) FX trades.
Fintech leaders urge unified standards as digital payments stay fragmented
Developers face incompatible payment systems across providers.
How big finance players bolster defences with AI as scams surge
Despite tech advancements, human behaviour remains the dominant vulnerability.
Why banks leverage AI to bridge legacy systems with modern payment rails
These can unlock legacy data and facilitate real-time payments.
Maybank inks cross-border payments MOU with XTransfer
Collaboration expands FX and Islamic payment reach across ASEAN markets
‘Trust’ will anchor AI-driven global trade networks—financial experts
However, building trust continues to be a constant challenge for the industry.
MAS issues draft AI risk guidelines for all financial institutions
Guidelines cover governance, lifecycle controls and proportional AI safeguards
Global regulators push for cross-border coordination in digital assets
Trust remains central to digital finance innovation.
MAS completes live trial of interbank lending using wholesale CBDC
SGD Testnet enables financial institutions to settle tokenised financial assets using wholesale CBDC.
Visa expands Intelligent Commerce framework across Asia Pacific
The trusted Agent Protocol enhances verification for AI-led transactions.
Visa expands scan to pay QR network across APAC
Unified wallet integration under Visa Pay enhances regional acceptance
Nium joins Visa stablecoin settlement pilot to enhance cross-border payments
The partnership enables USDC-based blockchain settlements for enterprise clients.
ASEAN fintech funding hits nine-year low as larger deals dominate
Singapore captures 87% of total, led by late-stage firms
Philippine cybercrime cases triple as fintechs deploy AI to curb money mulling
Losses hit US$3.35m as regulators tighten controls.
Singapore to trial tokenised MAS Bills using central bank digital currency
The move follows the first live interbank settlement using wholesale digital currency.
Financial leaders reject ‘Global South’ label over tech boom reality
Financial distress is not an emerging market-only problem.
Mastercard, Thunes expand stablecoin wallet payouts worldwide
Mastercard Move currently supports over 200 markets and 150 currencies.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
Thailand backs major conglomerates for digital banks but risks stifling innovation