Singapore

They will grant incubator support, training and incentive programs to health fintechs.

The COVID-19 pandemic forced Singapore banks to change tack in order to meet social distancing and work from home requirements. However, it didn’t stop financial crime. Since the pandemic, there has been a significant increase in COVID-related fraud, with criminals engaging in telephone fraud, phishing scams, and even developing fake websites for personal protective equipment (PPE) – only recently a Singapore man was arrested for suspected involvement in money-laundering offences linked to a Covid-19-related scam.

The new MCB International Debit Card offers discounts at 150 stories in Yangon.

European financial firms dominated the global top ten of Sia Partners’ study.

And the UK allows TransferWise to offer retail investment services.

The partnership will support the company’s rollout of its commercial cards platform.

The regulator is also working with foreign agencies for cross-border transactions.

The segment constitutes 35% of all new investment accounts in APAC from March-April.

The maximum penalty for unlawful loan service providers has been doubled.

FIs are expected to include environmental considerations in their business plans.

The taxonomy will outline the banks’ “green” and “transition” transactions.

It has approved 13,761 loan applications.

It has pushed stakeholders to build a pan-regional real-time payments ecosystem.

It is part of an initiative to support 50 million small businesses worldwide.

And Canada’s banking regulator holds big banks’ capital buffers at 1%.

Users of the platform will see transaction time reduced to less than 5 seconds.