Singapore
Bottomline supplies solutions for alarming threats to modern banking
Bottomline supplies solutions for alarming threats to modern banking
As modern banking rapidly transitions to mobile, it continues to face threats to payment flows as entry points for fraudsters increase.
Singapore's Fintech Academy, Alibaba, Pfizer form healthcare fintech alliance
They will grant incubator support, training and incentive programs to health fintechs.
Singapore banks set to fast-track digital transformation due to COVID-19
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.
Myanmar Citizens Bank, JCB to offer co-branded debit cards
The new MCB International Debit Card offers discounts at 150 stories in Yangon.
Hong Kong, Singapore play catch-up with mobile banking apps
European financial firms dominated the global top ten of Sia Partners’ study.
Weekly Global News Wrap: Goldman Sachs boosts capital measures; Charges filed against Wirecard ex-bosses
And the UK allows TransferWise to offer retail investment services.
Mastercard and fintech EedenBull extend partnership to APAC payments
The partnership will support the company’s rollout of its commercial cards platform.
Singapore central bank, local police probing Wirecard's operations
The regulator is also working with foreign agencies for cross-border transactions.
More millennials join investment rush to cash in on COVID-19 volatility
The segment constitutes 35% of all new investment accounts in APAC from March-April.
South Korean regulator amends credit act to combat illegal lending
The maximum penalty for unlawful loan service providers has been doubled.
Singapore sets out expectations for FIs' environmental risk management
FIs are expected to include environmental considerations in their business plans.
DBS rolls out sustainable transition finance framework and taxonomy
The taxonomy will outline the banks’ “green” and “transition” transactions.
Sri Lanka's central bank rubber-stamps $139.3b in SME loans
It has approved 13,761 loan applications.
QR codes, ISO 20022 fuel SEA's cross-border payments growth
It has pushed stakeholders to build a pan-regional real-time payments ecosystem.
Visa commits aid to 10 million SMEs in Asia Pacific
It is part of an initiative to support 50 million small businesses worldwide.
Weekly Global News Wrap: US banks awash with $2t deposits; Wirecard ex-CEO arrested
And Canada’s banking regulator holds big banks’ capital buffers at 1%.
Cambodia floats blockchain-based payments system
Users of the platform will see transaction time reduced to less than 5 seconds.