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.

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.

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.