RBI Unveils New Digital Tools for Regulatory Applications, Boost Fintech...
Governor of the Reserve Bank of India, Shri Shaktikanta Das, announced the launch of three significant initiatives: the PRAVAAH portal, the Retail Direct Mobile App, and a Fintech Repository. These...
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JULO’s Smartphone Insurance Powered by Qoala Hits 200K Mark in 3 Months
Indonesian fintech company JULO has announced that it has provided insurance coverage to over 200,000 customers in just three months with its JULO Protect Plus product. It is a new feature embedded in...
View ArticleBanks, Payment Providers at High Risk for Environmental Crimes Money Laundering
Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. This report outlines mitigation...
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E-Wallets Set to Dominate Singapore’s Online Payments by 2027, Says Worldpay
E-wallets are gaining significant traction in Singapore, with predictions indicating they will become the primary payment method by 2027. According to the 2024 Global Payments Report by payment...
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GXS Bank Taps FICO to Disburse Most of its Loans in Under 3 Minutes
GXS Bank, a digital bank in Singapore, has enhanced its customer onboarding process using global analytics software FICO’s platform. The bank now reportedly onboards the majority of its customers in...
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Grab and OpenAI Team Up to Enhance User and Employee Experiences with AI
Southeast Asian superapp Grab and OpenAI have announced a strategic collaboration to develop and implement advanced AI solutions aimed at enhancing the experience for users, partners, and employees....
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Marketnode Raises Series A Funding from HSBC and Temasek
Marketnode, a Singapore-based digital market infrastructure operator, has announced the first close of its Series A investment round, led by HSBC with additional support from existing shareholder...
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All Singapore Financial Institutions Now Face Tighter Fair Dealing Requirements
The Monetary Authority of Singapore (MAS) has updated its Guidelines on Fair Dealing, now encompassing all financial institutions and the entire range of their products and services. This expansion...
View ArticleUp to 1 Million Motorists to Receive Free NETS Motoring Cards
The Network for Electronic Transfers (NETS), Singapore’s payment services group, has announced a giveaway of up to 1 million complimentary NETS Motoring Cards. This initiative coincides with the...
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How Banks Can Leverage Transactional Data for Unparalleled Customer Engagement
In a recent Fintech Fireside Asia webinar titled “Monetising Transactional Data in Banking with Impactful Engagement,” fintech and banking experts gathered to discuss how banks can leverage their vast...
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