Fintech News

JUNE 30, 2024

The Monetary Authority of Singapore (MAS) , alongside international financial institutions, has successfully completed the first phase of the Global Layer 1 (GL1) initiative. The regulator is now focusing on developing standards, market practices, and governing principles for digital infrastructure supporting tokenised assets. The MAS Global Layer 1 initiative includes partnerships with global industry associations and financial institutions to develop common standards in fixed income, foreign e

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The Fintech Times

JUNE 30, 2024

Lynx , a provider of artificial intelligence (AI) software that detects and prevents fraud and financial crimes, has introduced a real-time mule detection solution for banks and financial institutions. The solution helps banks swiftly identify and prevent money mule activities, addressing global regulatory demands and significant laundering operations.

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Fintech News

JUNE 30, 2024

Silverlake Axis, a Singapore Mainboard-listed provider of enterprise and digital financial services solutions, has announced that Cassandra Goh Shiou Ling will assume the role of Group CEO. Effective 1 July 2024, Goh succeeds Andrew Tan Teik Wei, marking an earlier-than-expected transition. Goh was expected to take on the Group CEO role in 2025. Goh aims to continue the growth trajectory set by her predecessor, Andrew Tan, who will remain with the company to provide strategic guidance until 31 D

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The Fintech Times

JUNE 30, 2024

The Central Bank of the UAE (CBUAE) has issued the Open Finance Regulation, a significant component of its financial infrastructure transformation programme. This regulation aims to ensure the soundness and efficiency of open finance services, promote innovation, enhance competitiveness and bolster the UAE’s status as a financial technology hub. The new regulation mandates that all financial institutions supervised by the CBUAE must participate in the open finance framework concerning their prod

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Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

Best Practices

Fintech News

JUNE 30, 2024

Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their advanced counterparts, driven by young employees and students, a new survey by Deloitte found. A 2024 study by Deloitte surveyed more than 11,900 individuals, including approximately 9,000 employees and 2,900 students in APAC, and found that gen AI is already transforming how people work in APAC, with younger generations leading the gen AI revolution.

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The Fintech Times

JUNE 30, 2024

London remains a hotspot for fintech jobs, facing strong competition from Amsterdam, Paris, and Geneva. The fintech market is highly candidate-driven, with top talent typically receiving two to four job offers. That is according to Harrington Starr, a recruitment firm specialising in financial technology, which has delved into trends into the current job market.

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The Fintech Times

JUNE 30, 2024

Six months after unveiling plans to reenter the UK market, Amsterdam-based challenger bank bunq insists it is waiting ‘patiently’ for its E-Money Institution (EMI) licence. However, the bank admits it could be next year before it secures the necessary regulatory approval. bunq initially pulled out of the UK market in 2020 due to the uncertainties and complications caused by Brexit.

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Finextra

JUNE 30, 2024

Machine learning is emerging to become a key evolutionary force within the fintech landscape, and wi.

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The Fintech Times

JUNE 30, 2024

As summer travel season kicks off, the importance of digital wallets in enhancing travel experiences is clear, with three-quarters of US travellers now using them on their trips. Addressing the need for secure digital payment solutions, Visa has introduced its Digital Emergency Card Replacement service. Digital wallets have become an integral aspect of the travel experience for 74 per cent of travellers, most prominent amongst affluents (83 per cent) and millennials (82 per cent).

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The Paypers

JUNE 30, 2024

The Abu Dhabi Islamic Bank (ADIB) has entered a strategic collaboration with Silent Eight to automate its alert screening investigation process and improve its capabilities.

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Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

Payments

Fintech News

JUNE 30, 2024

Nearly three-quarters of banks globally continue to run on legacy core banking systems, which fail to deliver on transformation goals. However, new reports by the International Data Corporation (IDC), commissioned by Thought Machine, reveal that 98% of banks are planning to upgrade their core banking systems to accelerate digital transformation within the next three years.

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The Paypers

JUNE 30, 2024

Taiwan-based CTBC Bank has announced its partnership with Avaloq in order to offer an optimised private banking experience in Hong Kong and Singapore.

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The Fintech Times

JUNE 30, 2024

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.

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CoinRemitter

JUNE 30, 2024

Decentralized Autonomous Organizations (DAOs) are at the forefront of the decentralized ecosystem, offering a new way to govern, handle finances, and make informed decisions. Despite being built on the blockchain , many don’t know how DAOs function or their potential impact on different industries. This blog will explain what DAOs are, how they function, their challenges, and why they’ll play an important role in the future.

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Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

Continuity