Fintech News
NOVEMBER 10, 2024
The Protection from Scams Bill, introduced by the Ministry of Home Affairs (MHA), will empower the Singapore police to temporarily restrict banking transactions when they believe someone is about to be scammed. This measure targets individuals who refuse to believe they are being scammed and will be used only as a last resort when other attempts to dissuade them have failed.
Payments Dive
NOVEMBER 10, 2024
In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.
Fintech News
NOVEMBER 10, 2024
Travelers from several countries in Asia and Europe can now use their mobile payment apps to pay at over 875,000 merchants across Nepal. This is enabled by a partnership between Nepal Clearing House Limited (NCHL) and Ant International , the operator of Alipay+. The collaboration, announced at the Singapore Fintech Festival 2024, allows users of Alipay+ to make payments by scanning NEPALPAY QR codes.
Finextra
NOVEMBER 10, 2024
Chinese tech conglomerate Tencent has teamed up with Visa to take its palm recognition technology for digital payments international, beginning with Singapore.
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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Fintech News
NOVEMBER 10, 2024
Indonesia’s GoTo Group has joined forces with Tencent Cloud and Alibaba Cloud in an agreement aimed at accelerating Indonesia’s digital transformation. The agreement, witnessed by Indonesian President Prabowo Subianto at the Indonesia-China Business Forum, includes major investments in cloud infrastructure and digital talent development.
Finextra
NOVEMBER 10, 2024
American Express has formed an API-powered data access agreement with MX Technologies, enabling customers to connect their accounts to third-party providers.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
NOVEMBER 10, 2024
BKN301 Group , a London-based digital payments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financial inclusion. Following an inaugural roadshow held in Qatar (Middle East) earlier this year and a more recent one in Tbilisi – Georgia (Europe) in partnership with British Embassy Tbilisi, National Bank of Georgia, Banking Association of Georgia and Fintech Association of Georgia (FIA), BKN301 will next head to Cairo, Egypt in 2025.
Fintech News
NOVEMBER 10, 2024
DBS Group, Singapore’s largest bank, is exploring acquisitions in Malaysia as part of its regional expansion strategy, according to sources. Reuters has learned that potential targets include a 29.1% stake in Alliance Bank Malaysia held by Singapore state investor Temasek, valued at approximately US$460 million. In addition, DBS is reportedly considering the purchase of retail banking assets from Kuwait Finance House in Malaysia, estimated to be worth over US$500 million.
The Fintech Times
NOVEMBER 10, 2024
Vault22, a financial wellness platform, has launched in South Africa with the goal of improving financial literacy and empowering users to manage and grow their wealth. The platform, which already has over 200,000 pre-registered users, offers a range of tools designed to support financial fitness, including spending monitoring, debt reduction guidance and opportunities for wealth growth through investments.
Fintech News
NOVEMBER 10, 2024
QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The company plans to offer spot trading for stablecoins and major digital tokens, backed by comprehensive on/off ramping services, 24/7 support, and same-day settlements through local banking partners.
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
The Fintech Times
NOVEMBER 10, 2024
Consumer credit reporting agency Equifax UK has launched a new digital customer onboarding journey to help utility and telecoms providers automate customer eligibility assessments for social tariff discounts. Through the solution, dubbed ‘Tariff Connect’, Equifax aims to make it easier for consumers to apply for social tariff discounts, helping them access discounts and special pricing plans available for households facing financial hardship.
Nanonets
NOVEMBER 10, 2024
Parseur is an AI-powered document processing tool that extracts data from emails and PDFs automatically. It helps businesses convert unstructured documents into organized, usable data without manual entry. Here's what Parseur does well: Reads text from PDFs and emails using AI and OCR Creates templates by pointing and clicking at the data you need Extracts information from tables automatically Works with documents in multiple languages Sends data to Excel, Google Sheets, or your other work
The Fintech Times
NOVEMBER 10, 2024
Across the globe, consumers continue facing dramatic rises to their cost of living, leaving many scrambling to stay afloat. The same is true across Singapore, according to Lendela , a Singapore-based loan matching fintech, which found a deepening debt burden on Gen Zs and Millennials over the past two years. Lendela revealed that many Millennials (28 to 35) in Singapore are facing significant cost pressures, likely caused by repaying mortgages, home renovations, and starting a family, the most c
Finextra
NOVEMBER 10, 2024
In a major step toward improving financial well-being across the UK workforce, CreditLadder and Munny have entered a partnership to help employers empower their workforce by providing them with greater access to credit-building services, financial literacy and financial wellbeing support.
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.
The Paypers
NOVEMBER 10, 2024
Payments orchestration platform payFURL has announced its integration with Payments2Us, with the collaboration allowing simplified payment processing in the Salesforce ecosystem.
Finextra
NOVEMBER 10, 2024
Iwoca, one of Europe’s largest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and doubles its SME loan offer ceiling to £1 million.
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