Fintech News

OCTOBER 6, 2024

Singapore is enhancing its anti-money laundering (AML) framework with new recommendations from the Inter-Ministerial Committee (IMC). This comes after a review sparked by the high-profile money laundering case in August 2023, in which more than S$3 billion worth of assets were seized. The IMC’s report outlines strategies aimed at strengthening prevention, improving detection, and enforcing tougher penalties to better protect the integrity of Singapore’s financial system against increasingl

Money Laundering 117

Money Laundering Law Enforcement Financial Crimes Due Diligence 117

Finextra

OCTOBER 6, 2024

PayPal has for the first time used its proprietary PYUSD stablecoin to pay and invoice.

Stablecoins 126

Stablecoins PayPal 126

Fintech News

OCTOBER 6, 2024

Global payments platform Adyen has appointed Ben Wong as its new General Manager for Southeast Asia and Hong Kong. In his new role, Wong will manage the company’s commercial operations across the region, focusing on growth strategies and strengthening partnerships in key markets, including Singapore, Malaysia, and Hong Kong. Wong joined Adyen in 2016 in a technical role before transitioning to sales in 2017.

Addressing 106

Addressing Global Payments Payment Solutions FinTech 106

The Fintech Times

OCTOBER 6, 2024

Global wallet provider Curve has launched a new foreign spending scheme, increasing fee-free spending limits and cashback on international spend, in a move to eliminate foreign transaction fees. As part of its ongoing mission to reshape the mobile wallet experience, Curve has increased fee-free spending limits up to £100,000, saving travellers up to three per cent on foreign spending.

Transactions 52

Transactions Addressing Finance FinTech 52

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

OCTOBER 6, 2024

Switzerland and the United Kingdom signed an agreement to create more efficient and globally competitive conditions for cross-border trade in financial services with the new “Berne Financial Services Agreement” (BFSA). The agreement is the first time two countries have concluded an international treaty on the equivalence of their respective legal and regulatory frameworks in selected financial areas.

Agreements 98

Agreements Cross-Border Risk Management Risk 98

The Fintech Times

OCTOBER 6, 2024

The UK credit-building business, Loqbox , has set out to provide people with the knowledge, confidence, and tools to reach their financial goals and feel better about money as it reveals that finance remains a taboo topic for many across the UK. It examined 150,000 respondents to understand which age groups were struggling the most when it comes to discussing finances.

Finance 52

Finance Advisors Research Addressing 52

The Fintech Times

OCTOBER 6, 2024

British universal bank, HSBC has partnered with B2B global trade network, Tradeshift to launch a new embedded finance solution that will help its business clients called SemFi by HSBC. SemFi by HSBC has been created to help SME suppliers on e-commerce venues to access digital invoice financing from HSBC. Furthermore, it aims to offer SMEs greater flexibility and security in their spend management through HSBC virtual card solutions.

Embedded Finance 52

Embedded Finance B2B Finance FinTech 52

The Paypers

OCTOBER 6, 2024

Danske Bank and Klarna have announced that they will now make recurring payments via Swish , providing the service to their corporate customers and clients.

Payments 41

Payments 41

Fintech News

OCTOBER 6, 2024

Swift, the global financial messaging network, will launch live trials of digital asset and currency transactions in 2025. Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies. These trials will demonstrate Swift’s orchestration capabilities, moving beyond experimentation to real-world application.

SWIFT 104

SWIFT Transactions Settlement Use Case 104