Sun.Feb 04, 2024

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Wealth Management Trends Transforming the Industry in 2024

Fintech News

Emerging technologies are critical for wealth management firms as economies faced a dampened investment environment in 2023, with disappointing equity returns and sky-high interest rates. As a result, wealth preservation became the most crucial goal for high-net-worth individual (HNWI) investors last year. So, how will this shape the wealth management trends in Asia in 2024 Expect a renewed focus on emerging technologies, stable returns, and newer customer segments for wealth management firms.

AI 123
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Can Modern Features of Commercial Loan Management Software Transform Your Lending Operations?

Finezza

The traditional process for disbursing commercial loans relies heavily on manual workflow, making it time-consuming and prone to errors. As the demand for credit by businesses and MSMEs increases rapidly, lenders seek contemporary solutions that help them improve their efficiency and meet customer expectations. As per Statista, the value of commercial loans in India was […] The post Can Modern Features of Commercial Loan Management Software Transform Your Lending Operations?

On-Demand 100
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Six More International E-wallets Accepted Through Alipay+

Fintech News

Alipay+ has expanded its digital payment offerings in Singapore by integrating six additional international e-wallets, increasing the total to twelve. This expansion allows tourists and residents alike to use e-wallets such as Hipay from Mongolia, MPay from Macao SAR, MyPB by Public Bank from Malaysia, Toss Pay and Naver Pay from South Korea, and Tinaba from Italy, alongside existing options including AlipayHK, GCash, Kakao Pay, Touch n’ Go eWallet, TrueMoney, and others.

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Circular economy fintech Twig shuts down

Finextra

Twig, a London-based 'circular economy' fintech is closing down after failing to raise funding.

Economy 119
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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MAS Plans to Ease Insurance Application with Less Data Collection

Fintech News

The Monetary Authority of Singapore (MAS) has put forth a proposal aimed at reducing the amount of information that financial institutions need to collect from clients for certain insurance policies. This initiative was outlined in a consultation paper seeking public opinion on the matter in a bid to facilitate easier access to insurance for Singaporeans.

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Gen AI: Ethics and Regulations

Finextra

In this epoch of AI, serious questions about regulations and laws for AI are being raised but why no.

More Trending

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Mastercard Backs Generative AI Techniques to Keep Consumers Safe Against Growing Fraud Levels

The Fintech Times

Overall fraud rates in North America in 2023 increased by 70 per cent, according to a recent Featurespace report. As fraud continues to rise across the globe, many are left scratching their heads when considering how best to approach consumer protections. In an effort to fight back against fraudsters , payments giant Mastercard is now adopting generative AI techniques to enhance the protections that keep consumers, and the entire payments network, safe.

AI 67
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DBS Plans Major Restructuring with Creation of ‘Global Financial Markets’ Division

Fintech News

DBS Bank revealed plans to consolidate its equity capital markets, its brokerage arm DBS Vickers, and the DBS Digital Exchange (DDEX) with its Treasury Markets division. The newly formed entity will be named Global Financial Markets (GFM), effective from 1 March 2024. The restructuring initiative will see Andrew Ng, the current head of Treasury Markets, leading the expanded GFM division as its Group Head.

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Tech East Backs Norfolk Fintech Industry With Regional Report and Hackathon

The Fintech Times

Membership organisation, Tech East , which is aiming to make the East of England the next global tech cluster, has commissioned consultancy firm Whitecap Consulting to create a comprehensive report on fintech in Norfolk. The new report will look to map and quantify the landscape of the fintech industry in Norwich and the rest of the county, as Tech East begins its campaign to develop the fintech scene across Norfolk – driving collaboration and investment in the sector.

FinTech 67
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Mastercard Taps Gen AI for Faster, More Accurate Payments Fraud Detection

Fintech News

Mastercard has adopted generative artificial intelligence (AI) techniques to strengthen security measures for consumers and the broader payments network. This move aims to bolster the Mastercard’s Decision Intelligence (DI) system , a real-time decisioning tool that currently facilitates the safe authorisation of 143 billion transactions annually.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Recital 34 of EU AML Regulation Must be Clarified or PIS Will be Left at Risk

The Fintech Times

In May 2023, a group of paytech representatives called on legislators to ensure a fair playing field for all fintech providers and their obligations to performing customer due diligence (CDD) as the EU anti-money laundering regulation was discussed. Eight months later, the same groups have called on legislators to clarify the compromise text reached on recital 34 of the AML Regulation in the technical trilogues.

AML 57
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Reazon Holdings Injects Investment into Validus Vietnam

Fintech News

Validus Vietnam, a financing platform for small and medium-sized enterprises (SMEs), has secured an investment from Japan’s Reazon Holdings. The sum was not disclosed. This investment into VGrowth Development Co. Ltd., commonly known as Validus Vietnam, signifies a strategic move to support SMEs in the region, which are often hindered by limited access to traditional funding sources.

Finance 90
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Can Modern Features of Commercial Loan Management Software Transform Your Lending Operations?

Finezza

The traditional process for disbursing commercial loans relies heavily on manual workflow, making it time-consuming and prone to errors. As the demand for credit by businesses and MSMEs increases rapidly, lenders seek contemporary solutions such as commercial loan management software that help them improve their efficiency and meet customer expectations.

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PayTabs Group partners with Nearpay

The Paypers

PayTabs Group has announced its partnership with Nearpay in order to provide customers from the region of Jordan with an optimised Soft POS payment experience.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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WiseAlpha introduces wealth management services

The Paypers

UK-based fractional bond trading platform WiseAlpha has announced the launch of its new wealth management site and white-label solution.

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