Fintech News

DECEMBER 22, 2024

Cross-border payment firm XTransfer and OCBC Bank have announced a partnership to provide small and medium-sized enterprises (SMEs) with enhanced financial services for international trade. The collaboration focuses on payment processing, foreign exchange, risk management, and wealth management solutions tailored to SMEs. The partnership will leverage OCBCs regional network in markets including Singapore, Hong Kong, Malaysia, and Indonesia.

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Finextra

DECEMBER 22, 2024

Crooks stole $2.2 billion in cryptocurrency in 2024, with hackers associated with North Korea accounting for $1.3 billion, according to a study from Chainalysis.

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Fintech News

DECEMBER 22, 2024

Thredd, a global payments processor, has announced the appointment of four senior executives to its leadership team. This move is part of Thredd ‘s efforts to strengthen its platform, products, and regional support for fintech firms and programme managers worldwide. Patricia Haynes joins as Senior Vice President of Platform, bringing her expertise in technology operations and risk management from roles at Zopa and LexisNexis Risk Solutions.

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The Fintech Times

DECEMBER 22, 2024

With difficult macroeconomic conditions and rising interest rates increasing the cost of living across many countries worldwide, the importance of carefully managing your money has never been clearer. Consumers are now considering saving and investing their money to maximise their income. One company aiming to open up capital markets, and increase consumers’ ability to buy and sell assets, is the trading and investment platform eToro.

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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

Payments

Fintech News

DECEMBER 22, 2024

Visa has finalised its acquisition of Featurespace, a company specialising in real-time artificial intelligence technology for payment protection. The acquisition is expected to bolster Visa s fraud protection capabilities and enhance security for its customers worldwide. Featurespaces advanced fraud detection and risk-scoring capabilities will be integrated into Visas existing portfolio of fraud prevention solutions.

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Fintech News

DECEMBER 22, 2024

In 2024, Singapore continued to solidify its position as a global fintech leader. The year saw nearly universal adoption of cashless payments and milestones in cross-border payment linkage initiatives, notably through Project Nexus. New crypto regulations came into effect, introducing requirements relating to anti-money laundering (AML) and countering the financing of terrorism (CFT) and financial stability, and reflecting Singapores commitment to fostering innovation in the crypto and tokenizat

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The Fintech Times

DECEMBER 22, 2024

Its a time of reflection and anticipation at The Fintech Times throughout December, as we look back at key developments over the past 12 months and explore what lies ahead for 2025. With a growing demand for personalised financial services, the integration of blockchain and a focus on sustainable investment strategies, the wealth management industry is undergoing significant change.

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Fintech News

DECEMBER 22, 2024

OCBC Bank announced a second round of financial aid in the form of one-off payments to its junior employees worldwide, totaling approximately S$7.5 million. This initiative will benefit nearly 11,000 employees across OCBC Group, including subsidiaries such as Bank of Singapore and OCBC Securities. Payments will be disbursed between February and April 2025, marking the second consecutive year OCBC has provided such support to address cost-of-living pressures.

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The Fintech Times

DECEMBER 22, 2024

On this week’s episode of News& Views, sponsored by Vanta , The Fintech Times Podcast team speak about UK neobanks edging out traditional legacy banks in app downloads, according to a recent study by global software company SplitMetrics and explore whether enough is being done regarding inclusivity within banking services. The conversation kicked off this week with a focus on the rise of neobanks with Francis posing the question – is this rise going to continue or will we see thi

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Fintech News

DECEMBER 22, 2024

The banking industry is on the verge of a major transformation fueled by generative AI (Gen AI). Driven by intensifying competition, a shortage of skilled talent, and ever-increasing customer expectations, banks are moving beyond AI experimentation and into widespread deployment. 2025 is predicted to be a landmark year for this technology, with Mark Micallef, Managing Director of Southeast Asia at Google Cloud , identifying four key trends leading the charge.

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