Fintech Singapore Digital Finance News - FintechNewsSG
Fintech News Singapore Personal Finance Mgt (PFM) Sponsored Thailand BigPay Taps Snowdrop Solutions to Simplify Spending Tracking for Thai Users By Fintech News SingaporeDecember 5, 2024 Snowdrop Solutions is expanding its partnership with BigPay to Thailand to provide local users with clearer insights into their spending habits. The partnership aims to transform the way Thai
Singapore Fintech Festival 2025 - Fintech Singapore
Nov 13, 2024 · Singapore Fintech Festival (SFF) is the largest Fintech festival in the world and a knowledge platform for the global Fintech community. SFF is organized annually by the Monetary Authority of Singapore, Global Finance & Technology Network and Constellar in collaboration with The Association of Banks in Singapore.
Fintech Singapore Report 2024 - Fintech Singapore
The Singapore Fintech Report 2024 offers valuable insights for investors, policymakers, and industry players seeking to understand the opportunities and challenges within Singapore’s thriving fintech sector.
Core Banking Underway in Southeast Asia? - Fintech Singapore
Mar 9, 2024 · Unlike legacy systems, a modern solution like Vault Core is configurable for a variety of bank sizes, not just large-scale institutions undergoing core transformations. Smaller scale banks, fintech startups, digitalised core banking solutions can be configured for their existing needs – or to help them ramp up for new digital offers.
Endowus Revenue More Than Doubles in 2023, But Losses Increase
Sep 30, 2024 · Singapore-based digital wealth management platform Endowus saw its losses increase in 2023 even as its revenue more than doubled, according to regulatory filings reviewed by DealStreetAsia.. The company, licensed by the Monetary Authority of Singapore, posted a revenue of S$19.8 million (US$15.4 million) for the year ended 31 December 2023, marking a 2.4x increase from the previous year’s ...
List of Licensed Crypto Services Providers in Singapore
Jan 25, 2024 · Singapore’s Payment Services Act licensing framework for payment service providers, Source: Deloitte, 2019 . Since the PS Act came into effect on January 28, 2020, the Monetary Authority of Singapore (MAS) has received over 580 applications for payment services licenses and completed the review of more than half of them, MAS board member Alvin Tan said on April 4, 2022.
The Top Payment Fraud Trends in 2024 - Fintech Singapore
Nov 11, 2024 · The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says.
E-Wallets Rise as Leading Payment Method in Southeast Asia
Oct 22, 2024 · In Southeast Asia, e-wallets are rapidly emerging as the most used payment method, a trend that’s particularly pronounced in countries like Indonesia and the Philippines where a large proportion of the population still lack access to traditional banking services and where governments are pushing for greater usage of cashless transactions, a …
Singapore Reports S$6.7 Million in Losses from Rising Gov't ...
Oct 14, 2024 · The Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) have issued a joint warning about a sharp increase in government impersonation scams.. At least 100 cases reported and losses exceeding S$6.7 million in September 2024 alone. These scams involve fraudsters posing as bank officers, often from major banks like DBS, OCBC, UOB, or Standard Chartered, to deceive victims.
MAS to Explore Wholesale CBDC for Settlement Among Series of ...
Nov 4, 2024 · The Monetary Authority of Singapore (MAS) has announced plans to advance asset tokenisation within the financial services sector.. This move aims to enhance how financial markets operate by representing assets like bonds and stocks digitally. MAS has been exploring tokenisation through Project Guardian, which involves over 40 financial institutions and policymakers across seven jurisdictions.