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Legacy Tech Still Plagues 95% of Asia Pacific Banks, Slowing Down Modernisation

Fintech News

From Singapores Smart Nation initiative to Australias Consumer Data Right (CDR) and Indonesias open banking ambitions, governments across the region are actively promoting digital transformation within the financial sector. Banking institutions across Asia Pacific are under increasing pressure to modernise.

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. What’s next?

Scams 88
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US Consumers' FICO Score Hits Highest Since 2005

PYMNTS

The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point of hitting a new record high, the Wall Street Journal reported Sunday (Oct. score in July, according to the Journal, was 711 — up from 708 in April 2020 and 706 in July 2019.

Consumer 103
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The Full List of Fintech Unicorns in Asia (2025)

Fintech News

The companys ecosystem leverages AI-driven, credit-enabled solutions to empower businesses and consumers alike. Atome Financial specialises in consumer financing, ADVANCE.AI billion Bolttech, launched in 2020, combines innovative technology with insurance expertise to partner with top insurers and businesses worldwide.

FinTech 138
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Mastercard’s Jess Turner: Pandemic Aside, Consumers Call The Shots

PYMNTS

If there’s a word that captures the state of financial services in 2020, it’s “acceleration.” At Mastercard , Executive Vice President of North America Products and Innovation Jess Turner told Karen Webster in a recent discussion, the rapid acceleration has been pushed by what consumers both wanted and needed more than ever.

Consumer 112
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5 Payment Trends in Asia Shaping its Financial Landscape in 2025

Fintech News

This shiftis not merely a matter of convenience; it is emblematic of an increasingly complex convergence between state-of-the-art technology, consumer desires for seamlessness, and the regions particular socio-economic landscape. In 2023, credit card payments comprised 52.2% of all cashless transactions in Japan.

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Paymentology’s predictions for 2025

The Payments Association

The growing adoption of mobile and internet technology and rising consumer expectations for instant payment experiences will drive financial inclusion forward. trillion transactions by 2027. A team of Paymentologys payment experts explore what we can expect to see in the payments industry next year.