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Is Southeast Asia Fintech Funding Drying Up?

Fintech News

billion in 2023 and a steep 75% fall from 2022s USD $6.3 In 2024, 164 funding rounds were recorded, marking an 8% decline from 2023. from USD $203 million in 2023 and 68% from USD $587 million in 2022. Payments emerged as a top-funded segment, securing USD $366 million, a 53% increase from 2023.

FinTech 117
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What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

Phishing 135
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Visa Boosts Consumer Protection With Smarter Bank Transfer Payments

Fintech Finance

Visa A2A debuts in the UK in early 2025 and will give consumers a smarter, digital user experience, advanced security features, and an easy-to-use dispute resolution service that represents a significant upgrade to the current pay-by-bank experience and aims to help people get their money back if something goes wrong.

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The National Payments Vision should mean a rethink on safeguarding

The Payments Association

It highlights the need for a strategic, proportionate approach to safeguarding that aligns with broader regulatory and consumer protection goals. In January 2023, HM Treasury issued the Payment Services Regulations: Review and Call for Evidence. The government invited the FCA to consult on the safeguarding regime in 2023.

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KPMG: Singapore AI Fintech Funding Up 77%, Defies Global Slump in H2 2023

Fintech News

million in the second half of 2023. In 2023, Singapore’s fintech sector raised a total of US$2.20 Despite the global challenges, Singapore has solidified its status as a leading fintech hub in the Asia Pacific, capturing 21% of all fintech deals in the region in 2023. million in 2023 from US$984.78

AI 109
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Rivero Advises Banks to Brace for Spike in Cardholder Disputes as Black Friday and Cyber Monday Near

Fintech Finance

While this payment method remains popular due to Visa and Mastercard’s robust consumer protection frameworks, it is essential for issuers to ready their operations for the anticipated rise in disputes. Notably, fraud involving EU/EEA-issued cards has escalated, reaching €633 million in the first half of 2023.

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Reflecting on 2024: A transformative year in payments regulation

The Payments Association

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future.