Sun.Dec 01, 2024

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ADB, Mastercard to Bridge US$2.5 Trillion MSME Financing Gap in Asia

Fintech News

The Asian Development Bank (ADB) and the Mastercard Impact Fund have forged a new partnership to tackle the pressing financing challenges faced by MSMEs in Asia and the Pacific. This collaboration, facilitated by the Mastercard Center for Inclusive Growth, will initially focus on seven countries in the region – Georgia, India, Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam.

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HSBC Bolsters Cross-Border Payment Capabilities in Partnership With Dandelion

The Fintech Times

In a move to make cross-border transfers more accessible and seamless for customers, HSBC Singapore has been working alongside money movement solutions provider, Dandelion. Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model.

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The Future of AI: Combating Bias and Ensuring Accuracy with Small Language Models

Finextra

Artificial intelligence (AI) has been rapidly evolving, with large language models (LLMs) like GPT-

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Brighty secures USD 10 million in funding from Futurecraft Ventures

The Paypers

Switzerland-based digital finance platform Brighty has announced that it received USD 10 million in a funding round from Futurecraft Ventures.

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Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

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MUFG to buy robo-advisor for $664m

Finextra

Mitsubishi UFJ Financial Group (MUFG) says it will pay $664 million to take 100% ownership of robo-advisor WealthNavi.

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News & Views | Episode 177: Eligibiles New Conversations & Future of Digital Economy

The Fintech Times

On this week’s episode of News & Views, The Fintech Times Podcast team speak about Eligible launching ‘Conversations’, a new product helping mortgage lenders engage borrowers and ensure they are making informed decisions & where the future of the digital economy may be heading as Checkout.com reveals early Generation Alpha spending habits.

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What is Account Reconciliation?

The Finance Weekly

Let’s talk about something every business owner and accountant deals with— account reconciliation. Sure, it may not be the most glamorous part of finance, but it’s undeniably one of the most important. It’s what keeps your books accurate, ensures you catch errors (or even fraud), and gives you the confidence to make financial decisions based on solid data.

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Singapore Hit by Surge in Govt Impersonation Scams, Losses Reach S$120 Million

Fintech News

Singapore authorities have reported a sharp rise in government official impersonation scams, with the number of cases and losses nearly doubling compared to the previous year. The Singapore Police Force (SPF) and Monetary Authority of Singapore (MAS) revealed that over 1,100 cases were reported between January and October 2024, leading to losses of at least S$120 million.

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Plazo Improves Rewards Programme Following Partnership With Woowbe

The Fintech Times

The financial wellness app developed by Spanish fintech company ID Finance , Plazo has completed its next step in providing value to its users by rewarding them for using the Plazo Mastercard. This has been made possible following a partnership with loyalty platform, Woowbe. Plazo customers can enjoy cashback, products and additional benefits across nearly 200 retailers.

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DBS, EnterpriseSG, and IMDA Launch ‘Spark GenAI’ to Drive AI Awareness for SMEs

Fintech News

DBS, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority ( IMDA ), recently launched the Spark GenAI programme. Announced by Senior Minister of State for Digital Development and Information, Tan Kiat How, the initiative aligns with the Digital Enterprise Blueprint and aims to drive wider adoption of generative artificial intelligence (Gen AI) solutions among Singaporean SMEs.

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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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China Resources and HKSTP Launch Initiative, Helping Startups Succeed in International Markets

The Fintech Times

China Resources and the Hong Kong Science and Technology Parks Corporation (HKSTP) have co-launched the ‘Beyond Dreams’ initiative, aiming to support high-potential startups in the Hong Kong Science Park. Supported by a donation of HK$100million from the CR Charitable Foundation to support innovation and technology (I&T) talent, China Resources and HKSTP have launched the ‘China Booster’ project.

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1982 Ventures Names James Kim as Operating Partner to Bolster Portfolio Support

Fintech News

Venture capital firm 1982 Ventures has appointed James Kim as its Operating Partner. Based in Singapore, Kim brings over two decades of experience in digital transformation, strategy, and operations to support the firm’s portfolio companies. He will advise on go-to-market strategies, scaling operations, and forging key partnerships to help these companies enhance digital experiences, expand their user base, and achieve business growth.