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Two men, aged 26 and 47, will appear in court on 15 June 2024, for their alleged involvement in malware-enabled scams targeting Singaporeans since June 2023. In 2023, at least 1,899 victims in Singapore were deceived into downloading malware, resulting in losses exceeding S$34.1 million. The malware allowed scammers to remotely access victims’ devices, stealing personal and banking information to perform fraudulent transactions.
Australia’s Bendigo and Adelaide Bank has teamed up with MongoDB to modernise its core banking technology. The bank is using the MongoDB Atlas multi-cloud developer data platform to accelerate customer-focused innovation. According to the pair, the bank chose MongoDB Atlas as the underlying platform for its tech stack because of the high levels of security and reliability, its ability to manage the bank’s real-time operational data on a unified platform, and because of an “intuitive
Singapore’s Income Insurance Limited has announced that it is currently in discussions with Allianz regarding a potential transaction involving Income Insurance shares. This seems to indicate that a change in share ownership or a significant investment might be on the horizon. Income Insurance stressed that there is no certainty that a deal will be finalised or that any binding agreement will be reached.
The Bank for International Settlements (BIS) and the Bank of Canada have jointly inaugurated the Toronto Innovation Centre, marking the first BIS Innovation Hub Centre in the Americas. This new centre, the seventh established globally by the BIS, aims to explore advanced technologies to enhance financial system efficiency and inclusivity both in Canada and across Latin America and the Caribbean.
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.
Wise, a global online money transfer service, has partnered with Nubank, a Brazilian digital bank that serves over 100 million users , to streamline international payments for Nubank’s premium segment, Ultravioleta. This collaboration allows Nubank to utilise Wise ’s infrastructure to offer multi-currency accounts and debit cards through its app, enabling customers to manage and spend money internationally with ease.
Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.
Amazon Web Services (AWS) has unveiled a US$230 million commitment to support generative AI startups globally. This initiative aims to accelerate the development and market entry of new generative AI applications, providing early-stage startups with AWS credits, mentorship, and educational resources to enhance their use of AI and machine learning technologies.
Amazon Web Services (AWS) has unveiled a US$230 million commitment to support generative AI startups globally. This initiative aims to accelerate the development and market entry of new generative AI applications, providing early-stage startups with AWS credits, mentorship, and educational resources to enhance their use of AI and machine learning technologies.
Ripple , the enterprise blockchain and crypto solution provider, has extended its collaboration with Archax , the Financial Conduct Authority -regulated digital asset exchange, broker and custodian, in a move hoping to bring hundreds of millions of dollars of tokenised real-world assets (RWAs) onto the XRP Ledger (XRPL) over the coming year. Ripple is working with Archax to enable financial institutions to select the XRPL to tokenise their RWAs, creating opportunities for numerous downstream use
A group of minority shareholders has expressed dissatisfaction with OCBC ‘s final bid to purchase the remaining shares of Great Eastern, as reported by Channel News Asi a. OCBC, which has been the majority shareholder of Great Eastern for the past two decades, recently proposed a S$1.4 billion offer to buy the remaining 11.56% stake in Great Eastern Holdings Limited.
Doha Bank and Mastercard have formed a major long-term partnership to boost the commercial bank’s payment solutions and support Qatar’s digital transformation goals. This collaboration is designed to bolster Doha Bank’s leadership in customer service and innovative payment solutions, while aligning with its ‘Himma’ roadmap – aimed at redefining how it operates and serves its clients.
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
This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.
UK-based fintech Transact365 has announced its plans to expand its crypto processing solutions suite, bringing the total number to ten cryptocurrencies.
US-based banking solution Lumin Digital has partnered with Pinwheel to augmented conversion rates and enrolment for banks and credit unions with Pinwheel Prime.
Financial services company BNP Paribas and banking group BPCE have announced their plans to form a strategic partnership to advance the payments landscape.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
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