Sun.Jul 07, 2024

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How Distributed Databases Drive the Digital Boom in ASEAN: Insights from OceanBase

Fintech News

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. The region is emerging as the world’s most rapidly expanding online market, with a staggering 125,000 new users gain access to the Internet each day. Projections suggest that the burgeoning ASEAN digital economy will contribute an additional US$1 trillion to the regional Gross Domestic Product (GDP) over the coming decade.

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Mastercard and Visa extend cap on inter-regional fees for tourist cards in EU

Finextra

Visa and Mastercard have committed to keep a cap on tourist card fees in place for another five years, says the European Commission.

Caps 123
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Chong Khai Siang Takes Helm as Validus Group CFO

Fintech News

Validus, a digital SME financing platform based in Singapore, has appointed Chong Khai Siang as its Group Chief Financial Officer (CFO). Chong Khai Siang Reporting to Group CEO Nikhilesh Goel, Khai Siang will manage finance and corporate development, guiding business strategy across the region. With over two decades in financial services, Khai Siang brings extensive experience in business strategy, finance, treasury, and capital markets.

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Biometric Payments: Security and Convenience in the Digital Age

Finextra

In the rapidly evolving landscape of digital finance, biometric payments have emerged as a transform.

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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Singapore Fintech Festival 2024 Sets Stage for Responsible AI, Quantum Tech

Fintech News

The Singapore Fintech Festival (SFF) 2024 is set to return for its 9th edition from 6 to 8 November, with the Insights Forum taking place on 4 and 5 November. The festival drew over 66,000 participants from 150 countries in 2023. This year, SFF will feature prominent global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers, aiming to shape the future of the global financial ecosystem.

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Finance Malta’s Alan Cuschieri on Malta’s Rapid Rise as a Fintech Powerhouse

The Fintech Times

Malta, a small but vibrant financial hub, hosts fintech startups, fund managers, insurance firms and payment providers in close proximity. Despite its size, Malta supports diverse financial activities with a mix of international and local institutions. During this year’s Money20/20 Europe in Amsterdam, Finance Malta – the public-private initiative set up to promote Malta as a financial centre – showcased the island country’s unique fintech offering.

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BitOasis Keeps Brand and Leadership Following CoinDCX Acquisition To Establish Foothold in MENA

The Fintech Times

CoinDCX , the Indian crypto exchange, has solidified its position in the Middle East and North African (MENA) fintech market as it has acquired BitOasis , the virtual assets trading platform which recently acquired a new licence in the Kingdom of Bahrain and reopened its platform in Dubai. The acquisition will empower BitOasis to strengthen and expand its presence across the region in the virtual assets ecosystem, licensed and regulated in multiple markets.

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Maybank Singapore Rolls Out ‘Money Lock’ Feature to Combat Scams

Fintech News

Maybank Singapore has launched the Money Lock feature, adding a layer of security to protect customers’ funds. This new feature allows customers to “lock” their savings, preventing digital transfers if unauthorised access is detected. Customers can set aside a chosen amount from their savings and current accounts, including local and foreign currencies, using Maybank2u Online Banking, the Maybank2u SG (Lite) app, or by visiting Maybank branches and selected ATMs.

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BKN301 Integrates Worldline Payment Processing Platforms to Enhance Personalisation and Agility

The Fintech Times

Worldline , the global payment services provider, is expanding its strategic partnership with BKN301 , the Banking-as-a-Service (BaaS) fintech company, enabling it to handle issuing and acquiring technical processing activities. Beginning in 2022, the partnership sees BKN301 integrate Worldline solutions as it provides BaaS solutions across Europe, the Middle East and Africa (EMEA) markets.

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Macro Uncertainties, Technology and Community Banks-A possible path ahead.

Finextra

I had an hour-long conversation with my peers at the World Finance Council panel discussion in Singa.

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Residual Income Strategies: Building a Sustainable Merchant Services Portfolio

Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.

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TMNL adapts its operations to the AMLR

The Paypers

Transaction Monitoring Netherlands (TMNL) has welcomed and adapted its business model and operations according to the EU's new Anti-Money Laundering Regulations (AMLR).

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Understanding Play-To-Earn Gaming Model

CoinRemitter

The emergence of the Play-To-Earn gaming model in the booming digital economy is making a name for itself. This model has managed to capture the attention of gamers, investors, and entrepreneurs alike. This model makes it easy for players to earn rewards in the form of NFTs, cryptocurrencies , tokens, etc. Also, they can buy, sell, or exchange them, all this while playing games.

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EIF and kompasbank to provide EUR 175 mln in SME loans

The Paypers

The European Investment Fund ( EIF ) and Danish corporate bank kompasbank have signed portfolio guarantee agreements to provide at least EUR 175 million in loans to Danish SMEs.