Fintech News

JUNE 23, 2024

GXS Bank, a digital bank supported by Grab Holdings and Singtel, reported a substantial increase in losses for the financial year ending 31 December 2023, as reported by DealStreetAsia. Despite this, the bank experienced a remarkable sixfold increase in net interest income, according to recent regulatory filings. The bank’s losses expanded to S$208.2 million in 2023 from S$131.1 million the previous year.

Non-Bank 113

Non-Bank Accounts FinTech Posting 113

Finezza

JUNE 23, 2024

As the lending industry becomes more competitive, transparency and accountability in decision-making are critical for a productive and long-term relationship between stakeholders. Customers want to make informed decisions and feel empowered when making a choice. In this scenario, transaction data analysis can strengthen the relationship between lenders and borrowers.

Transactions 104

Transactions Accounts Product Posting 104

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. While DPT activities in Singapore constitute a small portion of global activities, authorities have noted a rise in reported cases and various ways these tokens can be exploited. Consequently, Singapore is closely monitoring the sector.

Money Laundering 109

Money Laundering Risk Crime Law Enforcement 109

Finextra

JUNE 23, 2024

Generative Artificial Intelligence (GenAI) has ushered in a new era of technological advancement, br.

Technology 103

Technology 103

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.

AI

The Fintech Times

JUNE 23, 2024

The Australian Securities Exchange (ASX) has introduced a Bitcoin exchange-traded fund (ETF), which is the first of its kind on the platform to be directly backed by Bitcoin. ASX, which handles 90 per cent of Australia’s stock market activity, has listed the VanEck Bitcoin ETF (VBTC). It began trading with initial assets of around A$990,000 ($660,429).

Bitcoin 69

Bitcoin Cryptocurrency Correspondent Regulations 69

Finextra

JUNE 23, 2024

Gamification features such as push notifications and prize draws used by trading apps can increase risk taking among users, according to research from the Financial Conduct Authority.

Risk 78

Risk Authorization Research 78

Finextra

JUNE 23, 2024

It was long believed that developed economies firmly rooted in the credit and debit card tap-and-pay.

Economy 52

Economy Debit Card Payments 52

The Fintech Times

JUNE 23, 2024

Pyypl, a fintech in the Middle East and Africa (MEA) region, has unveiled a major partnership with Visa , enabling it to issue virtual and physical prepaid Visa cards. Pyypl’s Principal Licence membership and strategic framework agreement with Visa also accelerates Pyypl’s international expansion across the GCC and Africa and its mission to democratise access to financial services.

Financial Inclusion 59

Financial Inclusion Security Underserved Agreements 59

CoinRemitter

JUNE 23, 2024

The concept of oracle plays a very important role in DeFi. Blockchain oracles act as trusted sources of information that feed real-world data into blockchains where automated processes, such as smart contracts, can be executed based on the information provided. As DeFi platforms expand, ensuring tamper-free and accurate data is crucial. Blockchain oracles ensure the integration of real-world data with smart contracts securely.

Blockchain 40

Blockchain Payment APIs and Integration API Automation 40