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Singapore Forms New Entity SPaN to Oversee National Payment Schemes

Fintech News

The announcement follows a February 2025 statement by MAS and ABS on their intention to establish a new entity to consolidate the governance of national payment schemes and contribute to the development of a national payments strategy.

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MAS and ABS Announce the Incorporation of New Payments Entity – Singapore Payments Network (SPaN)

Fintech Finance

This follows MAS’ and ABS’ earlier announcement on the intention to set up a new entity to consolidate the administration and governance of Singapore’s national payment schemes to position them for the next stage of growth, and to collaborate with MAS on the development of Singapore’s national payments strategy [2].

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The Top Payment Methods For Small Businesses

Stax

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds. Talk to sales

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Inside Payments with Temenos: Mick Fennell on Change, Compliance and Cloud

The Fintech Times

From AI-driven compliance to the realities of scaling in the cloud, Temenos shares insights into whats influencing payments strategy in 2025, and where banks are still hitting resistance. Its never just one thing driving what we do, he said. Often, regulation forces banks to modernise, he said. In that way.

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Payment Rail Innovators Dive Into Real-Time

PYMNTS

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. SWIFT has revealed plans to develop new real-time rails, while VSoft is wielding traditional bank rails to facilitate its real-time payments capabilities. SWIFT to Launch New Real-Time Rails.

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Icon Solutions Welcomes NatWest Executives to its Board of Directors, Accelerating the Expansion of IPF

Fintech Finance

Icon Solutions today announces it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as Board Observers. He also serves on the Board of Directors of SWIFT.

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Fourth annual the future of competitive advantage in banking & payments 2024 global report

The Payments Association

Across 12 insights, get instant visibility on how your strategy and pain points compare with your peers in banking and payments. How do you measure up to meeting customer expectations and modernising your digital payments strategy?