FinTech
American Express expands Singapore Decision Science Center of Excellence
American Express has on Thursday announced it is deepening its investment in artificial intelligence (AI) with the expansion of the Singapore Decision Science Center of Excellence (CoE). The CoE will now extend beyond credit decisioning and fraud prevention use cases to focus on data science applications in the areas of marketing and servicing model…
Airwallex sees strong growth momentum in Singapore, reports 13 times of revenue growth
Global payment firm Airwallex has seen strong growth momentum in Singapore as businesses recovered from the pandemic and the world reopened. In the first half of 2023, Airwallex Singapore saw 13 times of growth (1,213 percent) in year-on-year revenue and more than 11 times of growth (1,015 percent) in total transaction volume.
Wise Platform partners Agoda to provide payment options for travellers
Wise Platform, Wise’s infrastructure solution for banks and major enterprises, has joined forces with Agoda, a digital travel platform, to provide faster and more convenient payment options for travellers worldwide.
Singapore’s LXA raises $10M in seed funding round led by NEA
LXA, a Singapore-based fintech startup, has on Wednesday announced the completion of its $10 million seed funding round led by New Enterprise Associates, Inc. (NEA). The round also saw participation from Openspace Ventures and EDBI.
Malaysia’s Maybank expands cross-border services to China; boosts ASEAN financial integration
Malaysian lender Malayan Banking (Maybank) has on Wednesday announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying its existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions.
Malaysia’s PayNet partners China’s Ant Group for cross-border digital payments
Malaysia's payments firm Payments Network Malaysia Sdn Bhd (PayNet) and China-based Alibaba Group's fintech subsidiary Ant Group have on Wednesday launched their cross-border digital payments collaboration that has enabled travellers from eight regionsto use PayNet’s DuitNow QR in Malaysia, further boosting international tourism and trade among these…
The leading role of embedded finance in the Philippines’ renewed digitalization thrust
With the powerful growth of widespread digitalization in the #Philippines, #embeddedfinance promises to get integrated into the national digital economy so deeply that it may become a benchmark for the global #fintech industry. And ultimately, the consumer wins.
‘Tis the season to be shopping: Can businesses still capitalize on sales events in APAC?
The world of online #payments is complex. But by avoiding common mistakes and prioritising the right support and market education, merchants can enjoy a prosperous #shopping festival season with supercharged conversion rates and record breaking sales.
MAS bars DBS Bank from acquiring new business ventures for six months after prolonged disruption
The Monetary Authority of Singapore (MAS) has imposed a six-month pause on DBS Bank Ltd’s (DBS Bank) non-essential information technology (IT) changes to ensure that the bank keeps sharp focus on restoring the resilience of its digital banking services.
