Dr Tan See Leng, Minister for Manpower, at the Institute of Banking and Finance talks about the digitilisation wave. The financial services sector has remained resilient despite the Covid-19 pandemic. In 2020, the financial and insurance sector grew by 5.1% even as the overall economy contracted. In the first three…
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Investigating Samtrade FX, and its related entities in Singapore. The Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) launched a joint investigation into online trading platform, Samtrade FX run by Samtrade FX Limited, a company registered in St Vincent and the Grenadines…
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CFOs must be aware of use cases, risks as digital currencies change every aspect of business. Twenty percent of large organizations will use digital currencies for payments, stored value or collateral by 2024, according to Gartner, Inc. The prediction has important implications for CFOs as they assess use cases and…
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Online merchants must keep customers secure. eCommerce merchants can gain superior data efficacy and organizational visibility and optimize their customer experiences by partnering with an expert. Online spending is rising, with over 2 billion people buying products or services online. Frost & Sullivan found that eCommerce in the United States…
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Australian bank implements technology to stop against abusive messages sent via payment transactions Westpac has taken measures to make digital banking safer for customers, including giving customers the ability to report abusive messages via online and mobile banking, and blocking inappropriate language from outgoing payments. The changes have been introduced…
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Two companies went live with Cloud-based platform. Southeast Asia-based, DBS Bank has integrated digital trade financing capabilities into the Infor Nexus global network of about 68,000 businesses. The two companies’ joint program recently went live with one of the world’s largest global apparel companies, providing digital trade financing to suppliers…
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Bank of Japan and Japanese Govt indicates potential plans for digital currency . By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) – Japan will look closer into whether to issue central bank digital currencies (CBDCs), the government said in its annual policy roadmap, a sign that Tokyo may be warming…
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