The sharp drop-off highlights the rapidly shifting marekt Australian fintech investment deal volume fell to 123 transactions in 2022, from a historical high of 187 transactions in 2021, according to the Pulse of Fintech H2’22 – a bi-annual report published by KPMG highlighting global fintech investment trends. While a record…
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UK and Singapore exchanged views on recent developments The United Kingdom (UK) and Singapore held the 7th UK-Singapore Financial Dialogue in Singapore today. Both countries renewed their commitment to deepening the UK-Singapore Financial Partnership that was agreed in 2021, discussed mutual priorities such as sustainable finance, FinTech and innovation, and…
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The adoption of digital payments is accelerating the pace of growth and innovation. Changing preferences and continued government efforts are driving cash displacement in Malaysian consumers. According to the Visa Consumer Payment Attitudes 2021 study, seven out of 10 Malaysians have tried to go cashless in 2021. Additionally, the average…
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Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies talks up fintech. Some analysts are projecting the revenue of FinTech companies tripling in the next 5 years, to around $US240 billion by 2026. In the first half of this year, the sector attracted a record $US98 billion,…
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KPMG report highlights institutions embrace digital transformation in the face of increased competition. Capital market reforms are presenting opportunities for Mainland China’s securities industry, with companies that embrace fintech and digitalisation best positioned for long-term growth, according to KPMG analysis. The 15th annual Mainland China Securities Survey analyses the industry…
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Uniting innovation, heritage and matched capabilities to further grow a unique digital banking proposition. Australia-based Bendigo and Adelaide Bank has announced it will acquire Melbourne-based fintech, Ferocia to accelerate the Bank’s digital strategy and shape the future of banking for a new generation of customers. The acquisition will cement the…
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Speech by Victor Lam, JP, Government Chief Information Officer shares insights and knowledge of cyber security. The emerging technologies such as fintech, Artificial Intelligence (AI) and Internet of Things (IoT) have presented both opportunities and challenges to enterprises. These technologies together with innovative ideas are catalysts for enhancing or even…
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Ned Lowe chief technology officer of Singlife speaks to CIO Tech Asia about life as a senior IT decision maker during a pandemic. The main difference between a traditional financial institution and a disruptive financial tech start-up is — culture, says Ned Lowe, chief technology officer at Singapore-based Singlife uses…
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Customers to automatically receive an itemised digital receipt Commonwealth Bank has chosen Australian fintech provider Slyp to come up with a digital product that will send itemised digital receipts in a customer’s banking app, after they’ve paid with their card or digital wallet at participating retailers. Slyp’s digital receipt…
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