The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems.
The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022....
Zeller has unveiled new findings from the first Zeller Small Business Resilience Report. The report, collated from the responses from over 600 Australian small businesses, reveals insights into how business owners are impacted by, and are responding to, challenging economic conditions.
The report sheds...
Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development inked two Memorandum of Understandings (MoUs) with Telekom Malaysia Berhad (TM) and Commerce.Asia respectively to complement SME Bank’s transformation agenda. Through the partnership, SME Bank aims to create the National...
Businesses are more interconnected than ever. In today’s global economy, international payments have taken on new significance in enabling cross-border trade and investment. Despite this, businesses continue to be plagued by expensive fees and unpredictable timings when carrying out cross-border transactions – these inefficiencies stem from an...
On 4 November 2019, OCBC announced that start-ups
can now open an OCBC business banking account in Singapore immediately after
incorporation, rather than experiencing the typical one day wait. This is made
possible through an Application Programming Interface (API) between OCBC Bank
and global information services provider, Experian. Once a business...
A survey from Chubb reveals that a majority (56%) of financial executives involved in insurance decision-making globally expect to generate more than 10% of their revenue from embedded insurance within three years. In Asia, the majority is even greater: 62%.
Further, an overwhelming 81% say digital insurance...
The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) have launched the linkage of Singapore’s PayNow and Thailand’s PromptPay real-time retail payment systems.
The linkage is the culmination of several years of extensive collaboration between MAS and BOT, both countries’ payment...
The Monetary Authority of
Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly
conducted a cyber-themed business continuity exercise in November 2019 to
strengthen the financial sector’s resilience to cyber-attacks and operational
disruptions.
Codenamed Exercise Raffles,
the sixth edition of the exercise was conducted over two...
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and World Economic Forum (the Forum) have signed a Memorandum of Understanding to collaborate on initiatives to advance digital inclusion through financial services, with the aim of reducing inequalities for people and smaller businesses in emerging and...
