As part of the ongoing review of the Personal Data Protection Act 2012 (PDPA), Singapore intends to introduce a data portabilityrequirement. As data portability is a recent global development, a Data Portability Discussion Paperhas been issued to provide greater clarity of its benefits in support of a...
Six Singapore-based fintechs - Grab, Funding Societies, InstaReM, KyberNetwork, Ten X and Singapore Life - make it to KPMG’s 2018 Fintech100 list for the first time.
Grab, the popular ride-hailing platform that evolved to become an offline to online mobile platform targeting consumers; Funding Societies, an...
A new report by S&P Global Ratings has indicated that embracing financial technology (fintech) and the innovations it heralds will improve the long-term competiveness of Singapore's banking industry.According to the report titled "Singapore banks must adapt to fintech or lose out", the global rating agency's credit analyst...
Featurespace, an international provider of Adaptive Behavioural Analytics for fraud detection and risk management, has launched anti-fraud technology in Singapore. The company is working with 17 banks across continental Europe, the UK, US and Latin America. Their technology is also being embedded by payment processors and merchant...
Singapore’s SMEs are still lagging in digital adoption and are not adequately prepared for the national transition to a digital economy, according to the fourth edition of QBE Insurance’s annual survey of Singapore SMEs. The results found that SMEs have been slow to take up cyber protection...
Beehive, a digital platform providing finance solutions to businesses, financial institutions and investors is partnering with Thailand’s Thanachart Bank to launch a digital supply chain that provides improved liquidity for SMEs in Asia.
"It is our strategic direction to enhance our digital technology capability to...
The Singapore Management University (SMU) and Alibaba Cloud have launched a series of courses to upskill more than 1,000 working professionals in Singapore. Formalised at a Memorandum of Understanding signing ceremony, the ‘SMU-Alibaba Series’ professional continuing education programme is the first of its kind for Alibaba Cloud...
Research published by US-based app analytics firm App Annie has revealed that Singapore mobile users install, on average, 115 apps and use 46 of these - the highest among the countries. This points to a preference for “unbundled apps” rather than super apps being pushed by companies such as...
Singapore’s Central Bank, the Monetary Authority of Singapore (MAS), has warned members of the public not to be misled by fraudulent websites that solicit investments in cryptocurrencies using fabricated information attributed to the Singapore Government.
These websites falsely claim that Singapore is adopting a...
