Singapore

Both parties will eventually expand to other markets where the bank operates.

Almost 70% of those aged 54 and above have grown comfortable to online banking.

And embattled payments firm Wirecard attracts potential buyers.

This is AMTD Digital's third controlling acquisition in Singapore's fintech sector.

Customers will be able to withdraw cash from 82 supermarket branches across Singapore.

As modern banking rapidly transitions to mobile, it continues to face threats to payment flows as entry points for fraudsters increase.

They will grant incubator support, training and incentive programs to health fintechs.

The COVID-19 pandemic forced Singapore banks to change tack in order to meet social distancing and work from home requirements. However, it didn’t stop financial crime. Since the pandemic, there has been a significant increase in COVID-related fraud, with criminals engaging in telephone fraud, phishing scams, and even developing fake websites for personal protective equipment (PPE) – only recently a Singapore man was arrested for suspected involvement in money-laundering offences linked to a Covid-19-related scam.

The new MCB International Debit Card offers discounts at 150 stories in Yangon.

European financial firms dominated the global top ten of Sia Partners’ study.

And the UK allows TransferWise to offer retail investment services.

The partnership will support the company’s rollout of its commercial cards platform.

The regulator is also working with foreign agencies for cross-border transactions.

The segment constitutes 35% of all new investment accounts in APAC from March-April.

The maximum penalty for unlawful loan service providers has been doubled.

FIs are expected to include environmental considerations in their business plans.