Tag: fintech

FINTECH and the future of financial stability

The current world economy is heading into a possible recession given the uncertainty of the United States-China trade dispute, Brexit, volatile Middle East region and global oil prices fluctuations. While on the other hand, the financial industry is blooming with digitalization and high-tech innovation to create...

Market outlook reports wage increase slowing down, demand for jobs going up

The market outlook for 2019 reported a slowing down in the increase of wages but high demand for certain job sectors in Singapore. This was according to Randstad, one of the top recruitment agencies and headhunters in Singapore. The sectors to have great demand for employment would...

AI software prevents hackers from stealing millions from Singapore finance company

Hackers were very nearly successful when a phishing email was opened by a senior manager of a Singaporean financial services company, infecting his computer with a malware that could have destroyed its reputation and resulted in losses of millions of dollars. The email the senior...

Indian Prime Minister Narendra Modi to launch tech solution that can reach 2 million unbanked people at Singapore Fintech Fest

Indian Prime Minister Narendra Modi is in Singapore this week for meetings for the ASEAN as well as the East Asian Summit, but perhaps what more people are looking forward to is his appearance at the Singapore Financial Technology (Fintech) Festival, which is now...

Ravi Menon’s rise in global profile outshines 1MDB casualties

Despite a contamination of the 1MDB scandal on a global scale, swift action by Monetary Authority of Singapore imposing stricter measures and some fines to the culprits - some of whom are behind bars - brought its managing director to fame. MAS announced Ravi Menon has...

Malaysia pushing for another round of Bank mergers?

Malaysia has apparently started a new round of its financial sector rationalisation plan, a source said, citing mergers and acquisition (M&A) talks among several Islamic banking and financial institutions in Kuala Lumpur. "The plan is to create a mega-Islamic bank in a rush to be...

Bahrain in talks with Singapore on blockchain pilot

Singapore is getting more attention from the Arab world, with Arab money pouring in from all sides. Now, it is the tiny Kingdom of Bahrain that has held talks with Singapore's central bank as it devises plans for a pilot blockchain project in the Gulf...