Fiserv, a Nasdaq-listed payment solutions provider, has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). The licence, effective January 1 2023, allows the company’s local entity, First Data Merchant Solutions Private Limited, to provide merchant acquisition services as well as domestic and cross-border money transfer services under the Payment Services Act (PS Act) 2019.
31 Jan 2023
Are Chinese technology firms seeing the light at the end of the tunnel? The answer is a probable yes, based in part on the stock performance of the country’s tech giants so far in 2023. Having endured several years of regulatory oversight, including the restructuring of business processes and pressure to be transparent about how they use customer data, Chinese tech firms are seeing a change of approach from policymakers.
27 Jan 2023
Six decades after the green revolution began, the rise of robotics and artificial intelligence may usher in another agricultural transformation. By enabling farmers to grow more while using fewer resources and generating less waste, these tools could make food more sustainable, accessible and cheaper to produce
26 Jan 2023
SWIAT blockchain platform focuses on standardizing real-time settlement, trading of data, assets
26 Jan 2023
Trade and Supply Chain Connect (TASConnect), a bank-agnostic supply chain finance platform owned by Standard Chartered Bank, has chosen TransformHub, a digital solutions provider based in Singapore, to support its growth ambitions across Southeast Asia.
26 Jan 2023
Hong Kong-based payment platform YedPay is expanding into Southeast Asia with the signing of three separate partnerships. YedPay has partnered with Thailand-based Venture Cap, an ASL Securities subsidiary, China UnionPay unit Easylink, and the Hong Kong Polytechnic University.
20 Jan 2023
Financial industry players must step up collaboration towards a more efficient system of data exchange and management through the use of new technologies to exploit and connect massive amounts of information to produce new insights across firms and markets, a new report says. The Depository Trust & Clearing Corporation (DTCC), a New York-based post-trade services provider, calls for open-source data standards, which will allow more users to get access to broader data more easily and put them to use much faster.
19 Jan 2023