DBS Bank activated a 12-hour cooling period on March 7 for adding payees, raising transfer limits, and updating contact details. Singapore's three major local banks now enforce the same safeguard.
The Luxembourg House of Financial Technology and ADB Ventures have launched the NextFin Asia Fund, providing direct investment to ASEAN fintech startups for the first time through the Catapult: Inclusion SE Asia programme.
Malaysia has confirmed nearly RM3 billion in investment commitments from Chinese technology companies targeting artificial intelligence and digital infrastructure development.
Singapore Tourism Board and Ant International have renewed their partnership to expand mobile payment services for international travelers through the Alipay+ ecosystem.
Mastercard has appointed Minsook Cho as Country Manager for Singapore, reinforcing its leadership presence in one of Asia’s most important fintech hubs.
Venture capital continues to shape the fintech landscape in Asia. Peak XV Partners has closed USD1.3B across three new funds targeting technology and fintech startups.
As remote work expands, fintech infrastructure is evolving to support global freelancers. TerraPay’s integration with Raenest aims to accelerate cross-border payouts.
Artificial intelligence is increasingly shaping financial services infrastructure. DBS Bank and Granite Asia are launching a USD110M partnership to support AI companies approaching public markets.