Artificial intelligence (AI) will take centre stage at Singapore’s annual financial technology (fintech) event in November, underscoring the growing significance of the technology.

The Singapore FinTech Festival will highlight the growth and adoption of AI, and how it can be used in financial services, the Monetary Authority of Singapore (MAS) said in a statement on Thursday (June 1).

Singapore regulator says AI is focus of marquee fintech festival

Singapore’s sovereign wealth fund said it still sees more growth in the financial technology (fintech) sector, even after a downturn that’s sent start-up valuations plummeting, as investors turn away from riskier bets.

Singapore's sovereign wealth fund sees more growth in fintech after downturn

Bank Negara Malaysia (BNM) and Bank Indonesia (BI) have announced the commercial launch of the Indonesia-Malaysia cross-border quick response (QR) code payment linkage.

Malaysia, Indonesia launch cross-border QR payment linkage

A financial technology (fintech) unit of Axiata Group Bhd, Malaysia’s biggest wireless firm by revenue, is weighing raising US$50 million to US$100 million (RM222.98 million to RM445.95 million) in a new funding round, according to people with knowledge of the matter.

Axiata’s fintech arm Boost Holdings said to be weighing funding round

Market participants and the public will be able to make online payments to the Securities Commission Malaysia (SC) soon using a new electronic payment hub.

The new electronic payment hub, known as e-Path, will be launched on May 1, and is part of the SC’s digital transformation initiatives to enable an easier online payment process for various regulatory and registration fees, the commission said in a statement on Tuesday (April 18).

SC to launch new e-payment platform on May 1

(April 17): Financial technology firm Nuvei Corp, a provider of payments services to the sports betting industry, announced an investment from Hollywood actor and investor Ryan Reynolds. 

The company and Reynolds didn’t disclose the amount. Nuvei shares rose as much as 1.6% before giving up those gains to trade down 0.7% at 10:27 a.m. in Toronto.

Ryan Reynolds takes stake in Canadian payments firm Nuvei

The government has extended the 2023 e-wallet aid to all eligible university students in the country, according to Prime Minister Datuk Seri Anwar Ibrahim.

RM200 e-wallet aid extended to all eligible university students, says Anwar

Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) have launched a cross-border QR code payment linkage between Malaysia and Singapore.

The payment linkage would allow customers of participating financial institutions to make retail payments by scanning DuitNow QR or NETS QR codes.

BNM, MAS launch cross-border QR code payment connectivity between Malaysia and Singapore

Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the crypto market continues to spiral.

Meta to wind down NFTs on platforms amid crypto bust

KUALA LUMPUR (March 3): Banks in Southeast Asia have made significant progress on their digital transformation journey, and incumbents that are willing to invest in technology are well placed to compete with fintechs, according to Moody’s Investor Services.

Southeast Asia banks well placed against fintech disruptors, says Moody’s

Sedania Innovator Bhd has made an entry into the Islamic mortgage market worth RM200 billion following its acquisition of a 20% stake in Wasiyyah Shoppe Bhd.

Sedania Innovator enters Islamic mortgage market with 20% stake in Wasiyyah Shoppe

Finance information technology (IT) roles are expected to grow fivefold by 2025 to address the impact of composable business architecture on financial reporting compliance, data mining and management, and decision support coordination.

Finance IT roles expected to grow fivefold by 2025, says Gartner

(Jan 27): Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JPMorgan to explore a public listing, two sources familiar with the matter told Reuters.

The company is also considering a private market raise to provide liquidity for employees, the sources s...

Stripe hires Goldman, JPMorgan to explore listing, sources say

KUALA LUMPUR (Jan 18): Malayan Banking Bhd (Maybank) and Perodua Sdn Bhd have signed a memorandum of collaboration (MOC) for the provision of seamless end-to-end integrated digital financial services to Perodua via Maybank’s M2e platform.

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