FinTech
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Verification platform Sumsub and Indonesian fintech industry body Asosiasi FinTech Indonesia (AFTECH) have jointly released a whitepaper calling on payment providers to adopt continuous, technology-enabled compliance as Indonesia’s regulatory framework undergoes a fundamental restructuring. The whitepaper, titled From Entity to Activity-Based Regulation: What Payment Providers in Indonesia Need to Know, arrives as Bank Indonesia’s BI…
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Sumsub has partnered with Go Digital Philippines to bring secure identity verification to the country’s digital economy push, with implications for broader ASEAN digital inclusion efforts.
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Jumio, an AI-powered identity verification provider, has successfully completed the Independent eKYC Breakthrough Assessment required by Bank Negara Malaysia (BNM) with zero exceptions — the first time the company has undergone the assessment. What the Assessment Covers BNM’s eKYC framework sets stringent requirements for identity verification vendors operating in Malaysia’s financial sector. The assessment evaluates…
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Sumsub, the global full-cycle verification platform, and ComplyAdvantage, a provider of AI-driven financial crime compliance solutions, have announced a strategic partnership to enhance anti-money laundering (AML) screening for compliance teams worldwide. How the integration works ComplyAdvantage’s AI-native Mesh platform will serve as the foundational intelligence layer powering Sumsub’s AML screening across its Know-Your-Customer (KYC), Know-Your-Business…
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Xero, the global small business platform, and Anthropic have announced a multi-year partnership that will embed Claude’s AI directly into Xero — and bring Xero’s financial data and tools into Claude.ai. The collaboration is aimed at giving small businesses and their accountants real-time financial intelligence, wherever they choose to work. What the Xero and Anthropic…
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Ripple has joined the Monetary Authority of Singapore‘s (MAS) BLOOM initiative, partnering with Unloq (formerly Linklogis International) to pilot a programmable settlement solution for cross-border trade finance. The pilot will demonstrate how digital settlement assets — including regulated stablecoins and tokenised bank liabilities — can streamline trade settlements, improve transparency, and reduce risk. It is…
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Singapore-based payments firm MetaComp has partnered blockchain company Stable to integrate Stable’s network into its StableX platform, as regulated fintech players continue to test whether stablecoins can be used reliably for cross-border payments beyond pilots and proofs of concept. MetaComp, which is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution,…
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IG Asia Pte Ltd (IG) has launched IG Markets, a new investing app that pays Singapore investors 3 per cent annual interest on shares and exchange-traded funds (ETFs) — a first in the local market. The “Interest on Shares” feature allows users to earn guaranteed monthly interest payouts while still benefiting from capital gains and…
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Award-winning financial planning software GoalsMapper has day announced the launch of GM Connect, a Customer Relationship Management or CRM tool on the GoalsMapper platform to introduce an omnichannel communication tool for financial consultants to be better connected to clients. GM Connect aims to help financial consultants attain higher productivity levels by allowing portfolio-based segmentation and…
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In 2020, financially motivated cyber threat actors may start to target investment apps, online financial data processing systems and upcoming cryptocurrencies, along with providing paid access to banks’ infrastructures and developing new strains of mobile banking malware based on leaked source code. These are the key predictions from Kaspersky on the expected development of the…
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