FintechDaily Staff – Page 47

Singapore Considers Caning Penalty for Scammers

Singapore is contemplating significant measures to combat its growing scam epidemic, including the potential introduction of caning for offenders. In 2023, Singaporeans lost an average...

Banks Support New Sustainability Platform for SMEs in Singapore

A newly established joint venture involving three Singapore-based technology firms is collaborating with various industry stakeholders to develop a platform aimed at providing small and...

LexisNexis Data Breach Exposes Sensitive Personal Information

LexisNexis Risk Solutions has reported that a data breach at a third-party provider has compromised the personal information of over 364,000 individuals. The breach, which...

What Lies Ahead for Instant Payments?

Two expert panels at EBAday 2025 examined effective implementation plans, ongoing global and regional challenges, and the increasing advantages of instant payments. ### Future-Proofing Instant...

Global Payments Sells Payroll Division for $1.1 Billion

Global Payments is taking important steps to streamline its operations by agreeing to sell its payroll unit to fintech company Acrisure for $1.1 billion. This...

UBS Introduces AI Avatars Representing Its Analysts

Swiss banking institution UBS is leveraging advanced AI technology to develop video avatars of its analysts for client communication. Utilizing models from OpenAI and Synthesia,...

Saudi Researchers Develop World’s Fastest Quantum Random Number Generator

Research scientists at Saudi Arabia's King Abdullah University of Science and Technology (KAUST) and King Abdulaziz City for Science and Technology (KACST) have announced the...

Addressing Low-Value Cross-Border Payment Challenges

The panel session on "Evolving Business Models in Cross-Border Payments" delved into the complexities and advancements within modern cross-border payments. Leo Lipis, CEO of Lipis...

Assessing the Feasibility of Implementing VoP and Instant Payments

At EBAday 2025, two expert panels delved into the challenges surrounding Verification of Payee (VoP), fraud prevention, and the implications of rising volumes in instant...

BoA Report: Achieving Net-Zero Demands $5 Trillion Annually for the Next 30 Years

Ahead of the COP26 summit, Bank of America Global Research has released a comprehensive report on net-zero investments, forecasting an annual requirement of $5 trillion...