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Latest posts
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Thailand’s CLICX Taps Thought Machine for Core Banking
Thailand’s CLICX virtual bank has selected Thought Machine to power its core banking operations. CLICX was formed through a strategic partnership between Krungthai Bank, Advanced Info Service (AIS) and PTT Oil and Retail Business (OR). The bank uses Thought Machine’s…
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MAS Offers S$30M to Help Insurers Invest in Infrastructure
The Monetary Authority of Singapore (MAS) has introduced a S$30 million grant to help insurers invest in infrastructure projects. The regulator is also proposing lower capital charges for certain infrastructure and securitised investments. Chee Hong Tat, Minister for National…
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Stablecoins Evolve Beyond Cross-Border Transfers
Stablecoin is evolving beyond a faster method for cross-border transfers into modern financial infrastructure, and becoming a layer for holding value, managing treasury, and developing products across embedded balances, wallets, cards, and programmable services. According to a…
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Binance’s US$6.3 Billion Breach Is Four Times the Previous Crypto Hack Record
Most of the US$6.36 billion stolen from Binance on 29 October 2026 was moved in just 20 minutes. According to TRM Labs, the breach is now the largest crypto hack on record, with losses more than four times the US$1.5 billion stolen from Bybit in February 2025. The scale of the…
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HugoHub Goes Live at Its First Regulated Bank, Pakistan’s HugoBank
Singapore-based HugoHub has deployed its banking platform at Pakistan’s HugoBank, marking its first live implementation for a regulated bank. HugoBank opened its first pilot customer account on 25 September under a Restricted License from the State Bank of Pakistan (SBP). The…
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GXS Bank Names Harikrishnan Raguraman as Chief Technology Officer
GXS Bank has appointed Harikrishnan Raguraman as Chief Technology Officer (CTO), according to an announcement he shared on LinkedIn. Raguraman takes on the role following several senior technology positions at the Grab and Singtel-backed digital bank. In June 2025, Bernama…
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Wealthy Families Delay Succession Plans as Founders Refuse to Let Go
Wealthy families are putting off succession planning as founders struggle to give up control, a DBS report has found. The DBS Asian Family Office Almanac 2026, released on 30 October, found that 33% of respondents cited founders’ reluctance to relinquish control as a reason for…
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Singapore Police Will Now Call You From 6000 0999
The Singapore Police Force (SPF) will now use 6000 0999 for all outgoing calls as part of efforts to combat police impersonation scams. The measure took effect on 2 November 2026, making SPF the first Singapore Government agency to adopt a single outgoing caller ID. The…
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Thunes and UnionPay Raise Daily Payout Limit to US$10,000 in China
Thunes has expanded its partnership with UnionPay International to enable instant payouts of up to US$10,000 daily per recipient cardholder in mainland China. The service allows financial institutions, payment service providers and money transfer operators to send funds directly…
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DCS DeCard Launches Corporate Cards for Businesses in Hong Kong
DCS DeCard has become a Mastercard issuer in Hong Kong and is launching a corporate card and spend management platform for mid-market and enterprise businesses. Named DeCard Business Account, the platform launches first in Hong Kong and lets companies issue Mastercard corporate…
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Thailand Plans New Rules for Stablecoins, BNPL and Gold Trading
Stablecoins, Buy Now Pay Later (BNPL) services and high-value gold transactions face new rules as the Bank of Thailand (BOT) expands its regulatory oversight. Governor Witai Rattanakorn also announced plans to reduce credit bureau enquiry fees and tighten oversight of money…
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Adyen Rolls Out Visa Payment Passkey for Online Checkout
Adyen has announced the rollout of Visa Payment Passkey through Authenticate, a module within its AI-powered payment optimisation suite, Adyen Uplift. Adyen will initially offer the integration in the UK, allowing eligible consumers to authenticate online payments using their…
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5 Up-and-Coming Proptech Startups from Singapore to Watch
Singapore’s real estate and property technology (proptech) market is anchored by a deep residential asset base and recurring transaction, leasing, management and advisory activity. In 2025, the city-state contained more than 1.1 million residential units, creating sustained…
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Singapore Caps Private Hire Car Loans at 60 to 70 Percent
A rise in private hire car registrations has prompted Singapore to close a gap in its car financing rules. Individuals buying private hire cars will face the same borrowing limits as regular car buyers under new rules taking effect on 30 October 2026. Buyers can borrow up to 70…
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DBS Named World’s Best Digital Bank 2026 by Global Finance
DBS has been named World’s Best Digital Bank 2026 by Global Finance, becoming the first Asia-headquartered bank to receive the award in the programme’s 27-year history. Global Finance announced the winners on 13 October at its World’s Best Digital Banks and AI in Finance Awards…
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Aspire Expands Beyond Payments With AI-Powered Accounting Platform
Aspire is moving beyond business payments with a new AI-powered accounting platform that automates bookkeeping and reconciliation. The AspireBooks service uses AI to classify transactions, recommend accounting categories and tax treatments, and match payments with invoices and…
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Binance Probes Suspected Hack as US$2.54 Billion Frozen
Binance is investigating a suspected major hack after cryptocurrency firms froze more than US$2.5 billion in digital assets linked to the incident, AFP reported in a story carried by the New Straits Times. The world’s largest cryptocurrency exchange by daily trading volume…
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Vietnam Sets New State Ownership Targets for Three Major Banks
Vietnam will maintain majority control of BIDV, Vietcombank and VietinBank under a new state capital restructuring plan. Reuters reported that the government has set a state ownership requirement of at least 65 percent for the three banks by 2030. VietinBank will need to…
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JCB Plans Contactless Payments on Hanoi Metro in Early 2027
JCB International has signed a MoU with Hanoi Metro to introduce JCB contactless fare payments on the city’s urban railway network. JCB aims to launch the service, known as JCB transit, in early 2027. It will allow JCB cardholders to tap their contactless cards or compatible…
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MAS Tells Banks to Scrutinise Clients Linked to Haze
The Monetary Authority of Singapore (MAS) has reinforced its expectations for banks to manage environmental risks linked to haze, including limiting financing or ending customer relationships where environmental laws have been clearly breached. MAS said banks should identify,…