In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. “The new digital bank licenses mark the next chapter in Singapore’s banking...
Cybersecurity consulting firm Akouto Consulting has a warning for businesses: There has been an increase in instances of malware able to bypass traditional antivirus measures, threatening business bank accounts. An announcement Tuesday (Aug. 29) from Akouto warned of a “sharp” increase in the use of...
HDFC wants to connect small businesses in India into digital banking, and has launched a new unit as part of the initiative. Reports Thursday (June 30) said HDFC has launched SM@Bank, what it says is a full-fledged digital banking service for SMEs in the country...
Small and medium-size enterprises are on their way to adopting some of the newest technology to help run their business, and that includes embracing solutions to enhance their payments and banking capabilities. The latest PYMNTS.com SMB Technology Adoption Index shows how SMEs are progressing along...
January 03, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. “The new digital bank licenses mark the next chapter in Singapore’s banking liberalization journey,” said Tharman Shanmugaratnam, senior minister and chairman of […]
January 08, 2020
Lawmakers in New York have proposed a public electronic banking system that would essentially function like payment service Venmo, with the purpose of including more people in the economy in an attempt to stimulate growth, according to Vice. The issue is that many Americans — an estimated 14 million — are excluded from the formal […]
August 30, 2017
Cybersecurity consulting firm Akouto Consulting has a warning for businesses: There has been an increase in instances of malware able to bypass traditional antivirus measures, threatening business bank accounts. An...
