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Singapore will set aside additional S$180m for AI research: DPM Heng

SINGAPORE will set aside an additional S$180 million on top of the S$500 million committed for artificial intelligence (AI) research, said Deputy Prime Minister Heng Swee Keat at the Singapore Fintech Festival x Singapore Week of Innovation and Technology 2021.

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Nets to adopt Alipay+, enabling cross-border payment methods

SINGAPORE payment services firm Nets will integrate Ant Group's cross-border payments solution Alipay+ into its merchant portal, enabling businesses here to accept payments from regional e-wallets.

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Customers from 8 major banks can now set up GIRO payments online in minutes

CUSTOMERS from 8 major banks in Singapore are now able to set up recurring bill payments in real time with 13 organisations, via a new nationwide electronic GIRO (eGIRO) service that fully digitalises the current paper-based process.

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Singapore, Philippines explore linking up real-time payments systems

THE remittance corridor between Singapore and the Philippines, which totalled S$2.89 billion in 2020, may soon see more seamless cross-border flows as the 2 countries work to connect their real-time and QR payment systems.

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Customers from 8 major banks can now set up GIRO payments online within minutes

CUSTOMERS from 8 major banks in Singapore are now able to set up recurring bill payments in real time with 13 organisations, via a new nationwide electronic GIRO (eGIRO) service that fully digitalises the current paper-based process.

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Airwallex gains MAS licence, to launch services in Singapore next year

FINTECH startup Airwallex announced that it has clinched a licence from the Monetary Authority of Singapore (MAS) and will be launching its services in the island republic next year.

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Nets to adopt Alipay+ payments solution, allowing Singapore merchants to accept regional e-wallets

SINGAPORE payment services group Nets will integrate Ant Group's cross-border payments solution Alipay+ into its merchant portal, enabling businesses here to accept payments from Asian e-wallets.

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CDP investment data now part of SGFinDex; insurance next to be included

SINGAPOREANS can now access data on their investment holdings as part of their consolidated financial positions via participating banks' financial planning applications and free government service MyMoneySense.

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Singapore sets aside an additional S$180m for AI research; launches two new AI programmes

SINGAPORE will set aside an additional S$180 million on top of the S$500 million committed for artificial intelligence (AI) research, said Deputy Prime Minister, Heng Swee Keat at the Singapore Fintech Festival x Singapore Week of Innovation and Technology 2021.

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The path to profit for digital banks

OF THE approximately 200 digital banks of all forms, both startups and within incumbent banks, I found only 4 that were profitable in 2019: Kakao Bank, WeBank, MYbank and Tinkoff Bank. My research showed that the first 3 had a huge benefit in the form of low cost...

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