More than 3,400 government and regulatory attendees across 665 central banks, regulatory institutions, and government organisations participated in the ‘Regulation Zone’. Key discussion areas included Artificial Intelligence (AI) solutions, quantum research and finance, cross-border data flow, and digital asset growth.
Category: Finance
State Bank of India launches innovation hub at Singapore Fintech Festival to drive digital transformation
The State Bank of India (SBI) Innovation Hub was launched in partnership with APIX, a Singapore-based leading global collaborative innovation platform for financial institutions and fintechs at the festival, being held November 6-8.
MAS announces finalists for 2024 Global FinTech Hackcelerator and FinTech Excellence Awards
This year’s competition aims to advance the development of suitable financial products and tools that can improve financial health. This can be an important enabler to empower individuals and businesses to manage resources effectively to build financial resilience.
Nirmala Sitharaman highlights need for comprehensive analysis of job trends at World Bank meeting
Sitharaman’s remarks came during her intervention at the plenary lunch ‘How Should the World Bank Shape Its Future Strategic Direction and Help Clients Create More Jobs to Keep Pace with Evolving Megatrends’.
Singapore residents take No. 1 spot in Asia and No. 4 in the world in financial asset ownership
The per capita difference between Denmark and Singapore is of a mere EUR 270, which brings Singapore within touching distance of the global Top 3 of financial asset (cash, stocks, bank deposits) ownership.
India’s forex reserves surge by USD 12.58 billion, cross USD 700 billion mark
The USD 12.588 billion would be one of the highest weekly rises ever and this is the first time the reserves have crossed the USD 700 billion mark.
Tata Power earmarks $9 billion investment to expand renewable energy capacity
Currently, Tata Power has a renewable energy capacity of 5 GW in large-scale projects.
Singapore: OCBC to allow 7-year-olds to operate bank accounts, own debit cards
A “kill switch” can also be activated to freeze their account. Using the OCBC Digital app, they can lock and unlock their debit card to prevent digital banking, debit card and ATM access if they suspect their account has been compromised.
Hurun India Rich List 2024: Mumbai trounces Beijing to become Asia’s billionaire capital
Mumbai is followed by New Delhi, the national capital of India, and Hyderabad, capital of the southern Indian state of Telangana.
Some private US banks may link with India’s real-time digital payment network UPI, says Federal Reserve Board official
He suggested that linking with UPI could offer a possible solution to these issues.
