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Singapore and India Sign Fintech Agreement To Drive Innovation

The Monetary Authority of Singapore (MAS) and India’s International Financial Services Centres Authority (IFSCA) have agreed to facilitate regulatory collaboration and partnership in fintech. The ‘Fintech Co-operation Agreement (CA)’ will see the pair leverage existing regulatory sandboxes in their respective jurisdictions to support experimentation of technology innovations. This includes referral of companies to each other’s regulatory sandboxes and enable […]
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Future Platforms: How Banks Can Learn From Pizza Delivery When It Comes to Customer Service

Many comparisons have been made to other sectors and industries when looking at how to improve the modern banking sector. It has become clear that customer communication is one of the biggest necessities for any financial service to succeed, not just a bank; with this in mind, what lessons can be learnt from pizza delivery […]
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How Optimising Cross-Border Payments Can Help EU Businesses Maximise Global Sales

Online retail has taken over the world. Over a quarter of the global population is now shopping online and the global e-commerce market is expected to reach $5.55trillion in 2022. Accelerated by the pandemic, consumers have become used to – and expect – the ease, convenience, and variety offered by e-commerce. Gina Archbold is senior sales […]
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Singapore Bank DBS Unveils Self-Directed Crypto Trading

Singapore-headquartered DBS has launched a self-directed crypto trading function for accredited wealth clients to trade cryptocurrencies. Widening access to DBS digibank provides additional access to DDEx, one of the world’s first bank-backed digital exchanges. Previously, crypto trading on DDEx was limited to corporate and institutional investors, family offices and clients of DBS Private Bank and DBS Treasures Private Client only. […]
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Amazon Prime price to get inflation-busting 31% hike in Europe

The Amazon Prime price increase follows a decision to do the same in the United States to $139 for annual subscribers. Amazon.com Inc. said it’s increasing the cost of its Prime subscription in the United Kingdom, Germany, France, Spain and Italy as a result of inflation and associated operating costs. The Amazon Prime price increase […]
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Shopify cuts 10% of workforce

The layoffs are an acknowledgement that Shopify’s plan to rapidly expand as the pandemic waned has not worked, as inflation and fears of recession dampen ecommerce growth. Canadian ecommerce firm Shopify Inc. is cutting about 10% of its workforce. The Shopify cuts come with acknowledgment from CEO Tobi Lutke that the company’s decision to expand rapidly…
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Amazon revenue: Ecommerce sales drop 4% in Q2

While Amazon’s revenue from its core ecommerce business declined, the company’s leadership team suggested things might be better than they first appear. Amazon.com Inc. reported total revenue in the third quarter of $121.23 billion. That’s a jump of 7% from a year earlier and well above the $119.09 billion that analysts had expected. But ecommerce […]
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