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Network for Electronic Transfers (Singapore) (NETS) looks to “take out as much cash as possible” as the company partners with seven banks in the country in launching a unified digital payment platform for NETS Quick Response (QR) code payments.
As open banking becomes a reality for European consumers in early 2018, Chris Skinner, author and financial technology commentator, theFinanser.com, highlights the results of a number of reports and researches on open banking, especially noting how banks are ready to implement it.
The 2017 Singapore Fintech Festival opened with Monetary Authority of Singapore managing director Ravi Menon addressing Singapore’s role in financial technology, followed by panel discussions on the global expansion of Chinese fintechs, and fintech’s growth in the Indian market.