In a significant move for the digital currency ecosystem, Universal Digital Payments Network (UDPN) and Aptos Labs have partnered to develop an institutional-grade stablecoin management and tokenized deposit (TD) system, optimized for the Aptos blockchain, providing a secure platform for regulated institutions to issue and transact in stablecoins and tokenized deposits. The partnership ensures alignment with international standards as the adoption of stablecoins, tokenized deposits, and CBDCs continues to grow.

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Konsentus being chosen by the Namibian Central Bank, the Bank of Namibia, to develop API standards to support the implementation of open banking in Namibia.

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As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day. By combining the fraud-busting powers of tokenization, convenience of payment passkeys, and the addition of streamlined guest checkout capability courtesy of Click to Pay, consumers can now enjoy seamless, one-click checkout across devices, browsers, and operating systems, eliminating the need for static or one-time passwords (OTPs).

Crucially, by leveraging Mastercard Click to Pay, online shoppers no longer need to have an account or a saved card-on-file with a merchant in order to use biometric authentication with payment passkeys, making quick, easy, secure guest checkout a reality.

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The Inclusive Fintech Forum (IFF) 2025, jointly organized by Singapore’s Global Finance & Technology Network (GFTN) and Rwanda’s Kigali International Financial Centre (KIFC), together with Rwanda’s Central Bank- National Bank of Rwanda, is set to return to Kigali from February 24-26, 2025.

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Shutter, an open-source protocol that prevents harmful Maximal Extractable Value (MEV) attacks and censorship, announced a first-of-its-kind AI-powered experiment with Olas and Isotropic Solutions to address crypto transaction manipulation. This experiment on Gnosis Chain uses autonomous AI agents to accelerate MEV prevention research that would otherwise be unfeasible to conduct.

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Update reveals key components provided by Memento Blockchain and Axelar in tokenized-assets pilot led by Deutsche Bank

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Blade Labs, a pioneer in Islamic fintech, today announced the launch of the world's first embedded Islamic digital finance platform powered by Hedera's enterprise-grade public distributed ledger at Singapore Fintech Festival 2024. This groundbreaking platform enables seamless integration of Shariah-compliant financial services into any business application.

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InsightsPro.ai, powered by GreenSwan.ai, launches at the Singapore Fintech Festival. The platform delivers AI-powered, personalized insights tailored to the financial and insurance sectors, transforming decision-making and reporting workflows. By integrating multi-LLM peer review, RAG, and human expertise, InsightsPro.ai ensures accuracy, trust, and actionable insights for businesses and customers alike.

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Maya has rolled out Fexco’s Dynamic Currency Conversion (DCC) across 112,000 in-store terminals, enhancing convenience for international customers and boosting tourism transactions. Announced at the Singapore Fintech Festival, this collaboration is part of Maya’s strategy to meet the rising demands of international customers and the growing tourism sector in the Philippines, which saw over 5.4 million visitors in 2023

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Binocs launched its AI-powered Financial Statement Analyzer at the Singapore FinTech Festival 2024, automating the extraction and analysis of borrower financial data. The tool provides real-time insights with customizable ratios and GenAI-powered observations, offering lenders a precise, efficient portfolio monitoring and risk assessment approach.

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Binocs unveils its Gen-AI-powered Automated Covenant Analytics at the Singapore FinTech Festival 2024, transforming covenant monitoring for Alternative Lenders. This solution automates covenant calculations, customizes formulas, and delivers GenAI-powered insights, enabling real-time risk assessment and proactive compliance for financial institutions.

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Nium, a leader in real-time cross-border payments, has announced a partnership with Partior. As the first fintech payment service provider approved on the Partior platform, Nium will enable financial institutions to access 24/7, transparent real-time payouts, clearing, and settlement in over 100 markets and currencies. This connection eliminates the need for additional API integration, significantly simplifying and accelerating the process.

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The Association of Banks in Singapore (ABS) has launched
Canny the Anti-Scam Mascot to support member banks’ fight against scams. Canny will serve as a common visual cue for the banking industry to prompt families, especially children and youth, to be alert against fraud. Member banks will progressively adopt Canny in their anti-scam education efforts.

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FinTechSpace has established Taiwan Pavilion (5K23) at 2024 Singapore Fintech Festival. This year we focus on AI applications and fraud prevention, leading 11 Taiwanese fintech companies to showcase their innovative solutions and services, also we invite Elevandi Japan and Bahrain Economic Development Board for international exchanges. Register now: https://tally.so/r/wb8jpL

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Digit9, the Payments Orchestration Platform developed by LuLu Money Singapore, has partnered with Apix to launch the Borderless Innovation Hackathon, an exciting competition designed to bring together startups, professionals, and students to create groundbreaking solutions for seamless cross border transactions. For more information or to register, visit: https://app.apixplatform.com/h1/borderlessinnovation

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Mastercard is introducing Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travelers can easily link their credit or debit cards to a digital wallet and immediately shop at participating merchants, without needing to set up or top up a prepaid account.

Leading wallets in Asia Pacific, such as DANA in Indonesia, Touch ‘n Go in Malaysia, Bakong in Cambodia, and LankaPay in Sri Lanka, will use Mastercard Pay Local to facilitate payments for consumers at more than 35 million merchants in the region that accept these wallets.

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The launch of the testnet of the Pundi AI Data, an innovative and new decentralized data annotation platform designed to transform the way AI data is collected, curated, and utilized. By integrating blockchain technology, the platform democratizes global data contribution while ensuring fair compensation for participants. This move is set to empower AI innovation, offering AI developers and businesses access to diverse, high-quality datasets.

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Gprnt, a digital platform for Environmental, Social, and Governance (ESG) reporting and data launched by the Monetary Authority of Singapore (MAS), today released its inaugural Disclosure and Marketplace offerings. These tools will simplify sustainability reporting for businesses and connect them to an ecosystem of solutions to support their decarbonisation needs. The launch of these tools reaffirms Gprnt’s mission to deliver digital utilities that support the baseline sustainability reporting and data needs of businesses in Singapore.

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Lintasarta, as an AI Factory from Indosat Ooredoo Hutchison (Indosat or IOH) Group in Indonesia, announced their strategic partnership with 6Estates, a Singapore-based provider of Artificial Intelligence (AI) solutions specializing in domain-specific Learning Language Models (LLM) and enterprise AI applications. This collaboration will support the adoption of AI and drive AI transformation and innovation in Indonesia.

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