Changes expected in Malaysia after its taxonomy
The harmful effects from heat traps and changes in perceptions are building a case against financing fossil fuel. UN Sec-General has urged banks to stop their financing towards it. Bank Negara Malaysia published a paper of climate change and principle based taxonomy providing an overview of the crisis and its impact on the finance industry […]
Pan-Asian big data exchange enhances data center accessibility
Singapore boasts the highest megawatt per capita globally as Big Data exchange, a pan-Asian carrier neutral data center cluster partnered with Cogent communications (SIN1) data center facility. The increase in demand for the colocation space has made the availability of data centers hard to reach for the emerging customers. BDx acquired SIN1 earlier this year […]
Scottish Crypto currency ZUMO records new UK users in December
Zumo is a Scottish digital wallet and payments platform. The company was incorporated in 2018 and the new scheme which was introduced to attract first new 5000 sign ups in the UK reported more than 10,000 registrations in December creating a record of getting unexpected number of users from the UK from the initiated drive […]
What should be the three most important questions financial service industry answer in 2021
The year of pandemic pushed the limits on financial institutions on how fast and digitally capable they could be. Faster payments made headlines which put digital payment gateways to be more in action. Xformative, a master card start path recipient shared the views on how the digital payments were not only about faster payments but […]
Revolut Singapore and SNACK join together to bring in a lifestyle-based insurance to the market
London based fintech Revolut partnered with cooperative SNACK, offering lifestyle-based insurance products in Singapore. SNACK which is owned by NTUC income which offers its customers stackable micro insurance based on their lifestyle. On signing up on the SNACK app the Revolut customers receive $500 insurance coverage as complimentary. The partnership allows Revolut’s customers based in […]
Philippines to increase micro insurance by 2022
Affected by a series of catastrophes such as Taal volcano eruption, Covid-19 outbreak, typhoon Rolly, typhoon Ulysses in 2020 a significant increase in claiming not only micro insurance policies but also for the entire industry as a whole is to be expected. Considering the events that have transpired, the Philippine government is in the process […]
Life insurance premiums in APac will grow in 2023: GlobalData
According to Global data, the written premiums will grow due to the aging population in the Asia-Pacific region along with growing middle class and its disposable income. It is set to arise from $1.2 trillion in 2019 to $1.5 trillion in 2023. Insurance Analyst at Global data, Pratyush Mehra says that several countries are gradually […]
Market data costs must once again come under the purview of financial institutions
The global spend on market data topped $30 billion at the end of last year. The costs are showing little to no signs of coming down even in the short to medium term. According to Burton Taylor’s analysis now has to be the time for the financial industries to take back the control of market […]
Is Netting a privilege or a right
The European central bank introduced its new process to recognize netting agreements to reduce the risks nearly a year ago and yet could not achieve any promising results. Firms are struggling to meet day to day reporting requirements and failing to consider the need for scalability. The focus on legal opinion rather than on the […]
Costa Rica: FDI at its finest
FDI strategy focuses on the long term returns on every dollar arriving into a host country, the stock in Latin American FDI was estimated to be $2.3 tn as of 2018. The average return edged up-to 5.5% Several countries attract most FDI in natural resource sectors where as Costa Rica concentrated its flow to the […]