Reports

Open Banking arose out of a sweeping piece of European Union (EU) legislation known as the second Payment Services Directive, or PSD2, in 2016. It is the use of application programming interfaces (APIs) to streamline the sharing of customer bank data with third parties.

The inexorable march of new technology in everyday life is heavily impacting the nature of financial services in Asia. One area of particular interest is the degree to which financial services are increasingly being provided via non-financial platforms or apps – embedded finance.

The seventh edition of the Singapore FinTech Festival (SFF), which concluded on the 4th of November 2022, attracted more than 62,000 participants from over 115 countries. This was the largest SFF gathering since the inaugural edition in 2016. As we look back at the Festival, it is valuable to consider the…