The Singapore FinTech Association and BNPL Working Group have chosen Experian’s technological infrastructure, given that it already operates BNPL bureaus in the US and UK.
Kriptomat users will be able to buy and sell cryptocurrencies more quickly and securely using Volt.io’s A2A payment solution.
The new feature will enable business customers to verify how much a user has in their bank account in seconds to reduce instances of payment failures, which drive up the cost of direct debit transactions.
The company has entered the Kingdom of Saudi Arabia on the basis it is embracing Open Banking “at a higher pace than other regions”.
The Treasury makes the recommendation in a new report, ‘Assessing Impacts of New Entrant Non-bank Firms on Competition in Consumer Finance Markets’.
The new firm will help businesses “get ready” for the Consumer Data Right and develop their Open Banking strategy.
Chief product officer Meron Colbeci will establish the hub, and will be joined alongside a newly-appointed team of senior leaders.
The latest edition features interviews with Canada’s Open Banking lead Abraham Tichjian and the UK’s OBIE chair and trustee Charlotte Crosswell.