- Lenders provide 650,000 UK businesses with £27.5bn in finance through COVID-19 schemes
- UK lenders approve almost 1.5million payment holidays on credit cards and personal loans
- Scope says UK banks to manage through challenging times with regulatory encouragement
- Latest Lloyds Bank Business Barometer says business confidence falls to record low as economic shutdown continues
- Mastercard says 78% of all transactions across Europe are now contactless
- Research indicates 56% of consumers more likely to use contactless as their preferred spending method when thinking about future trips abroad
- Auriga's Mark Aldred comments on the future need for ATMs in the UK expired
- Reinhart appointed as the new Vice President and Chief Economist of the World Bank Group expired
- S&P Global publishes article headed "Islamic Finance And ESG: Sharia-Compliant Instruments Can Put The S In ESG" expired
- High-income households willing to take on riskier post-COVID-19 investments, says GlobalData expired
- Moneyfacts says fixed bond rate gap tumbles as one-year attracts expired
- Northpointe Bank named a top-performing bank in the US again by the ICBA expired
8th November 2019
BNY Mellon steps up commitment to Singapore's digital and Fintech ecosystem
BNY Mellon is reaffirming its commitment to being a leader in Singapore's vibrant and emerging Fintech and innovative technology environment. The company has joined AFIN, which was established in 2018 to facilitate innovation and cooperation between financial institutions and Fintechs in an effort to digitally transform the banking and financial sectors across Southeast Asia to ultimately drive financial inclusion.
BNY Mellon will be an advisor to the board through representation on the Strategic Advisory Council (SAC). Hans Brown, Global Head of Innovation, will represent BNY Mellon on the SAC.
In addition, BNY Mellon will have a robust presence at the Singapore Fintech Festival (SFF), from 11 to 15 November 2019. Roman Regelman, BNY Mellon Head of Digital, will participate on a panel discussion on digital transformation on 11 November. Mr Brown will join the panel "CEO Perspectives on Financial Services Innovation" on 12 November.
As part of the festival, BNY Mellon will host a tour of its Singapore Innovation Centre on 14 and 15 November from 10am – 12pm. Visitors will participate in panel discussions on "The Power of Diversity and Inclusion in Innovation." BNY Mellon will also showcase innovation stories and offer the opportunity to network with user Experience/User Interface (UX/UI) and AI/Machine Learning experts and to experience interactive augmented reality content from BNY Mellon's art collection.
In addition to participating in SFF, BNY Mellon's Executive Committee will be in Singapore to host a number of employee and client activities, reaffirming the company's commitment to building its presence in the region.
Mr Regelman said: "Singapore has continued to cement its position as a global hub of innovation in financial services due to the leadership of the Monetary Authority of Singapore (MAS). We are excited to deepen our relationships with MAS and other financial leaders to drive innovation and collaboration.
“Given our role of providing infrastructure for the world's financial markets, our early adoption of emerging technologies and partnerships with Fintechs and other ecosystem participants, we can help strengthen and contribute to the dialogue influencing the evolution of the financial sector.”