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Why a Shift to This New Security Standard is Crucial for Asia's E-Commerce


 
With online commerce booming, Asian banks and payment services providers have shown a clear interest in adopting 3-D Secure 2.0 or 3DS2.
This is an improved version of the 3DS authentication protocol for card payments that comes with increased security and which allows for a more frictionless commerce experience.
Nitin Palande, the Head of Sales and Partnerships for Asia Pacific (APAC) at Netcetera, a Swiss software company, sat down with Fintech News Singapore to explore this trend further.
“The new standard ensures strong security, seamless operation, and a high conversion rate for online businesses, benefits which stakeholders in Asia’s payment industry and merchants should be taken advantage of”, Palande said. ....

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Singapore Fintech Report 2021 : Blockchain Dominates Singapore's Fintech Scene


 
Singapore’s fintech industry continued its momentum in 2020 on the back of new regulations, fintech initiatives from regulators themselves and the introduction of the city state’s very first digital banks, according to the Singapore Fintech Report 2021 produced by Fintech News Singapore in partnership with Alibaba Cloud.
The Singapore Fintech Report 2021, released in January 2021, which can be downloaded here, looks at the state of the fintech industry in Singapore, highlighting the key developments made in 2020 that are set to shape the industry for the year to come.
The report indicated that 2020 was a fruitful year for Singapore’s fintech startups which continued to grow and attract funding. Fintech investment in Singapore reached US$346 million in 2020, representing 6.2% of all that was raised in Asia. ....

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