American Express announced the appointment of Sharon Chew as the Vice President & General Manager of Global Merchant Services Asia. In her new role, Ms Chew will be responsible for all aspects of card acceptance, including payments processing, client management, merchant partnerships and the development of new payment technology to drive merchant acceptance for American […]
Tag: services
MAS strengthens regulatory measures for digital payment token services
The Monetary Authority of Singapore (MAS) today published its final tranche of responses to feedback received on its proposed regulations for Digital Payment Token (DPT) service providers in Singapore. The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm. It also stipulates minimum technology and cyber risk management requirements for […]
KX, Engine AI partner to offer generative AI platform for clients in financial services sector
KX and Engine AI announced today a partnership to offer a native, generative AI platform for clients in the global financial services sector. Supporting advanced use cases including similarity search, recommendation systems, and pattern matching capabilities, this collaboration is set to revolutionize the way organizations approach trading decision-making and execution performance while boosting end-user productivity […]
ASIC bans former Magnolia Group Capital director from providing financial services
The Australian Securities and Investments Commission (ASIC) has disqualified former Magnolia Capital Group director Mitchell Atkins from managing corporations for a period of 5 years and banned him for a period of 10 years from providing financial services and engaging in credit activities. The Magnolia Capital Group of companies collapsed in 2022 owing unsecured creditors […]