Latest News & Media Updates in Singapore

Tariffs, tensions and the financial fallout for SMEs

As global trade routes shift under the weight of rising U.S. tariffs and geopolitical tensions, small and mid-sized enterprises (SMEs) are feeling the heat. With exporters rerouting through emerging markets like Vietnam and India, supply chains are becoming more complex—and costly. SMEs now face increased financial risk, from currency volatility to delayed payments. But amid the disruption, new growth opportunities are emerging for those ready to adapt.

Bruc Bond Unveils Fee Management Capabilities to Help Fintechs Overcome Payments Complexities

Bruc Bond launched a cutting-edge hierarchical fee management system within its banking platform—designed to streamline complex B2B payment flows worth trillions. This new capability enables fintechs to dynamically set, automate, and optimize fees across global transactions—reducing manual overhead and hidden costs. With regulatory pressures mounting and payment complexity rising, this is a game-changer for firms seeking efficiency and transparency. Discover how it helps fintechs stay agile in a rapidly evolving landscape.

DORA: Upcoming Next Big Deadline

The Digital Operational Resilience Act (DORA) is approaching a critical deadline, requiring financial firms to strengthen their IT risk management and cybersecurity frameworks. This article highlights the key compliance challenges and the urgent actions companies must take to meet regulatory expectations. With the clock ticking, financial institutions need to assess their operational resilience strategies, collaborate with third-party service providers, and implement robust security measures to avoid penalties and ensure seamless compliance.

The Future of Business Banking: Affordability and Digital Innovation

The article predicts significant shifts in business banking by 2025, driven by growing demand for cost-effective and digital-first solutions. According to a NerdWallet survey, UK business leaders prioritize affordability, with 43% preferring accounts without monthly fees and 34% valuing free basic transactions. Digital convenience is also crucial, with 37% of businesses favoring online access over in-branch services and many emphasizing user-friendly apps. Traditional banks must adapt by modernizing offerings to remain competitive, as fintech solutions and challenger banks cater to evolving business needs.

Exploring Fintech Trends: What to Expect in 2025

In 2025, fintech will see a surge in multi-generational banking solutions, ESG integration across products, and compliance modernization driven by DORA. Real-time reporting will become standard, pushing banks to upgrade systems. Additionally, "Core Banking as a Service" (CBaaS) is set to revolutionize the industry, enabling flexible, cloud-based financial solutions. These developments aim to enhance personalization, transparency, and competitiveness while meeting customer and regulatory demands. The evolution underscores the industry's drive toward innovation and sustainability.