FintechNews.sg – Weekly Newsletter
Period: February 1 – February 7, 2026
📝 Executive Summary
- This week’s fintech news cycle saw a strong focus on fraud, security and payments infrastructure, with major reports highlighting growing sophistication in identity fraud and large‑scale fraud losses across Asia Pacific. These insights underline the continuing importance of risk management investments across financial services. (Fintech Singapore)
- Singapore’s fintech ecosystem continued to reinforce its payments hub status, with reports showing the city‑state surpassing ASEAN peers in fintech funding and digital wallet adoption, and with new merchant payment services launching locally. (Fintech Singapore)
- Local business environment coverage expanded beyond core fintech into entrepreneurship basics, reflecting broader interest in Singapore as an attractive startup jurisdiction. (Fintech Singapore)
- Partnerships and global payments activity accelerated, with a notable global collaboration between a major payments infrastructure provider and a leading streaming service, highlighting the ongoing commercialisation of digital payments at scale. (Fintech Singapore)
📈 Key Trends
- Rising fraud sophistication: Fraudsters are using AI tools to craft more complex attacks, even as overall identity fraud rates dip. (Fintech Singapore)
- Asia Pacific fraud losses surge: Estimated losses across Asia Pacific reached hundreds of billions in 2024, pointing to escalating risk exposure. (Fintech Singapore)
- Singapore as a payments leader: Singapore’s fintech sector, especially payments, is attracting significant capital and maintaining high digital wallet adoption. (Fintech Singapore)
- Global merchant and payments partnerships continue to expand, underlining cross‑border commerce needs. (Fintech Singapore)
- Entrepreneurship ecosystem coverage broadens to include foundational business setup guidance in Singapore’s fintech community. (Fintech Singapore)
🇸🇬 Singapore
📌 Payments
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Singapore Surpasses ASEAN Peers with US$319 Million in Fintech Funding (3 days ago) A report by the Singapore FinTech Association and PwC shows Singapore’s fintech sector raised over US$319 million in early 2025, exceeding combined funding in key Southeast Asian markets and cementing its role as a payments innovation hub with near‑universal banked adults and high digital adoption. Source: https://fintechnews.sg/125603/payments/singapore-fintech-association-payments-state-of-play-2026-report/ (Fintech Singapore)
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Checkout.com Powers Spotify’s Subscription Payments in 180 Countries (3 days ago) Checkout.com announced a global partnership to handle Spotify’s subscription transaction flows across more than 180 countries, reflecting continued expansion of payments infrastructure services at global scale. Source: https://fintechnews.sg/125579/payments/checkout-com-spotify/ (Fintech Singapore)
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Revolut Business Enters Singapore’s Merchant Payments Market (3 days ago) Revolut Business rolled out integrated merchant payment tools in Singapore, enabling local merchants to accept omnichannel payments through a unified platform. Source: https://fintechnews.sg/125572/payments/revolut-merchant-payments/ (Fintech Singapore)
🛡️ Security & Risk
- Identity Fraud Enters a More Sophisticated Phase, Sumsub Report Finds (4 days ago) A global identity fraud report indicates that while total fraud attempts may be decreasing, the complexity of attacks—particularly those leveraging AI‑generated fake documents—is rising, signaling elevated risk for financial institutions and fintech platforms. Source: https://fintechnews.sg/125321/security/sumsub-identity-fraud-report/ (Fintech Singapore)
📚 Business & Ecosystem
- Understanding Company Incorporation Packages in Singapore: What Founders Really Get (today) An analysis of what entrepreneurs receive with company incorporation packages in Singapore, framed by the city‑state’s attractive regulatory regime, strategic location and startup‑friendly environment. Source: https://fintechnews.sg/126040/project-management/understanding-company-incorporation-packages-in-singapore/ (Fintech Singapore)
🌏 Southeast Asia
🛡️ Security / Fraud
- The $688 Billion Fraud Problem in Asia Nobody’s Talking About Enough (5 days ago) A regional overview details Asia Pacific’s estimated US$688 billion in fraud losses for 2024, offering insights into AI‑driven scam tactics and the breadth of fraudulent activity threatening financial services growth. Source: https://fintechnews.sg/125420/security/fraud-trends-asia-pacific/ (Fintech Singapore)