FintechNews.sg – Weekly Newsletter February 7, 2026

Posted on February 07, 2026 at 05:45 PM

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)
  • 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

🛡️ 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


🌏 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)