Tagged: mas

January 21, 2022 @ 6:12 pm By Tony Zerucha  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have responded to a recent spike in SMS phishing scams by introducing stricter security measures, they announced this week. The MAS said it expects all financial institutions to have “robust measures”… Read More

January 18, 2022 @ 10:43 pm By Tony Zerucha  |  

The Network for Greening the Financial System (NGFS) this week announced the appointment of the Monetary Authority of Singapore’s (MAS) managing director Ravi Menon as their new chair. He will serve for a two-year term. Formed at the Paris One Planet Summit in December 2017 by… Read More

January 18, 2022 @ 5:56 pm By Tony Zerucha  |  

The Monetary Authority of Singapore (MAS) today took steps to effectively ban the advertising of cryptocurrencies to the general public. The guidelines cover payment institutions, banks and other financial institutions, as well as applicants under Singapore’s Payment Services Act. Services included in the directives are… Read More

January 15, 2022 @ 4:09 pm By Omar Faridi  |  

Fintech platform Airwallex has announced its official launch in Singapore, following its grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS) and “a beta launch in November last year.” Singapore businesses are now able to benefit from Airwallex’s suite… Read More

January 12, 2022 @ 11:05 am By Tony Zerucha  |  

ADDX, a Singapore-based firm, is making private market investing available to many wealthy investors who were previously excluded from the opportunity. There is strong demand for the service, Oi-Yee Choo ADDX chief commercial officer said. Choo brings two decades of capital raising and mergers and… Read More

December 28, 2021 @ 9:45 am By JD Alois  |  

Once again, the Monetary Authority of Singapore (MAS) is urging the population to give e-hong baos as opposed to physical cash. While telling people the digital version is more environmentally friendly, the digital version should also help limit queuing at banks that can fuel COVID… Read More

December 27, 2021 @ 11:27 pm By Omar Faridi  |  

Mr Leong Sing Chiong, Deputy MD at the Monetary Authority of Singapore (MAS), noted (during the annual IBF Distinction Evening program) that every year, the financial services industry gathers to “recognize those who have reached the pinnacle of their professions, and those who have contributed significantly… Read More

December 13, 2021 @ 9:37 am By JD Alois  |  

Binance has shut down its Singapore-facing crypto exchange. The news follows a series of events that have eventually led to Binance exiting the top Asian Fintech market with a wholly owned trading platform. Binance Singapore was originally granted an exemption from holding a license under… Read More

December 1, 2021 @ 8:04 pm By Tony Zerucha  |  

Asian cryptocurrency payments company TripleA has been granted a digital payment token license by the Monetary Authority of Singapore (MAS). TripleA is the first standard payment institution to receive this license, the company said. The designation allows TripleA to provide end-to-end cryptocurrency payment services for… Read More

November 26, 2021 @ 2:00 pm By Tony Zerucha  |  

While the DBS Bank motto is “Live more, bank less,” some customers found they could not bank at all after some services were disrupted for days earlier this week. The problem was discovered Tuesday morning when customers began having issues with account logins. Initial communications… Read More

November 11, 2021 @ 11:37 am By JD Alois  |  

Singapore and Abu Dhabi (UAE), have completed a pilot of a “world’s first” cross-border digital trade financing pilot. The pilot was completed in partnership with the Monetary Authority of Singapore (MAS), Singapore’s Infocomm Media Development Authority (IMDA),  the Financial Services Regulatory Authority (FSRA) of Abu… Read More

November 8, 2021 @ 10:07 pm By Omar Faridi  |  

Tencent revealed at the Singapore Fintech Festival 2021 that it will be teaming up with the Asian Institute of Digital Finance (AIDF), which is an institute within the National University of Singapore (NUS) that has been established by the Monetary Authority of Singapore (MAS), the… Read More

October 31, 2021 @ 6:14 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has announceed the finalists for the Global Fintech Hackcelerator and the Singapore Fintech Festival (SFF) Global Fintech Awards. These Awards are among “the key highlights of SFF 2021, which will take place from 8 to 12 November 2021,” according to… Read More

October 23, 2021 @ 4:57 pm By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announced that it has completed “its first set of live trades on its electronic foreign exchange (e-FX) hub, based in SG1.” The e-FX hub, which was created with assistance from the Monetary Authority of Singapore (MAS), allows Deutsche Bank’s customers to… Read More

October 3, 2021 @ 9:49 pm By Omar Faridi  |  

Japanese financial giant SBI Holdings, Switzerland’s crypto-asset bank Sygnum, and European asset management firm Azimut Group have introduced a VC fund of up to $75M that will be based in Singapore. It will focus on making investments in startups operating in the digital assets space…. Read More

October 3, 2021 @ 7:25 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s reserve bank and financial regulator, and Bank Negara Malaysia (BNM). the central bank of the Southeast Asian country, revealed that they are beginning a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment solutions. The initial… Read More

September 28, 2021 @ 4:29 pm By Omar Faridi  |  

Digital securities exchange ADDX reveals that it has tokenized an allocation from a private equity fund that is being managed by Partners Group, an international private markets investment company. As mentioned in a release shared with CI, the allocation from the Partners Group Global Value… Read More

September 23, 2021 @ 10:27 pm By Omar Faridi  |  

InvestaX (IC SG Pte Ltd) has introduced an exchange in the Monetary Authority of Singapore (MAS) sandbox, offering key infrastructure for “bringing liquidity to digital securities.” As mentioned in a release, InvestaX is a Singapore-based, MAS-licensed online investment and trading platform for Digital Securities (DSO)… Read More

September 16, 2021 @ 6:22 pm By Omar Faridi  |  

The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) recently revealed that malicious actors overseas had been able to divert and use SMS one-time passwords (OTPs) to carry out fraudulent credit card transfers impacting 75 banking clients based… Read More

September 14, 2021 @ 3:31 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today have announced their intent to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The goal is to provide instantaneous, low-cost fund transfers directly from one… Read More