Tagged: mas

August 22, 2021 @ 7:00 pm By Omar Faridi  |  

Investment management company Investcorp and Singapore’s private capital exchange ADDX have teamed up to further expand the use of digital securities in the private markets. The first product that been introduced under the partnership is a diversified portfolio of US residential properties from the Sunbelt… Read More

August 11, 2021 @ 11:30 am By Omar Faridi  |  

Fraxtor Private Ltd, an online real estate platform, has acquired in-principle approval for its Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The CMS License, after it’s issued, should allow Fraxtor to issue security tokens including debentures and collective investment schemes… Read More

August 3, 2021 @ 9:35 am By Omar Faridi  |  

Digital currency exchange Independent Reserve revealed on Monday (August 2, 2021) that it had acquired an “in-principle approval” letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) “to operate as a regulated… Read More

July 8, 2021 @ 11:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Banque de France (BdF) say the two agencies have successfully completed a test using central bank digital currency (CBDC) for a wholesale cross-border payment and settlement. Both jurisdictions have been known to be experimenting with CBDCs with the… Read More

July 5, 2021 @ 7:06 pm By Omar Faridi  |  

Contour, a blockchain or distributed ledger tech (DLT)-enabled trade finance network that was previously called Voltron, has established a new innovation lab in Singapore. Contour says it will be working cooperatively with its wide network of banking institutions, corporates and various other ecosystem partners to… Read More

June 29, 2021 @ 7:16 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) reveals that it has introduced an international challenge for retail central bank digital currency (CBDC) solutions. The Global CBDC Challenge from the MAS will aim to find innovative retail CBDC solutions to improve existing payment processes while promoting greater… Read More

June 17, 2021 @ 12:03 am By JD Alois  |  

The ASEAN Financial Innovation Network (AFIN) has partnered with R3 to build and test central bank digital currencies (CBDCs). CBDCs have emerged as a hot topic of governmental innovation – fueled in part by the rise of stablecoins utilized as digital references of fiat currency…. Read More

June 10, 2021 @ 9:17 pm By Omar Faridi  |  

Singapore-headquartered Fintech firm BondEvalue has secured $6 million in capital through its Series A round. The company has raised $10 million in total (to date). MassMutual Ventures Southeast Asia and Citigroup were the new investors in BondEvalue’s latest investment round and are now expected to… Read More

June 10, 2021 @ 7:32 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of the city-state, confirmed recently that it will be setting aside $1.8 billion for Climate-related investment initiatives. The MAS, which administers the various statutes pertaining to money, banking, insurance, securities, and the… Read More

May 26, 2021 @ 10:05 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Mojaloop Foundation revealed on Wednesday (May 26, 2021) that MAS will be joining the Mojaloop Foundation as a Sponsor-level member in order to collaborate on offering the underserved access to “affordable” financial services via digital currency based settlement… Read More

May 9, 2021 @ 9:24 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of Singapore revealed on May 6, 2021 that it has introduced the sixth edition of the Global Fintech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance.” As mentioned in the… Read More

May 5, 2021 @ 10:04 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), a global payments solution provider, reveals that its Singapore-based business entity has managed to acquire approval from the Monetary Authority of Singapore (MAS). The permit will allow Adyen to perform merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from… Read More

April 30, 2021 @ 11:14 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced a new grant program targeting Regulatory Technology or Regtech that is said to be an enhancement of the Digital Acceleration Grant (DAG) scheme to accelerate technology adoption.  In a public statement, MAS said it will commit S$42… Read More

April 5, 2021 @ 11:53 pm By Omar Faridi  |  

Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity, has revealed they’ve entered into a contract to create a ‘Virtual Asset AML’ solution for the Coin&Coin exchange that “complies with the amendment of the Special Money Act in South… Read More

April 5, 2021 @ 9:27 pm By Omar Faridi  |  

The National University of Singapore (NUS), a leading research university and the oldest higher education institution in the city-state, will reportedly be providing two new graduate-level programs focused on Fintech during the upcoming academic year. The program aims to assist with creating a comprehensive ecosystem… Read More

April 2, 2021 @ 6:18 pm By Omar Faridi  |  

Uppsala Security has revealed that it received a Financial Sector Development Grant from the Monetary Authority of Singapore (MAS). Uppsala Security, an established provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity confirmed on April 2, 2021, that they were chosen by… Read More

March 31, 2021 @ 10:11 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) revealed on March 31, 2021, that Singapore plans to take part in global efforts to improve the overall capacity of the International Monetary Fund (IMF) to provide assistance to “vulnerable” low-income nations in “dealing with the economic fallout from… Read More

March 23, 2021 @ 8:04 am By Omar Faridi  |  

Vancouver-based Fintech firm Beanworks will reportedly be acquired for $105 million. As reported by BIV, Beanworks is considered a high-growth tech firm and its acquisition deal is estimated at over $100 million. French enterprise services company Quadient SA ADR stated on Monday (March 22, 2021)… Read More

March 22, 2021 @ 9:45 am By JD Alois  |  

iSTOX, a tokenization platform regulated by the Monetary Authority of Singapore (MAS), says it has tokenized Astrea VI private equity bonds which were issued earlier this month by Astrea VI Pte. Ltd. iSTOX claims this is the first time digital tokens with exposure to bonds… Read More

March 1, 2021 @ 10:55 pm By Omar Faridi  |  

Buy Now, Pay Later or BNPL adoption is on track to grow significantly in the next few years with the Asia-Pacific region being one of the main drivers. A study performed by Coherent Market Insights reveals that the international BNPL market had been valued at… Read More