Tagged: monetary authority of singapore

May 15, 2022 @ 4:17 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS) and industrial AI pioneer Red Dot Analytics (RDA), a deep tech spin-off from Nanyang Technological University (NTU), Singapore, have announced a collaboration “to enable greater sustainability in… Read More

April 20, 2022 @ 4:16 pm By Omar Faridi  |  

Australia Treasury and the Monetary Authority of Singapore (MAS) recently signed the Australia-Singapore Fintech Bridge Agreement in order “to strengthen cooperation between the Fintech ecosystems of both countries.” The commencement of discussions to develop the Fintech Bridge was “announced in June 2021, when Australian Prime… Read More

March 28, 2022 @ 11:45 pm By Omar Faridi  |  

Greenland Financial Technology Group (Shanghai), a core platform of Greenland Group, a Fortune 500 company and one of Shanghai’s biggest state-backed enterprises focusing on real estate, infrastructure and finance, and the MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary… Read More

March 26, 2022 @ 8:47 pm By Omar Faridi  |  

The NGFS released a “Statement on Nature-related financial risks”, which acknowledges that nature-related risks, “including those associated with biodiversity loss, could have significant macroeconomic implications, and that failure to account for, mitigate, and adapt to these implications is a source of risks relevant for financial… Read More

March 10, 2022 @ 2:43 pm By Tony Zerucha  |  

Paxos, a blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act 2019. With this license, Paxos becomes one of the first blockchain services providers to meet the highest standard… Read More

February 16, 2022 @ 9:39 pm By Tony Zerucha  |  

The Monetary Authority of Singapore(MAS) has laid the hammer down on DBS Bank after its digital banking services were widely unavailable for three days toward the end of last November. In a public statement, the Monetary Authority of Singapore said it has imposed an additional… Read More

February 6, 2022 @ 4:57 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently noted that banks in the Southeast Asian country have “substantially” implemented the additional measures to enhance the security of virtual banking announced on 19 January 2022. The measures, taken together, offer a “significant” added layer of security to… 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

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 9, 2021 @ 9:57 pm By Tony Zerucha  |  

The six-month wait was worth it. The Monetary Authority of Singapore (MAS) has reportedly approved Nityo Infotech’s $100 million investment in MatchMove, a Singapore-based digital payments and banking fintech. The assent of the deal, which was originally agreed to in early summer, was reported by… 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 9, 2021 @ 2:50 pm By Tony Zerucha  |  

CBDCs have the potential to make a significant impact on global finance, but appropriate safeguards need to be in place, an official from the Monetary Authority of Singapore (MAS) said today. The industry gathered for the Singapore FinTech Festival, where one of the presenters was… 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