Tagged: monetary authority of singapore

February 4, 2020 @ 7:39 am By JD Alois  |  

Asset management firm Mindful Wealth has re-domiciled in Singapore to benefit from the new “Variable Capital Companies” (VCC) framework. Mindful Wealth currently claims over $600 million in assets under management (AUM). The company originally started in Switzerland providing wealth management and other corporate services. Mindful… Read More

February 3, 2020 @ 11:32 am By JD Alois  |  

iSTOX, a blockchain-based platform, is now the first digital securities issuance, custody, and trading platform, licensed in Singapore. iSTOX recently “graduated” from the Monetary Authority of Singapore’s Fintech Sandbox program and has received regulatory approval to operate and provide digital asset issuance and trading. This… Read More

January 7, 2020 @ 7:39 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has seen 21 different entities apply for a digital-only bank license. MAS had set a deadline for applications of December 31, 2019. MAS is offering just 5 different digital bank licenses. These licenses include two digital full bank (DFB)… Read More

January 2, 2020 @ 7:45 am By Omar Faridi  |  

A consortium, which includes Fintech firm Razer and the founders of Sheng Siong, has reportedly filed an application for obtaining a digital full-bank license in Singapore. The application notes that the consortium wants to mainly focus on the “underserved youth and millennials segment.” Insurance business… Read More

December 24, 2019 @ 12:33 pm By JD Alois  |  

Earlier this year the Monetary Authority of Singapore (MAS) revealed its intent to issue digital bank licenses. Announced in June, applicants have until the end of this year (December 31) to apply. This means a license for digital-only banks. Existing traditional banks that offer digital… Read More

December 23, 2019 @ 10:37 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), the securities regulator for the country, has commenced consultation on “E-money and digital payment tokens (DPTs).” Singapore is a well-recognized Fintech hub. Financial innovation in the country has been aided by the explicit support of policymakers including the leading… Read More

November 19, 2019 @ 3:22 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) sponsored Singapore Fintech Festival attracted over 60,000 participants this year. The week-long event that recently ended saw registrations from 140 different countries along with 569 different speakers, 1000 exhibitors, and 41 international pavilions. This is according to MAS. Singapore… Read More

November 18, 2019 @ 7:18 am By JD Alois  |  

iSTOX, a regulated capital markets platform that provides digital security issuance and trading, has raised $5 million in funding from Tokai Tokyo Financial Holdings. According to a release from iSTOX, the funding also brings a valuable partnership that provides a gateway to accredited and institutional… Read More

November 13, 2019 @ 12:14 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is working with financial industry partners to create a framework for financial institutions on the responsible adoption of Artificial Intelligence (AI) and Data Analytics (AIDA). The new framework has been given the name “Veritas.” The goal is to enable… Read More

November 11, 2019 @ 10:29 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has partnered with Deloitte and S&P Global Market Intelligence to develop a prototype platform for a Fintech Research Platform to help pair Fintech startups with investors and financial institutions. The goal of the platforms is to help fintechs partner… Read More

November 11, 2019 @ 12:44 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

November 10, 2019 @ 4:34 pm By JD Alois  |  

Propine, described as a comprehensive securities services provider for digital securities, has been accepted into the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox.  Singapore is a prominent Fintech hub and has pushed forward on the emerging digital security sector powered by distributed ledger technology. … Read More

October 31, 2019 @ 1:10 pm By Omar Faridi  |  

Carbon exchange AirCarbon has announced the launch of a globally accessible tokenized carbon credits trading platform. The Singapore-based platform will allow airline companies to purchase and sell tokens that represent Eligible Emission Units (EEUs) or carbon offset credits. The platform’s services were recently approved by… Read More

October 10, 2019 @ 3:28 pm By JD Alois  |  

In a wide-ranging speech at The World Federation of Exchanges General, Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore (MAS) addressed the advent of blockchain or distributed ledger technology (DLT) in the utilization of regulated securities and exchanges. Singapore is a noted Fintech Hub… Read More

October 2, 2019 @ 7:00 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have revealed the 40 finalists have been shortlisted for the Fintech Awards to be presented at this year’s Singapore FinTech Festival x Singapore Week of Innovation and Technology (SFF x SWITCH)…. Read More

September 30, 2019 @ 12:26 pm By JD Alois  |  

Fintech Funderbeam has received a financial services license from the Monetary Authority of Singapore (MAS). This means that Funderbeam will be able to provide funding options to the Singapore market thus representing a significant expansion from its European base. Singapore based Funderbeam Markets Pte Ltd…. Read More

September 21, 2019 @ 12:03 pm By Omar Faridi  |  

Ravi Menon, head of the Monetary Authority of Singapore (MAS), the nation’s central bank, has warned that Facebook’s controversial stablecoin project Libra raises significant global financial risks, which must be addressed by regulatory authorities.  Menon joins a growing list of regulators throughout the world who’ve… Read More

September 16, 2019 @ 11:39 pm By JD Alois  |  

iSTOX, a digital securities issuer and secondary trading platform, has hired Lim Mei Shern as its new Head of Compliance. Lim was previously at the Monetary Authority of Singapore (MAS) where she spent the past 15 years in the supervision of capital markets as well… Read More

September 16, 2019 @ 4:48 pm By JD Alois  |  

Last month, the Monetary Authority of Singapore (MAS) began accepting applications for digital-only banks. The applications were being accepted by Fintechs and not established, traditional banks. MAS is expected to issue up to two digital full bank licenses and three digital wholesale bank licenses. The… Read More

September 9, 2019 @ 7:03 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank, revealed that a new regulatory evaluation program is being developed to connect payment companies with legal service providers.  The program is part of a joint initiative launched by the MAS and the Singapore Academy of… Read More