Tagged: singapore

Monetary Authority of Singapore Announces New S$30 Million Cybersecurity Capabilities Grant

The Monetary Authority of Singapore (MAS) announced on Monday the launch of a new S$30 million Cybersecurity Capabilities Grant to strengthen the cyber resilience of the financial sector in Singapore and help financial institutions develop local talent in cybersecurity. According to MAS, the Grant was… Read More

Blockchain Zilliqa Testnet Adds Smart Contract Sharding, Schedules Mainnet for January 31st

Zilliqa, a blockchain project that is on a mission to provide a scalable, enterprise iteration of distributed ledger technology, has announced smart contract sharding with Testnet V3. This is the final testing phase before the mainnet is released, an event that is scheduled for January 31, 2019…. Read More

KuCoin Teams Up With Simplex to Enable Credit & Debit Card Payments For Mainstream Crypto Users

KuCoin, a Singapore-based international cryptocurrency exchange, announced on Thursday it has formed a new partnership today with Simplex, an EU financial institution providing fraud-free payment processing solutions. According to KuCoin, the partnership will enable new as well as current KuCoin users worldwide to purchase crypto using their… Read More

Revolut Acquires Licenses to Expand in Japan & Singapore

Digital bank Revolut has acquired licenses to expand in Japan and Singapore. The launch in the Asian countries comes just after the fintech reportedly is planning to raise $500 million through its upcoming Series D funding round. According to CNBC, Revolut reported it received a remittance license… Read More

Pundi X Announces QEX Fund to Grow the Function X Blockchain Ecosystem

Pundi X announced on Wednesday at Consensus: Invest 2018 in New York it has partnered with Quantum Energy Asset Management (QEAM). The new fund, QEX Fund SP (QEX), is described as a hybrid fund that is open to accredited investors. The QEX fund is described as a hybrid… Read More

DBS Bank Announces New MOU With UnionPay International

DBS Bank announced earlier this week it has signed an MOU with UnionPay International,a wholly owned subsidiary of China UnionPay, will enable more than one million DBS PayLah! users to use their mobile wallet overseas for cross-border QR code payments. According to DBS, DBS PayLah! users… Read More

MAS: Shanghai and Singapore Continue to Strengthen Financial Ties

The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Regulatory Bureau (SFRB) continue to strengthen financial ties including in the hot Fintech sector. Jacqueline Loh, Deputy Managing Director of MAS, and Dr. Zheng Yang, Director General of the SFRB, highlighted the cooperation at the 4th… Read More

BlockShow Partners With Bitfury to Bring Analytical Security Software to Singapore Blockchain Event

BlockShow, a blockchain event, announced on Tuesday it has formed a partnership with Bitfury, a full-service blockchain company, to bring the analytical security software Crystal to next week’s Singapore event. The duo revealed: “Crystal, which has assisted financial institutions and law enforcement in identifying and tracing criminal… Read More

Navigating Uncharted Waters in this Crypto Bear Market

At the tail end of 2017, all eyes turned to the cryptocurrency industry when Bitcoin’s price soared to reach nearly $20,000 per coin. Articles were written, hands were shaken, and early investors in the digital currency had a very good holiday season indeed. But that… Read More

Singapore Looks to Incorporate New Regulatory Framework for Payment Services Including Crypto

Following the recent Fintech Festival in Singapore, the Monetary Authority of Singapore (MAS) has completed a new regulatory framework for payment services in Singapore. The Payment Services Bill is said to provide a “more conducive environment for innovation in payment services, whilst ensuring that risks across the payments… Read More

InstaReM Banks First $20 Million of Series C Funding

InstaReM, a Southeast Asian payments company, has closed on the first $20 million of a $45 million series, according to a report from the company. InstaReM claims to be funding one of the largest Series C rounds for a Fintech in Southeast Asian history. The… Read More

Singapore Exchange Publishes Expectations for Listed Companies Also Planning ICOs

One of Asia’s largest stock exchanges is putting the breaks on any company already listed this is also looking to issue an ICO (initial coin offering). According to a recent blog post from the Singapore Exchange (SGX), companies already listing traditional equities on the SGX that… Read More

MAS Reports that 45,000 Individuals Participated in this Year’s Singapore Fintech Festival

The Monetary Authority of Singapore (MAS) has issued a note stating this year’s annual Fintech Festival, which ended this past week, tallied approximately 45,000 participants from almost 130 different countries. MAS says this is the biggest Fintech event in the world. The Fintech Festival over… Read More

Ping An’s OnConnect Set to Open New Singapore Office; Announces Plans to Expand Within Southeast Asian Region

OneConnect, a subsidiary of China’s insurance giant, Ping An, announced on Monday it officially opens in Singapore this month and is set to expand within the region at a rapid pace. The company reported that while it is the early days for OneConnect Singapore, the new office have already received overwhelming regional customer… Read More

China: WeiyangX Fintech Review

Beijing publishes Fintech Development Plan (2018-2022) Recently, the Zhongguancun Administration Committee, the Beijing Financial Work Bureau and the Beijing Municipal Science and Technology Committee jointly issued the “Promotion of Financial Technology Development Plan (2018-2022)” (hereinafter referred to as “plan”). The goal of the plan is,… Read More

Singapore Government Names CreditEase Founder & CEO Ning Tang New Fintech Advisor

CreditEase, a huge Chinese Fintech that started as just a peer to peer lending platform, announced on Thursday its founder and CEO, Ning Tang, has been named fintech advisor for the Singapore government. Ning reportedly asked by the Singapore Government to sit in on its International Technology… Read More

Pundi X Moves Global Headquarters to Singapore

Pundi X (CURRENCY: NPXS), a global developer of blockchain-powered devices, announced on Thursday it has moved its global headquarters from Indonesia to Singapore. The company reported that it was expanding its international operations to Singapore in recognition of the country’s encouraging stance towards blockchain technology and rising… Read More

IMF Director Lagard Tells Singapore Crowd to Prepare for “New World” of Digital Money

“Change is the only constant,” began IMF Managing Director Christine Lagarde as she addressed a crowd at the Singapore Fintech Festival earlier today (November 14th). “A new wind is blowing, that of digitalization. In this new world, we meet anywhere, any time…A world in which… Read More

Monetary Authority of Singapore Announces Winners of the 2018 Fintech Awards

On Wednesday, The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival. The FinTech Awards, which is supported by PwC, recognizes innovative fintech… Read More

Singapore: MAS Looks to Speed Up the Regulation Process with a Fintech “Sandbox Express”

The Monetary Authority of Singapore (MAS) has proposed an expedited process for aspiring Fintechs participating in their regulatory Sandbox. First launched in 2016, the Singapore Fintech Sandbox seeks to foster a mutually beneficial relationship between innovator and regulator.  In an industry with profound compliance requirements, the regulator is exposed to entrepreneurs seeking to… Read More

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