Tagged: singapore

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 16, 2021 @ 2:46 pm By JD Alois  |  

Change, a European crypto investment platform, says it has opened an office in Singapore in the first step towards global expansion. Singapore is a noted Fintech hub that is supported by a regulatory regime that seeks to enable Fintech innovation. This past summer, Change reported… Read More

September 15, 2021 @ 9:00 am By Omar Faridi  |  

HaloDAO is collaborating with YGG for “local” stablecoin support “for simpler cash out,” according to an update shared with Crowdfund Insider. HaloDAO, a stablecoin marketplace protocol, is working cooperatively with Yield Guild Games (YGG) to “enable YGG community members to support simpler cash outs in… 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

September 13, 2021 @ 10:40 pm By Omar Faridi  |  

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

September 13, 2021 @ 6:19 pm By JD Alois  |  

Making certain a person or business is actually who or what they claim to be is very important. In a world that has migrated to virtual offices and digital meetings, the task of validation is an even greater necessity. AsiaVerify is a Regtech firm based… Read More

September 7, 2021 @ 8:34 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is partnering with Singapore-based National Trades Union Congress (NTUC) in order to establish an all-digital banking platform. Standard Chartered subsidiary SCBSL will reportedly be providing SGD 144 million for 60% of the joint initiative, with NTCU-controlled BetaPlus retaining the other 40%… Read More

September 6, 2021 @ 11:37 pm By Omar Faridi  |  

Singapore Exchange (SGX) recently revealed that they’ve created updated rules that will allow Special Purpose Acquisition Companies (SPACs) to list on its Mainboard “effective 3 September 2021.” Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo), noted that SGX’s SPAC framework should give firms… Read More

September 5, 2021 @ 6:32 pm By Omar Faridi  |  

StashAway, a digital wealth management platform, has officially launched in Thailand, which marks a completely new overseas market for the Singapore-headquartered Fintech firm. StashAway, which mainly offers Robo-advisory services, has already established operations in Dubai, Hong Kong, and Malaysia. The StashAway platform, currently accessible to… Read More

September 3, 2021 @ 10:19 am By JD Alois  |  

Cabital, a crypto exchange, wallet, and yield platform, has raised $4 million in seed funding according to a note from the company. Investors include SIG, Dragonfly, and GSR. The post-money valuation was pegged at $40 million. Cabital reports that it previously raised $3 million in… Read More

September 2, 2021 @ 7:57 pm By Omar Faridi  |  

Digital securities exchange ADDX – previously doing business as iSTOX – expects to “enlarge its business in China significantly, after concluding a $200-million agreement tied to a government-granted quota for Chinese offshore investments,” according to an update shared with Crowdfund Insider. The Qualified Domestic Limited… Read More

September 2, 2021 @ 7:04 am By Omar Faridi  |  

The London Stock Exchange Group (LSEG) has introduced a dedicated sustainable finance innovation division in Singapore as a key part of its new LSEG Labs network. As noted by the LSEG, the division will mainly focus on offering sustainable finance solutions and capabilities in order… Read More

September 1, 2021 @ 10:02 pm By JD Alois  |  

FOMO Pay, Fintech based in Singapore, has been approved by the Monetary Authority of Singapore (MAS) to operate three new regulated activities — Merchant Acquisition Service, Domestic Money Transfer Service, and Digital Payment Token Service. FOMO Pay describes itself as a one-stop digital payment solution… Read More

August 31, 2021 @ 11:28 pm By Omar Faridi  |  

Singapore-based Zipmex, a digital assets platform, has secured $41 million through a Series B round which was led by Bank of Ayudhya’s VC division, Krungsri Finnovate. Zipmex‘s latest investment round is joined by Plan B Media Public Company Ltd, Master Ad Public Company Ltd, MindWorks… Read More

August 31, 2021 @ 9:01 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has launched a joint initiative with Linklogis, a supply chain finance tech solution provider from China, in order to provide a blockchain or DLT-powered trade finance platform, called Olea. Standard Chartered stated that Olea is an all-digital trade finance origination and… Read More

August 31, 2021 @ 8:19 pm By Omar Faridi  |  

Singapore-based Network for Electronic Transfers (NETS), an electronic payment solution provider, has confirmed the appointment of Susan Hwee, UOB’s Head of Group Technology and Operations as its new Chairperson. Susan’s appointment should become effective from September 1, 2021. The chairmanship of NETS is usually rotated… Read More

August 30, 2021 @ 10:53 pm By Omar Faridi  |  

Trading Technologies International, Inc. (TT), an international provider of high-performance professional trading software, infrastructure and data solutions, and Mysteel Singapore Pte ltd (known as Mysteel Commodity Services), an established commodities broker with a “major focus” on China, confirmed that they’ve partnered to introduce an electronic… Read More

August 30, 2021 @ 10:10 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, revealed on August 30, 2021 that 15 finalists were selected for the international competition to create a retail Central Bank Digital Currency (CBDC) solution (Global CBDC Challenge). The finalists include financial institutions,… Read More

August 29, 2021 @ 11:00 pm By Omar Faridi  |  

Ethis Global Sdn Bhd, which operates “regulated” Shariah-compliant, “ethical” and impact focused investment crowdfunding platforms in Indonesia and Malaysia and social finance platform GlobalSadaqah, recently revealed that it finalized an RM6.8 million (appr. $1.62 million) pre-Series A round. The proceeds have will be allocated towards… Read More

August 27, 2021 @ 4:39 pm By Tony Zerucha  |  

Digital Horizon Venture Fund this week was among the investors in Singapore Fintech Honest Bank’s Series A financing round. The company raised a total of $19.7 million, with the round led by Insignia Ventures Partners and Digital Horizon VC. Digital Horizon contributed $5.5 million of… Read More