Tagged: singapore

Singapore Financial Firms Urged to Maintain Scrutiny of North Korea, Iran and Myanmar Risks

Singapore’s financial institutions have been told to maintain heightened scrutiny of transactions and business relationships linked to North Korea, Iran and Myanmar. This comes as the Financial Action Task Force (FATF) warned of continuing risks from illicit financing, weapons proliferation and cyber scams. The Monetary… Read More

Pine Labs, Stripe Partner to Unify Online, In-Store Payments for Singapore Retailers

Pine Labs and Stripe are partnering to help retailers in Singapore manage online and in-store payments through a single platform, as businesses seek to simplify payment operations across digital and physical sales channels. The unified commerce solution will combine Stripe’s online payment capabilities with Pine… Read More

Singapore Launches Initiative to Accelerate AI Adoption in Financial Services

Singapore has launched an industry-wide initiative to accelerate the adoption of artificial intelligence in financial services, with a focus on helping institutions deploy AI agents and manage the risks associated with the technology. The Future of Finance Institute (FFI) commenced operations this week, bringing together… Read More

Hong Kong Established Asia’s Crypto and Blockchain Industry, Then Talent Fled to Singapore

Hong Kong once served as a primary launchpad for Asia’s cryptocurrency sector. Early exchanges, trading desks, and developer communities took root in the city, drawn by its common-law framework, deep capital markets, and proximity to both mainland China and global finance. That foundation helped seed… Read More

Singapore Expands Equity Market Programme With $1.13bn Allocation

Singapore’s central bank will allocate S$1.45 billion ($1.13 billion) to five global asset managers under its equity market development programme and commit a further S$20 million to support market making in locally listed stocks. The Monetary Authority of Singapore (MAS) said it had appointed Amundi,… Read More

Hardware Wallets Ledger, Trezor, Coldcard, Keystone Have Lost Their Reliability

Hardware wallets have long been promoted as the gold standard for self-custody, isolating private keys offline from internet-connected threats. In 2026, a cascade of supply-chain compromises, third-party data breaches, and firmware failures has eroded that premise. From tampered Ledger devices reported in Singapore a month… Read More

Singapore Police Force Warns of Tampered Ledger Hardware Wallets Linked to Appr. S$3.5 Million in Losses

The Singapore Police Force (SPF) has issued a public advisory highlighting recent incidents involving compromised Ledger cryptocurrency hardware wallets. Since 10 September 2026, authorities have received reports of at least two cases in which individuals suffered combined losses of approximately S$3.5 million after purchasing the… Read More

Singapore Wealthy Clients Hold Most Assets In Cash Despite Rising Mutual Fund Uptake: Citi

Singapore’s wealthy investors are increasing their use of mutual funds, but cash and liquid deposits still account for more than 70% of their assets, highlighting the scope for greater investment diversification, according to a report by Citi Wealth and research firm RFI Global. Average assets… Read More

Singapore, Malaysia and Thailand Central Banks Join Digital Money Initiative

The central banks of Malaysia and Thailand have joined the Monetary Authority of Singapore’s (MAS) BLOOM initiative to develop common approaches for using digital money in cross-border transactions, according to an announcement. The development comes as financial institutions explore tokenised deposits and regulated stablecoins. The… Read More

IFC Proposes Up To $30 Million For Unloq-Backed Trade Finance Programme

The International Finance Corporation (IFC) is proposing to invest up to $30 million in a $500 million asset-backed securitisation programme to expand supply chain financing for small and medium-sized businesses across Asia Pacific. According to a project proposal seen by CrowdFund Insider, the investment,  would… Read More

Singapore Economist Urges Caution as AI Boom Runs Ahead of Productivity Gains

Artificial intelligence investment is sustaining global demand, but central banks should not assume the technology has already raised productivity or changed the economic conditions that guide monetary policy, a senior Monetary Authority of Singapore (MAS) official said. Edward S. Robinson, MAS deputy managing director for… Read More

Singapore AI Health Tech Startup Genie Health Raises $3m Seed Funding

Singapore-based Genie Health has raised $3 million in seed funding to expand its artificial intelligence platform, which helps individuals make sense of their health information and enables clinics to provide more personalised care. The funding round was led by Nadathur Family Office, with participation from… Read More

Nasdaq Adena Friedman CEO Sees Tokenization Freeing Billions in Locked Collateral Amid Broader TradFi and DeFi Convergence

Nasdaq (NASDAQ: NDAQ) chief executive Adena Friedman has highlighted how representing traditional assets and cash movements as blockchain-based tokens could release substantial capital currently immobilized as collateral across global markets. Speaking at the TOKEN2049 conference in Singapore, she explained that converting instruments such as US… Read More

Singapore Central Bank Chief Says CBDCs Needed As Digital Money Scales

Singapore’s central bank will step up work on wholesale central bank digital currencies (CBDCs) and stablecoin regulation as tokenised financial markets develop, with the Monetary Authority of Singapore (MAS)’s managing director saying central bank money will ultimately be needed to anchor monetary stability. Chia Der… Read More

Startale Japan Opens Digital Corporate Bond That Pays Interest and Principal in Yen Stablecoin JPYSC

Startale Japan has opened subscriptions for a digital corporate bond that settles both coupon payments and principal repayment in JPYSC, a yen-denominated stablecoin issued by SBI Shinsei Trust Bank. Announced on October 6, 2026, the offering is presented as the first Japanese digital corporate bond… Read More

IFS Capital To Securitise S$79m Of Singapore Property-Backed MSME Loans

Singapore-listed financial services firm IFS Capital Limited is set to securitise S$79 million of loans to micro, small and mid-sized enterprises, in a transaction that will allow the company to free up capital for new lending. Financial close for the group’s first loan securitisation programme… Read More

Singapore’s MAS Reshuffles Senior Management, Names New Heads for Key Functions

The Monetary Authority of Singapore (MAS) will make changes to its senior management team from Nov. 1, including appointing new leaders for corporate development, financial crime policy, and the development of Singapore as an international financial centre. Jacqueline Loh, currently deputy managing director for corporate… Read More

Singapore Finance Industry To Train 80,000 Workers In AI Skills By 2028

Singapore’s financial institutions should plan for their workforce alongside artificial intelligence adoption as AI changes jobs across the sector, Deputy Prime Minister and Monetary Authority of Singapore Chairman Gan Kim Yong said. Speaking at the Institute of Banking and Finance Distinction Evening on Sept. 24,… Read More

Singapore Financial Stability Risks Rise As AI Investment, Fiscal Pressures Lift Cost Of Capital

Global financial stability risks have increased as higher sovereign borrowing needs, an investment-intensive artificial intelligence cycle and geopolitical tensions push up the cost of capital, the Monetary Authority of Singapore said in its latest financial stability review. Long-term nominal and real sovereign yields have risen… Read More

AI Thesis Now Mandatory for Every Deal, Says Warburg Pincus Asia Head

Private equity major Warburg Pincus is hard‑wiring artificial intelligence into every stage of its investment process, treating AI as a mandatory lens for both new deals and portfolio value creation. Senior managing director Vishal Mahadevia, speaking at DealStreetAsia’s Asia PE-VC Summit in Singapore, said the… Read More

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