Tagged: singapore

July 24, 2026 @ 8:45 am By Omar Faridi  |  

Poolin, a once-prominent cryptocurrency mining pool operator, has initiated Chapter 11 bankruptcy proceedings in the United States as part of efforts to dispose of its Texas-based facilities and conclude its activities. The Singapore-headquartered firm, along with its American subsidiaries Lonestar Dream Inc. and Lonestar Taproot… Read More

July 20, 2026 @ 10:05 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has issued new guidelines setting out its expectations for the annual audit of payment service providers (PSPs), requiring licensed firms to strengthen oversight of risk management, regulatory compliance, and controls as the city-state’s digital payments sector expands. The Guidelines… Read More

July 19, 2026 @ 7:52 pm By Michael Wong  |  

Singapore-founded crypto payments infrastructure provider Paymonade has received a Markets in Crypto-Assets (MiCA) license from Liechtenstein’s Financial Market Authority. The license allows it to offer regulated crypto-asset services across all 30 European Economic Area (EEA) member states under a single passportable license. The approval comes… Read More

July 17, 2026 @ 3:10 pm By Omar Faridi  |  

SBI Holdings has wrapped up its acquisition of Coinhako, a Singapore-based cryptocurrency exchange and services provider. The deal, which secures a controlling interest for SBI, marks the latest step in the company’s ambitious push to build a comprehensive global network for tokenized assets, stablecoins, and… Read More

July 13, 2026 @ 12:44 am By Michael Wong  |  

Singapore’s desk workers are among the least skeptical of artificial intelligence globally, but relatively few use the technology as a core part of their daily work after many early deployments failed to meet expectations, according to a Salesforce survey. Only 29% of desk workers in… Read More

July 5, 2026 @ 2:42 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) and China’s securities regulator have signed a staff exchange agreement to deepen regulatory cooperation as the two authorities expand collaboration on capital markets, digital assets, and cross-border investment initiatives. The agreement was signed during the 10th annual supervisory roundtable… Read More

June 15, 2026 @ 8:24 am By Omar Faridi  |  

Fintech Stripe is sharply focused on effectively enabling programmable finance by empowering AI agents to independently handle commercial transactions, particularly in procuring cloud infrastructure and related services. This development marks a significant step toward making autonomous AI systems full economic participants in the digital economy…. Read More

June 9, 2026 @ 5:32 am By Michael Wong  |  

Singapore-based growth equity firm Panthera Growth Partners has invested $30 million in Innefu Labs, an Indian artificial intelligence (AI) company focused on national and cyber security, as the company scales its sovereign AI platforms and prepares for an initial public offering. The capital injection, completed… Read More

June 8, 2026 @ 7:28 pm By Michael Wong  |  

Singapore-headquartered DayOne Data Centers said it has announced the final closing of its Series C equity financing with total gross proceeds of $4.5 billion, as the global digital infrastructure platform moves to accelerate expansion across Asia Pacific and Europe. The Series C round was led… Read More

June 8, 2026 @ 3:49 am By Omar Faridi  |  

Fintech Airwallex has announced its acquisition of Leapfin, a provider of financial data automation solutions focused on revenue recognition and reconciliation processes.  This move enhances Fintech platform Airwallex’s existing offerings, enabling companies to efficiently convert raw operational transaction information into fully compliant financial statements aligned… Read More

June 4, 2026 @ 4:39 am By Omar Faridi  |  

Singapore-based fintech Thunes has introduced real-time payment capabilities for sending funds into the US from international markets. Announced recently this month, this latest development now reportedly enhances its Direct Global Network, allowing businesses and consumers worldwide to transfer USD with exceptional speed, cost optimization, and… Read More

June 3, 2026 @ 12:19 am By Omar Faridi  |  

Singapore-based DBS Group (SGX:D05) is set to significantly strengthen its wealth management operations by launching 18 new wealth centres and upgrading 36 existing ones across key Asia-Pacific markets by the end of 2027. This initiative represents the largest physical expansion in the bank’s wealth franchise… Read More

June 1, 2026 @ 2:36 am By Michael Wong  |  

Southeast Asia’s AI infrastructure market is still young, uneven, and heavily concentrated in Singapore. The sector has drawn about $1.2 billion in disclosed equity funding across Indonesia, Malaysia, Singapore, and Thailand from 2015 to 2026, according to a report by private market data platform Tracxn…. Read More

May 31, 2026 @ 3:05 am By Michael Wong  |  

Singapore’s central bank said it has issued a circular guiding financial institutions to establish a client’s source of wealth in a risk-proportionate way, as part of efforts to make account opening in the wealth management industry more efficient while maintaining sound regulatory standards. The Monetary… Read More

May 25, 2026 @ 11:19 am By Michael Wong  |  

A Nasdaq-listed fertility services company is making a bet on one of the internet’s more speculative frontiers: AI-powered prediction markets. NewGenIVF Group has made an initial $2 million strategic investment in K25.ai, a Singapore-based AI-native live streaming and watch-to-predict platform, as part of a Pre-A… Read More

May 24, 2026 @ 8:47 am By Michael Wong  |  

The Singapore government is taking another step to position itself as a carbon markets hub, this time partnering with the World Bank Group to launch a carbon markets program, according to an announcement. The initiative, dubbed Singapore Carbon Markets Program, aims to help countries build… Read More

May 23, 2026 @ 8:22 am By Michael Wong  |  

For Edward Robinson, deputy managing director for economic policy and chief economist at Monetary Authority of Singapore, the gains from artificial intelligence (AI) are unlikely to arrive quickly due to a mix of shocks from tariffs, energy, and geopolitics. During the 13th Asian Monetary Policy… Read More

May 21, 2026 @ 8:49 am By JD Alois  |  

Bsquared Technology has lost its regulatory approval issued by the Monetary Authority of Singapore (MAS).  The regulator stated that Bsquared was banned from providing digital payment token services on May 14th. MAS said an on-site inspection revealed serious regulatory compliance violations. This included a claim… Read More

May 18, 2026 @ 12:19 am By Michael Wong  |  

Singapore’s central bank will ease some rules governing the sale of complex investment products to retail investors, as regulators seek to balance investor protection with growing demand for self-directed investing platforms and digital financial services. The Monetary Authority of Singapore (MAS) said it will proceed… Read More

May 10, 2026 @ 12:41 pm By Michael Wong  |  

Singapore retained its position among the world’s stronger jurisdictions for combating illicit finance after the Financial Action Task Force (FATF) said the city-state has a “robust and effective” framework to counter money laundering, terrorism financing, and proliferation financing. The development comes as regulators push for… Read More