Tagged: singapore

March 14, 2023 @ 4:03 pm By Omar Faridi  |  

MVGX Holdings, a Singapore-based FinTech company, providing end-to-end Carbon Software-as-a-Service solutions, announced that it has appointed Meyer “Sandy” Frucher as its Vice Chairman. In his new role, Sandy will be “responsible for guiding the company toward establishing an interconnected global carbon infrastructure network with national… Read More

March 13, 2023 @ 10:10 pm By Omar Faridi  |  

Homegrown financial services company Singlife has appointed Citi and BlackRock Aladdin to “provide it with a comprehensive technology platform to unify and transform its asset management capabilities across its front, middle and back-office offering.” Citi and BlackRock Aladdin previously “entered into an alliance to leverage… Read More

March 2, 2023 @ 7:17 pm By Omar Faridi  |  

Tazapay, a Singapore-based cross-border payments provider, has partnered with leading global real-time payments gateway Volt “to add open banking to its growing stack of payment offerings, as it accelerates its international growth plans across the UK and Europe. The partnership will enable Tazapay’s customers “to… Read More

February 28, 2023 @ 9:27 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued a Notice imposing mandatory baseline standards of due diligence and conduct requirements “for corporate finance (CF) advisers.” These requirements aim to “raise the standards of conduct of CF advisers, improve the quality of disclosures and allow investors… Read More

February 26, 2023 @ 4:40 pm By Omar Faridi  |  

FalconX, which claims to be the “most reliable” digital assets prime brokerage for the world’s leading institutions, announced expansion of its services into Singapore. Matt Long has “joined FalconX as General Manager and Ave King as Chief Compliance Officer, both based in Singapore.” Alongside these… Read More

February 22, 2023 @ 5:31 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More

February 17, 2023 @ 8:34 am By Omar Faridi  |  

DBS reported an 80% year-on-year growth in the number of Bitcoin (BTC) traded on the DBS Digital Exchange (DDEx) in 2022, and “a doubling in the number of BTC custodised with the bank’s digital asset custody solution.” The firm claims these business metrics “underscore the… Read More

February 10, 2023 @ 12:46 pm By JD Alois  |  

Republic, a US-based online capital formation platform, now operating in Europe, has launched the website for Republic Asia. Last year, Republic closed on its acquisition of Seedrs – a large UK-based platform that has also been operating on the European continent. In March of 2022,… Read More

February 8, 2023 @ 8:51 am By JD Alois  |  

Matrixport has had its UK wholly-owned subsidiary, Matrixport Advisors Limited, appointed as an Appointed Representative (AR) of Varramore Partners Limited (Varramore), which is authorized and regulated by the UK Financial Conduct Authority (FCA). The relationship allows Matrixport to conduct a range of investment-related activities in the UK…. Read More

February 2, 2023 @ 11:24 am By JD Alois  |  

QED Investors has appointed Melissa Ho as its lead in Southeast Asia as the Fintech VC focuses on the hot Asian market. QED is one of the leading Fintech venture capital firms in the world. Ho, based in Singapore, will be looking for Fintech firms… Read More

January 30, 2023 @ 9:31 pm By JD Alois  |  

Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis. According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding…. Read More

January 18, 2023 @ 10:49 am By Omar Faridi  |  

HashKey Capital, a global asset manager specializing in crypto and blockchain, has announced the final closing of its third fund, HashKey FinTech Investment Fund III  with a total commitment of US$500 million. Fund III received strong support “from institutional investors namely sovereign wealth funds, renowned… Read More

January 15, 2023 @ 7:22 pm By Omar Faridi  |  

Jumio, the provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, announced its partnership with GetGo, which claims to be the largest car-sharing service in Singapore, “to create an ecosystem where mobility is shared and sustainable for all.” GetGo prides itself on an… Read More

January 14, 2023 @ 9:39 am By Omar Faridi  |  

actyv.ai, a Singapore-headquartered, category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million “as part of Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of… Read More

January 9, 2023 @ 8:41 am By JD Alois  |  

Matrixport has enlisted the assistance of Chainalysis to provide compliance, fraud monitoring, risk assessment, and more. Matrixport is a Singapore based digital asset platform that is a prime brokerage, spot trading, lending, asset management and more. Christopher Liu, Chief Compliance Officer at Matrixport, said that… Read More

January 7, 2023 @ 3:47 pm By Omar Faridi  |  

With Singapore consumers living their lives online, nearly eight out of 10 (around 77%) would like the option to control their data instead of leaving it up to the discretion of firms and governments, according to Consumer Data Confidence Research shared by Visa (NYSE: V)…. Read More

January 7, 2023 @ 11:57 am By Omar Faridi  |  

Global blockchain technology solutions provider ChainUp Group announced the appointment of Ms. Tan Bin Ru as its Deputy Chief Executive Officer cum Chief Operating Officer, “effective 3 January 2023, as part of the company’s business growth plan.” In this role, Ms. Tan will “work closely… Read More

January 6, 2023 @ 8:53 am By Omar Faridi  |  

On 28 December 2022, the High Court in Singapore sentenced Mr Soh Chee Wen (also known as John Soh), and Ms Quah Su-Ling to a total of 36 and 20 years’ imprisonment respectively “for, among other things, orchestrating an elaborate scheme to manipulate the shares… Read More

December 18, 2022 @ 11:18 pm By JD Alois  |  

Securities brokerage CGS-CIMB Singapore has enabled access to ADDX, a digital securities private market. Accredited investors may now access ADDX offerings on CGS-CIMB. Previously, CGS-CIMB mainly offered traditional securities. ADDX offers access to its listed deals via a plugin to simplify integration.  CGS-CIMB was one… Read More

December 16, 2022 @ 8:27 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, has received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore (MAS). The license, once received, “will allow Payoneer to offer additional payments… Read More