Tagged: singapore

November 1, 2022 @ 2:17 am By Omar Faridi  |  

Indonesia Stock Exchange (IDX), the country’s national securities exchange and among the “fastest growing” in the continent, is exploring the possibility of working with MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), “to develop Indonesia’s… Read More

October 31, 2022 @ 2:16 pm By JD Alois  |  

DBS, a top financial services group in Asia with a presence in 18 markets and based in Singapore, has announced an initiative to create a programmable digital Singapore dollars (DSGD). The project has the defacto approval of the Singapore government which recently indicated its support… Read More

October 27, 2022 @ 9:10 am By JD Alois  |  

-Retail Investors May Be Banned from Using Leverage in Crypto Trading -Banks Allowed to Issue Stablecoins The Monetary Authority of Singapore (MAS) has proposed new initiatives aimed at mitigating risk to consumers in regard to crypto trading. At the same time, MAS has proposed new… Read More

October 20, 2022 @ 3:27 pm By Omar Faridi  |  

UOB (SGX: U11) recently announced the launch of the UOB Sustainability Compass at the Gateway to ASEAN Conference. The Sustainability Compass is a tool that “provides a step-by-step guide for small and medium-sized enterprises (SMEs) to overcome their inertia and kickstart their sustainability journeys.” As… Read More

October 18, 2022 @ 6:45 pm By Omar Faridi  |  

bolttech, which claims to be one of the world’s “fastest-growing” international insurtech companies, announced Tokio Marine, alongside other shareholders, will “lead bolttech’s Series B funding round.” The investment round reportedly “values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion,… Read More

October 17, 2022 @ 9:12 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that Ms. Gillian Tan will be appointed Chief Sustainability Officer “from 17 October 2022, in addition to her current role as Assistant Managing Director (Development & International).” MAS’ current Chief Sustainability Officer, Dr. Darian McBain, will “leave MAS… Read More

October 15, 2022 @ 2:34 pm By Omar Faridi  |  

Blockchain.com, a leading crypto wallet provider, digital asset trading platform, and block explorer service provider, recently revealed that it has “secured an in-principle approval for the Major Payment Institution License offering Digital Payment Token services from the Monetary Authority of Singapore (MAS).” With this preliminary… Read More

October 14, 2022 @ 9:37 am By JD Alois  |  

  This past week, Coinbase (NASDAQ:COIN) revealed it had received regulatory approval to provide services in Singapore, the leading Fintech hub in Asia,  At the same time, it was announced that Coinbase founder and CEO Brian Armstrong is expected to participate at the annual Singapore… Read More

October 13, 2022 @ 10:24 pm By JD Alois  |  

finbots.ai, an artificial intelligence (AI) firm for credit modeling, has signed an agreement to partner with Proptech Tanaku, expanding their services into Indonesia. According to a company statement, finbots.ai platform will help Tanaku quickly create a high-quality customer risk assessment model to streamline pre-mortgage financing… Read More

October 13, 2022 @ 11:11 am By JD Alois  |  

Pillow, a Singapore-based crypto investment platform that currently reports serving 75,000 users in over 60 countries, has raised an $18 million Series A funding round. The capital injection was led by Accel, Quona Capital, Elevation Capital, and Jump Capital. Pillow notes that Elevation Capital was… Read More

October 10, 2022 @ 9:51 pm By Omar Faridi  |  

Loans worth €14 million were purchased last month, according to an update from Robo.cash. The Robocash team further revealed that 594 people joined the platform. As noted in a blog post, Robo.cash investors earned €600,000, The investment platform has shared a few highlights covering what… Read More

October 9, 2022 @ 3:33 pm By JD Alois  |  

This past week, Singapore MP Yip Hon Weng queried public officials about the risk of money laundering and fraud in the cryptocurrency markets. Singapore has emerged as a top hub for digital asset innovation with some firms moving to the country due to its Fintech-friendly… Read More

October 7, 2022 @ 1:13 pm By Omar Faridi  |  

bolttech, the Singapore-based international insurtech, announced it has completed the acquisition of a majority shareholding in PT Axle Asia, “an established insurance broker in Indonesia.” Axle Asia will “become a subsidiary of bolttech and be subsequently rebranded.” The addition of Axle Asia will “accelerate the… Read More

October 6, 2022 @ 6:39 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched the ESG Impact Hub to spur co-location and collaboration “between Environment, Social, Governance (ESG) Fintech startups and solution providers, financial institutions and real economy stakeholders.” The Hub will also “anchor industry-driven sustainability initiatives such the Point Carbon… Read More

October 5, 2022 @ 11:36 pm By Omar Faridi  |  

On Sept. 28, during the Token2049 event in Singapore, MEXC Exchange officially announced at the MEXC afterparty “M&M Launcher” that its fund was officially “upgraded to M-Ventures and a new management team.” The upgraded M-Ventures is “a comprehensive fund committed to empowering innovations in the… Read More

October 5, 2022 @ 9:16 pm By Omar Faridi  |  

Storepay, which claims to be the first Buy Now, Pay Later (BNPL) financial tech service provider in Mongolia that allows customers to make payments over time without extra fees, has announced the listing of its token, SPC, on LBank. With over 400,000 registered users, two… Read More

October 4, 2022 @ 4:01 pm By JD Alois  |  

Robocash Group has distributed its first six months of 2022, ending June 30, financial results. According to the company, revenue is up by 53.1% to USD$ 214.2 million from USD$ 139.9 million, year over year. The report was reviewed by FBK Grant Thornton and did… Read More

October 3, 2022 @ 11:50 pm By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) recently announced a technology agreement with DBS Bank (SGX:D05). DBS will leverage Nasdaq’s technology as they seek “to advance its surveillance capabilities and continue to protect its clients from market abuse.” DBS Bank, a financial services group in Asia, will “leverage Nasdaq… Read More

October 2, 2022 @ 10:53 pm By Omar Faridi  |  

ChainUp, which claims to be one of the leading blockchain technology service providers, celebrated its fifth anniversary on September 25, 2022 at the SKAI – Swissotel the Stamford, with an evening of announcements of new initiatives and partnerships. ChainUp reportedly “introduced its newly appointed Board… Read More

September 28, 2022 @ 1:26 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has expanded to Singapore in response to growing customer demand in the Asia-Pacific (APAC) region. The move allows Trulioo “to directly serve its extensive and expanding enterprise-level APAC customer base.” Steve Munford, CEO of Trulioo, said: “As businesses in… Read More