Tagged: singapore

June 6, 2022 @ 6:45 am By Omar Faridi  |  

ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, has announced its soft launch. The soft launch follows its receipt of MAS’ approval “to commence business on 2 June 2022.” The Singapore-based digital bank will focus on “providing… Read More

June 4, 2022 @ 9:02 pm By Omar Faridi  |  

Green Link Digital Bank (GLDB) commences banking business. GLDB seeks to serve Micro-Small-Medium-Enterprises (MSMEs) with banking and financial services “through their supply chain financing and innovative, easy-to-use technological solutions.” GLDB seeks to leverage their experience in supply chain financing and innovative, easy-to-use technological solutions “to… Read More

June 4, 2022 @ 1:49 pm By Omar Faridi  |  

Stripe, an international financial infrastructure platform, recently announced that Stripe Terminal is currently available in Singapore, making it convenient for companies to create custom checkout experiences for accepting in-person payments, along with unifying client experience and data across online and in-person transfers. Although selling items… Read More

June 2, 2022 @ 10:31 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s “leading” open banking platform, and Thunes, a Singapore-based fintech company and a “leader” in global cross-border payments, recently announced their partnership “to streamline and improve the payment experience of consumers in the UK and Europe.” Thunes is building “a… Read More

May 31, 2022 @ 11:00 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced the launch of Project Guardian, an effort to reveal the value created in leveraging asset tokenization. Singapore has long been a top Asian Fintech hub and there are multiple Fintechs in the digital asset sector based in… Read More

May 30, 2022 @ 10:17 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of around SGD 330 million on OCBC Bank. The city-state’s regulatory authority noted that this latest move was in response to the deficiencies in the banking institution’s response to a set of “spoofed”… Read More

May 23, 2022 @ 10:27 pm By JD Alois  |  

Digital securities marketplace ADDX has raised USD $58 million in a “pre-Series B” round. The additional funding brings the total raised since inception to $120 million. New shareholders in ADDX include SET Venture Holding – part of the Stock Exchange of Thailand, UOB, Hamilton Lane… Read More

May 23, 2022 @ 10:34 am By JD Alois  |  

Calvin Cheng, a former Singapore member of Parliament, investor, and entrepreneur, has gained a provisional Virtual Asset License in Dubai, according to a statement from the company. Cheng has reportedly formed the first regulated non-fungible token (NFT) and fan token investment holding company in Dubai…. Read More

May 15, 2022 @ 7:32 am By JD Alois  |  

ADDX, licensed by the Monetary Authority of Singapore (MAS) to facilitate the issuance and trading of digital securities, will list a private equity fund of funds on its marketplace. ADDX has partnered with Fullerton Fund Management, an Asia-based investment specialist, to offer the Fullerton Optimised… Read More

May 15, 2022 @ 4:17 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS) and industrial AI pioneer Red Dot Analytics (RDA), a deep tech spin-off from Nanyang Technological University (NTU), Singapore, have announced a collaboration “to enable greater sustainability in… Read More

May 12, 2022 @ 3:33 pm By Omar Faridi  |  

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

May 9, 2022 @ 5:34 pm By Omar Faridi  |  

The team at Coinhako is pleased to confirm that their firm has been granted the Monetary Authority of Singapore’s (MAS) official approval “for a Major Payment Institution (MPI) license.” Securing the full license means that the firm will be able “to legally operate as regulated… Read More

May 6, 2022 @ 7:55 am By Omar Faridi  |  

KoinBasket, a Singapore-headquartered digital asset investment platform, recently finalized a $2 million pre-seed round. KoinBasket says that it plans to use the proceeds from the investment round to further expand its professional team and onboard talent. The round has reportedly been led by investors such… Read More

April 30, 2022 @ 12:27 pm By Omar Faridi  |  

Asia-Pacific is getting ready for the next phase of its real-time payments journey as the region’s key service providers look for new growth opportunities and prepare “to enter the next stage of their real-time payments development.” This, according to the third edition of Prime Time… Read More

April 27, 2022 @ 10:37 pm By JD Alois  |  

  Finbots.AI, an “Artificial Intelligence-envisioned” firm for financial services, has raised $3 million in a Series A round funded by a single investor – Accel. The VC made the investment via its Fund VII and is said to be the first external investment Finbots.AI has raised…. Read More

April 27, 2022 @ 10:44 am By JD Alois  |  

Blockchain Association Singapore (BAS) has announced a partnership with BNY Mellon, a global bank based in New York City. BNY Mellon has had a presence in Singapore since 1974. Singapore has long been a robust Fintech hub in Southeast Asia. BNY Mellon also said it… Read More

April 26, 2022 @ 9:20 am By JD Alois  |  

OCBC Bank and MetaVerse Green Exchange (MVGX) – both based in Singapore, will partner on a digital exchange for carbon credits. MVGX is a “digital green exchange” licensed and regulated by the Monetary Authority of Singapore. OCBC Bank is the longest established Singapore bank and… Read More

April 25, 2022 @ 9:18 am By JD Alois  |  

Digital asset marketplace Zipmex has announced a new partnership with the National Rugby League, A-League and community sports teams in Australia. The goal is to broaden exposure and understanding of crypto markets. The partnership includes professional teams Penrith Panthers Rugby League Football Club and Central… Read More

April 20, 2022 @ 4:16 pm By Omar Faridi  |  

Australia Treasury and the Monetary Authority of Singapore (MAS) recently signed the Australia-Singapore Fintech Bridge Agreement in order “to strengthen cooperation between the Fintech ecosystems of both countries.” The commencement of discussions to develop the Fintech Bridge was “announced in June 2021, when Australian Prime… Read More

April 20, 2022 @ 11:09 am By JD Alois  |  

ADDX, a full-service capital markets platform with Monetary Authority of Singapore (MAS) licenses for the issuance, custody, and secondary trading of digital securities, along with Singtel and UOB have priced Singapore’s largest foreign currency digital bond, to date. Digital bonds, or tokenised bonds, are issued… Read More