Tagged: singapore

January 30, 2022 @ 9:40 pm By Omar Faridi  |  

ForgeRock (NYSE: FORG), an international digital identity provider, recently announced its continued expansion across Asia and has made ForgeRock Identity Cloud “available locally from two new data centers in Indonesia and Hong Kong.” As mentioned in the update, this move expands ForgeRock’s Identity Cloud into… Read More

January 27, 2022 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) is now approved to operate in Singapore, Thailand, and the Philippines, according to a statement from the company. The “modern card issuing platform” is now certified to operate in 39 different countries. Marqeta says it will open an office in Singapore in… Read More

January 20, 2022 @ 9:52 pm By Tony Zerucha  |  

A European logistics real estate fund managed by the Singapore-regulated Elite Partners Capital has completed a €520-million sale of its entire portfolio to a fund managed by the US private equity firm Blackstone Group. Launched in early 2020, Elite Logistics Fund I is a two-year,… Read More

January 18, 2022 @ 5:56 pm By Tony Zerucha  |  

The Monetary Authority of Singapore (MAS) today took steps to effectively ban the advertising of cryptocurrencies to the general public. The guidelines cover payment institutions, banks and other financial institutions, as well as applicants under Singapore’s Payment Services Act. Services included in the directives are… Read More

January 18, 2022 @ 9:47 am By JD Alois  |  

Coinhouse, a digital asset service provider (DASP or VASP) regulated in both France and Luxembourg, has raised USD $17 million in a Series B funding round. The round was led by True Global Ventures 4 Plus (TGV4 Plus) Fund that invested USD $5.7 million. They… Read More

January 16, 2022 @ 11:31 pm By Omar Faridi  |  

Just a year ago, countries all across the globe were rushing to pull down the shutters on their airports and economies took a massive hit, however, today “paints a different picture,” according to an update from Funding Societies. The team at Funding Societies writes in… Read More

January 15, 2022 @ 4:09 pm By Omar Faridi  |  

Fintech platform Airwallex has announced its official launch in Singapore, following its grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS) and “a beta launch in November last year.” Singapore businesses are now able to benefit from Airwallex’s suite… Read More

January 12, 2022 @ 11:05 am By Tony Zerucha  |  

ADDX, a Singapore-based firm, is making private market investing available to many wealthy investors who were previously excluded from the opportunity. There is strong demand for the service, Oi-Yee Choo ADDX chief commercial officer said. Choo brings two decades of capital raising and mergers and… Read More

January 10, 2022 @ 12:47 am By Omar Faridi  |  

Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore (MAS), notes in the Global CBDC Challenge 2021 Report that history has shown that currency is a protean concept. Mohanty points out that from livestock around 9000 BC, to the introduction of paper money around… Read More

January 6, 2022 @ 9:29 am By JD Alois  |  

Payments Fintech Wirex has added another stablecoin to its platform. According to Wirex, XSDG, a Singapore dollar backed stablecoin is now available alongside other popular stablecoins. Currently, Wirex offers six stablecoins; STASIS EURO (EURS), True (TUSD), USD Coin, (USDC), Tether (USDT), USDP, and now XSGD…. Read More

January 6, 2022 @ 8:01 am By Omar Faridi  |  

Digital banking platform Revolut has reportedly acquired approval from the Monetary Authority of Singapore (MAS) to provide clients with gold and silver exposure via the firm’s Fintech app. Revolut‘s management noted that they aim to introduce the service to their Singapore clients this year. After… Read More

January 5, 2022 @ 10:56 pm By JD Alois  |  

Radar Payments by BPC has been by Red Dot Payment (RDP), an e-commerce service focused primarily on serving the e-commerce and hospitality verticals. According to a release, RDP has selected the Fraud Risk Management and Prevention solutions delivered as a SaaS model. RDP was founded… Read More

January 5, 2022 @ 2:12 pm By Omar Faridi  |  

The VeChain Foundation, a non-profit entity established in Singapore, recently revealed that they’re pleased to confirm that following months of development, the contract for VeUSD, VeChain’s first native stablecoin, will “soon go live on mainnet, ushering in a new era for VeChainThor.” With their international… Read More

December 30, 2021 @ 11:07 am By Omar Faridi  |  

Zhikai Chen, Head of Asia Equities at BNP Paribas Asset Management, notes that a number of factors justify their hopes for “a better year after the challenges that 2021 brought to Asian equities, and northern Asian equities in particular.” Chen writes in a blog post… Read More

December 28, 2021 @ 9:45 am By JD Alois  |  

Once again, the Monetary Authority of Singapore (MAS) is urging the population to give e-hong baos as opposed to physical cash. While telling people the digital version is more environmentally friendly, the digital version should also help limit queuing at banks that can fuel COVID… Read More

December 27, 2021 @ 11:27 pm By Omar Faridi  |  

Mr Leong Sing Chiong, Deputy MD at the Monetary Authority of Singapore (MAS), noted (during the annual IBF Distinction Evening program) that every year, the financial services industry gathers to “recognize those who have reached the pinnacle of their professions, and those who have contributed significantly… Read More

December 27, 2021 @ 8:01 pm By Omar Faridi  |  

Dr. Ben Livshits, CEO at Zilliqa, the high-performance, a high-security blockchain platform, notes in an end-of-year update that in a fast-paced industry, the crypto market lows and highs, and uncertainties around Covid-19 “continued to create a trifecta of challenges for all this year.” But the… Read More

December 17, 2021 @ 11:10 am By JD Alois  |  

Digital platforms for private securities, including the issuance, trading, and management of these assets, are becoming a thing in the Fintech sector. As individual investors have learned, much value is generated before a company pursues a public listing – or gets acquired. Jumping ahead of… Read More

December 17, 2021 @ 7:30 am By Omar Faridi  |  

Deutsche Börse has completed the acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. The agreement was “signed in June, and closing was on 15 December 2021,” the announcement confirmed. The acquisition lays the… Read More

December 16, 2021 @ 11:46 am By Omar Faridi  |  

JST Capital, an international financial services company specializing in digital assets, has  announced that it has joined the Pyth Network, which claims to be a next-gen Oracle platform designed to offer trusted and verifiable market data to decentralized applications (dApps), and will be offering real-time… Read More