Tagged: singapore

June 29, 2021 @ 7:16 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) reveals that it has introduced an international challenge for retail central bank digital currency (CBDC) solutions. The Global CBDC Challenge from the MAS will aim to find innovative retail CBDC solutions to improve existing payment processes while promoting greater… Read More

June 25, 2021 @ 9:38 pm By Omar Faridi  |  

eRemit Singapore, a digital remittance service platform that’s supported by Merchantrade Asia and QALA Tech, has teamed up with Hong Leong Assurance Singapore (HLAS) in order to provide a new insurance scheme for migrant workers based in Singapore. The eRemit Singapore’s Salary Protector Scheme has… Read More

June 24, 2021 @ 11:06 pm By Omar Faridi  |  

Hg Exchange (HGX), a private securities exchange established by a group of capital market intermediaries, reveals that it has graduated from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognized Market Operator (RMO) license. With its RMO permit, HGX may now serve… Read More

June 24, 2021 @ 8:42 am By Omar Faridi  |  

Currencycloud, the Fintech firm that aims to simply and streamline business in a multi-currency environment, has introduced its Bold Academy – which is described as a knowledge-sharing program for Series A-funded startups or early-stage ventures. The Bold Academy has been launched along with an update… Read More

June 21, 2021 @ 11:27 pm By Omar Faridi  |  

Standard Chartered (the Group) recently revealed that it will be appointing Roel Louwhoff who will be serving as the new Group Chief Digital, Technology & Innovation Officer. Louwhoff previously worked as Chief Operations and Transformation Officer at ING since 2014. According to an update from… Read More

June 20, 2021 @ 10:02 pm By Omar Faridi  |  

Earlier this week, Singapore-headquartered digital wealth management service provider Endowus confirmed that it had appointed Wei Mei Tan as its Chief Advisory Officer. In her role at Endowus, Wei Mei will be expected to lead strategic initiatives in order to accelerate the company’s ongoing growth… Read More

June 20, 2021 @ 7:18 pm By Omar Faridi  |  

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has reportedly used Marketnode’s digital asset issuance, depository and servicing platform to issue a new bond offering valued at SGD 600 million (appr. $446 million), with a final… Read More

June 17, 2021 @ 12:03 am By JD Alois  |  

The ASEAN Financial Innovation Network (AFIN) has partnered with R3 to build and test central bank digital currencies (CBDCs). CBDCs have emerged as a hot topic of governmental innovation – fueled in part by the rise of stablecoins utilized as digital references of fiat currency…. Read More

June 16, 2021 @ 10:15 pm By JD Alois  |  

Igloo, previously doing business as “Axinan”, is said to be the first full-stack Insurtech firm to emerge from Singapore. Currently, Igloo has offices in Singapore, Indonesia, Thailand, the Philippines, and Vietnam. Igloo has distributed a note claiming 3X growth in GWP [gross written premiums] in… Read More

June 14, 2021 @ 11:57 pm By Omar Faridi  |  

Nomura has reportedly chosen Refintiv, a multinational provider of financial market data and infrastructure, in order to leverage the Fintech firm’s wealth management solutions across Hong Kong and Singapore. The Refinitiv Workspace for Wealth Advisors will be used as the main platform to provide up-to-date… Read More

June 14, 2021 @ 10:47 pm By Omar Faridi  |  

BC Technology Group, a digital asset and Fintech-focused firm as well as the parent of OSL, has acquired a $70 million (appr. HKD 543.19 million) investment from Singapore’s GIC, the city-state’s sovereign wealth fund. BC Technology Group says it’s planning to further develop and improve… Read More

June 11, 2021 @ 2:17 pm By Omar Faridi  |  

Singapore-based Zilliqa Research Pte. Ltd., the “high” security, high speed, and low fee Layer 1 blockchain protocol firm, and its sister company Zilliqa Capital Pte. Ltd, the tech firm whose goal is to become the “central business and investment hub” for Zilliqa, recently announced that… Read More

June 11, 2021 @ 11:53 am By Omar Faridi  |  

Osome, a three-year-old Super App that digitizes accounting and compliance services for small businesses, has secured $16 million through a Series A round that received contributions from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong (who joined… Read More

June 11, 2021 @ 10:25 am By Omar Faridi  |  

The innovation and ventures division at Standard Chartered (LON: STAN) has teamed up with fund manager Franklin Templeton in order to introduce a “wealth, health and lifestyle” consumer platform for Singapore residents. Excited to announce our partnership with @FTI_Global to launch Autumn in SG, a… Read More

June 10, 2021 @ 8:26 pm By Omar Faridi  |  

IT services firm Nityo Infotech has reportedly invested $100 million in Singapore-based Fintech company MatchMove Pay in exchange for an equity stake. Nityo is now the largest shareholder in MatchMove. Nityo‘s management noted that they value the company at $500 million pre-money and $600 million… Read More

June 10, 2021 @ 8:23 pm By Omar Faridi  |  

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has announced that it’s piloting the use of Government Technology Agency’s (GovTech) “Sign with Singpass” where a client’s digital signature is used to complete transactions or access product… Read More

June 10, 2021 @ 7:32 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of the city-state, confirmed recently that it will be setting aside $1.8 billion for Climate-related investment initiatives. The MAS, which administers the various statutes pertaining to money, banking, insurance, securities, and the… Read More

June 8, 2021 @ 7:44 am By Omar Faridi  |  

Stemly, a supply chain inventory management and finance firm that was incubated by ING Labs in Singapore, has decided to now operate as a separate, independent initiative. VC fund Elev8, ING Ventures and EDB New Ventures, the corporate venture building division of EDB, along with… Read More

June 7, 2021 @ 10:09 pm By JD Alois  |  

UNObank has received a digital bank license in the Philippines, according to a note from the company. Singapore-based Fintech DigibankASIA Pte. Ltd., creator of UNObank, has received approval from the Bangko Sentral ng Pilipinas (BSP) to operate a bank in the Philippines. The company claims… Read More

June 2, 2021 @ 2:02 pm By Samantha Hurst  |  

  Taulia, a U.S.-based working capital solutions provider, announced on Tuesday it has expanded its global footprint by growing its presence in both China and Singapore. Founded in 2009, Taulia claims to be a leading provider of working capital solutions. Through a combination of its… Read More