Tagged: singapore

November 25, 2020 @ 8:22 pm By Omar Faridi  |  

Fintech firm Sleek has reportedly acquired $4 million in VC funding in order to develop products for the corporate services sector. Sleek’s investment round was led by SEEDS Capital, the investment division of Enterprise Singapore. Other individuals and organizations also took part in the round… Read More

November 25, 2020 @ 11:39 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has posted the 20 finalists for the 2020 Global Fintech Hackcelerator, an annual event that saw aspiring firms look to adapt to the challenges of COVID-19. MAS states that the Global Fintech Hackcelerator identifies innovative market-ready solutions to address… Read More

November 24, 2020 @ 11:25 pm By Omar Faridi  |  

  Prominent digital bank Revolut is reportedly planning to hire several senior management professionals in Singapore. The UK-headquartered Fintech Unicorn noted that it’s looking to recruit senior-level executives for managing its operations in the city-state. As first reported by Tech in Asia, Revolut also plans… Read More

November 23, 2020 @ 10:38 am By JD Alois  |  

The 3rd Singapore-China (Chongqing) Connectivity Initiative (CCI) Financial Summit anticipates greater financial connectivity between the two countries, according to a note issued by the Monetary Authority of Singapore (MAS). At the event opening the Minister for Manpower, Singapore, Josephine Teo was said to highlight that… Read More

November 18, 2020 @ 9:15 pm By Omar Faridi  |  

Sygna Bridge, the “market-ready” solution developed for Virtual Asset Service Providers (VASPs) to fulfill the Financial Action Task Force (FATF) Recommendation 16’s “Travel Rule,” has reportedly become the very first FATF Travel Rule solution to go through an independent assessment by The Association of Cryptocurrency… Read More

November 17, 2020 @ 11:00 pm By Omar Faridi  |  

Singapore based Fintech firm 360F and Zurich Middle East have introduced a “pioneering” and “deeply innovative” solution, called ZurichPro, which aims to digitize the financial planning process, and will help Zurich with meeting its business sustainability goals and objectives. Walter Jopp, CEO of Zurich Middle… Read More

November 17, 2020 @ 8:18 am By Omar Faridi  |  

Singapore-based Propine, an independent and regulated digital asset custodian, has partnered with Skyhook Capital, the Singapore-headquartered Fintech (software-as-a-service) SaaS platform that offers access to digital securities that may be incorporated within investors’ traditional wealth portfolios. According to a release shared with Crowdfund Insider, the partnership… Read More

November 15, 2020 @ 6:18 pm By Omar Faridi  |  

We recently caught up with Pavel Bains, CEO at Bluzelle Networks, a company and platform that aims to develop fast, adaptive, and agile distributed ledger technology (DLT)-based solutions for the finance sector. Bains talked about the challenges associated with working on centralized platforms. He discussed… Read More

November 12, 2020 @ 10:25 pm By Omar Faridi  |  

Singapore based peer to peer finance platform Funding Societies notes that after several years of laying the groundwork with ESG, they’re proud to confirm that their direct lending entity, FS Capital Pte Ltd (which is part of Funding Societies), was approved in October 2020 to… Read More

November 10, 2020 @ 11:19 am By Omar Faridi  |  

Singapore based Razer recently revealed that it’s expecting to generate sizable profits for this current financial year after reporting around $40.3 million in adjusted losses for the year ending on December 31, 2019. The gaming and lifestyle focused firm stated that it managed to record… Read More

November 9, 2020 @ 7:52 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, has launched a S$35 million (appr. $18.62 million) Productivity Solutions Grant (PSG) for the country’s financial services industry. The grant will be used to offer assistance to smaller financial institutions. It will… Read More

November 8, 2020 @ 11:02 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), will be moving forward with its application for a digital banking license in Singapore. This, despite the Fintech giant’s (potential) record… Read More

November 5, 2020 @ 11:05 pm By Omar Faridi  |  

  Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA)…. Read More

November 5, 2020 @ 7:00 am By JD Alois  |  

Osome, a Regtech and accounting app, has raised $3 million in funding from XA Network and AltaIR Capital. Osome uses artificial intelligence (AI) and machine learning (ML) tech combined with human experts to help SMEs with administrative tasks soak up enormous amounts of work hours…. Read More

November 4, 2020 @ 11:59 pm By Omar Faridi  |  

There are many new opportunities for the Fintech sector in a post COVID world, according to Singapore’s labor chief Ng Chee Meng. He noted that the Coronavirus crisis may lead to new requirements and could also create new jobs. Meng, who’s currently the Secretary-General at… Read More

November 4, 2020 @ 10:16 am By JD Alois  |  

In 2019, the Monetary Authority of Singapore (MAS) launched a consultation on the Payment Services Act (PS Act) that in relation to AML/CFT, and other amendments in respect of digital payment token (DPT) service and certain technical amendments. The consultation address certain proposed amendments to… Read More

November 2, 2020 @ 10:02 pm By Omar Faridi  |  

Singapore based payments startup hoolah notes that many small businesses continue to struggle with maintaining operations following the COVID-19 outbreak. However, the hoolah team says that it’s trying to show business owners that not all is “doom and gloom.” hoolah, a two-year-old Fintech startup offering… Read More

November 2, 2020 @ 9:18 pm By Omar Faridi  |  

Singapore-based Skyhook Capital Pte Ltd, a Fintech firm focused on the distribution of “investment-grade” digital assets to institutional and retail clients, has teamed up with Digital Asset Shared Ledger (DASL), the global digital asset liquidity network for financial institutions that are built on Corda. As… Read More

November 1, 2020 @ 11:00 pm By Omar Faridi  |  

We recently connected with Tuhina Singh, Founder of Propine, a comprehensive securities services provider for digital securities. Singh previously worked as an options trader and has developed derivatives trading platforms from scratch. Crowdfund Insider previously reported that Propine is the first independent digital asset custodian… Read More

November 1, 2020 @ 4:09 pm By Omar Faridi  |  

Robo.cash, a peer to peer (P2P) lending marketplace, has provided an update on the performance of its loan originators in Q3 2020. The Robo.cash team revealed that its Spanish loan originator, Prestamer.es, has managed to record “one of the best results in the whole group.”… Read More