Tagged: singapore

March 24, 2020 @ 3:08 pm By JD Alois  |  

InvestCloud has selected Taryn Balthazar to lead its Asia-Pacific expansion. Based in Singapore, Balthazar will look to scale up the  company’s presence as demand for digital wealth management solutions increases across the region. InvestCloud is a Fintech that specializes in digital platforms that enable the development… Read More

March 24, 2020 @ 2:34 pm By Omar Faridi  |  

James Lloyd, associate partner at Big Four auditing firm Ernst and Young (EY) and Asia-Pacific Fintech leader, claims that financial technology growth and adoption is surging in the Asia-Pacific region. He notes: “[Fintech development in Asia is] driven by consumers’ desire for more attractive fees… Read More

March 20, 2020 @ 6:34 pm By Omar Faridi  |  

Singapore-headquartered digital asset exchange Phemex announced on March 17, 2020, that it will be offering a proprietary perpetual contract, which is reportedly pegged on gold and settled in nominal US dollars. According to a press release shared with Crowdfund Insider: “Each contract is worth 0.001… Read More

March 19, 2020 @ 10:41 pm By Omar Faridi  |  

Huobi, a crypto firm with offices in Singapore, Hong Kong, Korea, Japan, and the US, announced that its digital asset derivatives exchange platform, Huobi DM, will introduce a “partial liquidation” feature that will help limit significant losses resulting from trading during extremely volatile market conditions…. Read More

March 18, 2020 @ 9:54 am By Omar Faridi  |  

The government of Singapore has reportedly pledged $10.8 million towards a program dedicated to managing a legal technology (Legaltech) research program, which aims to digitize various laws, rules and agreements in the country. The grant was awarded to the Singapore Management University’s (SMU’s) School of… Read More

March 18, 2020 @ 7:56 am By Omar Faridi  |  

AMTD Digital, the digital finance division of AMTD Group, has revealed that it will be acquiring a controlling stake in PolicyPal, a firm that’s licensed by the Monetary Authority of Singapore (MAS). PolicyPal is notably the first graduate of MAS’s Fintech regulatory sandbox program. The… Read More

March 16, 2020 @ 10:20 am By JD Alois  |  

Singapore based Zilliqa, a speedy blockchain platform, has partnered with Switcheo, to launch a “non-custodial, decentralised exchange” (DEX). Zilliqa and Switcheo are said to be working towards a minimum viable product and rounds of internal testing by the end of Q2 2020 and external user… Read More

March 15, 2020 @ 3:14 pm By Omar Faridi  |  

Vinnie Lauria, an entrepreneur and venture capitalist who established Golden Gate Ventures, an early-stage VC company managing more than $250 million in assets, notes that his Singapore-based company has been watching emerging tech sectors across the Southeast Asia region. Lauria reveals that he’s seeing significant… Read More

March 15, 2020 @ 2:17 pm By Omar Faridi  |  

Earlier this month, the AMTD Group, a financial services group established by CK Hutchison (a Cayman Islands–registered global conglomerate based in Hong Kong that focuses on ports and related services, retail, infrastructure, energy, and telecommunications, and operates in more than 50 countries), revealed that it’s… Read More

March 15, 2020 @ 10:45 am By Xu Gao  |  

The PBC, NDRC and Four Other Authorities Jointly Release the Work Plan for Coordinated Regulation of Financial Infrastructures In order to strengthen the construction of financial infrastructure, coordinate the regulation of important financial infrastructures and improve the capability of the financial sector to serve the… Read More

March 14, 2020 @ 7:09 pm By Omar Faridi  |  

Singapore-headquartered DBS Bank, a multinational banking and financial services corporation with over $330 billion in total assets, has reportedly facilitated a trade financing settlement through vCargo Cloud’s CamelONE trade finance portal (TFP). The SGD 4.8 million (appr. $3.4 million) letter of credit transaction was carried… Read More

March 14, 2020 @ 3:25 pm By Omar Faridi  |  

PropertyGuru, an online property marketplace, revealed on March 12, 2020, that it will be  expanding into home finance with the launch of PropertyGuru Finance. According to a release, the proptech company’s management noted that it aims to help Singapore’s residents save money and have a… Read More

March 12, 2020 @ 11:56 am By Omar Faridi  |  

Cathay Financial has reportedly decided to join Plug and Play Singapore’s insurance technology  (Insurtech) program.  Both parties are planning to extend their partnership by working cooperatively with promising startups that are developing products and services for the financial services and health industry.  Cathay Financial and… Read More

March 12, 2020 @ 7:36 am By JD Alois  |  

Luxembourg based Fintech Tokeny Solutions has partnered with Cynopsis to provide a streamlined compliance solution to its customers. Cynopsis Solutions was established in Singapore in 2014 and offers services designed to automate KYC processes. It has operations in Singapore, UK, Taiwan, and Vietnam. Cynopsis Solutions… Read More

March 11, 2020 @ 11:21 pm By JD Alois  |  

Phemex, a crypto derivatives trading platform led by former Morgan Stanley executives, has raised $3.5 million in a funding round led by NGC Ventures. In a release, Phemex said it will utilize the additional capital for global expansion into Japan, Korea and Russie as well… Read More

March 9, 2020 @ 9:57 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) has introduced the Digital Trade Standards Initiative (DSI), which is a collaborative cross-industry project that will aim to develop standards and best practices for conducting digital trade. The ICC Digital Trade Standards Initiative will continue to build on the… Read More

March 8, 2020 @ 11:33 pm By Omar Faridi  |  

Up, a life-planning solution developed by BTO, a Singapore-based Fintech firm, recently teamed up with iCompareLoan, a mortgage-comparison portal, in order to provide home-owners and new buyers improved and more competitive mortgage planning services.  Clients using the Up platform will now be able to access… Read More

March 8, 2020 @ 8:00 pm By Omar Faridi  |  

Tom Trowbridge, former president at Hedera Hashgraph and current president at Triterras, a blockchain-powered Fintech solution for the trade finance sector, recently shared his views and insights with Crowdfund Insider. Triterras was established in 2012 in order to meet the rising demand for commodities that… Read More

March 8, 2020 @ 7:10 pm By Omar Faridi  |  

Hong Kong-headquartered EMQ, a globally accessible financial settlement network, recently revealed that it’s planning to connect to Singapore’s Fast and Secure Transfers (FAST) network and also offer services in other Southeast Asian countries such as Malaysia. EMQ’s solution will allow businesses to easily make digital… Read More

March 8, 2020 @ 7:00 pm By Omar Faridi  |  

In June 2020, Singapore’s regulatory authorities will be issuing operational licenses to three new wholesale neobanks in order to provide better services to underbanked small-and-medium-sized enterprises (SMEs).  The Monetary Authority of Singapore (MAS) confirmed in mid-2019 that it would begin accepting applications for five new… Read More