Tagged: singapore

September 13, 2019 @ 3:37 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank, announced on Thursday the appointment of its chief fintech officer Sopnendu Mohanty as a digital and fintech advisor to India’s Odisha state, according to a report by the Times of India. In his new advisory… Read More

September 13, 2019 @ 1:39 pm By Omar Faridi  |  

The ASEAN Financial Innovation Network (AFIN) committed to two memorandums of understanding (MOUs) on September 11, 2019, with Bridge+ and “Big Four” auditing firm PricewaterhouseCoopers’ (PwC) Singapore branch. Managing director of AFIN Manish Diwaan noted: “AFIN is delighted that industry leaders are coming together to… Read More

September 13, 2019 @ 2:15 am By Omar Faridi  |  

The majority of fundraising events and mergers and acquisitions (M&A) deals in the crypto asset sector are being finalized in Asian and European markets, overtaking the once-dominant role of the Americas, according to a recent report from “Big Four” professional services company PricewaterhouseCoopers (PwC). Released… Read More

September 12, 2019 @ 12:39 pm By JD Alois  |  

Arival Bank, a digital-only challenger bank, has closed its crowdfunded bridge round (preferred equity) on SeedInvest-Crowdcube. Arival is the creation of a VC firm based in Singapore that claims 20 investments & multiple exits. The securities offering was a cross-Atlantic crowdfunding offering via the two… Read More

September 9, 2019 @ 7:03 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank, revealed that a new regulatory evaluation program is being developed to connect payment companies with legal service providers.  The program is part of a joint initiative launched by the MAS and the Singapore Academy of… Read More

September 6, 2019 @ 10:12 am By JD Alois  |  

Late last month, the Monetary Authority of Singapore (MAS) announced it has begun accepting applications for digital bank licenses. The new banking licenses are only for aspiring non-bank Fintechs. MAS leadership explained that virtual banks will help assure the banking sector remains resilient and competitive… Read More

September 4, 2019 @ 4:01 pm By Samantha Hurst  |  

Railsbank, a UK-based banking group, announced on Wednesday it raised $10 million through its Series A funding round, which was led by Moneta Capital with participation from CreditEase, Clocktower Technology Ventures, Singapore Life, and Firestartr. Founded in 2015, Railsbank describes itself as an open banking… Read More

September 4, 2019 @ 11:50 am By JD Alois  |  

Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, has revamped its executive team with new hires. Funding Societies provides access to capital to SMEs crowdfunded by both institutional and individual investors. To date, Funding Societies reports over S$ 800 million… Read More

August 30, 2019 @ 10:07 am By Samantha Hurst  |  

Arival, a digital bank that seeks to be crypto-friendly, is set to close its equity crowdfunding campaign on Crowdcube with nearly £1.2 million in funding. The banking group reported that the progress bar includes £1,065,060 raised through a co-offering (i.e. on SeedInvest). The Crowdcube round… Read More

August 29, 2019 @ 10:49 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has commenced accepting applications for digital bank licenses. The new licenses are for aspiring non-bank Fintechs. MAS seeks to ensure that Singapore’s banking sector continues to be resilient, competitive and vibrant. Applicants must have their paperwork in by December… Read More

August 26, 2019 @ 3:19 pm By Samantha Hurst  |  

Axinan, a Singapore-based insurtech firm, announced last week it secured a combined General and Reinsurance license from Labuan Financial Services Authority. Founded in 2016, Axinan reportedly provides digital insurance for the internet economy. “Leveraging big data, actuarial risk management and machine-learning, we create products that… Read More

August 26, 2019 @ 8:52 am By JD Alois  |  

Digital asset platform Sygnum has received a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA). The Zurich, Switzerland based Fintech reports this is the first time a digital asset specialist has received the license from FINMA – joining SEBA who… Read More

August 22, 2019 @ 1:23 am By JD Alois  |  

Huobi DM, now offers instant settlement for Bitcoin contracts, according to a company release. Huobi says this is a market first. Huobi DM (derivative market) is part of the larger Huobi Group – a digital asset ecosystem that claims to be one of the largest… Read More

August 19, 2019 @ 7:24 am By JD Alois  |  

ATTENDED BY 45,000 PARTICIPANTS FROM 130 COUNTRIES IN 2018 Participants comprised key executives and decision-makers from global financial institutions and corporates, innovators and technologists from FinTech start-ups to unicorns, investors, and academia. Featuring FinTech Conference & Exhibition, FinTech Awards, Global FinTech Hackcelerator Demo Day, Global Investor… Read More

August 19, 2019 @ 7:19 am By JD Alois  |  

Switzerland Global Enterprise (S-GE) and the Swiss Business Hub ASEAN expect to showcase approximately 30 different Fintech firms at the upcoming Singapore Fintech Festival this coming November. A noted Asian Fintech Hub, the annual Singapore Fintech Festival has captured wide participation from Southeast Asia as… Read More

August 15, 2019 @ 3:45 pm By JD Alois  |  

Singapore has emerged as an Asian hub of crypto innovation. The southeast Asian country has always been Fintech friendly as policymaker has sought to establish a jurisdiction of financial innovation. Published last month, the Inland Revenue Authority of Singapore proposed an approach to crypto that… Read More

August 11, 2019 @ 8:02 pm By X.Y. Ng  |  

Thanks to the rise of peer-to-business (P2B) lending, the concept of Small and Medium Enterprise (SME) debt as an asset class has altered for the better. With low risk of default and high-interest rate returns, it is now possible to invest in SME debt at… Read More

August 6, 2019 @ 9:22 pm By JD Alois  |  

According to a recent survey, in Singapore digital banking has some pent up demand. JD Power has published a brief retail banking satisfaction study and, according to their numbers, 65% of consumers are interested in opening digital bank accounts. This is an increase from the… Read More

August 6, 2019 @ 3:54 pm By Samantha Hurst  |  

LiquidX, a global network for illiquid assets, announced on Tuesday it has welcomed DBS Bank to its network. According to LiquidX, DBS is a financial services group in Asia that has successfully completed a primary receivables transaction with one of its key relationship clients through… Read More

August 2, 2019 @ 10:32 am By JD Alois  |  

NGC Ventures, a crypto fund of one of a leading blockchain investment firm, has announced a strategic investment in crypto brokerage Troy Network. In a release, NGC said it led the multimillion-dollar investment with BlockVC. Troy Trade, part of the Troy Network, is a global… Read More