Tagged: singapore

July 14, 2025 @ 5:31 am By Michael Wong  |  

BDx Data Centers, a China-based carrier-neutral operator, has partnered with Singapore’s Anyon Technologies to install Southeast Asia’s first hybrid quantum artificial-intelligence testbed at BDx’s SIN1 facility in Paya Lebar, Singapore, according to an announcement. The companies signed a memorandum of understanding to formalise the collaboration,… Read More

July 13, 2025 @ 1:10 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) have agreed to deepen cooperation in green and transition finance following the third Singapore-China Green Finance Taskforce (GFTF) meeting, held in Singapore. The meeting, convened for the first time in the city… Read More

July 11, 2025 @ 10:13 pm By Michael Wong  |  

Schroders has established a Global Digital Assets Centre of Excellence in Singapore, in a bid to strengthen its push into digital innovation and as a deeper commitment to the evolving landscape of tokenised finance, according to a company announcement. The new centre, led by Marita… Read More

July 8, 2025 @ 9:48 pm By Michael Wong  |  

Singapore’s efforts to position itself as a regional hub for Fintech face a critical stumbling block, as most Fintech firms say they cannot obtain the bank data needed to build services for small businesses, a new industry report has shown. Fintech Nation, a public-benefit corporation… Read More

July 8, 2025 @ 5:04 am By Michael Wong  |  

Southeast Asia’s financial technology (Fintech) sector raised $776 million in the first half of 2025, up 31% from the $593 million recorded in the second half of 2024, according to Tracxn’s SEA FinTech Semi Annual Funding Report. While overall funding fell 22% compared to $1… Read More

July 5, 2025 @ 10:44 pm By Michael Wong  |  

Singapore’s central bank has imposed S$27.45 million ($20.3 million) in fines on nine financial institutions after concluding a sweeping investigation into anti-money laundering (AML) lapses tied to a major money laundering case uncovered in August 2023. The Monetary Authority of Singapore (MAS) said it had… Read More

July 4, 2025 @ 12:51 am By Michael Wong  |  

Singapore’s central bank will strengthen liquidity risk management rules and overhaul its data collection regime for fund managers, as it seeks to bolster resilience in the country’s asset management sector amid heightened global economic uncertainty. In a keynote speech at the Investment Management Association of… Read More

July 3, 2025 @ 1:24 am By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has proposed new measures to improve investor disclosures and simplify regulatory requirements for complex financial products, in a move aimed at balancing self-directed investing with protections for vulnerable consumers. The consultation paper, published on July 1, outlines enhancements to… Read More

July 2, 2025 @ 8:21 pm By Michael Wong  |  

Global investment major KKR has launched Ascend Asia Financial Services Group, a new financial advisory platform based in Singapore, according to an announcement. It also simultaneously announced the acquisition of Singapore advisory firm finexis and its affiliates. The acquisition, made through funds managed by KKR,… Read More

July 2, 2025 @ 10:46 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital asset industry, has signed a Memorandum of Understanding (MoU) with the Zanzibar e-Government Authority (eGaz), marking a collaboration to advance digital asset education and financial innovation across developing regions. This MoU aligns with Tether’s… Read More

July 1, 2025 @ 3:50 am By Michael Wong  |  

Southeast Asia’s technology ecosystem raised $2 billion in total funding in the first half of 2025, reflecting both a short-term slowdown and signs of long-term recovery, according to data from Tracxn. The figure marks a 24% decline from the $2.6 billion raised in the second… Read More

June 30, 2025 @ 8:34 pm By Michael Wong  |  

Wealthtech is reshaping Singapore’s wealth management sector as both startups and incumbent financial institutions ramp up digital transformation to meet rising investor demand for accessible, affordable, and personalized investment services, according to a new report by Quinlan and Associates and Allfunds Asia. The report shows… Read More

June 29, 2025 @ 1:54 am By Michael Wong  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have jointly announced the incorporation of the Singapore Payments Network (SPaN), a new not-for-profit entity that will oversee and govern the country’s national payment schemes. SPaN aims to consolidate the administration… Read More

June 23, 2025 @ 2:22 am By Tony Zerucha  |  

Allfunds Asia and Quinlan & Associates have co-published a thought leadership report that examines the wealthtech landscape in Hong Kong and Singapore and how financial institutions are leveraging wealthtech solutions to capture new market opportunities. Titled Rich Pickings: Unpacking the WealthTech Revolution in Hong Kong… Read More

June 4, 2025 @ 5:13 am By Michael Wong  |  

Aspire, a Singapore-based finance platform for businesses, has integrated with global payment infrastructure provider Stripe to enhance its payment capabilities, allowing users across Asia to accept a wider range of payment methods and improve cash flow management. The integration enables Aspire users to receive payments… Read More

June 4, 2025 @ 4:33 am By Omar Faridi  |  

MY E.G. Services Berhad, Malaysia’s e-government and digital services provider, signed a Memorandum of Understanding (MoU) with Singapore Trade Data Exchange Services Pte. Ltd. (SGTraDex), Singapore’s digital infrastructure for trade data exchange. The partnership seeks to enable both parties to facilitate digital cross-border trade between… Read More

May 29, 2025 @ 8:47 am By JD Alois  |  

Tribe Payments has announced a partnership with Finmo to offer end-to-end payment and treasury services to banking and Fintech clients across key growth markets, specifically the Asia-Pacific (APAC) and Europe. Tribe’s issuer and acquirer processing platform will be integrated with Finmo’s treasury and financial management… Read More

May 23, 2025 @ 2:40 pm By Michael Wong  |  

Singaporean investors are increasingly aware of cryptocurrency, with 94% of respondents familiar with at least one digital asset, according to the latest annual Independent Reserve Cryptocurrency Index. Despite record-high awareness, the actual ownership rate of cryptocurrencies has declined to 29% in 2025 from 40% a… Read More

May 17, 2025 @ 12:02 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has proposed reforms aimed at simplifying initial public offering (IPO) requirements and expanding outreach to investors, as part of broader efforts to strengthen the city-state’s position as a competitive equities hub. In a consultation paper, MAS outlined a three-pronged… Read More

May 10, 2025 @ 12:22 pm By Michael Wong  |  

Cryptocurrency exchange HTX and TRON founder Justin Sun have launched the Mars Program: Special Edition, a $6 million campaign offering one user a fully funded space voyage, Business News Asia reported. The campaign, which runs from May 7 to May 13 (UTC), invites all HTX… Read More