Tagged: singapore

November 19, 2018 @ 9:56 am By Samantha Hurst  |  

OneConnect, a subsidiary of China’s insurance giant, Ping An, announced on Monday it officially opens in Singapore this month and is set to expand within the region at a rapid pace. The company reported that while it is the early days for OneConnect Singapore, the new office have already received overwhelming regional customer… Read More

November 17, 2018 @ 12:09 pm By Xu Gao  |  

Beijing publishes Fintech Development Plan (2018-2022) Recently, the Zhongguancun Administration Committee, the Beijing Financial Work Bureau and the Beijing Municipal Science and Technology Committee jointly issued the “Promotion of Financial Technology Development Plan (2018-2022)” (hereinafter referred to as “plan”). The goal of the plan is,… Read More

November 15, 2018 @ 8:21 am By Samantha Hurst  |  

CreditEase, a huge Chinese Fintech that started as just a peer to peer lending platform, announced on Thursday its founder and CEO, Ning Tang, has been named fintech advisor for the Singapore government. Ning reportedly asked by the Singapore Government to sit in on its International Technology… Read More

November 15, 2018 @ 8:09 am By Samantha Hurst  |  

Pundi X (CURRENCY: NPXS), a global developer of blockchain-powered devices, announced on Thursday it has moved its global headquarters from Indonesia to Singapore. The company reported that it was expanding its international operations to Singapore in recognition of the country’s encouraging stance towards blockchain technology and rising… Read More

November 15, 2018 @ 1:45 am By Cali Haan  |  

“Change is the only constant,” began IMF Managing Director Christine Lagarde as she addressed a crowd at the Singapore Fintech Festival earlier today (November 14th). “A new wind is blowing, that of digitalization. In this new world, we meet anywhere, any time…A world in which… Read More

November 14, 2018 @ 2:58 pm By Samantha Hurst  |  

On Wednesday, The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival. The FinTech Awards, which is supported by PwC, recognizes innovative fintech… Read More

November 14, 2018 @ 10:30 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has proposed an expedited process for aspiring Fintechs participating in their regulatory Sandbox. First launched in 2016, the Singapore Fintech Sandbox seeks to foster a mutually beneficial relationship between innovator and regulator.  In an industry with profound compliance requirements, the regulator is exposed to entrepreneurs seeking to… Read More

November 13, 2018 @ 9:31 pm By JD Alois  |  

A report published a few days backed, addressed the question of which country is tops when it comes to Fintech innovation. For some time now, Singapore and the UK have both aspired to sit on the Fintech throne each providing unique characteristics to their entrepreneurial… Read More

November 13, 2018 @ 3:30 pm By Samantha Hurst  |  

The Astana Financial Services Authority (AFSA), Astana International Financial Centre Authority (AIFCA) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a tripartite Cooperation Agreement to boost FinTech ties between Singapore and Kazakhstan. The Cooperation Agreement was signed by Mukhtar Bubeyev, Acting… Read More

November 13, 2018 @ 9:44 am By JD Alois  |  

UK based Innovate Finance and the Singapore Fintech Association have signed a memorandum of understanding (MOU) to “cement cooperation and greater collaboration between the UK and Singapore Fintech markets.” The agreement was announced during the annual Singapore Fintech Festival. As the UK government already partners… Read More

November 13, 2018 @ 9:13 am By Samantha Hurst  |  

The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a Memorandum of Understanding (MOU) to strengthen cooperation between the two countries in fintech. According to the two organization, the MOU will support the sharing of information… Read More

November 13, 2018 @ 8:19 am By JD Alois  |  

The Monetary Authority of Singapore has announced a $5 billion program where the money is placed with private equity and infrastructure fund managers. The announcement was made during the weeklong Singapore Fintech Festival – an event that attracts tens of thousands of attendees each year…. Read More

November 13, 2018 @ 8:06 am By JD Alois  |  

Today, the Monetary  Authority of Singapore (MAS) has announced the winners of their annual Global Fintech Hackcelerator which takes place during the Singapore Fintech Festival each year. Three winners have been selected from a group of 20 finalists. KPMG assisted in the competition. “The Global… Read More

November 12, 2018 @ 3:26 pm By JD Alois  |  

GTR Ventures, a global trade and supply chain investor, has inked three new deals with Fintech firms: Lucidity, iLoan and RM-Tech. According to GTR, these investments represent a pivot towards markets in China and South Asia. The investments were announced on the first day of… Read More

November 12, 2018 @ 10:15 am By Samantha Hurst  |  

Marvelstone Group, a Singapore-based private investment company, announced on Monday it has signed an MOU with A*ccelerate to incubate artificial intelligence (AI) startups in Singapore. The company reported that the partnership aims to collaborate on developing a global AI Hub as a community for innovative companies, including… Read More

November 12, 2018 @ 8:04 am By JD Alois  |  

Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS) helped to kick off the annual Singapore Fintech Festival today with a wide-ranging speech on the benefits of financial innovation. Singapore has become a hub in southeast Asia for Fintech development. The Festival attracts thousands… Read More

November 11, 2018 @ 11:52 am By JD Alois  |  

Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) have announced a successful blockchain pilot of “Payment (DvP) capabilities for the settlement of tokenized assets across different blockchain platforms.” The two entities have a goal of simplifying back-office operations, post-trade processes while shortening trade settlement… Read More

November 8, 2018 @ 9:15 pm By Samantha Hurst  |  

Singapore-based private investment platform Fundnel announced on Thursday it has officially expanded into Malaysia. According to Fundnel, the launch was officiated by Norhizam Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysia Digital Economy Corporation (MDEC) at a private event in the city center. Fundnel reported that Fundnel Malaysia will… Read More

November 8, 2018 @ 9:04 am By Samantha Hurst  |  

Singapore-based ride-hailing company Grab announced on Thursday it has teamed up with KASIKORNBANK (KBank) to introduce GrabPay by KBank, a co-branded mobile wallet, as well as a suite of other financial solutions in Thailand. Grab reported that through the new partnership, it marks the expansion of its… Read More

November 5, 2018 @ 9:55 pm By JD Alois  |  

Singapore based peer to peer lender MoolahSense has added a cloud and blockchain based Artificial Intelligence (AI) that is said to provide real-time anticipation of loan delinquency, fraud, and default. “MoolahSense Active Intelligence” (MAI) is designed to monitor loans and borrower business activities in real-time… Read More