Tagged: singapore

June 5, 2017 @ 12:15 pm By JD Alois  |  

      LATTICE80 and Nordic Finance Innovation (NFI) have announced a new partnership to “bridge Asia and the Nordic’s Fintech ecosystems.” LATTICE80 is the creation of Marvelstone Group, a private investment firm.  The two entities signed a Memorandum of Understanding (MOU) to seal the… Read More

May 31, 2017 @ 9:29 am By JD Alois  |  

Ravi Menon, current Managing Director of the Monetary Authority of Singapore (MAS), has been re-appointed to the MAS board of directors. His term on the Board has now been extended to June 1, 2019. Menon began his career at MAS in 1987. He holds a Master in… Read More

May 31, 2017 @ 1:24 am By JD Alois  |  

Last year, the Infocomm Media Development Authority, or IMDA, was formed in Singapore. Today, IMDA has become an factor in driving the digital innovation vision established by the Singapore government. Speaking last week at the Infocomm Media Business Exchange Opening Ceremony, Dr. Yaacob Ibrahim, Minister for Communications… Read More

May 29, 2017 @ 10:03 am By JD Alois  |  

In a speech delivered to the Symposium on Asian Banking and Finance, co-hosted by the Monetary Authority of Singapore and the US Federal Reserve Bank of California, Ravi Menon, Managing Director of MAS, spoke about Asian banking and addressed the potential of Fintech to help the… Read More

May 26, 2017 @ 6:03 am By Erin Hobey  |  

Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. The company claims itself as the largest pure marketplace platform in Singapore and greater Southeast Asia offering invoice financing and secured lending products. Accredited… Read More

May 25, 2017 @ 7:32 pm By JD Alois  |  

Silver Bullion reports it has now facilitated S$30 million in peer to peer loans secured by precious metals like gold and silver. The Singapore-based platform expects to pay out S$1 million in interest as the loans mature. Lenders are receiving an average return of 3.83%… Read More

May 23, 2017 @ 9:34 am By JD Alois  |  

The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More

May 22, 2017 @ 7:46 am By JD Alois  |  

LATTICE80, Singapore-based Fintech hub owned and operated by private investment firm Marvelstone Group, has signed a memorandum of understanding (MOU) with Nanyang Polytechnic (NYP) to offer a Fintech experience program for year 1 and 2 students. NYP students that qualify can may up to be… Read More

May 22, 2017 @ 6:31 am By Erin Hobey  |  

Singapore-based blockchain service provider VeChain S.E.A, a subsidiary of the leading blockchain technology company in China, BitSE, is proud to announce it will join PwC’s incubation program. PwC and BitSE held a signing ceremony on Monday in Hong Kong with Raymund Chao, PwC Greater China Chairman,… Read More

May 20, 2017 @ 4:08 pm By JD Alois  |  

Mumbai-Singapore based Telr, founded in 2014 by Sirish Kumar and Elias Ghanmen, has received additional funding in a Series B round. Telr received $3 million led by Innovation East Funds.  Telr is a payments gateway, MCA and ecommerce platform that is growing in emerging markets. Telr expects… Read More

May 20, 2017 @ 9:36 am By Jonathan Nieh  |  

According to TechinAsia, StashAway, a Fintech startup based in Singapore focused on providing wealth management, announced it had secured US $2.15 million in funding for its Series A round. StashAway is a software solution for individual investors to manage their investment portfolio. StashAway claims to… Read More

May 17, 2017 @ 1:50 am By JD Alois  |  

CCRManager Pte Ltd, a Fintech company based in Singapore, has launched an online platform for the distribution of trade finance, supply chain finance and working capital assets.  The online platform will enable banks to manage the entire process of distributing trade finance internationally to other… Read More

May 16, 2017 @ 8:54 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced the 2nd edition of the Singapore FinTech Festival, to be held in Singapore from 13 to 17 November 2017. The event is organized in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx… Read More

May 9, 2017 @ 12:23 pm By Erin Hobey  |  

Invoice Bazaar, a UAE Fintech supply chain finance platform announced an investment from Shirish Apte, former CEO and Chairman Asia Pacific of Citigroup. Founded last year in Dubai, Invoice Bazaar has now expanded into India and Singapore. “Having seen the business model of many FinTech… Read More

May 9, 2017 @ 7:47 am By Erin Hobey  |  

Singapore-based Senjō Group, a leading privately-held payments platform operator and active Fintech investor, has successfully secured a Payment Institution (PI) license in Lithuania, according to news services. The company received permission from the Bank of Lithuania to acquire Lithuanian payment institution Finolita Unio, thereby gaining access to… Read More

May 3, 2017 @ 1:55 am By Cole Lyons  |  

The Fintech firm InstaReM has recently entered a partnership with Goldfield Money. The two plan to assist migrants by providing them with banking services, along with serving overseas small and medium sized corporations based in Asia. InstaReM, based in Singapore, and Goldfield Money, which is listed… Read More

April 30, 2017 @ 9:35 am By JD Alois  |  

Transferwise is a great service. I know it is great because I am a customer. Awhile back I reached out to my bank (big, multinational, global brand name with a storied history) and told them I needed to quickly transfer some money to an international… Read More

April 28, 2017 @ 8:54 am By Jonathan Nieh  |  

This week, two separate partnerships involving Fintech education were announced in Singapore. Visa announced it has partnered with the Singapore Fintech Association and five local polytechnic schools to nurture future talent through a series of engagements with students from the schools. IBM also announced this week… Read More

April 27, 2017 @ 9:23 pm By Jonathan Nieh  |  

Life insurance startup Singapore Life Pte Ltd announced it has raised over US$50 million in its Series A round of funding. The bulk of the investment came from a subsidiary of China Credit FinTech Holdings Limited, a Hong Kong Stock Exchange-listed company. UK-based investment firm… Read More

April 26, 2017 @ 1:03 am By Jonathan Nieh  |  

According to several reports, fintech in Asia reached record numbers in 2016. Singapore, in particular, has seen huge growth the last few years and has long proclaimed itself as the premier fintech hub in Asia. Some of the reasons why Singapore has been able to establish itself… Read More