Tagged: singapore

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

April 25, 2017 @ 9:58 am By Samantha Hurst  |  

The National University of Singapore (NUS) School of Computing and the IBM Center for Blockchain Innovation (ICBI), a part of IBM Research, announced on Tuesday they are collaborating to develop a module on fintech, which is set to better equip students with essential knowledge and skill sets in this area…. Read More

April 24, 2017 @ 9:30 pm By Cole Lyons  |  

The Singapore based platform, Woomentum, has announced its plan to expand into the emerging market in Vietnam. Woomentum, founded by Mouna Aouri, is a crowdfunding site that focuses on female entrepreneurs, providing them with support during the most difficult stage of the start-up processes. Their website states:… Read More

April 23, 2017 @ 9:49 pm By JD Alois  |  

DeClout (SGX:5UZ) has launched a new incubator program designed to help local Fintech startups. Announced today, the program has been launched via its wholly-owned subsidiary, DeClout Investments Pte. Ltd. Under its incubation program DeClout will mentor early-stage startups and help them in product development, proof-of-concept,… Read More

April 21, 2017 @ 3:08 pm By JD Alois  |  

This is a special time of the year in Washington, DC. It is the annual Spring Meetings of the IMF and World Bank meaning a diverse group of policymakers and regulators descend upon the US Capitol clogging restaurants and over-booking hotels. This also means there… Read More

April 21, 2017 @ 8:20 am By JD Alois  |  

ASEAN crowdfunding platform CoAssets (ASX: CA8) is pushing into Hong Kong as part of a growth and “internationalization strategy”. CoAssets announced a Memorandum of Understanding this past March. CoAssets announced it has entered into a Share Sale and Purchase Agreement (SPA) with the shareholders of Fintech Pte… Read More

April 18, 2017 @ 8:55 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) under the ongoing UNCDF’s SHIFT (Shaping Inclusive Finance Transformations) have partnered on a program to increase digital financial services across the ASEAN region. According to MAS, the two entities will explore opportunities… Read More

April 12, 2017 @ 10:44 am By JD Alois  |  

Crowd Genie, a small business lending platform, has received regulatory approval from the Monetary Authority of Singapore (MAS). Crowd Genie was granted a Capital Markets Services (CMS) license from MAS, an important development for the peer to peer lending platform. Crowd Genie has been in… Read More

April 12, 2017 @ 9:36 am By JD Alois  |  

Global economic powerhouse Singapore is tightening its relationship with China as indicated by the 3rd Singapore-Shanghai Financial Forum (SSFF) in Singapore today.  The SSFF is an annual forum that seeks to bring together financial industry participants from Singapore and Shanghai to discuss pertinent market developments and… Read More

April 11, 2017 @ 7:33 am By JD Alois  |  

Singapore-based MoolahSense, a marketplace lending platform, has added invoice financing as a new product line. The new service will allow SMEs to access financing to address short-term capital needs of up to $15,000. For investors, a nominal interest rate of up to 12% may be earned…. Read More

April 7, 2017 @ 1:36 am By Jonathan Nieh  |  

Marvelstone Capital, a data-driven asset management company located in Singapore, announced last week that it would begin rolling out robo-advisors to its family office clients in Asia. The robo-advisors, co-developed with another Singapore-based fintech startup Smartfolios, will be available on desktop and mobile. Marvelstone Capital hopes the… Read More

April 5, 2017 @ 9:57 am By Jonathan Nieh  |  

  Yesterday, fintech startup soCash announced it had raised another US $600K (S$ 836,697) from angel investors. soCash, located in Singapore, provides digital cash management services to banks. The platform bills itself as a better and cheaper alternative to ATMs: The solution plugs into the mobile apps of… Read More

March 31, 2017 @ 6:43 am By Erin Hobey  |  

Crowdo has launched its securities crowdfunding platform today at the Singapore Exchange (SGX) hosted ‘Plugged In’ event during which Crowdo Co-Founder and CEO Leo Shimada gave the keynote address. The event was also the forum for the official announcement of Crowdo’s strategic partnership with the SGX. Crowdo’s… Read More

March 28, 2017 @ 10:32 am By Samantha Hurst  |  

FundedHere announced on Tuesday it is opening its crowdfunding platform to mass affluent investors in Singapore while planning to expand into Malaysia and Indonesia. According to FundedHere, it will begin offering crowdfunded equity or lending opportunities to private investors other than accredited investors, which are defined as individuals… Read More

March 27, 2017 @ 10:36 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) is continuing its push to collaborate with financial regulators around the world to improve Fintech innovation and collaboration. MAS today announced a cooperation agreement with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés… Read More

March 26, 2017 @ 12:05 pm By Jonathan Nieh  |  

  KMPG just released part one of its Changing Landscape of Disruptive Technologies 2017 publication series, Global Technology Innovation Hubs. In the report, KPMG discusses the cities, countries, people and companies that are driving innovative development around the world. The report is based on data… Read More

March 20, 2017 @ 12:25 pm By Samantha Hurst  |  

On Monday, IBM announced the launch of its new developer tools specifically for financial services, which is known as the IBM Cloud for Financial Services. The new tools will notably offer the “essential building blocks” for financial services app creations. IBM reported that over 100,000… Read More

March 16, 2017 @ 11:03 pm By JD Alois  |  

Singapore-based Fintech startup Invictus has partnered with IBM (NYSE:IBM) to leverage their cloud and blockchain tech to power their order, logistic and payment platform (OLP). Invictus will also be working with the IBM “Bluemix Garage” in Singapore to design a distributed ledger (DLT) platform prototype on the… Read More

March 16, 2017 @ 9:04 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), has proposed a limitation on the usage of coins for payment of goods and services. Recognizing the waning importance of coin-based currency, MAS pitched new legal tender limits as follows: A legal tender limit of 10 coins per denomination… Read More