List of Licensed Crypto Services Providers in Singapore
Jan 25, 2024 · Singapore’s Payment Services Act licensing framework for payment service providers, Source: Deloitte, 2019 . Since the PS Act came into effect on January 28, 2020, the Monetary Authority of Singapore (MAS) has received over 580 applications for payment services licenses and completed the review of more than half of them, MAS board member Alvin Tan said on April 4, 2022.
6 Key Takeaways From MAS’ New Technology Risk ... - Fintech …
Mar 24, 2021 · With the rising numbers and scale of cyberattacks, the Monetary Authority of Singapore (MAS) revised its technology risk management (TRM) guidelines on January 18,2021.. The TRM guidelines apply to all financial institutions (FI) that MAS regulates, ranging from large ones like banks, insurers and exchanges to small ones like venture capital managers and payments services firms.
Singapore’s First Wholesale Digital Bank GLDB Goes Live
Jun 3, 2022 · The Green Link Digital Bank (GLDB), one of the winners of Singapore’s digital banking licenses, has officially commenced its operations. The consortium behind GLDB comprising Greenland Financial Holdings and Linklogis Hong Kong was awarded one of the two digital wholesale bank licenses by the Monetary Authority of Singapore (MAS) in …
Ant Group Soft Launches Its SME-Focused Digital Wholesale Bank …
Jun 6, 2022 · ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, announced its soft launch today. The bank said in a statement that the soft launch follows its receipt of MAS’ approval to commence business on 2 June 2022.
What's Next For Digital Insurer Singlife After Its Merger With Aviva ...
Jan 28, 2021 · 2020 was a good year for Singapore’s digital life insurer Singlife. The company completed its S$3.2 billion merger deal with Aviva Singapore, the largest transaction ever in the Singaporean insurance sector. It also launched the Singlife Account, a mobile-first insurances savings account, which rapidly gained popularity and now counts almost 80,000 customers.
A List of Digital Banks in Asia - Fintech Singapore
Mar 7, 2024 · Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.
Top 10 Most Well-Funded Fintechs in Indonesia in 2022
Sep 29, 2022 · Indonesia, Southeast Asia’s largest economy, has emerged over the past couple of years as one of the region’s biggest fintech hubs. Home to 785 fintech companies, as of late 2021, Indonesia is currently Southeast Asia’s second largest fintech startup community. These companies secured 26% of all fintech funding amount across Southeast Asia, second only to Singapore (44%), showcasing the ...
Fintech Singapore Digital Finance News - FintechNewsSG
Fintech News Singapore China Green Fintech Singapore and China Boost Green Finance, Capital Market Connectivity By Fintech News SingaporeNovember 12, 2024 The Monetary Authority of Singapore (MAS) announced new initiatives aimed at bolstering financial cooperation with China. These initiatives focus on green finance and capital markets, further solidifying the strong ties between the two nations.
How Fintech and Digital Platforms are Driving Financial Inclusion ...
Jan 20, 2022 · Tencent, a tech and entertainment firm, operates WeChat, a social application that had some 1.2 billion active users in 2020. Its in-app payment system, called WeChat Pay, has over 900 million users, according to Business of Apps. In the last quarter of 2019, WeChat Pay managed over one billion business transactions of online …
Rise of Nium to Become a Rare Singaporean Fintech Unicorn
Oct 30, 2023 · Known for its thriving financial sector and cutting-edge technological prowess, Singapore has seen its share of successful startups. Yet, Nium is one of the exceptional few among fintech outfits headquartered in Singapore that have managed to attain the status of unicorn, a valuation of over US$1 billion.