Posts From Fintech News Singapore
DBS Completes Intraday Repo Transaction on J.P. Morgan’s Blockchain-Based Network
DBS announced that it had become the first bank in Asia to complete an intraday repurchase transaction on J.P. Morgan’s blockchain based network, Onyx Digital Assets. The network supports instant settlements and maturity of the transactions within hours instead of the
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UOB EVOL Cardholders Can Now Offset 100% Of Their Electricity Carbon Footprint
UOB EVOL cardholders will now be able to offset 100 percent or more of their household electricity carbon footprint for free when they charge SP Group’s (SP) utilities bills to their credit card. The bank will fund and contribute 2
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Singapore Dominates Nearly Half of All Fintech Funding in ASEAN
Results from the UOB study were shared in the latest Fintech in ASEAN report, an annual report by UOB, PwC Singapore and the Singapore Fintech Association, which looks at the state of fintech in Southeast Asia and venture capital (VC)
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Trust Bank Partners With Perx Technologies to Offer Over 120,000 Digital Coupons
Singapore’s digital bank Trust announced that it has formed a partnership with Perx Technologies, a SaaS lifestyle marketing platform provider to boost its customer engagement. Perx’s customer engagement platform uses gamification and behavioral science to create hyper-personalised interactions for meaningful
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NETS Rolls Out Prepaid Card With Daily Spending Limits of up to S$1000
Network for Electronic Transfers (NETS) has announced the launch of the NETS Prepaid Card, its first ‘smart’ stored-value card for retail and transit. There is no minimum age, income requirement, annual subscription fees or credit checks required for the purchase
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MAS Explains Why Binance Was Pinned on Investor Alert List but Not FTX
The Monetary Authority of Singapore (MAS) did not place the now-collapsed crypto exchange FTX on its Investor Alert List as it had no evidence that the latter was soliciting Singapore users specifically. In a statement addressing some questions and misconceptions
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WIAM Group Set to Expand Its Proprietary Neo-Financing Technology Globally
Fintech firm WIAM Group has set out to realise its international expansion plans to bring its proprietary “neo-financing technology” to empower consumers around the globe. Having raised its own seed funding, WIAM’s founders plan to establish partnerships in other regions
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VC Plus Gets In-Principle Approval to Provide Custodial Services for Digital Assets
Investment firm VC Plus announced that its subsidiary Custody Plus has received in-principle approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This allows Custody Plus to provide custodial services for capital market products,
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Singlife with Aviva Appoints Dr. Allen Kuo as Its Group Deputy Chief Investment Office
Financial services company Singlife with Aviva announced that it has appointed Dr. Allen Kuo as its Group Deputy Chief Investment Officer. He will strengthen specialist skills within the Investment Office as well as provide leadership and guidance as Singlife bolsters
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HSBC Singapore Appoints New Head of Wealth and Personal Banking
HSBC announced the appointment of Ashmita Acharya as Head of Wealth and Personal Banking (WPB) in Singapore, with effect 18 January 2023. Ashmita will report to both Wong Kee Joo, CEO, HSBC Singapore and Greg Hingston, CEO, HSBC Global Insurance
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