Posts From Fintech News Singapore
FOMO Pay Enters Hong Kong Market With Newly Acquired License
FOMO Pay has announced its acquisition of a Money Service Operator (MSO) License from the Hong Kong Customs and Excise Department. This license will enable FOMO Pay to start offering payment and remittance services in Hong Kong, aimed at improving
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Ned Phillips Unveils SaaS-Based Robo-Advisor ‘Bambu GO’ at SFF 2023
Bambu, a digital wealth technology provider, has launched its latest offering – Bambu GO – that is designed to provide financial institutions with a customisable robo-advisor for mass retail investors. The new offering is a SaaS-based robo-advisor that is integrated
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Fintechs Brace for New Hiring Trends and Niche Roles in Next Few Years
In the latest edition of the Singapore Fintech Talent Report 2023, jointly presented by the Singapore Fintech Association and Accenture Singapore, valuable insights emerge for industry leaders, HR professionals, and policymakers. The report serves as a comprehensive analysis of the
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Mastercard and NEC to Bring Biometric Checkout to APAC
Mastercard and NEC Corporation have announced a partnership to bring Mastercard’s Biometric Checkout Programme to the Asia Pacific region. The programme will allow consumers to use their biometrics to pay for goods and services in stores. The partnership will combine
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Amazon Offers Exclusive Merchandise through Blockchain Wallets at SFF 2023
Amazon, StraitsX (part of Fazz) and Grab have launched an industry pilot at the Singapore Fintech Festival (SFF) that allows users to connect their blockchain wallet to redeem exclusive merchandise. The pilot is built on the Monetary Authority of Singapore’s
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Temasek Trust, MAS Partner to Propel Fintech and Impact Investment in Singapore
Temasek Trust has recently entered into a strategic partnership with the Monetary Authority of Singapore (MAS) through a Letter of Intent, aiming to develop a unified fintech and impact investment roadmap, focusing on creating an interoperable technology framework. The framework
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Singapore’s Platform Workers Grapple with Financial Freedom, Retirement Planning
A recent study has revealed that platform workers in Singapore face a number of financial challenges, including low levels of financial freedom, difficulty meeting monthly savings targets, and a lack of retirement planning. The ‘Financial Freedom for Platform Workers and
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IFC, MAS, and WEF Sign MOU to Boost Digital Inclusion in Emerging Economies
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS), and the World Economic Forum have committed to a Memorandum of Understanding, aiming to enhance digital inclusion in emerging and developing economies. This initiative seeks to address the disparities faced
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MAS Unveils AI-Powered Tool ‘MVP’ for Sustainability-Linked Loans
The Monetary Authority of Singapore (MAS) announced the launch of the Minimum Viable Product (MVP) to assist banks in issuing Sustainability-Linked Loans (SLLs) in the real estate sector. The tool will help banks to address key challenges such as inaccurate
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ANEXT Bank Launches API Repository to Help SMEs Access Financial Services
ANEXT Bank, a digital wholesale bank in Singapore, is taking steps to make financial services more accessible to small and medium-sized businesses (SMEs). The bank launched the ANEXT Programme for Industry Specialists (APIs) and partnered with three new platforms; food
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