Posts From Fintech News Singapore
StanChart and Atome Form First-Of-Its-Kind Lender of Record Partnership
Standard Chartered announced that it has formed the first-of-its-kind Lender of Record partnership in Singapore with buy now, pay later (BNPL) firm Atome to co-create and offer a wide suite of mobile-first consumer payment solutions and financial services. This is
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Maha El Dimachki to Lead Singapore Center of BIS Innovation Hub
Maha El Dimachki has been appointed as the new head of the Singapore Center at the Bank for International Settlements (BIS) Innovation Hub, effective 1 October 2023 onwards. She will be taking over from Andrew McCormack who no longer works
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Thai SEC Issues New Rules for Crypto Firms, Bans Lending Services
The Thailand Securities and Exchange Commission (SEC) has issued a new set of guidelines for crypto platforms including banning them from offering lending services to customers. According to the new SEC guidelines, these firms will have to disclose a warning
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Thai Insurtech Roojai Acquires FWD General Insurance From bolttech
Thailand insurtech startup Roojai has agreed to acquire FWD General Insurance’s local business from bolttech to boost its market share in the country. Details of the transaction was not disclosed. Through this acquisition, Roojai will have a combined portfolio of
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DPM Lawrence Wong Succeeds Tharman Shanmugaratnam as MAS Chairman
The Deputy Prime Minister and Minister for Finance Lawrence Wong has been appointed as the new chairman of the Monetary Authority of Singapore’s (MAS) board of directors. His term will begin from 8 July 2023 and end on 31 May
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MAS Says Crypto Firms Must Segregate Customers’ Assets in a Trust by End-2023
Digital Payment Token (DPT) service providers will have to segregate customers’ assets from its own assets and safekeep it under a statutory trust before the end of the year, according to several new requirements laid out by the Monetary Authority
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Behind Singapore’s Experiment with a Digital Singapore Dollar
A new paper published by the Monetary Authority of Singapore (MAS) on June 21, 2023 introduces the concept of purpose bound money (PBM) and proposes a common protocol for digital money akin to a digital Singapore Dollar focusing on interoperability
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StanChart Appoints Singapore-Based Global Sustainability and Net Zero Lead
Standard Chartered has appointed Dana Barsky as its Global Head of Sustainability Strategy and Net Zero where she will be based in Singapore. In her new role, Dana will drive key sustainability agenda items that include overseeing the group’s delivery
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Singapore, Rwanda Launch RISE Programme to Boost Trade Opportunities
The Rwanda Imbaraga SME Ecosystem (RISE) programme has been launched to foster stronger connections between financial institutions and SMEs in both Rwanda and Singapore. RISE aims to equip SMEs in Rwanda with better capabilities to participate in domestic and cross-border
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MAS Proposes Code of Conduct on ESG Ratings and Data Products
The Monetary Authority of Singapore (MAS) is proposing an industry code of conduct for providers of Environmental, Social, and Governance (ESG) ratings and data products. ESG ratings help provide an assessment of the impact of ESG factors on an entity.
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