Posts From Fintech News Singapore
MAS Proposes Raising Deposit Insurance Coverage to S$100,000
The Monetary Authority of Singapore (MAS) is proposing to increase deposit insurance (DI) coverage per depositor from S$75,000 to S$100,000 in a public consultation paper. The paper also seeks to improve the clarity and operational efficiency of the DI scheme.
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Spenmo Appoints Justin Choi as New CEO, Mohandass Takes up Advisory Role
Singapore-based payables management software platform Spenmo announced that it has appointed Justin Choi as its new CEO. He succeeds Mohandass Kalaichelvan who will assume an advisory position while remaining on the company’s Board of Directors. Mohandass said, “It has been
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MAS and SGX Group Collaborate with CDSC to Drive Global Climate Data Transparency
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) will collaborate with the Secretariat of the Climate Data Steering Committee (CDSC) so stakeholders around the world will have access to key climate transition-related data. This includes, but is
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Opportunities Lie Ahead for Swiss Fintech Startups in Vietnam
In Vietnam, rising demand for digital financial solutions, supportive policies and government initiatives to nurture fintech innovation are providing tremendous opportunities which Swiss fintech players should tap into, a new Vietnam Fintech report by Switzerland Global Enterprise (S-GE) says. The
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Crypto.com to Set up Global Innovation Lab for Blockchain, WEB3.0 and AI Projects
Digital asset exchange Crypto.com announced that it will establish its first Global Innovation Lab in Singapore, making the city-state its designated global R&D hub. The new lab will be focused on identifying novel applications for blockchain, WEB3.0 and AI as
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MAS Releases Open-Source AI Toolkit to Promote Responsible Use in Finance Sector
The Monetary Authority of Singapore (MAS) has released an open-source toolkit to enable the responsible use of Artificial Intelligence (AI) in the financial industry. The Veritas Toolkit version 2.0 comes on the back of an earlier version released in February
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MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
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Hugosave Taps Karl Franks as COO to Expand Asia Footprint
Singapore-based wealth and savings app Hugosave announced that it has appointed Karl Franks as its new COO to drive its strategic growth initiatives in Singapore and Asia Pacific. Karl will also oversee the day-to-day operations and enhance its effectiveness. With
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ABS Rolls Out Trade Finance Registry to Eliminate Duplicate Transactions
The Association of Banks in Singapore (ABS) has launched the Trade Finance Registry (TFR) to ensure there will be no duplication of trade financing transactions, according to a report by The Edge Singapore. Chaired by UOB, the TFR is supported
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Singlife Ties up With Aspire to Offer SMEs Greater Access to Financial Services
Homegrown financial services company Singlife has partnered with Singaporean B2B fintech Aspire to enable regional small-to-medium enterprises (SMEs) greater access to financial services. This partnership is the first to be launched under the fintech accelerator programme Singlife Connect which focuses
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