Various

EY to Spend US$ 1 Billion in Disruptive Technologies

EY announced plans to invest US$1 billion in new technology solutions, client services, innovation and the EY ecosystem over the next two financial years, commencing from July. According to EY, this move is part of their ongoing strategy to provide

Read More

New Report Explores Fintech Patent Race

Fintech innovation has experienced major growth in recent years mainly due to addressing the needs of financial institutions in modernizing payment services and improving customer experience in the digital age. The fintech landscape is quickly evolving with new services, business

Read More

Happy Birthday Singapore, The Fintech Nation

On August 9, 2018, Singapore will be celebrating its 53rd National Day, which every year commemorates Singapore’s independence from Malaysia with an exuberant parade, an address by the Prime Minister of Singapore, and fireworks celebrations. This is a great occasion

Read More

FinTech Plays a Crucial Role in Singapore’s Economy; Be Part of it

Despite being small countries, both Switzerland and Singapore are renowned for a high degree of innovation. In 2018, Switzerland has been ranked number one by the Global Innovation Index for the eighth year in a row while Singapore is the

Read More

UOB Starts Digital Bank for ASEAN

United Overseas Bank Limited (UOB) announced that it is introducing a digital bank for ASEAN’s massive and increasing base of ‘mobile first’ and ‘mobile only’ customers. UOB’s Digital Bank will be deployed in its key Southeast Asian markets as the Group

Read More

FundedHere To Cease FundedX’s Operations, Unauthorised to Operate Secondary Market

Following our earlier story on the launch of FundedX, a private exchange to trade shares of high growth startups, FundedHere told in a statement to Fintech News Singapore that they do not possess the necessary licensing to carry the activity.

Read More

11 New Fintech Books for Summer 2018

Technology and digital platforms are transforming business models and changing ground rules, virtually revamping the banking and financial services industry. To keep up with the rapidly evolving fintech world, here are ten new release books on fintech, digital finance, cryptocurrency and

Read More

2 Fintech Startups Made it Into the Rakuten-Techstars Accelerator in Singapore

Rakuten and Techstars revealed the 10 startups selected to join the high-profile Rakuten Accelerator, powered by Techstars, in Singapore. Selected based on their ability to shape the future of “Messaging as a Platform” for new technologies, the 10 startups will undergo

Read More

MAS Directs Financial Institutions to Tighten Customer Verification Process

The Monetary Authority of Singapore (MAS) has issued a circular to all financial institutions, directing them to tighten their customer verification processes. This follows the recent cyber attack at SingHealth where personal information of 1.5 million individuals was illegally accessed

Read More

Singapore’s Path to Digital Economy Still Facing Some Roadblocks

Use of mobile banking has overtaken physical branch interactions by 15% during the past 12 months, according to the J.D. Power 2018 Singapore Retail Banking Satisfaction Study. It is clear that Singapore’s Smart Nation journey to digitally transform its banking

Read More