Tag "Monetary Authority of Singapore"

Top-5 Countries to Setup Fintech & Blockchain Startups

While the coherent regulation of blockchain and fintech industry is yet to be developed, fintech startups find themselves navigating through regulatory jungles of various dos and don’ts when formulating their business models. Recent actions and statements of most state regulators

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A Rewards Platform for SMEs Cinches Polytechnic Students Victory in MAS Hackathon

The Monetary Authority of Singapore, together with five local polytechnics and 12 industry partners came together to hold the inaugural PolyFinTech 100 API Hackathon. The hackathon which started on the 2nd of June drew in close to 130 participants, who

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After Temasek Investment, P2P Lender Validus Surpasses $100 Mil In Funding

Validus, co-founded by former DBS Bank SME head Ajit Raikar is a peer-to-peer (P2P) lending platform that helps connect Singapore’s small and medium enterprises (SMEs) to accredited investors and financial institutions. Just recently, they announced that they have facilitated over

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FinTech Cooperation between Singapore and India

The Department of Economic Affairs (DEA), Government of India, and the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding to strengthen cooperation in financial innovation between Singapore and India, through the establishment of a Joint Working Group (JWG).

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Singapore and Brunei Enhance Cooperation in Fintech

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. The FinTech CA will facilitate the sharing of information on

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Asia-Pacific Fintech Market to reach US$72 billion by 2020

Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017. New innovations are expected to radically transform the way consumers

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Singapore ICO Guideline Released: Issuers May Apply for Sandbox

In light of the increased popularity of ICOs in Singapore, Monetary Authority of Singapore (MAS) published today their guidelines for digital token offerings, more popularly known as ICOs. The guidelines states that if the token is used as a capital

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InsurTech Is Disrupting Insurance Forever – Will There Still Be a Place for Human Financial Advisors?

Wave after wave of technological disruption has hit us in recent years and it looks like the insurance industry is next in line. Insurtech is the new tradename for an aggressively growing group of apps, software’s, and startups reinventing a

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First Bank in SouthEast Asia To Use Blockchain Technology For Payment Services

OCBC Bank has become the first bank in Southeast Asia to use blockchain technology in its local and cross-border payment funds transfer services. The use of a payment blockchain solution will see increased efficiency, transparency and security as well as

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MAS Awards a Full CMS Licence to MoolahSense

MoolahSense is the first marketplace lending platform to be granted a full Capital Markets Services (CMS) licence by the Monetary Authority of Singapore. The CMS licence for “Dealing in Securities” was issued today. This marks a milestone in the development

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