Tag "Singapore"

Startups set for Success after Completing The FinLab’s 100-day Accelerator Programme

The FinLab is set to see more success following the graduation of eight promising financial technology (FinTech) startups from its 100-day accelerator programme this month. The FinLab, an innovation accelerator joint venture between United Overseas Bank (UOB) and SGInnovate, provides

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The Undisputed Rise of AI and Virtual Reality for Financial Services

Today, it’s the digital customer’s world—banks just live in it. Twenty percent of bank customers are now digital-only users. Seventy-three percent admit they’d be more excited about a new offering from Apple, Google or Amazon than from their own Financial

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PolicyPal becomes the First Start-Up to Graduate from the Mas Fintech Regulatory Sandbox

Singapore-based startup PolicyPal today announced its graduation from the MAS FinTech Regulatory Sandbox and will commence operations as a registered direct insurance broker and exempt financial adviser under its subsidiary BaoXianBaoBao Pte Ltd from 1st September 2017. PolicyPal is the

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SAS and KPMG launch first cloud-based IFRS9 and stress testing RegTech solutions in Asia

SAS and KPMG in Singapore released two new Managed Analytics Service Providers (MASP) solutions – the first cloud-based, cost-effective and secure solutions in market to help financial institutions in Asia meet the International Accounting Standards Board’s (IASB) new IFRS9 reporting

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Payments Council Sets Up Taskforce to Develop Common QR Code for Singapore

Establishing interoperable electronic payments and developing a common QR code for Singapore were two key topics that the Payments Council discussed at its inaugural meeting on 11 August 2017. Establishing interoperable electronic payments The Council noted electronic payments as a

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Singapore-Based Blockchain Solutions Provider Bluzelle Closes US$1.5 Million Series a Round

Singapore based blockchain solutions provider Bluzelle has announced that it has raised a US$ 1.5 million Series A round. Aiming to be the database of the sharing economy and next iteration of the internet, Bluzelle is developing a decentralized, on-demand,

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OCBC Bank Launches Mobile Keyboard to enable Cashless Payment directly from any Mobile App

OCBC Bank has launched a mobile keyboard that allows customers to make peer-to-peer payments without having to exit their current mobile applications. The OCBC Keyboard can be used within any mobile app or browser – for instance, within Facebook, Whatsapp,

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Singapore Government: Exploring E-payments for Hawker Centers and Shops in the Heartlands

The National Environment Agency (NEA), Housing & Development Board (HDB), Monetary Authority of Singapore (MAS) and Smart Nation and Digital Government Office (SNDGO) have jointly issued a Request for Information (RFI) for electronic payment (e-payment) solutions to support micro-payments. Mainly

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Simplifying Electronic Payments in Singapore

At Singapore’s recent National Day Rally, Prime Minister Lee Hsien Loong highlighted that while Singapore has the right ingredients to become, what has been dubbed, a ‘Smart Nation,’ there is still much to be done. PM Lee lamented that while

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How are FinTech based enterprises bringing about a ‘Positive Disruption’ in Singapore?

FinTech, also known as Financial Technology, is a portmanteau of financial technology which englobes a better user interface for financial services and products. The concept of FinTech goes back to 1950 when conventional banking transactions were getting replaced by technological

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