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Nicolas Mas Joins Zenika as the New CTO for APAC

Software development company Zenika announced that Nicolas Mas has joined the executive team as Chief Technology Officer in Singapore to support its next phase of growth in the Asia Pacific region. Nicolas will be responsible for handling all technical aspects

Financial Inclusion

Mastercard, Grab to Provide Digital Upskilling for Millions of Informal Workers and SMEs

Mastercard and Southeast Asian superapp Grab announced a regional partnership to provide millions of informal workers and small businesses on the latter’s platform access to digital upskilling opportunities This push to advance digital and financial inclusion in the region aims

Lending

MAS Says BNPL Does Not Pose Significant Risk at This Stage

Buy Now, Pay Later (BNPL) schemes do not pose a “significant risk” to household indebtedness as they are not yet widely used relative to other payment methods, according to a Parliamentary reply yesterday. The popularity of the BNPL scheme has

Security

MAS Plans to Roll Out ‘COSMIC’ Platform to Combat Money Laundering by 2023

The Monetary Authority of Singapore (MAS) plans to launch a digital platform for financial institutions (FIs) to share with one another relevant information on customers and transactions to prevent money laundering (ML), terrorism financing (TF) and proliferation financing (PF) .

Blockchain/Bitcoin

DBS, J.P. Morgan and Temasek’s Joint Venture Partior Taps OVO’s Former Chief as New CEO

Partior, a newly-created, blockchain-based clearing and settlement technology platform, announced the appointment of Jason Thompson as its Chief Executive Officer. The platform is a joint venture between investment company Temasek, and banks DBS and J.P. Morgan, with its genesis from

Blockchain/Bitcoin Payments

MAS Green Lights DBS’ Brokerage Arm for Digital Payment Token Services

DBS Vickers (DBSV), the brokerage arm of DBS Bank, announced that it has received formal approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019 to provide digital payment token services as a Major Payment Institution.

Australia Blockchain/Bitcoin

Independent Reserve Secures Full Digital Payment Token License From MAS

Australian cryptocurrency exchange Independent Reserve has received a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. It

Lending

HSBC, Temasek Launches US$150 Million Debt Financing Platform for Sustainable Projects

HSBC and Temasek announced a partnership to establish a US$150 million debt financing platform dedicated to sustainable infrastructure projects with an initial focus on Southeast Asia, as part of efforts to reduce climate change. In a joint statement, both entities

Blockchain/Bitcoin

SGX and Temasek’s Digital Asset JV Marketnode Partners FIs Ahead of Product Launch

Marketnode, a Singapore Exchange (SGX) and Temasek digital asset joint venture, announced its partnership with ten global financial institutions ahead of its upcoming product launches. The JV’s upcoming products will be focused on digital issuance services, ESG bond data and

Blockchain/Bitcoin

InvestaX Launches Securities Token Exchange in MAS’ Fintech Sandbox

InvestaX, a Singapore-headquartered online investment and trading platform for Digital Securities (DSO) and Security Tokens (STO), launches its exchange in the Monetary Authority of Singapore‘s (MAS) sandbox. The company said that its entry in the sandbox provides a one-stop shop