Posts From Fintech News Singapore

Nium Now Licensed by Japan’s Regulator for Money Transfers Over US$300K

Global payments platform Nium announced that it has secured a payments license to conduct higher-value financial transactions from Japan’s Financial Services Agency (JFSA). According to Nium, it is the first international company to be granted the Type 1 Funds Transfer

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Singapore Sees Progress in Fight Against Phishing with Stronger Bank Safeguards

Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year. This improvement is attributed to the concerted efforts of the Monetary

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Tiger Brokers Singapore Unveils Debit Card with Instant Fractional Share Rewards

Xiaomi-backed online brokerage Tiger Brokers Singapore has collaborated with online money transfer service Wise to introduce the Tiger BOSS debit card. The debit card offers its users the opportunity to earn fractional shares with every dollar spent, which unlike cashback

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HashKey OTC Gets In-Principle Nod for DPT Services in Singapore

HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide

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Revolut Expands ‘Mobile Wallet’ to S’pore for Transfers to Bangladesh and Kenya

Global neobank Revolut has expanded its services by launching the “Mobile Wallets” feature in Singapore, enabling customers to transfer money directly to Bangladesh and Kenya. Revolut plans to unveil additional wallet routes in the near future. This feature was first

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Singapore’s Equity Management Platform Qapita Raises US$17.2 Million

Singapore’s fintech startup, Qapita, has raised US$17.2 million in a funding round believed to be pre-Series B, adding to the US$22.68 million secured in 2020 and 2021. This latest financial infusion saw contributions from a mix of existing investors. Leading the

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StanChart’s audax and Thought Machine Tie Up for Digital Banking, BaaS Solutions

audax Financial Technology, backed by Standard Chartered, and Thought Machine, a cloud-native banking technology company, have announced a strategic partnership aimed at reshaping the banking technology arena. The partnership is set to deliver digital banking and Banking-as-a-Service (BaaS) solutions designed

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RBI Grants Payment Aggregator License to Amazon Pay in India

Amazon Pay has been granted a payment aggregator (PA) license by the Reserve Bank of India (RBI), marking a pivotal milestone for the digital payments arm of the e-commerce firm, Amazon India. This approval by RBI is not the first

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Elaine Heng to Lead OCBC’s Newly Formed Strategy and Sustainability Division

OCBC Bank has established a new division named Group Strategy, Innovation, and Sustainability. The division aims to anchor the bank’s strategic direction, fostering innovation and sustainability efforts. The new division, set to commence on 22 April 2024, will play a

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Singapore Fintech Fluid Founded by Former Atome Exec Trasy Walsh Raises US$5.2M

Singapore-based fintech startup Fluid has announced a US$5.2 million Series A funding round led by Insignia Ventures Partners to expand its flexible financing for business-to-business (B2B) purchase solution, as reported by The Business Times. This latest financial injection brings Fluid’s

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