Posts From Fintech News Singapore
Singapore SMEs Struggle to Secure Financing
In Singapore, small and medium-sized enterprises (SMEs) are struggling to secure sufficient financing from traditional lenders, with most still largely relying on their personal networks to support their business, findings from a new study by cloud banking startup Mambu show.
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Crypto.com Secures In-Principle Approval for a Major Payment Institution License
Crypto.com announced today that it has received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore (MAS). Once Crypto.com secures the full license, the crypto exchange will be able to offer a wide range of
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DBS PayLah! Users Can Now Scan UnionPay QR Codes to Pay in 45 Countries
DBS PayLah! users can now make payments to retailers in 45 countries using UnionPay’s QR Code payment option. DBS is the first Singapore bank to enable this service. The service is the result of a collaboration between DBS, UnionPay International
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Partior Sets up Development Center in India, Makes Several Key Appointments
Partior, a blockchain technology provider for payments clearing and settlement, has set up its new Hyderabad Development Center in India and made several appointments to its leadership team. The Hyderabad Development Center is the first in the company’s line-up of
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Singapore Fintech Helicap Raises US$5 Million from Tikehau Capital, PhillipCapital
Fintech investment platform Helicap announced that it has raised US$5 million in a funding round from global asset managers Tikehau Capital and PhillipCapital. Jean-Baptiste Feat, Global Co-CIO of Tikehau Capital and Grace Tang, Executive Director at Phillip Private Equity, will
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MAS Taps AI-Powered NovA! For Green Financing as Its First Use Case
The Monetary Authority of Singapore (MAS) announced the first use case of NovA! to help financial institutions (FIs) assess the sustainability performance of Singapore’s real estate sector. NovA! is a part of the National Artificial Intelligence (AI) Programme in Finance
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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector
The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory
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Experian Says 25% Of Consumers Were Victims of Online Fraud in Asia Pacific
Consumer financial data service provider Experian found that a quarter of consumers across Asia Pacific (APAC) have been victims of online fraud, but across all markets surveyed in the region, many remain unconcerned about fraud and identity theft amidst today’s
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Bybit Plans Massive Layoffs to Remove Dead Weight to Face Crypto Winter
Cryptocurrency exchange Bybit plans to lay off up to 30% of its workforce saying that while the organisation’s size had grown exponentially, the pace of its overall business growth has lagged. According to an internal email by Ben Zhou, Co-founder
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Singapore and French Regulators Carry Out Joint Cyber Crisis Exercise
The Monetary Authority of Singapore (MAS), the Banque de France (BdF) and the Autorité de contrôle prudentiel et de résolution (ACPR) had carried out a joint crisis management exercise focused on cybersecurity threats. Backed by the Banque de France, ACPR
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