Posts From Fintech News Singapore
Indonesian Crypto Investment Platform Pintu Raises US$113 Million Series B
Pintu, an Indonesian crypto asset trading and investment platform, announced that it has closed a Series B funding round of US$113 million (Rp. 1.6 trillion). Investors joining the round include Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. Through this
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Binance Labs Invests in PancakeSwap’s Token CAKE
Binance Labs, the venture capital and incubation arm of Binance, has invested an undisclosed sum in PancakeSwap’s utility and governance token CAKE. PancakeSwap is a decentralised exchange built on BNB Chain and has daily active users of over 400,000 since
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Currencycloud Secures AFS License to Offer Its Full Suite of Services in Australia
Currencycloud, a provider of B2B embedded cross-border solutions, announced that it was granted an Australian Financial Services (AFS) license by the Australian Securities and Investments Commission (ASIC). The granting of the AFS license follows the appointment of Nick Briscoe as
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MAS Beefs up Guidelines to Strengthen Banks Against Service Disruptions
The Monetary Authority of Singapore (MAS) has issued revised guidelines on Business Continuity Management (BCM) for financial institutions (FIs). The move aims to help FIs strengthen their resilience against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and physical
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OCBC Launches Its Inaugural Sustainability Innovation Challenge With SATS
OCBC Bank has partnered its corporate customer SATS, a food solutions provider, to launch the inaugural OCBC Sustainability Innovation Challenge. Companies worldwide will pitch solutions to address three waste management and reduction challenges identified by SATS relating to the segregation
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Digital Technology Investment Bears Fruit for Singaporean Retailers
During COVID-19, Singaporean retailers adapted well to the constraints imposed by the pandemic, ramping up investment to improve their operations and integrate digital technologies. These investments bore fruit, with 68% of 500+ Singaporean businesses surveyed by Adyen and KPMG indicating
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Binance Pay Picks TripleA as Its Global Cryptocurrency Payment Gateway
TripleA, a digital payment token licensee, has been selected as the global cryptocurrency payment gateway for Binance Pay. Binance Pay is the bridge between Binance, a cryptocurrency infrastructure provider, and the retail world. This partnership with TripleA gives merchants access
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Ant Group Soft Launches Its SME-Focused Digital Wholesale Bank ANEXT
ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, announced its soft launch today. The bank said in a statement that the soft launch follows its receipt of MAS’ approval to commence business
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Singapore’s First Wholesale Digital Bank GLDB Goes Live
The Green Link Digital Bank (GLDB), one of the winners of Singapore’s digital banking licenses, has officially commenced its operations. The consortium behind GLDB comprising Greenland Financial Holdings and Linklogis Hong Kong was awarded one of the two digital wholesale
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Emergency “Kill Switch” Among Security Measures Pushed by MAS to Combat Fraud
An emergency self-service “kill switch” to suspend their bank accounts quickly if it has been compromised are among the additional measures that are being pushed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).
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