Posts From Fintech News Singapore
NETS Announces Two New Board Appointments From OCBC
Network for Electronic Transfers (NETS) announced that Sunny Quek and Melvyn Low have been appointed to its Board of Directors, effective 1st November 2021 onwards. Sunny Quek, who is OCBC’s Head of Consumer Financial Services, succeeds Ching Wei Hong, the
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Meet the Winners of MAS’ Global CBDC Challenge
The Monetary Authority of Singapore (MAS) has announced the winners of the Global Central Bank Digital Currency Challenge (Global CBDC Challenge) at the Fintech Awards Ceremony of the Singapore Fintech Festival (SFF). Selected from 15 finalists, the three top winners each
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IMDA, MAS and ADGM Complete World’s First Digital Trade Financing Pilot
Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have successfully concluded the world’s first cross-border digital trade financing pilot of its kind. Commercial
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DBS Digital Exchange Reports Robust Growth Since It Went Operational 24/7
DBS Digital Exchange (DDEx) announced that it had recorded over S$600 million in digital assets under custody as at the end of October, triple the amount recorded in the previous month. The exchange has since witnessed robust growth since it
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Huobi’s Singapore Users Urged to Withdraw Digital Assets by March 2022
Huobi Global, a global blockchain asset financial services provider, announced that it will no longer be able to offer services to Singaporean users. The company cited the country’s strict regulations as a reason and will be closing the accounts of
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Rise of Financial Crime 4.0 Calls for Use of Advanced Technologies
The continued proliferation of digital technologies and the ongoing shift to online channels have heralded a new age of financial crime, one marked by undefined geographies and increased sophistication of attacks. In light of this new reality, professionals in the
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ASEAN’s Fintech Funding Tripled to US$3.5 Billion, Singapore Pulled in Lion’s Share
Fintech funding in ASEAN has more than tripled to a record high of US$3.5 billion in 2021 from 2020, with Singapore retaining the top spot thanks to its mega-rounds. According to the “Fintech in ASEAN 2021: Digital Takes Flight” report
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Check Out the 3 Winners of MAS’ Global Veritas Challenge 2021
The Monetary Authority of Singapore (MAS) has announced the three winners of the inaugural Global Veritas Challenge 2021 where each of them received a cash prize of S$50,000. The winners, selected from a pool of ten finalists, successfully addressed key
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MAS Says Crypto Unsuitable as Money, Lays Groundwork for Digital Singapore Dollar
Cryptocurrencies have performed poorly as a medium of exchange, a store of value, or a unit of account said Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS) during a speech at the Singapore Fintech Festival today.
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Here’s an Overview of MAS’ Four Pilot Programmes under Project Greenprint
The Monetary Authority of Singapore (MAS) announced that it will form partnerships to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for quality data on sustainability. Project Greenprint was launched in December 2020 and one
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