Posts From Fintech News Singapore
Singapore Takes the Lead In Banking-as-a-Service Adoption, Finastra Survey Says
A global study by Finastra suggests Singapore is leading the way towards the next evolution in financial services with the adoption of Banking-as-a-Service (BaaS). Almost half of respondents (47%) having deployed or improved their BaaS capabilities in the last year
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Synthetic Identity Theft Rises in Southeast Asia
Simply stated, synthetic identity theft is when a fraudster combines the personal information of different real-life people to create an authentic-looking digital identity. These identities can include Personally Identifiable Information (PII) such as name, identity card number, birth date and
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MAS Seeks Innovative Digital Currency Solutions Through New Global Challenge
The Monetary Authority of Singapore (MAS) announced the launch of a global challenge for retail Central Bank Digital Currency (CBDC) solutions. The Global CBDC Challenge seeks innovative retail CBDC solutions to enhance payment efficiencies and promote financial inclusion. MAS had
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Fave Pilots BNPL Services for Over 6 Million Users in Singapore and Malaysia
Payments platform Fave has launched its Buy Now, Pay Later (BNPL) service in Singapore and Malaysia to provide over 6 million users with instant access to interest-free credit to be used at over 40,000 stores as a pilot. The service
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Blockchain Analytics Firm Raises US$100 Million at a US$4.2 Billion Valuation
Chainalysis, a New York-based blockchain data platform, announced it secured a US$100 million Series E financing led by Coatue, bringing its valuation to US$4.2 billion. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment
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New Fintech Angel Investor Network Launched With Execs From Grab, PayPal and Stripe
Senior executives from the largest fintechs in Southeast Asia have banded together to launch Fintech Angel Operators, a network of up to 100 angel investors bringing their on-the-ground expertise to early-stage startups. The founding team, from Saison Capital and Finantier,
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Hg Exchange Graduates From MAS Fintech Regulatory Sandbox With RMO License
Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, announced its graduation from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognised Market Operator (RMO) license. With this RMO license,
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eRemit Singapore Rolls Out Insurance Scheme for Migrant Workers
eRemit Singapore, a digital remittance service platform backed by Merchantrade Asia and QALA Tech, announced that it has partnered with Hong Leong Assurance Singapore (HLAS) to offer a new insurance scheme for migrant workers in Singapore. The eRemit Singapore’s Salary
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New Study from NUS Calls for Risk-Approriate Regulation for BNPL Schemes
Buy now pay later (BNPL) schemes have witnessed strong growth in Singapore but for the sector to develop in a way that’s beneficial to consumers, rules and regulatory oversight are needed, a new paper says. Authored by Allen Sng, a
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Standard Chartered Hires ING’s Senior Exec as Its New Digital Lead
Standard Chartered announced the appointment of Roel Louwhoff as its new Group Chief Digital, Technology and Innovation Officer effective from the 1st November 2021 onwards. Louwhoff, has been Chief Operations and Transformation Officer at ING since 2014 and will be
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