Posts From Fintech News Singapore
MAS Invites Applications for New Digital Bank Licences Starting Today
The Monetary Authority of Singapore (MAS) announced today that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior
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Australia Stock Exchange to Work With VMWare and Digital Assets on DLT
The Australian Securities Exchange (ASX) has signed a three-party memorandum of understanding (MOU) with Digital Asset and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. Under the principles in the agreement, ASX plans
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MAS’ Chief Fintech Officer on Making Singapore a World Leader in Digital Banking
Over the past couple of years, Singapore has emerged as one of the fintech’s top hotspots in the world. Today, the city state is home to 43% of all fintech companies in Southeast Asia: that’s about 750+ organizations. Since being
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Maybank Eyeing Digital Banking License in Singapore
Maybank Singapore is reportedly eyeing one of the five digital banking licenses, Alvin Lee, Head of Community Financial Services reveals (paywall) to Bussiness Times. The digital banking guideline was first announced late June 2019 by MAS and the regulator said
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Swiss Software Giant Avaloq Appoints New Head of Asia
Avaloq has appointed Imad Abou Haidar as the firm’s new Head of Asia. Imad joins from London-headquartered software firm Finastra, where he was Managing Director for the Asia-Pacific region based in Singapore. The appointment coincides with Avaloq releasing details of
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Cryptocurrency Exchange Binance Launches Lending Service
Binance one of the world’s largest cryptocurrency exchange announced the launch of a new service called “Binance Lending”. This service offers users the opportunity to earn beyond just trading. Binance Lending users will be able to subscribe to a lending
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Singaporean Insurtech Axinan To Provide Digital Insurance for Indonesian Unicorn Bukalapak
Singapore-based insurtech firm Axinan announced today their partnership with leading Indonesian e-commerce unicorn Bukalapak during a press conference. The collaboration between Axinan and Bukalapak will mark the first alliance between the two parties, amalgamating Axinan’s proprietary tech capabilities with Bukalapak’s
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Fintech Lending to Drive Indonesia’s Economic Growth
As the world’s fourth most populous country in the world, with more than 60% of its population of working age, Indonesia has unique economic potential. However, one of the key elements needed for the country to reach its full economic
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From Libra to WhatsApp Pay — A Glance at Facebook’s Fintech Play
For years, social networking giant Facebook has shown interest in the fintech market, partnering with PayPal to build digital payment capabilities into its Messenger app, testing and introducing payment services on its various messaging platforms, and exploring blockchain and cryptocurrency
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20 Upcoming Fintech and Blockchain Events in Asia Pacific to Attend in 2019
As Asia Pacific’s fintech industry rapidly grow, so does the events that surround it. With new events spawning every day it’s hard to keep track of which ones are worth your time and which ones aren’t. Here 22 events handpicked
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