Posts From Fintech News Singapore
Singapore Launches US$5 Billion FAST-P Initiative for Climate Action in Asia
Singapore has introduced a financial platform, the Financing Asia’s Transition Partnership (FAST-P), with the goal to raise US$5 billion in funds for climate action in Asia. This initiative, highlighted by Ravi Menon, Managing Director of the Monetary Authority of Singapore
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ACP, IFC, MAS, and Temasek Unite for Green Investments in SE Asia
The Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS), and Temasek have joined forces to address the climate finance gaps in Asia, particularly Southeast Asia. The region requires approximately US$1.7 trillion annually in infrastructure
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Igloo Secures US$36 Million Pre-Series C, Marks 50% Surge in Company Valuation
Singapore-based insurtech Igloo has completed a US$36 million Pre-Series C funding round, bumping up its valuation by 50% compared to the previous round in 2022. The company aims to achieve profitability by 2024. The funding round, led by the global
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Singlife Achieves 35% Reduction in Data Analysis Costs with Qlik
Singapore’s homegrown financial firm Singlife has announced a partnership with Qlik, provider of a business analytics platform, to step up the speed of its digital claims process. Through Qlik’s cloud data integration and visualisation capabilities, Singlife employees gain access to
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Aspire Unveils New Singapore HQ, Aims to Double Fintech Workforce by 2025
Aspire, an all-in-one finance platform for businesses, has opened its new headquarters in Singapore, aiming to enhance its role in fintech research and development (R&D) within the region. The firm also shared its plans to double its fintech-specialised workforce in
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Binance CEO Teng to Ensure Top Exec Team Remains Intact Amidst Regulatory Scrutiny
Richard Teng, the newly appointed CEO of crypto exchange Binance, emphasised the importance of maintaining the existing core team at the cryptocurrency exchange, in a recent interview with Bloomberg TV. Teng reiterated Binance’s aim to invest heavily in its compliance
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Outgoing MAS Chief Ravi Menon Foresees Decline of Private Cryptocurrencies
Monetary Authority of Singapore’s (MAS) Managing Director Ravi Menon predicted the decline of private cryptocurrencies when speaking at the HKMA-BIS High-Level Conference hosted by Hong Kong’s central bank, according to a Bloomberg report. Menon criticised private digital coins by saying
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CZ Steps Down as Chairman of Binance.US
Crypto exchange Binance’s founder and former CEO Changpeng Zhao (CZ) is stepping down from his role as Chairman of the Board of Directors at Binance.US. Zhao will retain an economic interest in the company but will no longer participate in
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ISC2 SECURE Asia Pacific Returns with Powerful Lineup of Cyber Leaders
The ISC2 SECURE Asia Pacific 2023 conference is set to take place at the Marina Bay Sands Convention Centre in Singapore on 6 and 7 December 2023. This event, following its successful launch last year, offers a unique opportunity for
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Malaysia’s KWAP Gets S$180M Green Loan from DBS for Aussie Office Refinancing
DBS Bank has provided a green loan of AUD 207 million (S$180 million) to Malaysia’s Retirement Fund (KWAP). The loan is designated for refinancing a high-grade green office building in Melbourne, Australia. The office tower, entirely owned by KWAP, is
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