Posts From Fintech News Singapore
MAS to Take Supervisory Action Against DBS and Citibank After Service Disruptions
The Monetary Authority of Singapore (MAS) has instructed DBS Bank and Citibank to investigate why they were unable to fully recover their systems within the set timeframe during a recent banking services disruption. MAS requires all banks to have in
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Hong Kong Fintech Week 2023 to Draw Over 30,000 Attendees, 5M Viewers Online
The Hong Kong Fintech Week 2023 (HKFW), themed “Fintech Redefined”, will take place from 30 October to 5 November 2023. The event is expected to attract over 30,000 attendees and garner over 5 million online views from more than 90
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Saudi and Singapore Central Banks to Share Fintech Expertise
The Saudi Central Bank (SAMA) and the Monetary Authority of Singapore (MAS) have agreed to work together on fintech and innovation. The agreement was signed by H.E. Mr. Ayman Al-Sayari, Governor of SAMA, and H.E. Dr. Vivian Balakrishnan, the Minister
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Igloo Partners OPPO and realme to Offer Smartphone Protection Plans
Singapore-based insurtech Igloo has partnered with smartphone brands OPPO and realme to offer protection and after-sales services for their smartphones. The partnership has launched in Singapore with OPPO and in the Philippines with realme, with plans to roll out into
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MAS Seeks Input from Financial Institutions on Net Zero Transition Planning
The Monetary Authority of Singapore (MAS) has proposed guidelines for banks, insurers, and asset managers to transition to a net zero economy. The guidelines are expected to help financial institutions manage climate-related risks and support their customers and investee companies
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PayPal Backs Singapore-Based Sweef Capital and Quona Capital to Empower Women
PayPal invests in Sweef Capital’s Southeast Asia Women’s Economic Empowerment Fund (SWEEF) and Quona Opportunity Fund to support women’s inclusion in the global economic and financial system. Sweef Capital is a Singapore-based woman-led fund that focuses on opportunities that respond
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GoTo and Bank Jago Roll Out New Bank Account Offering in Indonesia
Indonesia’s GoTo Financial and Bank Jago, a Gojek-backed digital bank, have launched a new bank account offering that can be accessed directly through the GoPay and Gojek apps. Touted to be first of its kind in Indonesia, ‘GoPay Tabungan by
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Nium Powers APAC Travel Innovation with Expansion of B2B Payments Offering
Global payments platform Nium has expanded its B2B travel payments offering in the Asia Pacific (APAC) region, citing the rising demand for its virtual credit card offering globally. Nium’s virtual card solution is used by travel intermediaries and operators to pay
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bolttech Acquires Polish Embedded Protection Firm Digital Care
Insurtech firm bolttech has acquired Digital Care, an embedded protection company based in Poland. Financial details of the deal was not disclosed. The acquisition will serve to expand bolttech’s products, operational scale and distribution partner network in the embedded protection
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UBS Launches Digital Platform for Structured Products in Asia
UBS Global Wealth Management has gone live with a digital platform for structured products in Singapore and Hong Kong, providing customers in the two locations with access to a wide selection of products, the ability to customize these products, and
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