Finmo has refreshed its brand to signal its focus on real-time, connected treasury operations for modern finance teams. The update marks the company’s transition into a treasury management system that connects global financial infrastructure. The platform provides real-time cash visibility, automated reconciliation, money movement capabilities, and treasury automation within a single environment. At the centre of Finmo’s approach is its “4Cs” framework: Connect, Control, Command, and Create. The framework is intended to help finance teams unify data, improve forecasting accuracy, and manage liquidity and working capital in real time. The system also incorporates a global payments network that allows finance…
Author: Fintech News Singapore
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Data connectivity is driving digital innovation in ASEAN, enabling advances in areas including real-time payments, and cross-border financial services. However, businesses looking to expand across the region still face a fragmented landscape of data regulation and growing restrictions on cross-border data transfers. According to a new report by the Singapore Fintech Association (SFA), regional cooperation through initiatives like the ASEAN Digital Economy Framework Agreement (DEFA), is offering a pathway to harmonized, secure, and efficient data governance. DEFA could be a game-changer for regional business growth, efficiency, and innovation. The report, based on a survey of 109 organizations across ASEAN conducted…
Dyna.Ai will return to the Singapore Fintech Festival (SFF) from 12 to 14 November to showcase applied AI solutions from its full-stack suite for financial institutions. Building on its 2024 launch of Agent Studio, the company will demonstrate AI agents and applications that enhance daily work and free teams to focus on higher-value tasks. An early Dyna.Ai development will also be featured at the Future of Finance booth led by the Monetary Authority of Singapore (MAS) on 13 November at 12:30 p.m. (Hall 6, Booth 6C37), in collaboration with a local financial institution. Dyna.Ai has been shortlisted for the Fintech…
Episode Six has partnered with Fireblocks to build a unified payments platform that lets banks, fintechs, and corporations manage fiat, stablecoins, loyalty points, and other digital assets on one system. The platform combines Episode Six’s card-issuing and ledger infrastructure with Fireblocks’ technology for digital asset custody, settlement, trading operations, and stablecoin payments. Through the Fireblocks Network, which connects over 120 blockchains, 35 exchanges, and global card networks, institutions can issue, fund, and process both traditional and digital assets securely and at scale. It supports both pre-funded and credit-based models and integrates with core banking systems and external ledgers. The platform…
The Monetary Authority of Singapore (MAS) is advancing efforts to make energy transition credits a credible financing tool for Asia’s decarbonisation, following insights from the TRACTION coalition’s final report. MAS formed the Transition Credits Coalition (TRACTION) at COP28 to explore how carbon credits from the early retirement of coal-fired power plants can support a managed and equitable shift to clean energy. The coalition brings together over 30 partners from carbon services, project development, energy financing, risk management and non-governmental organisations. The report estimates that about 33 per cent of operating and developing coal plants across 15 Asian markets could generate…
In Southeast Asia, regulators are tightening their oversight of financial services marketing, placing financial institutions under pressure to monitor agent behavior, mitigate misinformation, and maintain brand trust. A new paper by Meltwater, an online media, social and consumer intelligence company from Norway, looks at how regulators are cracking down on unethical behavior such as misleading advertising and high-pressure sales tactics, highlighting recent regulatory developments amid the surge of financial influencers (finfluencers). In Malaysia, Securities Commission (SC) released in March 2025 a revised version of its Guidelines on Advertising for Capital Market Products and Related Services, taking into account evolving global…
More than 90,000 Singapore businesses, about one in four nationwide, now sell abroad through PayPal as digital payments open doors to global markets. Together, these merchants reached over 14 million international shoppers. Between April 2024 and March 2025, they processed more than 60 million cross-border transactions, according to PayPal’s latest data. Gaming, beauty, and fashion led Singapore’s global sales, generating over US$1.6 billion in total transaction value. Gaming topped the list with US$593 million and 1.7 million monthly purchases, led by buyers in the United States, Germany, Japan, the United Kingdom, and France. Beauty ranked second with US$411 million and…
The Monetary Authority of Singapore (MAS) has approved Franklin Templeton’s Franklin Onchain U.S. Dollar Short-Term Money Market Fund as an authorised scheme, paving the way for the country’s first tokenized retail fund. Developed in collaboration with DBS Bank, the fund is initially available to DBS wealth clients and accredited investors through the bank’s relationship managers, with retail access expected in the first quarter of 2026. Investors can participate with a minimum investment of US$20. The fund mirrors the strategy of the Luxembourg-domiciled FTIF Franklin U.S. Dollar Short-Term Money Market Fund, which has delivered over three decades of performance. It uses…
The Monetary Authority of Singapore (MAS) and Indonesia’s Otoritas Jasa Keuangan (OJK) have renewed their commitment to collaboration in fintech by signing a MoU on Cooperation in Financial Technology. This builds on the MoU signed in 2018 and expands cooperation to support technological innovation in the financial sector. The renewed MoU aims to help financial institutions and fintech firms in both countries take advantage of developments such as digital financial assets and artificial intelligence, while contributing to the growth of ASEAN’s digital economy. Under the MoU, MAS and OJK will share knowledge and best practices, promote cooperation between financial industries…
Moomoo Singapore has opened its first two physical stores at 313@Somerset and Jem, expanding its digital investing platform into spaces where investors can learn and connect in person. The launch reflects Moomoo’s omnichannel strategy to complement its app with physical touchpoints for its 1.5 million users. The boutiques offer personalised guidance, workshops and tutorials to make investing education more accessible. The 313@Somerset outlet, along Singapore’s main shopping belt, targets young professionals and students, while the Jem store in Jurong East, one of the largest suburban malls in the west, brings investing closer to families and retail investors in the heartlands.…
Payments firm Nuvei has integrated Visa Direct for Account into its global payments platform, enabling businesses to send funds directly to consumers’ and workers’ bank accounts in eligible countries. The update expands Nuvei’s real-time payout options, giving merchants faster and more reliable access to global money transfers. The company is among the first global acquirers to offer Visa Direct for Account alongside Visa Direct for Card, enabling faster global money movement. Earlier collaborations include being an early acquirer for Visa Direct for Card in markets such as Colombia and supporting Visa’s Agentic Commerce initiatives. With a single integration, merchants can…
DBS has launched an upgraded version of its corporate banking virtual assistant, DBS Joy, now powered by generative artificial intelligence (Gen AI). Developed in-house as Asia’s first corporate banking virtual assistant, the chatbot offers 24/7 support through the bank’s digital platform, DBS IDEAL. DBS Joy handles a wide range of queries, from routine requests to complex servicing needs. For specialised support, users are connected to customer service staff equipped with a Gen AI-powered digital co-pilot to deliver faster and more tailored assistance. Since trials began in February, DBS Joy has handled over 120,000 chats. About 4,000 corporate clients, mostly small…
XTransfer has partnered with OCBC to establish a long-term collaboration that provides trading companies, especially SMEs, with compliant and efficient cross-border financial solutions. OCBC will support XTransfer’s business development in Greater China and ASEAN by offering a range of corporate banking services. This includes trade finance, local and foreign currency loans, foreign exchange, payments, collections, time deposits, and corporate internet banking. Both companies will also explore new product areas to drive innovation in cross-border services and enhance efficiency and customer experience for corporate clients. Jason Sun, Co-founder and CFO of XTransfer, said, “Leveraging OCBC’s extensive network and integrated financial capabilities…
Singapore is preparing what could be the world’s first nationwide rollout of hardware tokens for online banking authentication, according to The Straits Times. The Monetary Authority of Singapore (MAS) is working with banks to issue FIDO-compliant devices that connect to a user’s phone or computer before approving high-value transactions. The move marks a return to physical tokens last seen in the early 2000s, when banks used number-pad devices to generate one-time passwords for online banking. Digital tokens embedded in mobile apps replaced them in 2017, but a rise in online scams has prompted regulators to bring hardware back into the…
Singapore’s largest lender, DBS Group Holdings, is preparing for a major workforce transformation as artificial intelligence begins to reshape traditional banking roles, according to a Bloomberg report. Chief Executive Tan Su Shan said the bank will no longer hire for positions likely to be automated and is instead retraining existing employees to take on new responsibilities. Roles such as bank tellers are being redefined to focus on customer relationships and digital servicing, including managing video teller machines. DBS has identified around 13,000 employees for upskilling in AI and data capabilities, with more than 10,000 already trained, according to earlier company…
Singapore Fintech Festival (SFF) 2025 will mark its 10th year from 12 to 14 November, spotlighting how AI, tokenisation and quantum technology could shape the future of global finance. Organised by the Monetary Authority of Singapore (MAS), the Global Finance & Technology Network (GFTN) and Constellar, in collaboration with the Association of Banks in Singapore (ABS), the event promotes collaboration across finance, technology and policy. This year’s theme, Technology Blueprint for the Next Decade of Finance, will explore how the emerging technology stack is transforming global finance and advancing sustainable growth and inclusion across emerging markets and the Global South.…
Singapore’s fintech story has always been about speed, but 2025 feels different. This is the year when years of policy work and infrastructure building move from pilot to production. Digital rails, data frameworks, and regulatory guardrails are now carrying volumes, serving users, and supporting activity that stretches well beyond Singapore’s borders. The Singapore Fintech Report 2025 captures this shift in detail. This year, the report spotlights how Singapore’s discipline, policy foresight, and execution are quietly redrawing the map of Asian finance. MAS’s new Digital Token Service Provider framework, for example, has set a benchmark for digital-asset regulation, while the launch…
Ripple and the Global Finance & Technology Network (GFTN) have launched a global training programme to help policymakers strengthen their understanding of stablecoins, tokenisation and cross-border payments. The initiative, Decoding Digital Assets: Stablecoins and Digital Money, aims to build regulatory capacity and bridge the gap between blockchain innovation and public sector readiness. Powered by Ripple, it will train more than 200 central bankers, regulators and policymakers from key Asia-Pacific markets including Australia, the Philippines, Thailand, Korea, Taiwan and Indonesia before expanding globally. The six-week online course includes eight hours of content and fortnightly live sessions with industry experts. It also…
Project Mandala is exploring how regulatory requirements can be digitally embedded into cross-border payment systems to automate compliance. Led by the BIS Innovation Hub Singapore Centre with the Reserve Bank of Australia, Bank of Korea, Bank Negara Malaysia, and the Monetary Authority of Singapore, the project aims to automate compliance procedures and reduce regulatory friction in international transactions. It builds on Project Dunbar, which tested a multi-central bank digital currency platform for cross-border settlements. Using a compliance-by-design architecture, Mandala encodes jurisdiction-specific rules into a shared digital framework to enable real-time monitoring, pre-validation of checks, and automatic proof generation before payments…
Standard Chartered Foundation is investing US$6 million to boost youth employment and support sustainable livelihoods in Singapore and ASEAN. Most of the investment will be channelled through the foundation to develop an ASEAN blue economy programme that helps sustain coastal and maritime ecosystems while improving the economic livelihoods of communities across the region. The initial phase will include a landscape assessment to identify untapped potential and blue economy-related job opportunities. Globally, 282 million young people are not in employment, education, or training, including about 19 million in ASEAN, where young women are 1.5 times more likely to be unemployed than…